Leases

6 Months Ended

Jul. 31, 2025

Leases [Abstract]

Leases

Note 7 – Leases

The Company has operating leases for its offices and data centers. Balance sheet information related to operating leases was as follows (in thousands):

	July 31,		January 31,
Reported as:	2025		2025
Other assets, noncurrent (operating lease ROU assets)	$	36,206	$	25,906
Accrued expenses and other current liabilities (operating lease liabilities, current)	12,423		10,087
Other liabilities, noncurrent (operating lease liabilities, noncurrent)	26,857		18,382
Total operating lease liabilities	$	39,280	$	28,469

The Company had operating lease costs of $3.9 million and $3.0 million for the three months ended July 31, 2025 and 2024, respectively, and $7.3 million and $5.9 million for the six months ended July 31, 2025 and 2024, respectively.

Supplemental cash flow information and non-cash activity related to the Company’s operating leases were as follows (in thousands):

	Six Months Ended July 31,
	2025		2024
Cash paid for amounts included in measurement of operating lease liabilities	$	6,470	$	6,103
ROU assets obtained in exchange of lease liabilities for new operating leases	$	16,440	$	2,335

Supplemental information related to the remaining lease term and discount rate were as follows:

	July 31,	January 31,
	2025	2025
Weighted-average remaining lease term	3.3 years	3.0 years
Weighted-average discount rate	6.0%	5.5%

The following table summarizes the maturity of the Company’s operating lease liabilities as of July 31, 2025 (in thousands):

Fiscal year	Operating Leases
Remainder of 2026	$	7,349
2027	13,813
2028	12,155
2029	5,074
2030	3,924
Thereafter	1,461
Total operating lease payments	43,776
Less: imputed interest	(4,496)
Total operating lease liabilities	$	39,280