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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2024
Jan. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 176,632 $ 287,996
Short-term investments [1] 740,340 748,289
Accounts receivable, net of allowance for doubtful accounts of $891 and $673 as of October 31, 2024 and January 31, 2024, respectively [1] 197,555 166,731
Deferred contract acquisition costs, current [1] 34,518 32,300
Prepaid expenses and other current assets [1] 43,120 45,601
Total current assets [1] 1,192,165 1,280,917
Property and equipment, net [1] 3,563 2,954
Operating lease right-of-use assets 444 [1] 405
Goodwill [1] 16,131 8,145
Intangible assets, net [1] 19,536 1,733
Deferred contract acquisition costs, non-current [1] 17,248 19,317
Other non-current assets [1] 3,552 4,390
TOTAL ASSETS [1] 1,252,639 1,317,861
CURRENT LIABILITIES:    
Accounts payable [1] 2,224 1,738
Accrued expenses and other current liabilities [1] 51,821 286,178
Accrued compensation and benefits [1] 27,274 35,809
Deferred revenue, current [1] 383,183 338,348
Total current liabilities [1] 464,502 662,073
Deferred revenue, non-current [1] 14,138 23,794
Other non-current liabilities [1] 3,776 14,060
TOTAL LIABILITIES [1] 482,416 699,927
Commitments and contingencies (Note 14) [1]
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0000025 par value; 50,000 shares authorized as of October 31, 2024 and January 31, 2024; no shares issued and outstanding as of October 31, 2024 and January 31, 2024 [1] 0 0
Additional paid-in capital [1] 1,891,653 1,718,661
Accumulated deficit [1] (1,161,952) (1,149,822)
Accumulated other comprehensive income (loss) [1] (4,996) 2,335
Total GitLab stockholders’ equity [1] 724,705 571,174
Noncontrolling interests [1] 45,518 46,760
TOTAL STOCKHOLDERS’ EQUITY [1] 770,223 617,934
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY [1] 1,252,639 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 October 31, 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 $43.4 million and $47.6 million, respectively, and liabilities of $6.1 million for each period presented. 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.