The following table presents the calculation of basic and diluted net income (loss) per share. Net income (loss) is reported in millions and rounded from amounts in thousands; as a result, net income (loss) per share may not recalculate exactly due to rounding.


	Year Ended January 31,
	2026				2025					2024
	Class A		Class B			Class A		Class B			Class A		Class B
	(dollars in millions, shares in thousands, except per share data)
Basic net income (loss) per share:
Numerator:
Net income (loss), basic	$	224	$	11		$	27	$	1		$	(339)	$	(16)
Denominator:
Weighted-average shares outstanding, basic	168,079		7,803			162,082		7,487			156,335		7,299
Net income (loss) per share, basic	$	1.33	$	1.33		$	0.16	$	0.16		$	(2.17)	$	(2.17)

Diluted net income (loss) per share:
Numerator:
Net income (loss)	$	224	$	11		$	27	$	1		$	(339)	$	(16)
Interest and other(1)	—		—			(17)		(1)			—		—
Reallocation of net income as a result of assumed conversion of Class B to Class A common shares	11		—			—		—			—		—
Net income (loss), diluted	$	235	$	11		$	10	$	—		$	(339)	$	(16)
Denominator:
Number of shares used in basic calculation	168,079		7,803			162,082		7,487			156,335		7,299
Weighted-average effect of diluted securities related to:
Employee share-based awards	2,036		476			1,832		2,942			—		—
Convertible senior notes	896		—			743		—			—		—
Assumed conversion of Class B to Class A common shares	8,279		—			10,429		—			—		—
Number of shares used in diluted calculation	179,290		8,279			175,086		10,429			156,335		7,299
Net income (loss) per share, diluted	$	1.31	$	1.31		$	0.06	$	0.06		$	(2.17)	$	(2.17)
(1) Under the if-converted method, net income (loss) is adjusted to reflect the assumption that the convertible senior notes were converted at the beginning of the period.