XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.2
Stockholders’ Deficit (Tables)
6 Months Ended
Jul. 31, 2025
Equity [Abstract]  
Schedule of Reserved Shares of Common Stock
The Company has reserved shares of its common stock for future issuance as follows (in thousands):
July 31,January 31,
20252025
2014 Stock Option and Grant Plan:
Outstanding stock options9,129 9,570 
Outstanding restricted stock units12,530 18,039 
2024 Equity Incentive Plan:
Outstanding restricted stock units9,901 4,217 
Shares available for future issuance under the 2024 Plan61,681 57,591 
2024 Employee Stock Purchase Plan5,603 4,201 
Total shares of common stock reserved98,844 93,618 
Schedule of Stock Options Roll Forward
A summary of the stock option activity and related information is as follows:
Number of
Options
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual
Term (in years)
Aggregate
Intrinsic
Value (in
thousands)
Outstanding as of January 31, 20259,570,134 $27.80 8.2$435,133 
Granted— — 
Exercised(437,882)7.10 29,529 
Cancelled(3,647)11.73 
Outstanding as of July 31, 20259,128,605 $28.80 8.0$603,841 
Vested and exercisable as of July 31, 20253,454,279 $23.57 6.8$246,554 
Schedule of Nonvested Restricted Stock Units Activity
A summary of the RSU activity and related information is as follows:
Number of
RSUs
Weighted-Average
Grant Date Fair Value
Unvested as of January 31, 202522,215,749 $31.30 
Granted6,801,117 61.91 
Vested(5,246,077)27.57 
Forfeited(1,398,941)33.34 
Unvested as of July 31, 202522,371,848 41.35 
Vested and not yet released59,059 35.77 
Outstanding as of July 31, 202522,430,907 $41.34 
Schedule of the Assumptions Used in Estimating Fair Value of ESPP
The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option-pricing model with the following assumptions:
Three and Six Months Ended July 31,
20252024
Expected term (in years)
0.5 - 2.0
0.4 - 1.9
Expected volatility
59.0% - 64.7%
56.6% - 71.7%
Risk-free interest rate
3.9% - 4.3%
4.8% - 5.4%
Dividend yield
Schedule of Stock-Based Compensation Expense
Total stock-based compensation expense included in the Company’s unaudited condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended July 31,Six Months Ended July 31,
2025202420252024
Cost of revenue
Subscription$4,143 $5,481 $8,111 $40,674 
Maintenance77 284 158 2,743 
Other631 1,281 1,407 12,528 
Research and development24,734 28,325 44,546 252,474 
Sales and marketing29,638 34,255 53,782 274,143 
General and administrative29,234 35,392 53,993 152,786 
Total stock-based compensation expense$88,457 $105,018 $161,997 $735,348