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Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2025
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, 2025

 

 

1,012,385

 

 

$

17.90

 

 

 

2.80

 

 

$

15,679

 

Options exercised

 

 

(83,033

)

 

 

17.52

 

 

 

 

 

 

 

Balance as of July 31, 2025

 

 

929,352

 

 

$

17.94

 

 

 

2.53

 

 

$

13,163

 

Exercisable as of July 31, 2025

 

 

929,352

 

 

$

17.94

 

 

 

2.53

 

 

$

13,163

 

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

The following table summarizes the restricted stock unit activity, inclusive of performance-based and market-based restricted stock units, under the equity incentive plans and related information:

 

 

 

Number of

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock Units

 

 

Grant Date

 

 

 

Outstanding

 

 

Fair Value

 

Unvested balance - January 31, 2025

 

 

14,676,374

 

 

$

28.04

 

Granted

 

 

7,256,188

 

 

 

30.74

 

Vested

 

 

(4,206,817

)

 

 

27.77

 

Forfeited/cancelled

 

 

(885,693

)

 

 

27.71

 

Unvested balance - July 31, 2025

 

 

16,840,052

 

 

$

29.29

 

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

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenue

 

$

5,666

 

 

$

4,731

 

 

$

10,498

 

 

$

9,352

 

Research and development

 

 

21,380

 

 

 

19,676

 

 

 

40,186

 

 

 

37,495

 

Sales and marketing

 

 

19,679

 

 

 

19,173

 

 

 

37,546

 

 

 

36,956

 

General and administrative

 

 

14,033

 

 

 

11,531

 

 

 

27,422

 

 

 

22,470

 

Total stock-based compensation

 

$

60,758

 

 

$

55,111

 

 

$

115,652

 

 

$

106,273