The company maintains a healthy capital structure with zero total debt and a current ratio of 2.55, though it remains burdened by a $1.2 billion accumulated deficit.
| Total Current Assets | 1.64B | 1.66B | 1.34B | 1.28B | 1.12B | 1.05B | 348.49M | 384.48M |
| Cash & Short-Term Investments | 1.36B | 1.26B | 992.38M | 1.04B | 936.65M | 934.7M | 282.85M | 343.33M |
| Cash Only | 335.39M | 229.58M | 227.65M | 288M | 295.4M | 884.67M | 282.85M | 343.33M |
| Short-Term Investments | 1.02B | 1.03B | 764.73M | 748.29M | 641.25M | 50.03M | 0 | 0 |
| Accounts Receivable | 200.3M | 304.3M | 278.54M | 178.46M | 134.32M | 77.23M | 39.65M | 24.78M |
| Days Sales Outstanding | 83.86 | 116.28 | 133.9 | 112.33 | 115.54 | 111.58 | 95.1 | 111.33 |
| Inventory | 0 | 0 | 0 | 0 | 49.09M | 39.59M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | 346.68 | 481.96 | - | - |
| Other Current Assets | 81.59M | 91.58M | 40.28M | 33.25M | -18.34M | -14.92M | 19.2M | 10.22M |
| Total Non-Current Assets | 66.13M | 66.97M | 62.95M | 36.94M | 51.24M | 39.59M | 14.07M | 7.37M |
| Property, Plant & Equipment | 12.78M | 11.81M | 4.39M | 3.36M | 6.79M | 3.27M | 0 | 0 |
| Fixed Asset Turnover | 93.87x | 80.85x | 172.79x | 172.64x | 62.45x | 77.24x | - | - |
| Goodwill | 17.8M | 17.38M | 16.14M | 8.14M | 8.14M | 8.14M | 0 | 0 |
| Intangible Assets | 7.76M | 9.77M | 17.83M | 1.73M | 3.9M | 6.29M | 797K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 12.68M | 0 | 0 | 0 |
| Other Non-Current Assets | 27.79M | 28M | 24.58M | 23.71M | 10.03M | 14.37M | 13.28M | 7.37M |
| Total Assets | 1.71B | 1.72B | 1.4B | 1.32B | 1.17B | 1.09B | 362.57M | 391.85M |
| Asset Turnover | 0.62x | 0.55x | 0.54x | 0.44x | 0.36x | 0.23x | 0.42x | 0.21x |
| Asset Growth % | 75.66% | 23.12% | 5.89% | 13.02% | 7.12% | 201.03% | -7.47% | - |
| Total Current Liabilities | 643.05M | 652.14M | 545.03M | 677.16M | 306.3M | 241.6M | 127.18M | 77.79M |
| Accounts Payable | 8.85M | 9.21M | 7.52M | 1.74M | 5.18M | 4.98M | 3.11M | 1.67M |
| Days Payables Outstanding | 26.47 | 27.83 | 32.23 | 10.62 | 36.61 | 60.67 | 61.5 | 65.13 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2B | 545.1M | 442.6M | 338.35M | 254.38M | 179.22M | 103.54M | 61.52M |
| Other Current Liabilities | 0 | 58.19M | 2.96M | 6.43M | 23.71M | 17.7M | 7.14M | 6.12M |
| Current Ratio | 2.55x | 2.54x | 2.45x | 1.90x | 3.65x | 4.35x | 2.74x | 4.94x |
| Quick Ratio | 2.55x | 2.54x | 2.45x | 1.90x | 3.49x | 4.19x | 2.74x | 4.94x |
| Cash Conversion Cycle | 57.39 | - | - | - | 425.6 | 532.86 | - | - |
| Total Non-Current Liabilities | 31.1M | 34.36M | 32.93M | 37.85M | 38.18M | 50.57M | 466.61M | 448.81M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 117K | 0 | 413K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 44K | 10.56M | 849K | 379K | 913K | 0 |
| Other Non-Current Liabilities | 7.11M | 34.36M | 6.4M | 3.5M | 8.56M | 17.62M | 435.07M | 430.06M |
| Total Liabilities | 674.15M | 686.5M | 577.96M | 715.01M | 344.48M | 292.17M | 593.79M | 526.6M |
| Total Debt | 0 | 0 | 392K | 410K | 1.13M | 0 | 0 | 0 |
| Net Debt | -335.39M | -229.58M | -227.26M | -287.59M | -294.27M | -884.67M | -282.85M | -343.33M |
| Debt / Equity | 0.00x | - | 0.00x | 0.00x | 0.00x | - | - | - |
| Debt / EBITDA | -0.00x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 10.94x | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - |
| Total Equity | 1.03B | 1.04B | 821.31M | 606.39M | 824.73M | 799.27M | -231.22M | -134.75M |
| Equity Growth % | 105.31% | 26.17% | 35.44% | -26.47% | 3.18% | 445.67% | -71.6% | - |
| Book Value per Share | 6.07 | 6.25 | 5.11 | 3.93 | 5.56 | 5.52 | -1.75 | -1.02 |
| Total Shareholders' Equity | 985.2M | 990.67M | 775.91M | 559.77M | 771.02M | 774.87M | -231.22M | -134.75M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -1.23B | -1.22B | -1.17B | -1.16B | -725.65M | -553.34M | -398.2M | -206M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.5M | 6.88M | -8.51M | 2.4M | -705K | 7.72M | -19.91M | 4.09M |
