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Net Loss Per Share
 9 Months Ended
Oct. 31, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options, restricted stock units and shares underlying the conversion option of the convertible senior notes. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each period presented.
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):
Three Months Ended October 31,Nine Months Ended October 31,
2024202320242023
Numerator:
Net loss
$(9,776)$(29,297)$(144,898)$(121,140)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted
74,020,593 71,560,023 73,472,900 70,878,162 
Net loss per share, basic and diluted
$(0.13)$(0.41)$(1.97)$(1.71)
In connection with the issuance of the 2024 Notes and 2026 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the 2026 Notes. During the three months ended April 30, 2024, the Company elected a settlement in cash, as opposed to the Company’s common stock, of the Capped Calls associated with 2024 Notes. In June 2024 the related derivative was settled and the Capped Calls associated with the 2024 Notes were successfully unwound, refer to Note 5. Convertible Senior Notes for more information.
The following weighted-average outstanding potentially dilutive shares of common stock were excluded from the computation of diluted net loss per share for the periods presented because the impact of including them would have been anti-dilutive:
Three Months Ended October 31,Nine Months Ended October 31,
2024202320242023
Stock options pursuant to the 2016 Equity Incentive Plan
303,833 391,969 326,151 448,289 
Stock options pursuant to the 2008 Stock Incentive Plan336,783 848,908 364,653 996,896 
Unvested restricted stock units
3,814,958 4,260,776 3,877,567 4,271,290 
Unvested executive PSUs179,053 205,232 184,532 205,232 
Shares underlying the conversion option of the 2026 Notes5,561,065 5,445,002 5,483,690 5,445,002 
Total10,195,692 11,151,887 10,236,593 11,366,709