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Equity Incentive Plans (Tables)
 3 Months Ended
May 05, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information
A summary of the stock option activity under our equity incentive plans and related information is as follows:
 
 Options Outstanding
 Number of
Shares		Weighted-
Average
Exercise Price		Weighted-
Average
Remaining
Contractual Life (In Years)		Aggregate
Intrinsic
Value (in thousands)
Balance at the end of fiscal 20244,493,934 $13.63 2.3$129,065 
Options exercised(1,034,342)12.78   
Options forfeited(593)1.95   
Balance at the end of the first quarter of fiscal 2025
3,458,999 $13.89 2.3$133,119 
Vested and exercisable at the end of the first quarter of fiscal 2025
3,451,936 $13.78 2.3$132,763 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the RSU activity under our equity incentive plans and related information is as follows:
 
Number of
RSUs Outstanding
Weighted-
Average
Grant Date
Fair Value		Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 202424,343,074 $26.77 $1,028,495 
Granted
6,063,832 49.75 
Vested(3,018,788)22.88 
Forfeited(1,020,204)26.47 
Unvested balance at the end of the first quarter of fiscal 2025
26,367,914 $32.51 $1,377,460 
Schedule of Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity
A summary of the PRSU activity under our equity incentive plans and related information is as follows:
Number of PRSUs Outstanding
Weighted-Average Grant Date Fair ValueAggregate Intrinsic Value
(in thousands)
Unvested balance at the end of fiscal 2024
2,270,597 $25.64 $95,933 
Granted (1)
1,102,502 49.46 
Vested and earned (2)
(660,376)24.52 
Unearned (3)
(297,864)23.86 
Unvested balance at the end of the first quarter of fiscal 2025
2,414,859 $37.04 $126,152 
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(1) Represents the number of shares that may be earned at the target percentage of 100% depending on the achievement of fiscal 2025 performance conditions.
(2) Represents the number of shares earned in which the service condition has also been satisfied.
(3) Represents the number of shares canceled as a result of not fully achieving the fiscal 2024 performance conditions.
Summarizes the Components of Stock-Based Compensation
The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):
 
 
First Quarter of Fiscal
 20242025
Cost of revenue—product$2,655 $2,782 
Cost of revenue—subscription services5,647 8,871 
Research and development
38,232 50,294 
Sales and marketing17,181 23,519 
General and administrative14,115 27,528 
Total stock-based compensation expense, net of amounts capitalized (1)
$77,830 $112,994 
_________________________________
(1) Stock-based compensation expense capitalized was $0.8 million and $1.6 million during the first quarter of fiscal 2024 and 2025.