| Minority Interest | 46.18M | 45.58M | 45.4M | 46.62M | 53.7M | 24.4M | 0 | 0 |
Stock-based compensation dilution
As reported in recent financial statements, GitLab's total assets have expanded to $1.7 billion in 2027Q1 from $1.3 billion in 2024Q4, reflecting a steady accumulation of resources that suggests the company is successfully transitioning toward a more stable, albeit slower-growing, capital structure as it scales operations.
The expansion of the asset base appears to be driven by disciplined cash management rather than aggressive debt-fueled acquisition. This trajectory suggests that the company is prioritizing the preservation of its balance sheet integrity while navigating the transition from hyper-growth to sustainable operational maturity.
Based on 2027Q1 filings, GitLab maintains a current ratio of 2.55, providing a substantial liquidity cushion that appears well-positioned to absorb potential fluctuations in enterprise software demand or unexpected shifts in the broader macroeconomic environment that could impact developer seat-based subscription renewals.
The consistent current ratio, hovering above 2.5 in recent quarters, indicates a strong ability to meet short-term obligations without relying on external financing. This liquidity profile provides management with the flexibility to continue investing in product development while maintaining a defensive posture against market-driven revenue contractions.
According to reported figures, equity has grown to $985.2 million in 2027Q1, yet this growth is heavily influenced by persistent stock-based compensation, which warrants investor scrutiny regarding the long-term impact of dilution on shareholder value despite the company's improving operational efficiency and narrowing GAAP losses.
While the increase in equity is a positive signal of capital accumulation, the reliance on equity-based incentives to attract talent may mask the true cost of operations. Investors should monitor whether the pace of share issuance continues to outstrip the company's ability to generate meaningful GAAP earnings.
As indicated by the latest quarterly data, deferred revenue has climbed to $557.0 million in 2027Q1, representing a significant portion of the liability structure and serving as a reliable leading indicator of future revenue recognition as enterprise customers commit to multi-year software service agreements.
The steady growth in deferred revenue suggests that the company's core subscription model remains resilient, providing a predictable pipeline of future cash inflows. This trend appears to validate the effectiveness of the company's enterprise sales strategy in securing long-term commitments despite broader industry headwinds.
Based on an analysis of the balance sheet, the most non-obvious risk remains the persistent $1.2 billion in accumulated deficit, which suggests that despite strong top-line growth, the company has yet to prove its ability to convert its platform dominance into sustainable, long-term GAAP profitability.
The significant accumulated deficit highlights the historical cost of market share acquisition and suggests that the company's valuation remains highly sensitive to future margin expansion. Investors should remain cautious, as the current balance sheet strength is largely supported by equity financing rather than internally generated retained earnings.
Quick answers to the most common questions about buying GTLB stock.
As of 2026, GitLab Inc. (GTLB) had total assets of $1.72B including $1.66B in current assets.
GitLab Inc. (GTLB) carries total debt of $0.0M, offset by $1.26B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GitLab Inc. (GTLB) has total shareholders' equity (book value) of $990.7M ($6.25 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GitLab Inc. (GTLB) reported a current ratio of 2.54x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.