Equity Incentive Plans (Tables)
|
3 Months Ended |
Apr. 30, 2025 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock-based Compensation Expense |
The stock-based compensation expense by line item in the unaudited condensed consolidated statements of operations is summarized as follows (in thousands):
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Three Months Ended April 30, |
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2025 |
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|
2024 |
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|
Option and RSU
Grants |
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|
Co-Founder RSUs |
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|
Total |
|
|
Option, RSU, and RSA Grants |
|
Platform cost of revenue |
|
$ |
1,224 |
|
|
$ |
— |
|
|
$ |
1,224 |
|
|
$ |
1,079 |
|
Professional services and other cost of revenue |
|
|
1,218 |
|
|
|
— |
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|
|
1,218 |
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|
|
822 |
|
Sales and marketing |
|
|
5,152 |
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|
|
— |
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|
|
5,152 |
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|
3,468 |
|
Research and development |
|
|
11,010 |
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|
|
— |
|
|
|
11,010 |
|
|
|
7,456 |
|
General and administrative |
|
|
12,074 |
|
|
|
13,071 |
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|
|
25,145 |
|
|
|
7,114 |
|
Total stock-based compensation expense |
|
$ |
30,678 |
|
|
$ |
13,071 |
|
|
$ |
43,749 |
|
|
$ |
19,939 |
|
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| Schedule of Restricted Stock Units Activity |
RSUs subject to service-only vesting condition requirements consisted of the following:
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Restricted
Stock
Units |
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Weighted
Average
Grant Date
Fair Value
Per Share |
|
Unvested as of January 31, 2025 |
|
|
4,142,583 |
|
|
$ |
66.31 |
|
Granted |
|
|
279,167 |
|
|
$ |
100.89 |
|
Released |
|
|
(480,328 |
) |
|
$ |
67.28 |
|
Forfeited |
|
|
(150,906 |
) |
|
$ |
63.72 |
|
Unvested as of April 30, 2025 |
|
|
3,790,516 |
|
|
$ |
67.61 |
|
|
| Schedule of Restricted Stock Units Activity with Performance or Market Vesting Conditions |
RSUs with Performance Conditions or Market Conditions RSU activity for awards with performance or market vesting conditions consisted of the following:
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Restricted
Stock
Units |
|
|
Weighted
Average
Grant Date
Fair Value
Per Share |
|
Unvested as of January 31, 2025 |
|
|
7,934,292 |
|
|
$ |
44.03 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
Released |
|
|
(5,106 |
) |
|
$ |
62.90 |
|
Forfeited |
|
|
(4,000 |
) |
|
$ |
21.18 |
|
Unvested as of April 30, 2025 |
|
|
7,925,186 |
|
|
$ |
44.03 |
|
|
| Stock Options with Service-Only Conditions |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock Option Activity or Market Vesting Conditions |
Activity for stock options that contain service only vesting conditions was as follows:
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Weighted |
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Average |
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Weighted |
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|
Remaining |
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Average |
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Contractual |
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Number of |
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|
Exercise |
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|
Life |
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|
Options |
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|
Price |
|
|
(years) |
|
Outstanding as of January 31, 2025 |
|
|
5,806,607 |
|
|
$ |
14.67 |
|
|
|
5.10 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
Exercised |
|
|
(107,288 |
) |
|
$ |
10.94 |
|
|
|
|
Cancelled/Forfeited |
|
|
(7,421 |
) |
|
$ |
28.08 |
|
|
|
|
Outstanding as of April 30, 2025 |
|
|
5,691,898 |
|
|
$ |
14.73 |
|
|
|
4.87 |
|
Exercisable as of April 30, 2025 |
|
|
5,528,006 |
|
|
$ |
14.66 |
|
|
|
4.84 |
|
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| Stock Options with Performance and Market Conditions |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Schedule of Stock Option Activity or Market Vesting Conditions |
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Weighted |
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Average |
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Weighted |
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|
Remaining |
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|
|
|
Average |
|
|
Contractual |
|
|
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
|
Options |
|
|
Price |
|
|
(years) |
|
Outstanding as of January 31, 2025 |
|
|
800,248 |
|
|
$ |
13.64 |
|
|
|
5.92 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
Exercised |
|
|
— |
|
|
$ |
— |
|
|
|
|
Cancelled/Forfeited |
|
|
— |
|
|
$ |
— |
|
|
|
|
Outstanding as of April 30, 2025 |
|
|
800,248 |
|
|
$ |
13.64 |
|
|
|
5.68 |
|
|