Equity (Tables)

12 Months Ended

Jan. 31, 2026

Equity [Abstract]

Schedule of Stock Reserved For Future Issuance

The Company had shares of common stock reserved for future issuance as follows (in thousands):

	January 31, 2026	January 31, 2025
Class A and Class B common stock
Options issued and outstanding	4,011	5,896
Shares available for issuance under Equity Incentive Plans	36,335	31,852
RSUs and PSUs issued and outstanding	8,757	8,743
Shares reserved for issuance to charitable organizations	1,019	1,183
ESPP	7,778	6,554
Total	57,900	54,228

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The awards available for grant under the above Plans for the periods presented were as follows (in thousands):

	January 31, 2026	January 31, 2025
Available at beginning of period	31,852	24,868
Awards authorized	8,217	7,878
RSUs and PSUs granted	(6,974)	(5,794)
RSUs and PSUs canceled and forfeited	3,198	4,781
Options canceled and forfeited	41	119
Options repurchased	1	—
Available at end of period	36,335	31,852

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	(1,844)	11.82
Options canceled	(15)	11.83
Options forfeited	(26)	18.45
Balances at January 31, 2026	4,011	$	15.38	4.27	$	78.6
Options vested at January 31, 2026	3,909	$	15.32	4.25	$	76.9
Options vested and expected to vest at January 31, 2026	4,011	$	15.38	4.27	$	78.6

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	6,682	44.38
Vested	(3,647)	49.10
Canceled/forfeited	(2,789)	48.30
Balances at January 31, 2026	8,505	$	47.15

Schedule of Estimating the Fair Value of the ESPP

The following table summarizes assumptions used in estimating the fair value of the ESPP for the offering period in effect using the Black-Scholes option-pricing model:

	Fiscal Year Ended January 31,
	2026	2025	2024
Risk-free interest rate	3.48% - 4.22%	4.08% - 5.25%	4.22% - 5.30%
Volatility	52.80% - 58.43%	46.03% - 60.50%	40.95% - 65.56%
Expected term (in years)	0.50 - 2.00	0.50 - 2.00	0.50 - 2.00
Dividend yield	—%	—%	—%

Schedule of Share Based Compensation Expense

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

	Fiscal Year Ended January 31,
	2026		2025		2024
Cost of revenue	$	10,313	$	7,922	$	6,400
Sales and marketing	78,967		72,954		68,766
Research and development	63,754		58,312		50,804
General and administrative	61,917		46,711		37,079
Stock-based compensation expense, net of amounts capitalized	214,951		185,899		163,049
Capitalized stock-based compensation	566		—		—
Total stock-based compensation expense (1)	$	215,517	$	185,899	$	163,049

(1) The table above includes stock-based compensation of JiHu. Refer to “Note 11. Joint Venture and Equity Method Investment” for further discussion.