v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Cash flows from operating activities:    
Net income $ 72,087 $ 33,760
Adjustments to reconcile net income provided by operating activities:    
Depreciation and amortization 30,369 24,506
Amortization of deferred contract acquisition and fulfillment costs 66,482 54,212
Amortization of debt discount and transaction costs 138 138
Non-cash operating lease costs 4,660 4,878
Stock-based compensation expense 145,596 142,504
Deferred income taxes (3,465) 1,477
Other 1,723 1,472
Changes in operating assets and liabilities:    
Accounts receivable 121,003 130,639
Prepaid expenses and other current assets (28,551) (17,061)
Deferred contract acquisition and fulfillment costs (56,648) (63,072)
Other assets 844 1,917
Accounts payable (6,764) (1,163)
Accrued expenses and other liabilities 4,625 (3,480)
Accrued compensation (61,451) (45,048)
Contract liabilities (34,240) (4,973)
Operating lease liabilities (4,969) (5,880)
Net cash provided by operating activities 251,439 254,826
Cash flows from investing activities:    
Purchases of marketable securities (92,563) (119,638)
Maturities of marketable securities 91,262 82,114
Purchases of strategic and other investments 0 (500)
Purchases of property and equipment (23,624) (22,753)
Net cash used in investing activities (24,925) (60,777)
Cash flows from financing activities:    
Repurchases of common stock (183,431) (149,062)
Payment of tax withholding obligation on net RSU settlement and ESPP purchase (62,793) (41,637)
Proceeds from exercise of stock options 699 635
Proceeds from employee stock purchase plan 22,010 20,190
Net cash used in financing activities (223,515) (169,874)
Effect of foreign exchange on cash, cash equivalents and restricted cash 9,923 (2,915)
Net increase in cash, cash equivalents and restricted cash 12,922 21,260
Cash, cash equivalents and restricted cash at beginning of period [1] 659,554 801,499
Cash, cash equivalents and restricted cash at end of period [1] $ 672,476 $ 822,759
[1] $15.1 million and $10.9 million of restricted cash was included in Prepaid expenses and other current assets and Other assets—noncurrent as of April 30, 2025 and January 31, 2025. $5.4 million and $4.4 million of restricted cash was included in Prepaid expenses and other current assets and in Other assets—noncurrent as of April 30, 2024 and January 31, 2024.