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Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Components of Stock-based Compensation Expense
The components of stock-based compensation expense recognized in the consolidated statements of operations consisted of the following (in thousands):
Year Ended January 31,
20252024
Cost of revenue$22,105 $17,187 
Research and development83,957 61,055 
Sales and marketing80,496 55,798 
General and administrative80,973 83,890 
Restructuring
— (1,060)
Total$267,531 $216,870 
Nonvested Restricted Stock Shares Activity
A summary of our RSU activity is as follows:
Number of RSUsWeighted-Average Grant Date Fair Value
Outstanding as of January 31, 2024
26,079,887 $20.29 
Granted15,907,285 23.50 
Released(9,363,521)21.53 
Forfeited(5,265,823)20.96 
Outstanding as of January 31, 2025
27,357,828 $21.60 
Share-based Payment Arrangement, Option, Activity
A summary of our stock option activity is as follows:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2024
21,159,850 $5.63 6.25$447,989 
Assumed options from PingSafe acquisition
214,976 0.25 
Exercised(7,881,544)4.24 
Forfeited(328,539)8.18 
Outstanding as of January 31, 2025
13,164,743 $6.31 5.02$232,240 
Expected to vest as of January 31, 2025
13,164,743 $6.31 5.02$232,240 
Vested and exercisable as of January 31, 2025
10,352,575 $5.50 4.69$190,993 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The following table summarizes the assumptions used in estimating the fair value of employee stock purchase rights using the Black-Scholes option pricing model for the periods presented:
Year Ended January 31,
20252024
Expected term (in years)
0.5
0.5
Expected volatility
48% - 55%
55% - 85%
Risk-free interest rate
4.2% - 5.3%
5.2% - 5.5%
Dividend yield— %— %
Schedule of PSU Activity
A summary of our PSU activity is as follows:
Number of PSUsWeighted-Average Grant Date Fair Value
Outstanding as of January 31, 2024
1,326,570 $15.97 
Granted256,674 22.25 
Released(6,860)23.07 
Forfeited or cancelled(1,342,704)16.04 
Outstanding as of January 31, 2025
233,680 $22.27