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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss, including amounts attributable to noncontrolling interest $ (54,887) $ (52,899)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation expense 42,252 32,330
Charitable donation of common stock 2,957 2,675
Amortization of intangible assets 1,087 579
Depreciation expense 937 1,092
Amortization of deferred contract acquisition costs 11,109 10,549
Loss from equity method investment 0 947
Net amortization of premiums or discounts on short-term investments (4,900) (3,596)
Unrealized foreign exchange loss (gain), net 545 (262)
Other non-cash expense (income), net 412 (59)
Changes in assets and liabilities:    
Accounts receivable 31,072 4,840
Prepaid expenses and other current assets 10,354 (2,087)
Deferred contract acquisition costs (8,540) (8,497)
Other non-current assets (419) (302)
Accounts payable 1,336 (2,158)
Accrued expenses and other current liabilities 19,617 2,789
Accrued compensation and benefits (13,152) (5,121)
Deferred revenue (4,448) 8,383
Other non-current liabilities 2,806 (164)
Net cash provided by (used in) operating activities 38,138 (10,961)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (144,392) (58,864)
Proceeds from maturities of short-term investments 254,687 83,500
Purchases of property and equipment (700) (256)
Payments for business combination, net of cash acquired (20,210) 0
Net cash provided by investing activities 89,385 24,380
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 5,093 7,513
Net cash provided by financing activities 5,093 7,513
Impact of foreign exchange on cash and cash equivalents (290) (401)
Net increase in cash and cash equivalents 132,326 20,531
Cash, cash equivalents, and restricted cash at beginning of period 287,996 297,902
Cash, cash equivalents, and restricted cash at end of period 420,322 318,433
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 1,011 1,066
Supplemental disclosure of non-cash investing and financing activities:    
Vesting of early exercised stock options 98 517
Right-of-use assets obtained in exchange for new operating lease liabilities 284 0
Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the statements of cash flows above:    
Cash and cash equivalents 420,322 [1] 315,933
Restricted cash, included in prepaid expenses and other current assets 0 2,500
Total cash, cash equivalents and restricted cash 420,322 318,433
Right-of-use assets obtained in exchange for new operating lease liabilities $ 284 $ 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.