Acquisitions

6 Months Ended

Jul. 31, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

Acquisitions

Asset Acquisition

Security Savvy Ltd

On September 15, 2025, the Company acquired certain assets of Security Savvy Ltd, a third-party security platform that helps organizations manage identity-related risks associated with their software as a service ("SaaS") applications, for $18.4 million, which included $0.5 million in direct transaction costs that were capitalized as a component of the consideration transferred. The transaction was accounted for as an asset acquisition and substantially all of the acquired assets consisted of developed technology. The purchase price includes a holdback amount of $1.8 million to be paid 12 months from the date of closing subject to the resolution of certain indemnities. The purchase price also includes a contingent consideration of $0.2 million, which was paid and fully settled on November 21, 2025. The purchase price consideration was primarily allocated to a developed technology intangible asset with a useful life of six years.

Business Combinations

Entro

On June 29, 2026, the Company completed the acquisition of 100% of the outstanding equity interests of Entro Security Ltd. and its wholly owned subsidiary, Entro Security Inc. (collectively, "Entro"), for total purchase consideration of approximately $122.6 million in cash. In connection with the acquisition, the Company committed to issue up to $7.3 million in restricted stock to certain key employees and former shareholders of Entro who became employees. Because the issuance and vesting of these awards is contingent upon the recipients' continued employment with the Company, this arrangement is excluded from the consideration transferred and is recognized as post-combination compensation expense. The arrangement consists of three annual tranches of restricted stock valued at approximately $2.4 million each, to be granted and issued at closing and on the first and second anniversaries of the acquisition date, with each tranche vesting quarterly over a one-year service period. Entro is a cloud-based platform that secures non-human identities, machine secrets, and artificial intelligence ("AI") agents across enterprise environments, extending the Company's Identity Security Cloud product suite. The Company allocated the preliminary consideration transferred, subject to working capital adjustments and provisional income taxes, to intangible assets of $15.8 million for developed technology, with an estimated useful life of four years, $5.0 million for customer relationships intangible, with a useful life of seven years, and $0.4 million for tradename and trademark with a useful life of two years, preliminary goodwill of $98.7 million, and net assets of $2.7 million. The goodwill arising from the acquisition is deductible for tax purposes.

Imprivata

On December 13, 2024, the Company acquired the Identity Governance and Administration business of Imprivata, a digital identity company for life- and mission-critical industries that is majority owned by Thoma Bravo, for aggregate consideration of $16.4 million, which includes contingent consideration that was settled in August 2025. The Company recorded intangible assets of $1.6 million for developed technology, with an estimated useful life of 3 years and a $8.2 million for customer relationships intangible, with a useful life of 4 years, goodwill of $9.3 million and net liabilities of $2.7 million. The goodwill arising from the acquisition is deductible for tax purposes.

Double Zero

On April 9, 2024, the Company acquired all of the outstanding stock of Double Zero Security, Inc. (“Double Zero”), a third-party provider of digital-identity threat detection and response for secure enterprise access. The aggregate consideration transferred in connection with this acquisition was $5.4 million, net of cash acquired. The Company recorded intangible assets of $1.4 million for developed technology, with an estimated useful life of 6 years. The Company recorded goodwill of $3.6 million, and net assets of $0.4 million.

Additional Business Combination Related Information

The operating results of the acquired companies are included in the Company’s condensed consolidated statements of operations from the respective dates of acquisition. Pro forma results of operations have not been presented because the effects of these acquisitions, individually and in the aggregate, were not material to the Company’s condensed consolidated statements of operations. Unless otherwise noted above, goodwill arising from these acquisitions is not deductible for tax purposes.

The measurement period for the valuation of assets acquired and liabilities assumed ends as soon as information on the facts and circumstances that existed as of the applicable acquisition date becomes available but does not exceed 12 months from

the acquisition date. The measurement periods have closed for the acquisitions of Imprivata and Double Zero as of July 31, 2026.