Net Loss Per Share

12 Months Ended

Jan. 31, 2025

Earnings Per Share [Abstract]

Net Loss Per Share

Note 12 – Net Loss Per Share

For periods in which there were Class A and Class B shares outstanding, 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):

	Year Ended January 31,
	2025				2024				2023
	Class A		Class B		Class A		Class B		Class A		Class B
Numerator:
Net loss	$	428,333	$	726,487	$	—	$	(354,158)	$	—	$	(277,746)
Denominator:
Weighted-average common stock shares used in computing net loss per share, basic and diluted	57,229		97,065		—		55,228		—		54,190
Weighted-average founders stock shares used in computing net loss per share, basic and diluted	—		—		—		5,400		—		5,400
Net loss per common stock share, basic and diluted	$	7.48	$	7.48	$	—	$	(5.84)	$	—	$	(4.66)
Net loss per founders stock share, basic and diluted	$	—	$	—	$	—	$	(5.84)	$	—	$	(4.66)

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):

	Year Ended January 31,
	2025	2024	2023
Redeemable convertible preferred stock	—	74,183	74,183
Issued and outstanding common stock options	9,570	3,185	4,098
Unvested RSUs issued and outstanding	22,216	50,174	39,710
Total	31,786	127,542	117,991