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GTLB (GitLab) Gross Property, Plant and Equipment : $7.5 Mil (As of Jan. 2025)


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What is GitLab Gross Property, Plant and Equipment?

GitLab's quarterly gross PPE increased from Jul. 2024 ($3.4 Mil) to Oct. 2024 ($4.0 Mil) and increased from Oct. 2024 ($4.0 Mil) to Jan. 2025 ($7.5 Mil).

GitLab's annual gross PPE stayed the same from Jan. 2023 ($10.8 Mil) to Jan. 2024 ($10.7 Mil) but then declined from Jan. 2024 ($10.7 Mil) to Jan. 2025 ($7.5 Mil).


GitLab Gross Property, Plant and Equipment Historical Data

The historical data trend for GitLab's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GitLab Gross Property, Plant and Equipment Chart

GitLab Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Gross Property, Plant and Equipment
Get a 7-Day Free Trial - 3.81 10.79 10.74 7.47

GitLab Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.74 3.36 3.38 4.01 7.47

GitLab Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


GitLab  (NAS:GTLB) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


GitLab Gross Property, Plant and Equipment Related Terms

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GitLab Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » GitLab Inc (NAS:GTLB) » Definitions » Gross Property, Plant and Equipment
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Address
268 Bush Street, Suite 350, San Francisco, CA, USA, 94104-3503
GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.
Executives
Karen Blasing director 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Sytse Sijbrandij director, officer: Chief Executive Officer C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Brian G Robins officer: Chief Financial Officer 21355 RIDGETOP CIRCLE, ATTN: GENERAL COUNSEL, DULLES VA 20166
Robin Schulman officer: Chief Legal Officer & Corp Sec C/O NEW RELIC, INC., 188 SPEAR STREET, STE. 1200, SAN FRANCISCO CA 94105
Susan L Bostrom director
Matthew Jacobson director, 10 percent owner C/O DATADOG, INC., 45TH FLOOR, NEW YORK NY 10001
Erin Mannix officer: Chief Accounting Officer 801 LAKEVIEW DRIVE, BLUE BELL PA 19422
Merline Saintil director 10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
Sundeep Bedi director C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Mark Porter director C/O MONGODB, INC., 1633 BROADWAY, 38TH FLOOR, NEW YORK NY 10019
Iconiq Strategic Partners Iv, L.p. 10 percent owner 394 PACIFIC AVENUE, SECOND FLOOR, SAN FRANCISCO CA 94111
Iconiq Strategic Partners Iii, L.p. 10 percent owner 394 PACIFIC AVENUE, 2ND FLOOR, SAN FRANCISCO CA 94111
Christopher Lee Weber officer: Chief Revenue Officer C/O UIPATH, INC., 452 5TH AVENUE, 22ND FLOOR, NEW YORK NY 10018
Michael Eugene Mcbride officer: Chief Revenue Officer C/O GITLAB, INC., 268 BUSH STREET, #350, SAN FRANCISCO CA 94104
Dale R Brown officer: Principal Accounting Officer 1060 E ARQUES AVE, SUNNYVALE CA 94085