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Stockholders' Equity (Tables)
12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
Option activity under the Company’s combined stock plans is set forth below (in thousands, except years and per share data):
Number of
Shares
Weighted-
Average
Exercise
Price Per Share
Weighted-
Average
Remaining
Contractual Term
(in years)
Aggregate
Intrinsic Value
Balances at January 31, 20256,071 $3.48 3.6$108,457 
Stock options granted
— — 
Stock options exercised
(1,714)2.93
Stock options cancelled
(1)0.93
Balances at January 31, 20264,356 3.692.8$28,562 
Vested and exercisable at January 31, 20264,258 3.732.8$27,769 
Vested and expected to vest at January 31, 20264,356 3.692.8$28,562 
Schedule of Total Intrinsic Value of Options
The total intrinsic value of stock options exercised during the periods presented were as follows:
Year Ended January 31,
202620252024
Aggregate intrinsic value of stock options exercised (in thousands)
$20,401 $61,023 $38,757 
Schedule of RSU Activity
The Company’s RSU activity is set forth below (in thousands, except per share data):
Number of
Shares
Weighted-
Average
Grant Date Fair Value Per Share
Aggregate
Intrinsic Value
Unvested RSUs at January 31, 202521,521$18.44 $459,258 
RSUs granted8,65316.48
RSUs vested(11,424)18.69
RSUs cancelled/forfeited(6,119)18.06
Unvested RSUs at January 31, 202612,631 17.06$129,468 
RSUs vested, not yet released at January 31, 202626540.93
Schedule of Market-Based Awards Granted
The following assumptions were used to calculate the fair value of the Market-Based Awards granted during the year ended January 31, 2026:
Year Ended January 31,
2026
Risk-free interest rate3.74 %
Expected term3 years
Dividend yield— %
Expected volatility72.57 %
Schedule of PSU Activity
The Company’s PSU activity is set forth below (in thousands, except per share data):
Number of
Shares
Weighted-
Average
Grant Date Fair Value Per Share
Aggregate
Intrinsic Value
Unvested PSUs at January 31, 2025— $— $— 
PSUs granted991 19.98 
PSUs vested— — 
PSUs cancelled/forfeited— — 
Unvested PSUs at January 31, 2026991 $19.98 $10,158 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense for stock-based awards to employees and non-employees in the Company’s consolidated statements of operations for the periods below were as follows (in thousands):
Year Ended January 31,
202620252024
Cost of revenues$1,803 $1,387 $1,549 
Research and development106,174 115,953 112,619 
Sales and marketing58,089 64,320 59,217 
General and administrative48,777 29,611 29,033 
Total stock-based compensation expense$214,843 $211,271 $202,418 
Schedule of Unrecognized Stock-Based Compensation Expense Related to Unvested Awards
Total unrecognized stock-based compensation expense related to unvested awards not yet recognized under all equity compensation plans was as follows:
As of January 31, 2026
Unrecognized Expense
(in thousands)
Weighted-Average Expected Recognition Period
(in years)
Stock options$105 2.1
RSUs183,614 1.9
PSUs
14,920 1.9
Total unrecognized stock-based compensation expense$198,639 1.9
Schedule of Valuation Assumptions
The following assumptions were used to calculate the fair value of shares to be granted under the ESPP during the period:
Year Ended January 31,
202620252024
Risk-free interest rate
3.5% - 4.2%
3.5% - 4.5%
4.1% - 5.5%
Expected term
0.5 - 2.0 years
0.5 - 2.0 years
0.5 - 2.0 years
Dividend yield
—%
—%
—%
Expected volatility
60.6% - 88.9%
48.8% - 65.0%
39.3% - 60.3%
Schedule of Stock Repurchase Activity
The following table summarizes the stock repurchase activity under the Company’s Repurchase Program (in thousands, except per share data):
Year Ended January 31,
20262025
Number of shares repurchased9,725 6,213 
Weighted-average price per share
$13.59 $12.61 
Aggregate purchase price
$132,206 $78,354