Net Income (Loss) Per Share

3 Months Ended

Apr. 30, 2023

Basic income (loss) per share is computed by dividing net income (loss) attributable to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted net income (loss) per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, restricted stock units, and other awards. In periods of net loss, diluted loss per share is computed on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Three Months Ended April 30,
(in thousands, except per share amounts)	2023		2022
Net income (loss) per share - basic:
Numerator:
Net income (loss)	$	2,808	$	(25,288)
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic	265,584		256,903
Net income (loss) per common share, basic	$	0.01	$	(0.10)
Net income (loss) per share - diluted:
Numerator:
Net income (loss)	$	2,808	$	(25,288)
Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share, basic	265,584		256,903
Weighted-average effect of diluted securities:
Stock options	12,339		—
RSUs	3,115		—
Common stock warrants	306		—
Weighted-average shares outstanding used in computing net income (loss) per share, diluted	281,344		256,903
Net income (loss) per common share, diluted	$	0.01	$	(0.10)

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	April 30, 2023
(in thousands)	2023	2022
Stock options	7,467	41,065
PSUs	3,649	2,625
RSUs	769	8,092
ESPP	298	388
Warrants to purchase common stock	—	2,500
Total shares excluded from net income (loss) per share	12,183	54,670