STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Oct. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Components of Stock-based Compensation Expense

The components of stock-based compensation expense recognized in the condensed consolidated statements of operations consisted of the following (in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Cost of revenue	$	5,810	$	4,329	$	16,243	$	12,570
Research and development	22,816		15,634		61,092		45,876
Sales and marketing	18,612		14,085		55,568		40,362
General and administrative	22,950		20,865		60,515		65,560
Restructuring	—		—		—		(1,060)
Total	$	70,188	$	54,913	$	193,418	$	163,308

Schedule of Nonvested Restricted Stock Shares Activity

A summary of our RSU activity is as follows:

	Number of RSUs	Weighted-Average Grant Date Fair Value
Outstanding as of January 31, 2024	26,079,887	$	20.29
Granted	14,045,749	23.43
Released	(6,901,621)	21.29
Forfeited	(4,107,934)	20.86
Outstanding as of October 31, 2024	29,116,081	$	21.49

Schedule of Share-Based Payment Arrangement, Performance Shares, Activity

A summary of our PSU activity is as follows:

	Number of PSUs	Weighted-Average Grant Date Fair Value
Outstanding as of January 31, 2024	1,326,570	$	15.97
Granted	256,675	22.25
Released	(5,144)	23.07
Forfeited or cancelled	(1,322,029)	15.94
Outstanding as of October 31, 2024	256,072	$	22.27

Schedule of Share-based Payment Arrangement, Option, Activity

A summary of our stock option activity is as follows:

	Number of Options	Weighted-Average Exercise Price
Outstanding as of January 31, 2024	21,159,850	$	5.63
Assumed options from PingSafe acquisition	214,976	0.25
Exercised	(5,671,299)	4.04
Forfeited	(321,832)	8.25
Outstanding as of October 31, 2024	15,381,695	6.09
Vested and expected to vest as of October 31, 2024	15,381,695	6.09
Vested and exercisable as of October 31, 2024	12,091,725	$	5.22