v3.25.2
Operating Leases
6 Months Ended
Jul. 31, 2025
Leases [Abstract]  
Operating Leases

Note 6: Operating Leases

The Company leases its headquarters located in Sunnyvale, California, as well as office space and data center facilities in several locations under non-cancelable operating lease agreements, with expiration dates through fiscal 2033.

Supplemental balance sheet information related to leases was as follows (in thousands):

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

 

July 31,
2025

 

January 31,
2025

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

 

 

 

 

 

 

$

14,788

 

$

15,311

   Total leased assets

 

 

 

 

 

 

 

$

14,788

 

$

15,311

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Short-term operating lease liabilities

 

 

 

 

 

 

 

$

4,074

 

$

3,713

Long-term operating lease liabilities

 

 

 

 

 

 

 

 

11,588

 

 

12,234

   Total lease liabilities

 

 

 

 

 

 

 

$

15,662

 

$

15,947

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term

 

 

 

 

 

 

 

 

4.8 years

 

 

5.2 years

Weighted-average discount rate

 

 

 

 

 

 

 

 

6.4%

 

 

6.3%

Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the consolidated balance sheet. Short-term operating lease liabilities are presented within accrued expenses and other current liabilities.

The Company incurred total lease costs in its condensed consolidated statements of operations of $1.8 million and $1.6 million for the three months ended July 31, 2025 and 2024, respectively, and $3.5 million and $3.2 million for the six months ended July 31, 2025 and 2024, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 31,
2025

 

July 31,
2024

 

July 31,
2025

 

July 31,
2024

Cash payments for operating leases

 

$

955

 

$

958

 

$

1,889

 

$

1,909

Right-of-use assets recognized in exchange for new operating lease obligations

 

$

761

 

$

 

$

1,104

 

$

310

As of July 31, 2025, maturities of operating lease liabilities were as follows (in thousands):

Fiscal Years Ending January 31,

 

 

 

 

 

 

 

 

 

 

July 31, 2025

2026 remainder

 

 

 

 

 

 

 

 

 

 

$

1,988

2027

 

 

 

 

 

 

 

 

 

 

 

4,405

2028

 

 

 

 

 

 

 

 

 

 

 

4,222

2029

 

 

 

 

 

 

 

 

 

 

 

3,025

2030

 

 

 

 

 

 

 

 

 

 

 

1,522

Thereafter

 

 

 

 

 

 

 

 

 

 

 

3,390

Total future minimum lease payments

 

 

 

 

 

 

 

 

 

 

 

18,552

Less: imputed interest

 

 

 

 

 

 

 

 

 

 

 

(2,890)

      Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

$

15,662