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Net Loss Per Share
 6 Months Ended
Jul. 31, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share
Note 11 – Net Loss Per Share
The Company computes net loss per share of common stock in conformity with the two-class method required for participating securities and multiple classes of common stock. Prior to the automatic conversion of all of the Company's redeemable convertible preferred stock outstanding into Class B common stock upon the completion of the IPO, the Company considered all series of its redeemable convertible preferred stock to be participating securities as the holders of the redeemable convertible preferred stock were entitled to receive a non-cumulative dividend on a pari passu basis in the event that a dividend is paid on the common stock. Under the two-class method, the net loss attributable to common stockholders was not allocated to the redeemable convertible preferred stock as the preferred stockholders did not have a contractual obligation to share in the Company’s losses.
Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including redeemable convertible preferred stock, issued and outstanding common stock options, unvested RSUs issued and outstanding, and ESPP, to the extent they are dilutive.
The rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net loss per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both individual and combined basis.
The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts):
Three Months Ended July 31,
20242023
Class AClass BClass AClass B
Numerator:
Net loss$(55,630)$(121,300)$— $(81,121)
Denominator:
Weighted-average common stock shares used in computing net loss per share, basic and diluted56,548 123,303 — 54,896 
Weighted-average founders stock shares used in computing net loss per share, basic and diluted— — — 5,400 
Net loss per common stock share, basic and diluted$(0.98)$(0.98)$— $(1.35)
Net loss per founders stock share, basic and diluted$— $— $— $(1.35)
Six Months Ended July 31,
20242023
Class AClass BClass AClass B
Numerator:
Net loss$(218,941)$(690,080)$— $(170,394)
Denominator:
Weighted-average common stock shares used in computing net loss per share, basic and diluted29,495 92,965 — 54,721 
Weighted-average founders stock shares used in computing net loss per share, basic and diluted— — — 5,400 
Net loss per common stock share, basic and diluted$(7.42)$(7.42)$— $(2.83)
Net loss per founders stock share, basic and diluted$— $— $— $(2.83)
The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because the impact of including them would have been antidilutive (in thousands):
Three Months Ended July 31,Six Months Ended July 31,
2024202320242023
Redeemable convertible preferred stock— 74,183 — 74,183 
Issued and outstanding common stock options10,486 3,408 10,486 3,408 
Unvested RSUs issued and outstanding26,081 47,650 26,081 47,650 
Total36,567 125,241 36,567 125,241