Net Income (Loss) Per Share Attributable to Common Stockholders

12 Months Ended

Jan. 31, 2026

Net Income (Loss) Per Share Attributable to Common Stockholders

The Company computes basic net income (loss) per share using the weighted average number of common shares outstanding. The Company computes diluted net income (loss) per share using the weighted average number of common shares outstanding plus the effect of potentially dilutive shares using the treasury stock method or the if-converted method depending on the arrangement.

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders:


	Fiscal year ended January 31,
(in thousands, except share and per share data)	2026		2025		2024
Basic net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders	$	37,871	$	(27,948)	$	(2,630)
Denominator:
Weighted-average common shares outstanding, basic	123,563,958		126,850,809		124,056,949
Net income (loss) per share attributable to common stockholders, basic	$	0.31	$	(0.22)	$	(0.02)

Diluted net income (loss) per share:
Numerator:
Net income (loss)	$	37,871	$	(27,948)	$	(2,630)
Fair value adjustment related to contingent consideration	(28,600)		—		—
Net income (loss), diluted	$	9,271	$	(27,948)	$	(2,630)
Denominator:
Number of shares used in basic calculation	123,563,958		126,850,809		124,056,949
Dilutive effect of employee stock-based awards	4,462,689		—		—
Dilutive effect of incentive pool	666,445		—		—
Dilutive effect of earnout arrangement	1,219,790		—		—
Weighted-average common shares outstanding, diluted	129,912,882		126,850,809		124,056,949
Net income (loss) per share attributable to common stockholders, diluted	$	0.07	$	(0.22)	$	(0.02)

Since the Company was in a net loss position for the fiscal years ended January 31, 2025 and 2024, net loss per share attributable to common stockholders was the same on a basic and diluted basis in those periods, as the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Anti-dilutive common equivalent shares were as follows:


	As of January 31,
	2026	2025	2024
Options to purchase common stock	317,348	1,566,134	2,021,494
Restricted stock and restricted stock units	1,619,400	10,315,199	9,790,748
Shares estimated to be purchased under ESPP	—	366,055	487,529
Performance-based restricted stock units	2,431,250	3,495,000	3,555,000
Total anti-dilutive common equivalent shares	4,367,998	15,742,388	15,854,771

The earnout arrangement and incentive pool entered into in connection with the acquisition of Hearsay represent liability-classified arrangements that may be settled in cash or shares at the Company's election. Diluted net income per share includes the effect of the potential share settlement associated with these arrangements when such effects are dilutive, for the period the arrangements were outstanding. See Note 4 "Business Combinations" for additional information related to the earnout and incentive pool.