Gitlab Inc
For the period ended Jul 31, 2024. Filed Sep 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.
Jul 31, 2024 · Filed Sep 4, 2024
GTLB$47.12-2.0%Stored close · as of Nov 9, 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 Operations
(in thousands, except per share data)
| Three Months Ended July 31, | Six Months Ended July 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Subscription—self-managed and SaaS | $163,181 | $122,096 | $314,360 | $233,287 |
| License—self-managed and other | 19,403 | 17,485 | 37,411 | 33,172 |
| Total revenue | 182,584 | 139,581 | 351,771 | 266,459 |
| Cost of revenue: | ||||
| Subscription—self-managed and SaaS | 16,630 | 10,871 | 30,469 | 21,762 |
| License—self-managed and other | 4,740 | 3,825 | 9,677 | 6,873 |
| Total cost of revenue | 21,370 | 14,696 | 40,146 | 28,635 |
| Gross profit | 161,214 | 124,885 | 311,625 | 237,824 |
| Operating expenses: | ||||
| Sales and marketing | 97,778 | 92,116 | 190,202 | 178,653 |
| Research and development | 61,273 | 49,007 | 115,413 | 99,394 |
| General and administrative | 43,168 | 37,819 | 100,655 | 72,067 |
| Total operating expenses | 202,219 | 178,942 | 406,270 | 350,114 |
| Loss from operations | (41,005) | (54,057) | (94,645) | (112,290) |
| Interest income | 12,827 | 9,112 | 24,857 | 16,427 |
| Other income (expense), net | 1,032 | (1,330) | 465 | (1,077) |
| Loss before income taxes and loss from equity method investment | (27,146) | (46,275) | (69,323) | (96,940) |
| Loss from equity method investment, net of tax | — | (917) | — | (1,665) |
| Provision for (benefit from) income taxes | (39,420) | 4,016 | (26,710) | 5,502 |
| Net income (loss) | $12,274 | $(51,208) | $(42,613) | $(104,107) |
| Net loss attributable to noncontrolling interest | (675) | (1,128) | (918) | (1,558) |
| Net income (loss) attributable to GitLab | $12,949 | $(50,080) | $(41,695) | $(102,549) |
| Net income (loss) per share attributable to GitLab Class A and Class B common stockholders: | ||||
| Basic | $0.08 | $(0.33) | $(0.26) | $(0.67) |
| Diluted | $0.08 | $(0.33) | $(0.26) | $(0.67) |
| Weighted-average shares used to compute net income (loss) per share attributable to GitLab Class A and Class B common stockholders: | ||||
| Basic | 159,677 | 153,644 | 158,973 | 152,683 |
| Diluted | 166,346 | 153,644 | 158,973 | 152,683 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.