v3.23.1
Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity The following table is a summary of stock option activity for the three months ended April 30, 2023:
Number of
Shares		Weighted-Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20232,869 $8.52 
Exercised(376)$7.04 
Canceled(3)$13.97 
Options outstanding at April 30, 20232,490 $8.74 
Options vested and expected to vest at April 30, 20232,490 $8.74 
Options exercisable at April 30, 20232,216 $8.41 
Share-Based Payment Arrangement, Restricted Stock Unit, Performance Stock Unit, and Special Performance Stock Unit Award, Activity
The following table is a summary of RSUs, PSUs and the Special PSU Awards activities for the three months ended April 30, 2023:
Number of
Shares		Weighted-
Average Grant
Date Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 202310,050 $158.08 
Granted2,694 $131.05 
Released(934)$135.06 
Performance adjustment (1)
155 $211.22 
Forfeited(636)$164.05 
RSUs and PSUs outstanding at April 30, 202311,329 $155.09 
RSUs and PSUs ending vested and expected to vest at April 30, 2023 11,247 $154.55 
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(1)The performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance-based awards, the achievement of which was based upon pre-defined financial performance targets.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine fair value of the Company’s common shares to be issued under the ESPP for the offering periods beginning in June 2020:
Three Months Ended April 30,
20232022
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
Risk-free interest rate
0.2% - 4.7%
0.1% - 0.7%
Expected stock price volatility
50.2% - 61.2%
39.6% - 55.9%
Dividend yield— %— %
Schedule of Stock-Based Compensation Expense Stock-based compensation expense included in the condensed consolidated statements of operations is as follows (in thousands):
Three Months Ended April 30,
20232022
Subscription cost of revenue$8,966 $6,578 
Professional services cost of revenue4,630 3,001 
Sales and marketing35,739 26,710 
Research and development44,381 34,036 
General and administrative37,140 32,169 
Total stock-based compensation expense$130,856 $102,494