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Common Stock and Stockholders' Equity (Deficit) (Tables)
 12 Months Ended
Jan. 31, 2023
Class Of Stock [Line Items]  
Schedule of Reserved Shares of Common Stock for Future Issuance
The Company reserved shares of common stock for future issuance as follows (in thousands):
As of January 31,
20232022
Options outstanding9,31512,381
Restricted stock units outstanding11,58810,406
Remaining shares available for future issuance under the 2021 Plan21,46617,561
2021 Employee Stock Purchase Plan3,0081,900
Total45,37742,248
Schedule of Stock Option Activity
The following table summarizes stock option activity for the 2021 Plan (number of options outstanding and aggregate intrinsic value are in thousands):
Options Outstanding
Number of Options Outstanding
(in thousands)
Weighted- Average Exercise
Price
Weighted- Average Remaining
Contractual Term (in years)
Aggregate Intrinsic Value
(in thousands)
Balance as of January 31, 202212,381$1.93 5.7$798,374 
Stock options exercised(2,856)$1.74 $94,070 
Stock options cancelled/forfeited/expired(210)$4.70 
Balance as of January 31, 20239,315$1.92 4.6$281,837 
Exercisable as of January 31, 20239,065$1.72 4.6$276,190 
Schedule of RSU Activity
The Company’s summary of RSUs activity under the 2014 Plan and the 2021 Plan is as follows (shares in thousands):
Number of AwardsWeighted-Average Grant Date Fair
Value
Outstanding and unvested at January 31, 202210,406$37.46 
RSUs granted7,392$41.28 
RSUs released(4,244)$34.01 
RSUs cancelled(1,966)$41.43 
Outstanding and unvested at January 31, 202311,588$42.48 
Summary of Assumptions Used to Estimate Fair Value of Employee Stock Purchase Plan Using Black-Scholes Option Pricing Model
The fair value of the purchase rights granted under the ESPP was estimated on the date of grant using the Black-Scholes option pricing model. The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of the Company’s common shares to be issued under the ESPP for the offering periods beginning in December 2021:
Year Ended January 31,
20232022
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
Expected volatility
44.49% - 69.11%
44.49% - 54.92%
Risk-free interest rate
0.16% - 4.64%
0.16% - 0.68%
Dividend yield0%0%
Summary of Stock-Based Compensation Expense
Total stock-based compensation expense recognized in the Company’s consolidated statements of operations is as follows (in thousands):
Year Ended January 31,
202320222021
Cost of support$8,485 $8,073 $1,056 
Cost of cloud-hosted services2,761 2,482 — 
Cost of professional services and other2,555 3,367 308 
Sales and marketing58,205 64,991 11,286 
Research and development46,255 67,865 5,974 
General and administrative52,900 53,790 20,599 
Stock-based compensation expenses, net of amounts capitalized$171,161 $200,568 $39,223 
Capitalized stock-based compensation4,207 3,562 — 
Total stock-based compensation expense$175,368 $204,130 $39,223 
Schedule of Fair Value Measurement of Stock Based Awards The Company has zero grants for stock options in fiscal 2023, and the assumptions used to estimate the fair value of stock options granted for fiscal 2022 and fiscal 2021 were as follows: `
Year Ended January 31,
20222021
Fair value of common stock
$28.94 - $47.07
$16.52 - $23.37
Expected volatility
49.0% - 50.2%
50.0% - 51.4%
Expected term (in years)6.086.08
Risk-free interest rate
0.9% - 1.04%
0.5% - 0.6%
Dividend yield0%0%
Secondary Transactions  
Class Of Stock [Line Items]  
Summary of Stock-Based Compensation Expense
Total stock-based compensation expense recognized in the Company’s consolidated statements of operations for these secondary transactions is as follows (in thousands):
Year Ended January 31,
202320222021
Cost of support$— $— $650 
Cost of cloud-hosted services— — — 
Cost of professional services and other— — 210 
Sales and marketing— — 8,895 
Research and development— — 4,199 
General and administrative— — 18,097 
Stock-based compensation expense, net of amounts capitalized$— $— $32,051 
Capitalized stock-based compensation— — — 
Total stock-based compensation$— $— $32,051 
Secondary Sales  
Class Of Stock [Line Items]  
Summary of Stock-Based Compensation Expense
Total stock-based compensation expense recognized in the Company’s consolidated statements of operations exclusive of charges related to secondary sales is as follows (in thousands):
Year Ended January 31,
202320222021
Cost of support$8,485 $8,073 $406 
Cost of cloud-hosted services2,761 2,482 — 
Cost of professional services and other2,555 3,367 98 
Sales and marketing58,205 64,991 2,391 
Research and development46,255 67,865 1,775 
General and administrative52,900 53,790 2,502 
Stock-based compensation expense, net of amounts capitalized$171,161 $200,568 $7,172 
Capitalized stock-based compensation4,207 3,562 — 
Total stock-based compensation$175,368 $204,130 $7,172