XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.1
Equity Incentive Plans (Tables)
3 Months Ended
May 04, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule 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 20252,426,214 $14.07 2.0$130,798 
Options exercised(348,395)15.39   
Balance at the end of the first quarter of fiscal 2026
2,077,819 $13.85 2.0$71,090 
Vested and exercisable at the end of the first quarter of fiscal 2026
2,077,819 $13.85 2.0$71,090 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the RSU activity under our 2015 Plan 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 202519,299,290 $37.20 $1,308,299 
Granted
7,651,932 42.35 
Vested(2,476,486)31.65 
Forfeited(531,373)39.56 
Unvested balance at the end of the first quarter of fiscal 2026
23,943,363 $39.37 $1,145,450 
Schedule of Share-Based Payment Arrangement, Performance Restricted Stock Unit, Activity
A summary of the PRSU activity under our 2015 Plan and related information is as follows:
Number of
PRSUs Outstanding
Weighted-
Average
Grant Date
Fair Value
Aggregate
Intrinsic
Value (in thousands)
Unvested balance at the end of fiscal 2025
1,849,045 $41.34 $125,347 
Vested and earned (1)
(500,649)39.59 
Unearned (2)
(284,928)49.46 
Unvested balance at the end of the first quarter of fiscal 2026
1,063,468 $39.98 $50,876 
____________________________________
(1) Represents the number of shares earned in which the service condition has also been satisfied.
(2) Represents the number of shares canceled as a result of not fully achieving the fiscal 2025 performance conditions.
Schedule of 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
 20252026
Cost of revenue—product$2,782 $3,266 
Cost of revenue—subscription services8,871 7,162 
Research and development
50,294 49,242 
Sales and marketing23,519 22,084 
General and administrative27,528 14,521 
Total stock-based compensation expense, net of amounts capitalized (1)
$112,994 $96,275 
_________________________________
(1) Stock-based compensation expense capitalized was $1.6 million and $1.9 million during the first quarter of fiscal 2025 and 2026.