Operating Leases

12 Months Ended

Jan. 31, 2026

Leases [Abstract]

Operating Leases

Operating Leases

We entered into various operating lease agreements for office space, with remaining contractual periods of up to five years. Many of our leases contain one or more options to extend. As leases approach maturity, we consider various factors such as market conditions and the terms of any renewal options that may exist to determine whether we are reasonably certain to exercise the options to extend the lease. Operating lease expense for the fiscal years ended January 31, 2026, 2025 and 2024 was $27.0 million, $26.7 million and $24.9 million, respectively, excluding short-term lease costs, variable lease costs, and sublease income, each of which was immaterial for the fiscal years ended January 31, 2026, 2025 and 2024.

Supplemental balance sheet information related to operating leases was as follows:

	As of January 31,
	2026			2025
	(in thousands, except life and percentages)
Reported as:
Assets:
Operating lease right-of-use assets	$	52,423		$	55,900
Liabilities:
Accrued expenses and other current liabilities	$	27,765		$	27,026
Operating lease liabilities, noncurrent	30,710			37,406
Total operating lease liabilities	$	58,475		$	64,432
Weighted average remaining lease term	2.7 years			3.3 years
Weighted average discount rate	4.8		%	4.4		%

Supplemental cash flow and other information related to operating leases was as follows:

	Year Ended January 31,
	2026		2025		2024
	(in thousands)
Cash payments included in the measurement of our operating lease liabilities	$	30,403	$	31,197	$	26,471
Operating lease right-of-use assets recognized in exchange for new operating lease obligations	$	22,111	$	21,760	$	—

As of January 31, 2026, the future minimum lease payments included in the measurement of our operating lease liabilities are as follows:

	As of January 31, 2026
	(in thousands)
Year Ending January 31,
2027	$	26,585
2028	20,504
2029	10,799
2030	3,633
2031	798
Thereafter	—
Total operating lease payments	$	62,319
Less: imputed interest	(3,844)
Total operating lease liabilities	$	58,475