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Income as in revenue is steady. Cash flow has more variance since people pay for GitLab one or more years upfront. On average we have negative cash flow since
by sytse 8y ago
Income as in revenue is steady. Cash flow has more variance since people pay for GitLab one or more years upfront.
On average we have negative cash flow since we're investing the money we raised in growth by doubling incremental annual contract value every year.
But in some months we have a few large orders that push us to cash flow positive.
We could be cash flow positive every month but that would at the cost of our rate of development. Right now we're focussed on making GitLab a single application for the entire DevOps lifecycle. That means we have to make a lot of progress every month https://about.gitlab.com/2018/10/22/gitlab-11-4-released/ https://about.gitlab.com/2018/10/22/gitlab-11-4-released/