Equity (Tables)

9 Months Ended

Oct. 31, 2025

Equity [Abstract]

Share-based Payment Arrangement, Option, Activity

The following table summarizes options activity under the Plans, and related information:

	Number of Stock Options Outstanding (in thousands)	Weighted Average Exercise Price		Weighted Average Remaining Years	Aggregate Intrinsic value (in millions)
Balances at January 31, 2025	5,896	$	14.27	5.41	$	344.8
Options exercised	(1,235)	12.53
Options canceled	(15)	11.83
Options forfeited	(26)	18.45
Balances at October 31, 2025	4,620	$	14.72	4.12	$	157.2
Options vested at October 31, 2025	4,440	$	14.60	4.06	$	151.6
Options vested and expected to vest at October 31, 2025	4,620	$	14.72	4.12	$	157.2

Schedule of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity:

	Number of Shares (in thousands)	Weighted- Average grant date fair value
Balances at January 31, 2025	8,259	$	50.64
Granted	5,472	45.24
Vested	(2,701)	49.41
Canceled/forfeited	(2,168)	47.99
Balances at October 31, 2025	8,862	$	48.32

Schedule of Share Based Compensation Expense

The Company recognized stock-based compensation expense as follows (in thousands):

	Three Months Ended October 31,				Nine Months Ended October 31,
	2025		2024		2025		2024
Cost of revenue	$	2,300	$	1,993	$	6,490	$	5,924
Sales and marketing	17,354		17,012		59,395		54,290
Research and development	15,560		14,384		49,029		42,834
General and administrative	16,468		14,653		46,879		36,215
Stock-based compensation expense, net of amounts capitalized	51,682		48,042		161,793		139,263
Capitalized stock-based compensation	367		—		367		—
Total stock-based compensation expense (1)	$	52,049	$	48,042	$	162,160	$	139,263

(1) The table above includes stock-based compensation of JiHu. Refer to “Note 10. Joint Venture” for further discussion.