XML 24 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES:      
Net loss $ (378,678) $ (271,101) $ (117,573)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 29,721 7,909 2,837
Amortization of deferred contract acquisition costs 36,417 21,670 11,518
Non-cash operating lease costs 3,559 2,862 3,085
Stock-based compensation expense 164,466 87,889 15,912
Loss on investments, accretion of discounts, and amortization of premiums on investments, net (12,217) 0 0
Other (1,187) (456) (22)
Changes in operating assets and liabilities, net of effects of acquisition      
Accounts receivable (44,442) (59,082) (8,320)
Prepaid expenses and other current assets (14,499) (7,319) (9,438)
Deferred contract acquisition costs (61,289) (53,565) (26,934)
Accounts payable 3,670 (2,076) 7,429
Accrued liabilities 4,976 18,080 1,374
Accrued payroll and benefits (7,205) 41,462 7,758
Operating lease liabilities (5,320) (3,139) (3,261)
Deferred revenue 92,496 115,142 49,065
Other liabilities (3,755) 6,136 0
Net cash used in operating activities (193,287) (95,588) (66,570)
CASH FLOW FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (4,953) (3,653) (3,283)
Purchases of intangible assets (407) (802) (224)
Capitalization of internal-use software (13,452) (5,839) (2,758)
Purchases of investments (1,938,007) (6,000) 0
Maturities of investments 925,185 0 0
Cash paid for acquisition, net of cash acquired (281,032) (3,449) 0
Net cash used in investing activities (1,312,666) (19,743) (6,265)
CASH FLOW FROM FINANCING ACTIVITIES:      
Proceeds from issuance of Series E redeemable convertible preferred stock, net of issuance costs 0 0 152,539
Proceeds from issuance of Series F redeemable convertible preferred stock, net of issuance costs 0 0 266,774
Payments of deferred offering costs (186) (7,416) 0
Proceeds from revolving line of credit 0 0 19,857
Repayment of debt 0 (20,000) (20,000)
Proceeds from exercise of stock options 17,335 14,622 4,608
Proceeds from exercise of warrants 0 0 200
Proceeds from issuance of common stock under the employee stock purchase plan 19,159 11,356 0
Proceeds from initial public offering and private placement, net of underwriting discounts and commissions 0 1,388,562 0
Net cash provided by financing activities 36,308 1,387,124 423,978
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 0 1,146 289
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (1,469,645) 1,272,939 351,432
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–Beginning of period 1,672,051 399,112 47,680
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–End of period 202,406 1,672,051 399,112
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid 17 409 1,379
Income taxes paid, net 500 583 298
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Stock-based compensation capitalized as internal-use software 4,020 4,779 46
Property and equipment purchased but not yet paid 203 913 78
Vesting of early exercised stock options 103 575 71
Deferred offering costs accrued but not yet paid 0 186 0
Issuance of common stock and assumed equity awards in connection with acquisition 186,332 120,319 0
Conversion of redeemable convertible preferred stock to common stock upon initial public offering $ 0 $ 621,139 $ 0