Leases

12 Months Ended

Jan. 31, 2026

The Company’s lease portfolio consists solely of office space with lease terms ranging from approximately one to ten years. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.

The components of lease cost reflected on the consolidated statements of operations were as follows (in thousands):


	Fiscal Years Ended January 31,
	2026		2025		2024
Operating lease cost	$	18,702	$	18,884	$	17,619
Variable lease cost	4,081		2,646		3,098
Short-term lease cost	1,159		710		439
Total net lease cost	$	23,942	$	22,240	$	21,156

The future maturities of the Company’s operating lease liabilities by fiscal year are as follows (in thousands):


	Amount
2027	$	19,334
2028	16,673
2029	14,363
2030	14,057
2031	13,368
Thereafter	27,737
Total future undiscounted lease payments	105,532
Less imputed interest	(22,878)
Total reported lease liability	$	82,654

The Company's lease terms and discount rates are as follows:


	January 31,
	2026		2025
Weighted-average remaining lease term (years)	6.4		7.2
Weighted-average discount rate	7.5	%	7.3	%

Other information for the Company's leases is as follows (in thousands):


	Fiscal Years Ended January 31,
	2026		2025		2024
Cash paid for amounts included in the measurement of lease liabilities	$	20,068	$	16,873	$	13,404
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$	6,529	$	8,713	$	47,834