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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2024
Jan. 31, 2024
Current Assets:    
Cash and cash equivalents $ 236,592 $ 241,400
Short-term investments 785 686
Accounts receivable, net of allowance for credit losses of $1.3 million and $1.2 million, respectively 155,903 190,461
Contract assets, net 71,490 66,913
Inventories 16,589 14,209
Prepaid expenses and other current assets 48,775 59,505
Total current assets 530,134 573,174
Property and equipment, net 48,689 47,704
Operating lease right-of-use assets 28,836 30,118
Goodwill 1,354,933 1,352,715
Intangible assets, net 58,450 57,466
Other assets 168,970 165,247
Total assets 2,190,012 2,226,424
Current Liabilities:    
Accounts payable 29,327 26,301
Accrued expenses and other current liabilities 122,391 137,433
Contract liabilities 242,478 254,437
Total current liabilities 394,196 418,171
Long-term debt 411,365 410,965
Long-term contract liabilities 9,394 10,581
Operating lease liabilities 30,933 32,100
Other liabilities 88,892 85,620
Total liabilities 934,780 957,437
Commitments and Contingencies
Temporary Equity:    
Total temporary equity 436,321 436,321
Stockholders' Equity:    
Common stock — $0.001 par value; authorized 240,000,000 shares; issued 61,914,000 and 62,738,000 shares; outstanding 61,914,000 and 62,738,000 shares at April 30, 2024 and January 31, 2024, respectively. 62 63
Additional paid-in capital 958,062 979,671
Retained earnings (accumulated deficit) 8,518 (6,723)
Accumulated other comprehensive loss (150,241) (142,962)
Total Verint Systems Inc. stockholders' equity 816,401 830,049
Noncontrolling interest 2,510 2,617
Total stockholders' equity 818,911 832,666
Total liabilities, temporary equity, and stockholders' equity 2,190,012 2,226,424
Series A Preferred Stock    
Temporary Equity:    
Total temporary equity 200,628 200,628
Series B Preferred Stock    
Temporary Equity:    
Total temporary equity $ 235,693 $ 235,693