Gitlab Inc.
For the period ended Apr 30, 2025. Filed Jun 11, 2025.
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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, 2025 · Filed Jun 11, 2025
GTLB$46.66-1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended April 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss, including amounts attributable to noncontrolling interest | $(36,258) | $(55,476) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Stock-based compensation expense | 55,827 | 42,252 |
| Charitable donation of common stock | 1,739 | 2,957 |
| Amortization of intangible assets | 2,020 | 1,087 |
| Depreciation expense | 556 | 937 |
| Amortization of deferred contract acquisition costs | 13,899 | 11,109 |
| Net amortization of premiums or discounts on short-term investments | (2,996) | (4,900) |
| Unrealized foreign exchange loss, net | 9,901 | 720 |
| Other non-cash expense, net | 208 | 412 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 65,928 | 31,072 |
| Prepaid expenses and other current assets | 1,527 | 10,362 |
| Deferred contract acquisition costs | (8,126) | (8,540) |
| Other non-current assets | 379 | (419) |
| Accounts payable | 3,586 | 1,336 |
| Accrued expenses and other current liabilities | 9,979 | 20,023 |
| Accrued compensation and benefits | (13,084) | (13,152) |
| Deferred revenue | 1,205 | (4,448) |
| Other non-current liabilities | 12 | 2,806 |
| Net cash provided by operating activities | 106,302 | 38,138 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of short-term investments | (245,952) | (144,392) |
| Proceeds from maturities of short-term investments | 163,606 | 254,687 |
| Proceeds from sales of short-term investments | 1,367 | — |
| Purchases of property and equipment | (912) | (700) |
| Payments for business combination, net of cash acquired | — | (20,210) |
| Net cash provided by (used in) investing activities | (81,891) | 89,385 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of common stock upon exercise of stock options, including early exercises, net of repurchases | 3,328 | 5,093 |
| Net cash provided by financing activities | 3,328 | 5,093 |
| Impact of foreign exchange on cash and cash equivalents | 331 | (290) |
| Net increase in cash and cash equivalents | 28,070 | 132,326 |
| Cash and cash equivalents at beginning of period | 227,649 | 287,996 |
| Cash and cash equivalents at end of period | $255,719 | $420,322 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid (refunds) for income taxes | $(1,295) | $1,011 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Vesting of early exercised stock options | $38 | $98 |
| Unpaid property and equipment in accounts payable | $135 | $119 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.