Equity Incentive Plans and Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Option Activity Under Stock Plans

Stock option activity during fiscal year 2025 was as follows:

	Options Outstanding
	Stock Options (in thousands)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Balance as of January 31, 2024	11,080	$	3.49	7.8	$	216,010
Granted	2,738	$	0.10
Exercised	(4,002)	$	2.01
Forfeited	(1,881)	$	13.91
Expired	—	$	—
Balance as of January 31, 2025	7,935	$	0.60	7.5	$	108,138
Vested and exercisable as of January 31, 2025	3,017	$	1.39	5.8	$	38,695

Schedule of Fair Value Assumptions for Stock Options

Fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Year Ended January 31,
	2025	2024	2023
Expected term (years)	5.7	5.9	5.9
Expected volatility	64.2%	65.2%	60.6%
Risk-free interest rate	4.2%	3.6%	3.5%
Expected dividend yield	0.0%	0.0%	0.0%

Schedule of RSU Activity

RSU activity during fiscal year 2025 was as follows:

	RSUs (in thousands)	Weighted-Average Grant Date Fair Value Per Share
Unvested as of January 31, 2024	31,272	$	19.89
Granted	17,704	$	17.50
Vested	(15,359)	$	20.90
Forfeited	(11,168)	$	18.89
Unvested as of January 31, 2025	22,449	$	17.81

Schedule of Fair Value Assumptions for ESPP Shares

The fair value of ESPP awards was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

	Year Ended January 31,
	2025	2024	2023
Expected term (years)	0.5	0.5	0.5
Expected volatility	63.0%	67.4%	69.0%
Risk-free interest rate	5.15%	5.02%	1.86%
Expected dividend yield	0.0%	0.0%	0.0%

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense is classified in the consolidated statements of operations as follows (in thousands):

	Year Ended January 31,
	2025		2024		2023
Cost of subscription services revenue	$	19,401	$	14,750	$	11,894
Cost of professional services and other revenue	11,386		10,958		11,855
Sales and marketing	134,646		144,863		154,922
Research and development	132,757		117,965		102,546
General and administrative	59,961		83,419		88,623
Total	$	358,151	$	371,955	$	369,840