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Condensed Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended
Apr. 30, 2022
USD ($)
Apr. 30, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (26,613) $ (28,282)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 17,471 3,431
Amortization of intangible assets 581 84
Depreciation expense 558 0
Amortization of deferred contract acquisition costs 10,813 6,951
Gain from deconsolidation of Meltano Inc. (17,798) 0
Loss from equity method investment 256 0
Unrealized foreign exchange (gain) loss (231) 1,021
Other non-cash expense (268) (262)
Changes in assets and liabilities:    
Accounts receivable 8,674 4,052
Prepaid expenses and other current assets (2,158) (1,276)
Costs deferred related to contract acquisition (10,249) (4,948)
Other long-term assets (61) (1,221)
Accounts payable 800 (272)
Accrued expenses and other current liabilities 1,569 (1,689)
Accrued compensation and benefits (20,606) (5,837)
Deferred revenue 6,687 6,105
Other long-term liabilities 2,419 622
Net cash used in operating activities (28,156) (21,521)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of short-term investments (47,361) 0
Proceeds from maturities of short-term investments 50,031 0
Purchases of property and equipment (1,874) 0
Deconsolidation of Meltano Inc. (9,620) 0
Net cash used in investing activities (8,824) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases 5,317 4,129
Proceeds from short-term borrowings from a potential investor in JiHu 2,878 0
Repurchase of common stock in a tender offer 0 (590)
Contributions received from noncontrolling interests, net of issuance costs 35,528 7,491
Net cash provided by financing activities 43,723 11,030
Impact of foreign exchange on cash and cash equivalents (3,926) (130)
Net increase (decrease) in cash and cash equivalents 2,817 (10,621)
Cash, cash equivalents, and restricted cash at beginning of period 887,172 282,850
Cash, cash equivalents, and restricted cash at end of period 889,989 272,229
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 173 0
Supplemental disclosure of non-cash investing and financing activities:    
Vesting of early exercised stock options 2,146 700
Unpaid property and equipment in accrued expenses 33 0
Unpaid issuance costs related to capital contributions from noncontrolling interest holders 744 0
Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:    
Cash and cash equivalents 887,489 [1] 272,229
Restricted cash 2,500 0
Total cash, cash equivalents and restricted cash $ 889,989 $ 272,229
[1] (1) As of April 30, 2022 and January 31, 2022, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $45.3 million and $17.7 million, respectively, and liabilities of $6.8 million and $3.7 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 Deconsolidation of Majority Owned Subsidiary” for further discussion.