XML 74 R63.htm IDEA: XBRL DOCUMENT v3.22.1
Joint Venture and Deconsolidation of Majority Owned Subsidiary - Schedule of Inter-Company Eliminations (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Jan. 31, 2022
Noncontrolling Interest [Line Items]      
Revenue $ 87,407 $ 49,930  
Cost of revenue 9,848 6,425  
Gross profit 77,559 43,505  
Sales and marketing 66,710 38,854  
Research and development 31,830 21,340  
General and administrative 21,892 9,339  
Total operating expenses 120,432 69,533  
Loss from operations (42,873) (26,028)  
Interest income 526 54  
Other income (expense), net 18,448 (1,052)  
Net loss (26,613) (28,282)  
Net loss attributable to noncontrolling interest (514) (345)  
Cash and cash equivalents 887,489 [1] 272,229 $ 884,672
Property and equipment, net 4,347 [1]   3,271
Total assets 1,098,953 [1]   1,091,438
Total liabilities(1) 280,751 [1]   292,169
Variable Interest Entity, Primary Beneficiary      
Noncontrolling Interest [Line Items]      
Revenue 1,093 0  
Cost of revenue 300 87  
Gross profit 793 (87)  
Sales and marketing 1,387 145  
Research and development 928 328  
General and administrative 754 634  
Total operating expenses 3,069 1,107  
Loss from operations (2,276) (1,194)  
Interest income 67 0  
Other income (expense), net 674 (48)  
Net loss before income taxes (1,535) (1,242)  
Net loss (1,535) (1,242)  
Net loss attributable to noncontrolling interest (514) $ (345)  
Cash and cash equivalents 42,455   14,198
Property and equipment, net 739   769
Other assets 2,154   2,765
Total assets 45,348   17,732
Total liabilities(1) 6,839   $ 3,663
Loans payable $ 2,900    
[1] (1) As of April 30, 2022 and January 31, 2022, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $45.3 million and $17.7 million, respectively, and liabilities of $6.8 million and $3.7 million, respectively. The assets of JiHu can be used only to settle obligations of JiHu and creditors of JiHu do not have recourse against the general credit of the Company. Refer to “Note 11. Joint Venture and Deconsolidation of Majority Owned Subsidiary” for further discussion.