Gitlab Inc
For the period ended Apr 30, 2024. Filed Jun 4, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2024 · Filed Jun 4, 2024
GTLB$46.66-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months EndedApril 30, | ||
|---|---|---|
| 2024 | 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 | — | 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) | — |
| 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 | $— |
| 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 | $315,933 |
| Restricted cash, included in prepaid expenses and other current assets | — | 2,500 |
| Total cash, cash equivalents and restricted cash | $420,322 | $318,433 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.