NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

6 Months Ended

Jul. 31, 2026

NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Basic and diluted net loss per share attributable to common stockholders is computed in conformity with the two-class method required for participating securities. Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potentially dilutive common stock equivalents to the extent they are dilutive. For purposes of this calculation, stock options, restricted common stock, RSUs, PSUs, and shares purchased pursuant to our ESPP are considered to be common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive for all periods presented.

The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the

resulting basic and diluted net loss per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis.

Basic and diluted net loss per share attributable to common stockholders was as follows (in thousands, except share and per share data):


	Three Months Ended July 31,				Six Months Ended July 31,
	2026		2025		2026		2025
Numerator:
Net loss attributable to Class A and Class B common stockholders	$	(93,400)	$	(72,019)	$	(169,564)	$	(280,212)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	341,527,623		330,938,421		339,301,479		329,481,933
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.27)	$	(0.22)	$	(0.50)	$	(0.85)

The following potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders because their inclusion would have been anti-dilutive:


	As of July 31,
	2026	2025
RSUs and PSUs	48,761,653	36,818,157
Stock options	8,468,542	9,932,559
Restricted common stock	2,364,021	873,373
ESPP	875,677	923,325


Total	60,469,893	48,547,414