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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information

The following table summarizes the stock option activity under the equity incentive plans and related information:

 

 

 

Shares Subject to Options Outstanding

 

 

Weighted-
Average

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Remaining

 

 

 

 

 

 

 

 

 

Average Exercise

 

 

Contractual Life

 

 

Aggregate

 

 

 

Shares

 

 

Price

 

 

(Years)

 

 

Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Balance as of January 31, 2022

 

 

5,726,893

 

 

$

11.74

 

 

 

3.04

 

 

$

82,481

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(2,083,277

)

 

 

3.09

 

 

 

 

 

 

 

Options forfeited/cancelled

 

 

(650,000

)

 

 

20.28

 

 

 

 

 

 

 

Balance as of July 31, 2022

 

 

2,993,616

 

 

$

15.90

 

 

 

3.82

 

 

$

37,546

 

Vested and expected to vest as of July 31, 2022

 

 

2,989,152

 

 

$

15.89

 

 

 

3.81

 

 

$

37,506

 

Exercisable as of July 31, 2022

 

 

2,903,245

 

 

$

15.79

 

 

 

3.72

 

 

$

36,740

 

Summary of Restricted Stock Unit Activity Under Equity Incentive Plans and Related Information

The following table summarizes the restricted stock unit activity under the equity incentive plans and related information:

 

 

 

Number of

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock Units

 

 

Grant Date

 

 

 

Outstanding

 

 

Fair Value

 

Unvested balance - January 31, 2022

 

 

14,840,913

 

 

$

21.35

 

Granted

 

 

8,247,887

 

 

 

28.14

 

Vested

 

 

(4,365,169

)

 

 

22.69

 

Forfeited/cancelled

 

 

(1,369,225

)

 

 

22.24

 

Unvested balance - July 31, 2022

 

 

17,354,406

 

 

$

24.17

 

Summary of Components of Stock-Based Compensation Expense

The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 31,

 

 

July 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

4,787

 

 

$

4,883

 

 

$

9,142

 

 

$

10,223

 

Research and development

 

 

18,095

 

 

 

16,626

 

 

 

35,821

 

 

 

32,079

 

Sales and marketing

 

 

14,800

 

 

 

12,919

 

 

 

30,089

 

 

 

24,470

 

General and administrative

 

 

11,004

 

 

 

9,700

 

 

 

20,744

 

 

 

19,146

 

Total stock-based compensation

 

$

48,686

 

 

$

44,128

 

 

$

95,796

 

 

$

85,918