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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2023
Jan. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 285,309 $ 295,402
Short-term investments [1] 704,325 641,249
Accounts receivable, net of allowance for doubtful accounts of $403 and $1,564 as of October 31, 2023 and January 31, 2023, respectively [1] 135,614 130,479
Deferred contract acquisition costs, current [1] 27,196 26,505
Prepaid expenses and other current assets [1] 29,892 24,327
Total current assets [1] 1,182,336 1,117,962
Property and equipment, net [1] 3,690 5,797
Operating lease right-of-use assets 533 [1] 998
Equity method investment [1] 9,634 12,682
Goodwill [1] 8,145 8,145
Intangible assets, net [1] 2,254 3,901
Deferred contract acquisition costs, non-current [1] 15,104 15,628
Other non-current assets [1] 5,200 4,087
TOTAL ASSETS [1] 1,226,896 1,169,200
CURRENT LIABILITIES:    
Accounts payable [1] 5,023 5,184
Accrued expenses and other current liabilities [1] 269,980 25,954
Accrued compensation and benefits [1] 23,272 20,776
Deferred revenue, current [1] 287,647 254,382
Total current liabilities [1] 585,922 306,296
Deferred revenue, non-current [1] 23,016 28,355
Other non-current liabilities [1] 24,776 9,824
TOTAL LIABILITIES [1] 633,714 344,475
Commitments and contingencies (Note 15) [1]
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0000025 par value; 50,000 shares authorized as of October 31, 2023 and January 31, 2023; no shares issued and outstanding as of October 31, 2023 and January 31, 2023 [1] 0 0
Additional paid-in capital [1] 1,658,375 1,497,373
Accumulated deficit [1] (1,113,355) (725,648)
Accumulated other comprehensive income (loss) [1] 1,547 (705)
Total GitLab stockholders’ equity [1] 546,567 771,020
Noncontrolling interests [1] 46,615 53,705
TOTAL STOCKHOLDERS’ EQUITY [1] 593,182 824,725
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY [1] 1,226,896 1,169,200
Class A Common Stock    
STOCKHOLDERS’ EQUITY:    
Common stock, value, issued [1] 0 0
Class B Common Stock    
STOCKHOLDERS’ EQUITY:    
Common stock, value, issued [1] $ 0 $ 0
[1]
(1) As of October 31, 2023 and January 31, 2023, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $48.6 million and $62.8 million, respectively, and liabilities of $5.9 million and $8.9 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 12. Joint Venture and Equity Method Investment” for further discussion.