Business Combinations (Tables)

3 Months Ended

Apr. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Consideration Transferred

The fair value of consideration transferred for Hearsay as of the acquisition date consisted of the following:

(in thousands)
Cash consideration and liabilities incurred	$	132,462
Contingent consideration(1)	39,800
Fair value of outstanding employee awards assumed	7,825
Other transaction related payments(2)	640
Total consideration transferred	$	180,727

(1)    Inclusive of $0.3 million measurement period adjustment recorded during the three months ended April 30, 2025.

(2)    Inclusive of post-closing adjustments of less than $0.1 million.

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The key inputs as of the acquisition date are outlined below:

Volatility	15%
Revenue beta	0.35
Expected timing of payment	FY 2026 - FY 2027
Discount rate	5.90% - 6.20%

The key inputs as of April 30, 2026 are outlined below:

Volatility	12.6%
Revenue beta	0.28
Expected timing of payment	FY 2027
Discount rate	8.96% - 8.99%

A rollforward of the fair value of the contingent consideration liability for the three months ended April 30, 2026 is as follows:

(in thousands)
Balance as of January 31, 2026	$	8,200
Change in fair value	210
Payments made in the period	(1,410)
Balance as of April 30, 2026	$	7,000

Schedule of Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the purchase price allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date:

(amounts in thousands)
Assets acquired:
Cash and cash equivalents	$	26,362
Accounts receivable, net	5,619
Prepaid expenses and other current assets	2,454
Property and equipment, net	399
Operating lease right-of-use assets	414
Other long term assets(1)	5,942
Liabilities assumed:
Accounts payable, accrued expenses, and other current liabilities	(5,127)
Operating lease liabilities, current	(74)
Unearned revenue, current	(37,672)
Operating lease liabilities, non-current	(340)
Other long term liabilities(1)(2)	(11,340)
Identifiable intangible assets acquired(3)	101,850
Net assets acquired	$	88,487
Goodwill	$	92,240
Total consideration(4)(5)	$	180,727

(1)    Other long term assets includes a $5.9 million indemnification asset, with the underlying indemnified liability of $6.2 million recorded within other long term liabilities.

(2)    Included within other long term liabilities is a deferred tax liability of $3.6 million.

(3)    Inclusive of measurement period adjustments of $0.7 million recorded during the three months ended April 30, 2025.

(4)    Inclusive of post-closing adjustments of less than $0.1 million.

(5)    Inclusive of measurement period adjustments of $0.3 million related to contingent consideration recorded during the three months ended April 30, 2025.

Schedule of Amounts Allocated to Intangible Assets Identified and Estimated Useful Lives

The following table sets forth the amounts allocated to the intangible assets identified and their estimated useful lives as of the acquisition date:

Identifiable Intangible Assets Acquired	Fair Value (In thousands)		Estimated Useful Life (In years)	Classification of Amortization
Customer relationships	$	76,200	13	Sales and marketing
Technology	24,800		3	Cost of revenue
Trademark	850		3	Sales and marketing
Total	$	101,850