v3.25.2
Net Income (Loss) Per Share Attributable to Common Stockholders
 6 Months Ended
Jul. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders Net Income (Loss) Per Share Attributable to Common Stockholders
The Company computes basic net income (loss) per share using the weighted average number of common shares outstanding. The Company computes diluted net income (loss) per share using the weighted average number of common shares outstanding plus the effect of potentially dilutive shares using the treasury stock method or the if-converted method depending on the arrangement.
The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common stockholders:
Three months ended July 31,Six months ended July 31,
(in thousands, except share and per share data)2025202420252024
Basic net income (loss) per share:
Numerator:
Net income (loss) attributable to common stockholders$26,751 $(4,057)$27,521 $(7,874)
Denominator:
Weighted-average common shares outstanding, basic122,854,629126,535,481124,229,932125,967,631
Net income (loss) per share:
Net income (loss) per share attributable to common stockholders, basic $0.22 $(0.03)$0.22 $(0.06)
Diluted net income (loss) per share:
Numerator:
Net income (loss) $26,751 $(4,057)$27,521 $(7,874)
Fair value adjustment related to contingent consideration(23,400)— (21,600)— 
Net income (loss), diluted$3,351 $(4,057)$5,921 $(7,874)
Denominator:
Number of shares used in basic calculation 122,854,629126,535,481124,229,932125,967,631
Dilutive effect of employee share-based awards5,380,873 — 4,810,421 — 
Dilutive effect of incentive pool1,129,194 — 1,254,875 — 
Dilutive effect of earnout arrangement1,436,112 — 718,056 — 
Weighted-average common shares outstanding, diluted130,800,808126,535,481131,013,284125,967,631
Net income (loss) per share attributable to common stockholders, diluted$0.03 $(0.03)$0.05 $(0.06)
Since the Company was in a net loss position for the three and six months ended July 31, 2024, net loss per share attributable to common stockholders was the same on a basic and diluted basis, as the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Anti-dilutive common equivalent shares were as follows:
Three months ended July 31,Six months ended July 31,
2025202420252024
Options to purchase common stock181,750 1,753,179 507,946 1,753,179 
Restricted stock and restricted stock units3,400,013 10,833,317 2,818,227 10,833,317 
Shares estimated to be purchased under ESPP— 373,424 — 373,424 
Performance-based restricted stock units2,995,000 3,530,000 2,862,500 3,530,000 
Total anti-dilutive common equivalent shares6,576,763 16,489,920 6,188,673 16,489,920 
The earnout arrangement and incentive pool entered into in connection with the acquisition of Hearsay represent liability-classified arrangements that may be settled in cash or shares at the Company's election. Diluted net income per share includes the effect of the potential share settlement associated with these arrangements when such effects are dilutive. See Note 4 "Business Combinations" for additional information related to the earnout and incentive pool.