RESTRUCTURING

12 Months Ended

Jan. 31, 2026

Restructuring Charges [Abstract]

RESTRUCTURING

RESTRUCTURING

During fiscal 2026 and 2024, we initiated restructuring plans in June 2023, March 2025, and July 2025. These Plans resulted from reviews of strategic priorities, resource allocation, and cost reduction efforts intended to reduce operating costs, improve operating margins, and continue advancing our commitment to profitable growth.

Fiscal 2026

In July 2025, we initiated a subsequent restructuring plan (July 2025 Plan). During fiscal 2026, we incurred restructuring charges of $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. These costs were substantially paid as of January 31, 2026, and the actions associated with the July 2025 Plan were substantially completed as of that date.

In March 2025, we executed a restructuring plan (March 2025 Plan) and incurred approximately $5.2 million in charges for fiscal 2026. These charges 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 January 31, 2026, and the actions associated with the March 2025 Plan were completed as of July 31, 2025.

Fiscal 2024

In June 2023, we initiated a restructuring plan (June 2023 Plan) and incurred approximately $7.4 million in total charges during fiscal 2024. These charges consisted 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, and the actions associated with the Plan were completed as of that date.