Leases

3 Months Ended

Apr. 30, 2026

Operating Leases

The Company leases its facilities and a portion of its equipment under various non-cancelable agreements, which expire at various times through December 2034, some of which include options to extend for up to one year.

The components of lease expense were as follows:


	Three Months Ended April 30,
	2025		2026
Operating lease expense	$	1,410	$	1,126
Variable lease expense	642		356
Short-term lease expense	52		32
Sublease income	(87)		—
Total lease expense	$	2,017	$	1,514

Supplemental cash flow information related to operating leases were as follows:


	Three Months Ended April 30,
	2025		2026
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,584	$	1,231
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	—		195

The weighted-average remaining lease term and weighted-average discount rate for the Company’s operating lease liabilities as of April 30, 2026 were 6.95 years and 6.8%, respectively.

Future minimum lease payments as of April 30, 2026 were as follows:


	Operating Leases
Fiscal 2027 (remaining nine months)	$	3,470
Fiscal 2028	2,544
Fiscal 2029	1,821
Fiscal 2030	1,328
Fiscal 2031	440
Thereafter	6,766
Total lease liabilities	16,369
Less: imputed interest	(3,364)
Total lease obligations	13,005
Less: current obligations	(4,204)
Long-term lease obligations	$	8,801

At April 30, 2026, the Company committed $1.2 million for a lease signed but not yet commenced. This lease, which is expected commence within the next twelve months, has a term of five years.