We have entered into various non-cancellable operating lease agreements for certain of our offices with lease periods expiring primarily between fiscal years 2028 and 2037. Certain of these arrangements have free or escalating rent payment provisions and optional renewal or termination clauses. Our operating leases typically include variable lease payments, which are primarily comprised of common area maintenance and utility charges for our offices, that are determined based on actual consumption. Our operating lease agreements do not contain any residual value guarantees, covenants, or other restrictions.

We sublease certain floors of our Redwood City and London offices. Our current subleases have total lease terms ranging from 24 to 39 months that will expire at various dates by fiscal year 2029.

The components of lease cost, which were included in operating expenses in our condensed consolidated statements of operations, were as follows (in thousands):


	Three Months Ended
	April 30,
	2026			2025
Operating lease cost, gross	$	6,949		$	6,847
Variable lease cost, gross		2,147			1,760
Sublease income		(634	)		(1,514	)
Total lease cost	$	8,462		$	7,093

As of April 30, 2026, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):


Years ending January 31:	Operating Leases (1)
Remainder of 2027	$	29,251
2028		32,195
2029		19,012
2030		9,558
2031		8,538
Thereafter		33,274
Total minimum lease payments	$	131,828
Less: imputed interest		(19,754	)
Present value of total lease liabilities	$	112,074

(1)

Non-cancellable sublease proceeds for the remainder of the fiscal year ending January 31, 2027 and the fiscal years ending January 31, 2028 and 2029 of $4.2 million, $5.1 million, and $1.8 million, respectively, are not included in the table above.