Gitlab Inc.
For the period ended Oct 31, 2025. Filed Dec 3, 2025.
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.
Oct 31, 2025 · Filed Dec 3, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| October 31, 2025(1) | January 31, 2025(1) | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $224,231 | $227,649 |
| Short-term investments | 980,077 | 764,728 |
| Accounts receivable, net of allowance for doubtful accounts of $1,080 and $991 as of October 31, 2025 and January 31, 2025, respectively | 221,140 | 264,565 |
| Deferred contract acquisition costs, current | 36,522 | 38,964 |
| Prepaid expenses and other current assets | 44,979 | 40,411 |
| Total current assets | 1,506,949 | 1,336,317 |
| Property and equipment, net | 10,193 | 4,013 |
| Goodwill | 16,919 | 16,139 |
| Intangible assets, net | 11,789 | 17,834 |
| Deferred contract acquisition costs, non-current | 20,288 | 20,142 |
| Other non-current assets | 4,701 | 4,818 |
| TOTAL ASSETS | $1,570,839 | $1,399,263 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $9,187 | $7,519 |
| Accrued expenses and other current liabilities | 58,406 | 54,680 |
| Accrued compensation and benefits | 33,402 | 40,233 |
| Deferred revenue, current | 464,813 | 442,599 |
| Total current liabilities | 565,808 | 545,031 |
| Deferred revenue, non-current | 28,977 | 26,369 |
| Other non-current liabilities | 8,057 | 6,557 |
| TOTAL LIABILITIES | 602,842 | 577,957 |
| Commitments and contingencies (Note 13) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.0000025 par value; 50,000 shares authorized; no shares issued and outstanding as of October 31, 2025 and January 31, 2025 | — | — |
| Class A Common stock, $0.0000025 par value; 1,500,000 shares authorized; 149,723 and 144,444 shares issued and outstanding as of October 31, 2025 and January 31, 2025, respectively | — | — |
| Class B Common stock, $0.0000025 par value; 250,000 shares authorized; 18,581 and 19,469 shares issued and outstanding as of October 31, 2025 and January 31, 2025, respectively | — | — |
| Additional paid-in capital | 2,141,732 | 1,952,031 |
| Accumulated deficit | (1,220,973) | (1,167,614) |
| Accumulated other comprehensive income (loss) | 1,956 | (8,508) |
| Total GitLab stockholders’ equity | 922,715 | 775,909 |
| Noncontrolling interests | 45,282 | 45,397 |
| TOTAL STOCKHOLDERS’ EQUITY | 967,997 | 821,306 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $1,570,839 | $1,399,263 |
(1) As of October 31, 2025 and January 31, 2025, the condensed consolidated balance sheet includes assets of the consolidated variable interest entity, GitLab Information Technology (Hubei) Co., LTD (“JiHu”), of $41.6 million and $46.5 million, respectively, and liabilities of $7.2 million and$10.3 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 10. Joint Venture” for further discussion.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.