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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 438,616 $ 287,996
Short-term investments [1] 644,488 748,289
Accounts receivable, net of allowance for doubtful accounts of $679 and $673 as of July 31, 2024 and January 31, 2024, respectively [1] 165,001 166,731
Deferred contract acquisition costs, current [1] 33,841 32,300
Prepaid expenses and other current assets [1] 32,410 45,601
Total current assets [1] 1,314,356 1,280,917
Property and equipment, net [1] 2,899 2,954
Operating lease right-of-use assets 482 [1] 405
Goodwill [1] 16,017 8,145
Intangible assets, net [1] 21,867 1,733
Deferred contract acquisition costs, non-current [1] 15,753 19,317
Other non-current assets [1] 4,888 4,390
TOTAL ASSETS [1] 1,376,262 1,317,861
CURRENT LIABILITIES:    
Accounts payable [1] 3,219 1,738
Accrued expenses and other current liabilities [1] 272,164 286,178
Accrued compensation and benefits [1] 29,117 35,809
Deferred revenue, current [1] 362,348 338,348
Total current liabilities [1] 666,848 662,073
Deferred revenue, non-current [1] 14,732 23,794
Other non-current liabilities [1] 6,678 14,060
TOTAL LIABILITIES [1] 688,258 699,927
Commitments and contingencies (Note 14) [1]
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.0000025 par value; 50,000 shares authorized as of July 31, 2024 and January 31, 2024; no shares issued and outstanding as of July 31, 2024 and January 31, 2024 [1] 0 0
Additional paid-in capital [1] 1,833,786 1,718,661
Accumulated deficit [1] (1,191,517) (1,149,822)
Accumulated other comprehensive income [1] 570 2,335
Total GitLab stockholders’ equity [1] 642,839 571,174
Noncontrolling interests [1] 45,165 46,760
TOTAL STOCKHOLDERS’ EQUITY [1] 688,004 617,934
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY [1] 1,376,262 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 July 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 $45.0 million and $47.6 million, respectively, and liabilities of $6.5 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.