GitLab Inc. (GTLB) Financial Statements (2024 and earlier)

Company Profile

Business Address 268 BUSH STREET
SAN FRANCISCO, CA 94104
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

4/30/2024
MRQ
1/31/2024
1/31/2023
1/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments287,996295,402934,703
Cash and cash equivalents287,996295,402884,672
Short-term investments   50,031
Restricted cash and investments  2,500 
Receivables179,260134,32177,233
Prepaid expense 7,5466,07310,033
Capitalized contract cost32,30026,50524,363
Other current assets 1,0751,746314
Other undisclosed current assets772,740651,4155,197
Total current assets:1,280,9171,117,9621,051,843
Noncurrent Assets
Operating lease, right-of-use asset405998 
Property, plant and equipment2,9545,7973,271
Long-term investments and receivables  12,682 
Long-term investments  12,682 
Intangible assets, net (including goodwill)9,87812,04614,430
Goodwill8,1458,1458,145
Intangible assets, net (excluding goodwill)1,7333,9016,285
Capitalized contract cost, net19,31715,62814,743
Other noncurrent assets4,3904,0877,151
Total noncurrent assets:36,94451,23839,595
TOTAL ASSETS:1,317,8611,169,2001,091,438
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67,92042,00350,772
Taxes payable4,363
Employee-related liabilities32,820
Accounts payable1,7385,1844,984
Accrued liabilities66,18236,8198,605
Deferred revenue338,348254,382179,224
Customer refund liability3,0193,465 
Business combination, contingent consideration, liability3,608 3,029
Other liabilities  2632,017
Other undisclosed current liabilities249,1786,1836,557
Total current liabilities:662,073306,296241,599
Noncurrent Liabilities
Liabilities, other than long-term debt37,85438,17950,570
Deferred revenue23,79428,35532,568
Other liabilities14,0609,82418,002
Total noncurrent liabilities:37,85438,17950,570
Total liabilities:699,927344,475292,169
Equity
Equity, attributable to parent571,174771,020774,866
Additional paid in capital1,718,6611,497,3731,320,479
Accumulated other comprehensive income (loss)2,335(705)7,724
Accumulated deficit(1,149,822)(725,648)(553,337)
Equity, attributable to noncontrolling interest46,76053,70524,403
Total equity:617,934824,725799,269
TOTAL LIABILITIES AND EQUITY:1,317,8611,169,2001,091,438

Income Statement (P&L) ($ in thousands)

4/30/2024
TTM
1/31/2024
1/31/2023
1/31/2022
Revenues579,906424,336252,653
Cost of revenue(59,708)(51,680)(29,985)
Gross profit:520,198372,656222,668
Operating expenses(707,638)(584,067)(351,625)
Operating loss:(187,440)(211,411)(128,957)
Nonoperating income (expense)27,28836,081(30,114)
Investment income, nonoperating39,11414,496736
Other nonoperating income (expense)(11,826)21,585(30,850)
Loss from continuing operations before equity method investments, income taxes:(160,152)(175,330)(159,071)
Loss from equity method investments(3,824)(2,468) 
Other undisclosed income from continuing operations before income taxes3,8242,468 
Loss from continuing operations before income taxes:(160,152)(175,330)(159,071)
Income tax expense (benefit)(264,057)(2,898)1,511
Loss from continuing operations:(424,209)(178,228)(157,560)
Loss before gain (loss) on sale of properties:(157,560)
Other undisclosed net loss(3,824)(2,468) 
Net loss:(428,033)(180,696)(157,560)
Net income attributable to noncontrolling interest3,8598,3852,422
Net loss available to common stockholders, diluted:(424,174)(172,311)(155,138)

Comprehensive Income ($ in thousands)

4/30/2024
TTM
1/31/2024
1/31/2023
1/31/2022
Net loss:(428,033)(180,696)(157,560)
Other comprehensive income (loss)878(10,729) 
Other undisclosed comprehensive income   27,639
Comprehensive loss:(427,155)(191,425)(129,921)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6,02110,6852,047
Comprehensive loss, net of tax, attributable to parent:(421,134)(180,740)(127,874)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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