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LEASES
12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
LEASES LEASES
Our operating leases primarily include leases for office space in various locations around the world under non-cancellable operating lease arrangements that expire at various dates through fiscal year 2033. Certain leases contain escalation clauses and renewal options. Generally, our leases have no purchase options, residual value guarantees or material covenants. Our leases require us to pay certain operating expenses, such as taxes, repairs and insurance.
The components of lease cost include fixed payments on our operating leases, fixed payments on our short-term leases and variable lease payments. Variable lease payments consist of common area maintenance, utilities reimbursed to the landlord, taxes and other costs and are expensed as incurred. The components of lease cost were as follows (in thousands):
Year Ended January 31,
202620252024
Operating lease costs$17,994 $15,047 $15,393 
Short-term lease costs2,006 3,234 6,467 
Variable lease costs2,020 2,139 1,853 
Total lease costs$22,020 $20,420 $23,713 
Supplemental cash flow information related to leases was as follows (in thousands):
Year Ended January 31,
202620252024
Cash paid for amounts included in the measurement of operating lease liabilities$18,121 $12,864 $15,518 
Operating lease right-of-use assets obtained in exchange for lease obligations$5,560 $9,773 $22,507 
Increase (decrease) of lease liabilities due to lease modifications$812 $2,240 $(2,745)
Increase (decrease) of right-of-use assets due to lease modifications$812 $3,032 $(2,745)
Termination of operating lease liabilities$168 $909 $321 
Termination of operating lease right-of-use assets$164 $806 $284 
During the year ended January 31, 2024, we agreed to an early termination of our office lease in Dallas, Texas and paid an aggregate of $5.5 million in early termination fees. The early termination is treated as a lease modification in the supplemental cash flow information included in the above table.
Supplemental disclosure information related to leases was as follows:
 As of January 31,
20262025
Weighted-average remaining lease term for operating leases4.5 years5.4 years
Weighted-average discount rate10.8 %11.1 %
Maturities of lease liabilities as of January 31, 2026 were as follows (in thousands):
Year Ended January 31,Amount
2027$16,467 
202815,048 
20299,934 
20307,831 
20317,306 
Thereafter6,076 
Total lease payments62,662 
Less: imputed interest(13,102)
Present value of lease liabilities$49,560