Net Income Per Share

3 Months Ended

Apr. 30, 2024

Earnings Per Share [Abstract]

Net Income Per Share

Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented:

	Three Months Ended April 30,
	2024				2023
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:
Net income, basic	$	184,070	$	32,238	$	13,004	$	2,440
Reallocation of net income	(1,292)		1,292		(135)		135
Net income, diluted	$	182,778	$	33,530	$	12,869	$	2,575
Denominator:
Weighted-average shares used in computing net income per share, basic	262,693,481		46,007,101		248,731,065		46,678,142
Weighted-average shares used in computing net income per share, diluted	266,476,843		48,883,835		253,394,377		50,721,536
Net income per share, basic	$	0.70	$	0.70	$	0.05	$	0.05
Net income per share, diluted	$	0.69	$	0.69	$	0.05	$	0.05

The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows:

	Three Months Ended April 30,
	2024		2023
	Class A	Class B	Class A	Class B
Unvested RSUs	10,342,542	—	10,884,907	—
Purchase rights committed under the ESPP	1,040,285	—	2,068,828	—
Outstanding stock options	102,354	—	124,051	—
Total	11,485,181	—	13,077,786	—

The table above does not include 405,156 shares of issued Class A common stock held by us as of April 30, 2024 and 2023 that are reserved for the sole purpose of being transferred to nonprofit organizations.