v3.26.1
Leases
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases Leases
The Company leases its office facilities under non-cancellable operating leases with various lease terms. The Company also leases certain office equipment under operating lease agreements. As of January 31, 2026, non-cancellable leases expire on various dates between fiscal years 2027 and 2030.
Generally, the Company's non-cancellable leases include renewal options to extend the lease term from one to five years. The Company has not included any renewal options in its lease terms as these options are not reasonably certain of being exercised. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of January 31, 2026 and 2025, lease balances were as follows:
January 31,
20262025
(in thousands)
Operating leases
Operating lease right-of-use assets$11,450 $14,680 
Operating lease liabilities, current4,901 4,636 
Operating lease liabilities, noncurrent10,677 15,267 
Total operating lease liabilities$15,578 $19,903 
The Company recognizes operating lease costs on a straight-line basis over the lease period. Lease expense for the years ended January 31, 2026, 2025, and 2024 was $5.0 million, $5.1 million, and $6.0 million, respectively. Operating lease costs for short-term leases and variable lease costs were not material during the years ended January 31, 2026, 2025 and 2024.
In September 2023, January 2024 and September 2024, the Company implemented reorganizations which included restructuring charges related to a decision to exit and sublease or cease use of certain facilities to align with the Company’s plan to reduce its operating expense and increase efficiencies. Refer to Note 14, Restructuring, in the notes to the consolidated financial statements in this Annual Report for more information.
Future payments of operating lease liabilities under the Company’s non-cancellable operating leases as of January 31, 2026 were as follows:
(in thousands)
Years Ending January 31,
2027$5,831 
20284,910 
20294,298 
20302,517 
Total undiscounted operating lease payments17,556 
Less: imputed interest(1,978)
Total operating lease liabilities15,578 
Less: current portion of operating lease liabilities(4,901)
Operating lease liabilities, noncurrent
$10,677 
Other supplemental information as of January 31, 2026 and 2025 was as follows:
January 31,
20262025
Lease Term and Discount Rate
Weighted-average remaining operating lease term (years)3.34.2
Weighted-average operating lease discount rate7.5%7.4%
Other supplemental cash flow information for the years ended January 31, 2026, 2025 and 2024 was as follows:
Year ended January 31,
202620252024
(in thousands)
Supplemental Cash Flow Information
Cash paid for amounts in the measurement of operating lease liabilities$5,919 $5,670 $6,760 
As of January 31, 2026, the Company has no additional operating leases that have not yet commenced and as such, have not yet been recognized on the Company’s consolidated balance sheets.