RESTRUCTURING

9 Months Ended

Oct. 31, 2025

Restructuring Charges [Abstract]

RESTRUCTURING

RESTRUCTURING

In March 2025, we executed a restructuring plan (March 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. We incurred approximately $5.2 million in charges in connection with the March Plan for the nine months ended October 31, 2025, which primarily consists of $3.0 million in charges related to severance payments and employee benefits and $2.2 million of asset impairment charges related to facilities. These costs were substantially paid as of October 31, 2025 and the actions associated with the March Plan were completed as of July 31, 2025.

In July 2025, we initiated a subsequent restructuring plan (July Plan). For the three months ended October 31, 2025, we incurred restructuring charges of $3.2 million, which consisted of $3.7 million in severance payments and employee benefits, partially offset by $0.5 million in savings related to the reversal of stock-based compensation expense. For the nine months ended October 31, 2025, total charges incurred under this plan were $7.1 million, which included $3.9 million related to contract terminations and $3.7 million for severance payments and employee benefits, partially offset by $0.5 million in savings related to the reversal of stock-based compensation expense. As of October 31, 2025, $6.1 million of the total charges had been paid and the remaining $1.5 million was recorded within accrued payroll and benefit in the condensed consolidated balance sheets. This remaining amount is expected to be mostly paid by the end of fiscal 2026.