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Leases
 9 Months Ended
Oct. 31, 2024
Leases [Abstract]  
Leases Leases
The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the three and nine months ended October 31, 2024 and 2023.
On August 2, 2023, the Company entered into a 10-year operating lease agreement for a new corporate headquarters located in New York, NY. The Company has the option to extend the term for 60 months, which is not included in our right-of-use assets and lease liabilities as the lease renewal is not reasonably certain to be exercised. The lease commenced on April 29, 2024, with payments beginning in December 2024.
The components of lease expense were as follows:
Three Months Ended October 31, Nine Months Ended October 31,
(in thousands)2024202320242023
Operating lease cost$3,132 $2,877 $9,326 $8,160 
Variable lease cost358 328 1,006 937 
Short-term lease cost111 145 374 534 
Total lease cost$3,601 $3,350 $10,706 $9,631 

The weighted average remaining lease term and discount rate were as follows:
October 31, 2024January 31, 2024
Weighted average remaining lease term (years)7.226.20
Weighted average discount rate8.69 %10.11 %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)
Fiscal year ended January 31, 2025 (remaining three months)
$2,581 
202611,689 
202710,645 
20288,656 
20297,281 
20306,150 
Thereafter23,059 
Total minimum lease payments
70,061 
Less: imputed interest(18,903)
Total$51,158