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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2024
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, 2024

 

 

2,283,543

 

 

$

17.69

 

 

 

2.93

 

 

$

18,975

 

Options exercised

 

 

(908,660

)

 

 

18.86

 

 

 

 

 

 

 

Balance as of July 31, 2024

 

 

1,374,883

 

 

$

16.92

 

 

 

2.55

 

 

$

15,406

 

Exercisable as of July 31, 2024

 

 

1,374,883

 

 

$

16.92

 

 

 

2.55

 

 

$

15,406

 

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, 2024

 

 

14,079,595

 

 

$

26.17

 

Granted

 

 

7,443,178

 

 

 

27.76

 

Vested

 

 

(3,931,365

)

 

 

25.83

 

Forfeited/cancelled

 

 

(949,362

)

 

 

26.81

 

Unvested balance - July 31, 2024

 

 

16,642,046

 

 

$

26.93

 

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,

 

 

 

2024

 

 

2023

 

 

 

2024

 

 

2023

 

Cost of revenue

 

$

4,731

 

 

$

5,230

 

 

 

$

9,352

 

 

$

9,715

 

Research and development

 

 

19,676

 

 

 

18,722

 

 

 

 

37,495

 

 

 

35,724

 

Sales and marketing

 

 

19,173

 

 

 

17,546

 

 

 

 

36,956

 

 

 

32,864

 

General and administrative

 

 

11,531

 

 

 

11,848

 

 

 

 

22,470

 

 

 

22,320

 

Total stock-based compensation

 

$

55,111

 

 

$

53,346

 

 

 

$

106,273

 

 

$

100,623