Subsequent Events

12 Months Ended

Jan. 31, 2026

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On February 27, 2026, the Company’s Board of Directors approved an increase to the Repurchase Program, authorizing the repurchase of up to an additional $160.0 million of the Company’s Class A common stock pursuant to the Repurchase Program. As of January 31, 2026, approximately $39.4 million remained available for future stock repurchases under the Repurchase Program, and, after the increase, the Company now has a total of $199.4 million available for future repurchases under the Repurchase Program.

Stock repurchases under the Repurchase Program may be made from time to time, including without limitation, open market purchases or through privately negotiated transactions and/or structured repurchase agreements with third parties, block purchases or derivative contracts, and/or pursuant to Rule 10b5-1 trading plans, subject to market conditions, applicable securities laws and other legal requirements, and other relevant factors. The Repurchase Program does not obligate the Company to acquire any particular amount of Class A common stock, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the Repurchase Program are expected to be funded from existing cash and cash equivalents. The Repurchase Program, as amended, has no specified expiration date and will continue until the funds committed to the Repurchase Program are exhausted or such authorization is revoked by the Board.

On February 26, 2026, the Company entered into the Fifth Amendment to the November 2022 Senior Secured Credit Facility with SVB. The amendment provides for, among other things, certain waivers and consents to allow for the Repurchase Program.

On February 26, 2026, Sonalee Parekh tendered to the Board of Directors her resignation as Chief Financial Officer of the Company, effective as of March 23, 2026 (the “Separation Date”). Ms. Parekh is expected to remain in her role as Chief Financial Officer through the Separation Date. The Board has appointed Aziz Megji, the

Company’s current Head of Financial Planning & Analysis as Chief Financial Officer of the Company, effective as of March 24, 2026.