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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2024
Jan. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 420,322 $ 287,996
Short-term investments [1] 641,173 748,289
Accounts receivable, net of allowance for doubtful accounts of $582 and $673 as of April 30, 2024 and January 31, 2024, respectively [1] 135,195 166,731
Deferred contract acquisition costs, current [1] 31,034 32,300
Prepaid expenses and other current assets [1] 35,319 45,601
Total current assets [1] 1,263,043 1,280,917
Property and equipment, net [1] 2,820 2,954
Operating lease right-of-use assets 543 [1] 405
Goodwill [1] 16,070 8,145
Intangible assets, net [1] 16,637 1,733
Deferred contract acquisition costs, non-current [1] 17,738 19,317
Other non-current assets [1] 4,776 4,390
TOTAL ASSETS [1] 1,321,627 1,317,861
CURRENT LIABILITIES:    
Accounts payable [1] 3,230 1,738
Accrued expenses and other current liabilities [1] 306,734 286,178
Accrued compensation and benefits [1] 22,743 35,809
Deferred revenue, current [1] 341,830 338,348
Total current liabilities [1] 674,537 662,073
Deferred revenue, non-current [1] 15,267 23,794
Other non-current liabilities [1] 17,465 14,060
TOTAL LIABILITIES [1] 707,269 699,927
Commitments and contingencies (Note 14) [1]
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0000025 par value; 50,000 shares authorized as of April 30, 2024 and January 31, 2024; no shares issued and outstanding as of April 30, 2024 and January 31, 2024 [1] 0 0
Additional paid-in capital [1] 1,768,947 1,718,661
Accumulated deficit [1] (1,204,466) (1,149,822)
Accumulated other comprehensive income [1] 3,360 2,335
Total GitLab stockholders’ equity [1] 567,841 571,174
Noncontrolling interests [1] 46,517 46,760
TOTAL STOCKHOLDERS’ EQUITY [1] 614,358 617,934
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY [1] 1,321,627 1,317,861
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 April 30, 2024 and January 31, 2024, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $46.7 million and $47.6 million, respectively, and liabilities of $6.1 million and $6.1 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.