v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Current assets:    
Cash and cash equivalents $ 583,516 $ 157,672
Restricted cash, current 79,647 148,157
Short-term investments 156,994 0
Accounts receivable, net 215,941 184,856
Corporate card receivables, net 206,182 157,755
Contract acquisition costs, current 9,466 4,784
Prepaid expenses and other current assets 55,241 35,628
Total current assets 1,306,987 688,852
Restricted cash, non-current 4,911 4,766
Contract acquisition costs, non-current 29,177 16,185
Operating lease right-of-use assets 43,430 48,006
Property, equipment, and software, net 35,028 29,538
Intangible assets, net 19,274 55,633
Goodwill 241,309 219,728
Other non-current assets 28,645 21,246
Total assets 1,708,761 1,083,954
Current liabilities:    
Accounts payable 65,939 42,829
Accrued expenses and other current liabilities 197,253 136,798
Notes payable, current 584 175,913
Trade loan facility 0 45,000
Operating lease liabilities, current 11,973 11,389
Deferred revenue, current 45,187 34,097
Total current liabilities 320,936 446,026
Operating lease liabilities, non-current 37,587 43,098
Convertible notes 0 182,394
Embedded derivative liability 0 59,820
Notes payable, non-current 37 394
Deferred revenue, non-current 0 813
Other non-current liabilities 17,966 22,949
Total liabilities 500,700 969,732
Commitments and contingencies (Note 13)
Redeemable convertible preferred stock, par value $0.00000625: No shares authorized, issued, and outstanding as of January 31, 2026. 157,027,585 shares authorized, 146,360,207 shares issued and outstanding as of January 31, 2025 (aggregate liquidation preference of $1,301,402) 0 1,301,121
Stockholders’ equity (deficit)    
Preferred stock, par value $0.00000625 per share: 20,000,000 shares authorized, no shares issued and outstanding as of January 31, 2026. No shares authorized, issued, and outstanding as of January 31, 2025 0 0
Additional paid-in capital 3,226,427 467,835
Accumulated deficit (2,015,143) (1,617,113)
Accumulated other comprehensive loss (3,225) (37,622)
Total stockholders’ equity (deficit) 1,208,061 (1,186,899)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) 1,708,761 1,083,954
Class A common stock    
Stockholders’ equity (deficit)    
Common stock, value, issued 2 1
Class B common stock    
Stockholders’ equity (deficit)    
Common stock, value, issued 0 0
ABL facility    
Current liabilities:    
Long-term line of credit, noncurrent 6,000 0
Warehouse credit facility    
Current liabilities:    
Long-term line of credit, noncurrent $ 118,174 $ 214,238