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Net Income per Share Attributable to Common Stockholders (Tables)
6 Months Ended
Jul. 31, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share amounts):

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

13,445

 

 

$

20,496

 

 

$

21,639

 

 

$

37,718

 

Accretion and dividend on series A convertible preferred stock

 

 

(4,312

)

 

 

(4,310

)

 

 

(8,540

)

 

 

(8,550

)

Undistributed earnings attributable to preferred stockholders

 

 

(1,036

)

 

 

(1,845

)

 

 

(1,488

)

 

 

(3,313

)

Net income attributable to common stockholders, basic and diluted

 

$

8,097

 

 

$

14,341

 

 

$

11,611

 

 

$

25,855

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic

 

 

144,896

 

 

 

144,070

 

 

 

144,669

 

 

 

144,678

 

Dilutive effect of awards issued under employee equity plans

 

 

4,345

 

 

 

2,098

 

 

 

4,004

 

 

 

2,395

 

Dilutive effect of shares related to the convertible senior notes

 

 

1,861

 

 

 

357

 

 

 

1,696

 

 

 

561

 

Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted

 

 

151,102

 

 

 

146,525

 

 

 

150,369

 

 

 

147,634

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common stockholders, basic

 

$

0.06

 

 

$

0.10

 

 

$

0.08

 

 

$

0.18

 

Net income per share attributable to common stockholders, diluted

 

$

0.05

 

 

$

0.10

 

 

$

0.08

 

 

$

0.18

 

Summary of Weighted Average Outstanding Shares Excluded from Computation of Diluted Net Income per Share Attributable to Common Stockholders

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive (in thousands):

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Options to purchase common stock

 

 

 

 

 

25

 

 

 

 

 

 

25

 

Restricted stock units

 

 

479

 

 

 

7,303

 

 

 

265

 

 

 

5,453

 

Employee stock purchase plan

 

 

370

 

 

 

1,638

 

 

 

282

 

 

 

1,242

 

Shares related to convertible preferred stock

 

 

18,564

 

 

 

18,541

 

 

 

18,566

 

 

 

18,540

 

Total

 

 

19,413

 

 

 

27,507

 

 

 

19,113

 

 

 

25,260