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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2022
[1]
Jan. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 410,757 $ 884,672
Short-term investments 519,433 50,031
Accounts receivable, net of allowance for doubtful accounts of $1,340 and $1,098 as of July 31, 2022 and January 31, 2022, respectively 89,344 77,233
Deferred contract acquisition costs, current 23,648 24,363
Prepaid expenses and other current assets 20,807 15,544
Total current assets 1,063,989 1,051,843
Property and equipment, net 5,459 3,271
Equity method investment 14,581 0
Goodwill 8,145 8,145
Intangible assets, net 5,081 6,285
Deferred contract acquisition costs, non-current 13,945 14,743
Other long-term assets 4,219 7,151
TOTAL ASSETS 1,115,419 1,091,438
CURRENT LIABILITIES:    
Accounts payable 5,379 4,984
Accrued expenses and other current liabilities 24,474 24,571
Accrued compensation and benefits 15,503 32,820
Deferred revenue, current 201,348 179,224
Total current liabilities 246,704 241,599
Deferred revenue, non-current 24,401 32,568
Other non-current liabilities 13,994 18,002
TOTAL LIABILITIES 285,099 292,169
Commitments and contingencies (Note 14)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0000025 par value; 50,000 shares authorized as of July 31, 2022 and January 31, 2022; no shares issued and outstanding as of July 31, 2022 and January 31, 2022 0 0
Additional paid-in capital 1,413,491 1,320,479
Accumulated deficit (638,460) (553,337)
Accumulated other comprehensive income 3,456 7,724
Total GitLab stockholders’ equity 778,487 774,866
Noncontrolling interests 51,833 24,403
TOTAL STOCKHOLDERS’ EQUITY 830,320 799,269
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,115,419 1,091,438
Class A Common Stock    
STOCKHOLDERS’ EQUITY:    
Common stock, value, issued 0 0
Class B Common Stock    
STOCKHOLDERS’ EQUITY:    
Common stock, value, issued $ 0 $ 0
[1] (1) As of July 31, 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 $60.9 million and $17.7 million, respectively, and liabilities of $3.6 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 Equity Method Investment” for further discussion.