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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss, including amounts attributable to noncontrolling interest $ (428,033) $ (180,696) $ (157,560)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Stock-based compensation expense 163,049 122,567 30,009
Gain from the fair value change of acquisition related contingent consideration 0 (1,722) 0
Charitable donation of common stock 10,700 0 0
Amortization of intangible assets 2,167 2,362 665
Depreciation expense 4,368 3,231 543
Amortization of deferred contract acquisition costs 43,463 44,958 33,368
Gain from deconsolidation of Arch, formerly Meltano 0 (17,798) 0
Loss from equity method investment 3,824 3,189 0
Impairment of equity method investment 8,858 0 0
Net amortization of premiums or discounts on short-term investments (20,349) (6,077) 0
Unrealized foreign exchange loss (gain), net 4,648 (3,727) 20,389
Other non-cash expense, net 1,330 1,156 197
Changes in assets and liabilities:      
Accounts receivable (36,341) (54,169) (38,223)
Prepaid expenses and other current assets (23,854) (8,909) (8,219)
Deferred contract acquisition costs (53,100) (48,555) (42,575)
Other non-current assets (309) 3,012 (3,374)
Accounts payable (3,443) 287 1,877
Accrued expenses and other current liabilities 258,293 4,619 13,953
Accrued compensation and benefits 15,173 (11,693) 19,755
Deferred revenue 79,347 73,003 79,074
Other non-current liabilities 5,249 (2,446) 307
Net cash provided by (used in) operating activities 35,040 (77,408) (49,814)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short-term investments (815,697) (821,622) (100,031)
Proceeds from maturities of short-term investments 734,007 231,626 50,000
Purchases of property and equipment (1,598) (6,070) (3,541)
Deconsolidation of Arch, formerly Meltano 0 (9,620) 0
Escrow payment related to business combination, after acquisition date (2,500) 0 0
Payments for business combination, net of cash acquired and consideration withheld in an escrow 0 0 (323)
Other investing activities (450) 0 0
Net cash used in investing activities (86,238) (605,686) (53,895)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from initial public offering, net of underwriting discounts 0 0 654,552
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 32,302 24,515 25,354
Issuance of common stock under employee stock purchase plan 12,933 14,378 0
Proceeds from warrants exercised 0 0 86
Repurchase of common stock in a tender offer 0 0 (590)
Contributions received from noncontrolling interests, net of issuance costs 0 61,726 26,450
Partial settlement of acquisition related contingent cash consideration 0 (3,137) 0
Payments of deferred offering costs 0 0 (4,667)
Net cash provided by financing activities 45,235 97,482 701,185
Impact of foreign exchange on cash and cash equivalents (3,943) (3,658) 6,846
Net increase (decrease) in cash and cash equivalents (9,906) (589,270) 604,322
Cash, cash equivalents, and restricted cash at beginning of period 297,902 887,172 282,850
Cash, cash equivalents, and restricted cash at end of period 287,996 297,902 887,172
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 6,903 838 1,310
Cash donations 0 0 1,000
Supplemental disclosure of non-cash investing and financing activities:      
Vesting of early exercised stock options 1,234 4,706 7,212
Issuance of common stock upon conversion of preferred stock 0 0 424,904
Unpaid property and equipment in accrued expenses 0 0 273
Unpaid deferred offering costs 0 0 40
Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the statements of cash flows above:      
Cash and cash equivalents 287,996 [1] 295,402 [1] 884,672
Restricted cash, included in prepaid expenses and other current assets 0 2,500 0
Restricted cash, included in other non-current assets 0 0 2,500
Total cash, cash equivalents and restricted cash $ 287,996 $ 297,902 $ 887,172
[1]
(1) As of January 31, 2024 and January 31, 2023, the consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $47.6 million and $62.8 million, respectively, and liabilities of $6.1 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.