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While they have 884M cash/equivalents, they did have a yearly 157M Net loss, compared to 192M net loss last year. That's some good improvement but it means there's a lot of work to be done before they reach profitability. So I don't think they're strapped for cash, but there is likely pressure to make enough changes to reach profitability within 3-4 years.

https://ir.gitlab.com/node/7446/pdf

They burned $129MM and forecast a loss of $142MM next fiscal year.

Given that they recently went public I’d imagine they would be trying to become profitable. The IPO appears to have netted them around $600M in cash, or about four years of runway.

That's revenue.

They're spending more money than they're making.