Restructuring

12 Months Ended

Jan. 31, 2025

Restructuring Charges [Abstract]

Restructuring

RESTRUCTURING

In June 2023, we announced a restructuring plan (Plan) as a result of a review of current strategic priorities, resource allocation, and cost reduction intended to reduce operating costs, improve operating margins and continue advancing our ongoing commitment to profitable growth. The Plan includes a reduction of our workforce by approximately 5%, or approximately 100 full-time employees. We incurred approximately $7.4 million in charges in connection with the Plan in fiscal 2024, consisting of $5.4 million in charges related to severance payments and employee benefits, $2.4 million of impairment charges related to excess facilities, $0.7 million related to inventory write-offs, offset partially by $1.1 million in savings related to the reversal of certain stock-based compensation expense. Note that the charges related to inventory write-offs were recognized as cost of revenue and not

restructuring operating expenses in our consolidated financial statements of operations. These costs were paid as of January 31, 2025. The actions associated with the Plan were substantially completed as of the end of fiscal 2025.