Stock-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s stock option activity for the six months ended July 31, 2025 is as follows:

	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	(in thousands)			(in years)
Outstanding as of January 31, 2025	18,572	$	6.60	4.7
Exercised	(2,753)	4.70
Forfeited	(1,060)	10.97
Expired	(2)	1.71
Outstanding as of July 31, 2025	14,757	$	6.64	4.6
Exercisable as of July 31, 2025	14,067	$	6.35	4.4
Vested and expected to vest as of July 31, 2025	14,751	$	6.64	4.6

Schedule of RSU Award Activity

A summary of the Company’s RSU activity for the six months ended July 31, 2025 is as follows:

	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2025	14,750	$	10.46
Granted	11,408	8.92
Released	(2,989)	11.72
Cancelled/forfeited	(2,509)	11.19
Outstanding as of July 31, 2025	20,660	$	9.34

Schedule of Performance Based Stock Units

A summary of the Company’s PSU activity for the six months ended July 31, 2025 is as follows:

	Number of Performance Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2025	2,918	$	8.31
Granted	810	12.91
Cancelled/forfeited	(280)	8.06
Outstanding as of July 31, 2025	3,448	$	9.41

Schedule of Fair Value of PSUs Granted

To determine the fair value of the 2024 and 2025 PSUs, the Company utilized a Monte Carlo simulation. The inputs included in the valuations were as follows:

Vest-term	Three years
Volatility	48.8% - 53.7%
Risk-free rate	3.91% - 4.22%
Fair value of common stock at grant date	$8.21 - $9.14
Dividend yield	0%
Expected term	Three years
Fair value valuation	$11.82 - $14.84

Schedule of Stock-based Compensation Expense

Stock-based compensation expense included in operating results was allocated as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2025		2024		2025		2024
Costs of subscription	$	223	$	327	$	488	$	610
Costs of professional services	726		364		1,118		681
Research and development	4,204		2,834		8,090		5,408
Sales and marketing	6,124		5,802		12,419		11,406
General and administrative	10,027		5,765		19,603		10,842
Restructuring	—		—		866		—
Stock-based compensation, net of amounts capitalized	21,304		15,092		42,584		28,947
Capitalized stock-based compensation	388		631		1,305		1,182
Total stock-based compensation	$	21,692	$	15,723	$	43,889	$	30,129