v3.26.1
STOCKHOLDERS’ EQUITY (DEFICIT)
 12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
STOCKHOLDERS’ EQUITY (DEFICIT) STOCKHOLDERS’ EQUITY (DEFICIT)
Redeemable Convertible Preferred Stock
Immediately prior to the completion of the Company’s IPO, all of the Company’s then-outstanding shares of redeemable convertible preferred stock were automatically converted into 146,599,125 shares of voting common stock and, in connection with the IPO, all shares of voting common stock underlying the redeemable convertible preferred stock were reclassified into an equivalent number of shares of Class A common stock.
In connection with the Company’s IPO, the restated certificate became effective, which authorized the issuance of 20,000,000 shares of preferred stock with a par value of $0.00000625 per share with rights and preferences, including voting rights, designated from time to time by the Board of Directors.
The following tables summarize the Company’s outstanding redeemable convertible preferred stock (collectively, the “Preferred Stock”, as of January 31, 2025 and prior to the completion of the Company’s IPO, (in thousands, except price per share amounts and share data):
As of January 31, 2025
Shares
Authorized		Shares Issued and OutstandingOriginal Issuance Price Per ShareLiquidation
Amount		Carrying Value
Series Seed16,934,856 16,934,839 $0.25 $4,181 $4,729 
Series A20,382,688 20,382,673 $0.50 10,125 10,288 
Series A-121,353,147 21,353,143 $0.59 12,500 12,670 
Series B27,505,170 27,465,006 $1.87 51,225 51,153 
Series C21,158,278 19,770,427 $7.21 142,454 142,398 
Series C-11,387,848 1,387,848 $7.21 10,000 9,996 
Series D12,592,724 12,592,720 $22.23 279,917 279,676 
Series E13,859,852 13,859,845 $26.12 362,000 361,700 
Series F8,501,429 8,501,424 $32.35 275,000 274,827 
Series G8,010,956 2,670,319 $37.45 100,000 99,794 
Series G-15,340,637 1,441,963 $37.45 54,000 53,890 
157,027,585 146,360,207 $1,301,402 $1,301,121 
As of January 31, 2026, there were no shares of redeemable convertible preferred stock issued and outstanding.
Common Stock
In connection with the IPO, the Company adopted an amended and restated certificate of incorporation and amended and restated bylaws, which became effective immediately prior to the completion of the IPO and authorized 2,070,000,000 shares of capital stock, consisting of: (a) 2,050,000,000 shares of Common Stock divided into two series with (i) 2,000,000,000 shares of the Common Stock being a series designated as Class A common stock and (ii) 50,000,000 shares of the Common Stock being a series designated as Class B common stock; and (b) 20,000,000 shares of undesignated preferred stock. In addition, all outstanding shares of the Company’s redeemable convertible preferred stock automatically converted into 146,599,125 shares of Class A common stock.
The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion rights. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock is entitled to 30 votes per share and is convertible into one share of Class A common stock.
The holders of both Class A and Class B common stock are entitled to receive dividends pro rata, on an equal priority, pari passu basis whenever funds are legally available therefore and when, as, and if declared by the Board of Directors.
Common stock reserved for issuance as of January 31, 2026 and 2025 are summarized as follows:
As of January 31,
20262025
Redeemable convertible preferred stock— 146,360,207 
Stock options issued and outstanding39,283,485 40,971,097 
RSUs issued and outstanding9,311,201 4,653,847 
Shares of common stock available for future grants37,811,841 5,486,445 
Redeemable convertible preferred stock warrants— 40,160 
Total common stock reserved for issuance86,406,527 197,511,756