Net Income Per Share (Tables)

9 Months Ended

Oct. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income Per Share

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

	Three Months Ended October 31,				Nine Months Ended October 31,
(in thousands, except per share data)	2024		2023		2024		2023
Net income per share – basic:
Numerator:
Net income	$	10,455	$	16,967	$	22,930	$	30,260
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	253,807		271,202		262,030		268,596
Net income per common share, basic	$	0.04	$	0.06	$	0.09	$	0.11
Net income per share – diluted:
Numerator:
Net income	$	10,455	$	16,967	$	22,930	$	30,260
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic	253,807		271,202		262,030		268,596
Weighted-average effect of diluted securities:
Stock options	5,701		12,059		8,024		12,067
RSUs	2,464		4,072		4,971		4,743
Common stock warrants	—		742		68		579
ESPP	—		46		16		—
Weighted-average shares outstanding used in computing net income per share, diluted	261,972		288,121		275,109		285,985
Net income per common share, diluted	$	0.04	$	0.06	$	0.08	$	0.11

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

	Three Months Ended October 31,		Nine Months Ended October 31,
(in thousands)	2024	2023	2024	2023
Stock options	5,909	2,544	5,127	2,832
PSUs	780	780	780	780
RSUs	7,156	19	2,300	466
ESPP	16	—	—	493
Warrants to purchase common stock	628	—	—	—
Total shares excluded from net income per share	14,489	3,343	8,207	4,571