Profit accounting math is fun: «revenue of $63.9 million and $108.1 million for the six months ended July 31, 2020 and July 31, 2021… operating cash flow margin… (35.8)% for… the six months ended July 31, 2021… gross profit… 87%».
That's because GitLab spent in marketing about twice as much as it spent in development, 83 vs. 44 M$ in 6 months. Hard to do that without venture capital. https://www.sec.gov/Archives/edgar/data/0001653482/000162828021018818/gitlab-sx1.htm#i359e99a49d03416a83f04e786aaaf108_46
Admittedly that's a nice origin myth: «created #GitLab from his house in Ukraine. It was a house without running water, but Dmitriy felt that not having a great #collaboration tool was a bigger problem than his daily trip to the communal well».
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