v3.26.1
Stockholders’ Equity and Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Schedule of Share Repurchase Activity Under Share Repurchase Program
The following table summarizes the stock repurchase activity under the Company’s stock repurchase programs (in thousands, except share and per share data):
Three Months Ended April 30,
20252026
Total number of shares repurchased1,829,113 6,124,046 
Average price per share(1)
$22.17 $15.20 
Aggregate purchase price(1)
$40,551 $93,107 
(1) Excludes transaction costs and excise tax associated with the repurchases.
Schedule of Stock Option Activity
Stock option activity for the three months ended April 30, 2026 was as follows:
Number of
Shares		Weighted
Average
Exercise Price
Outstanding, January 31, 2026480,641 $8.06 
Expired or forfeited(1,000)14.71 
Exercised(67,557)7.10 
Outstanding, April 30, 2026412,084 $8.20 
Exercisable, April 30, 2026412,084 $8.20 
Fully vested or expected to vest, April 30, 2026412,084 $8.20 
Schedule of Nonvested Restricted Stock Units Activity
RSU activity during the three months ended April 30, 2026 was as follows:
Number of
Shares		Weighted Average
Grant Date Fair
Value
Nonvested, January 31, 20266,425,128 $28.01 
Granted351,006 20.58 
Vested(946,220)32.61 
Forfeited(250,711)28.72 
Nonvested, April 30, 20265,579,203 $26.55 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair value of ESPP shares during the three months ended April 30, 2025 and 2026 was estimated at the date of grant using the Black-Scholes option valuation model based on assumptions as follows for ESPP awards:
Three Months Ended April 30,
20252026
Expected life (in years)0.500.50
Expected volatility
40.74%
39.41%
Expected dividends0.00%0.00%
Risk-free interest rate
4.25%
3.58%
Schedule of Share-Based Compensation Expense
Total stock-based compensation expense included in our unaudited condensed consolidated statements of operations were as follows:
Three Months Ended April 30,
20252026
Cost of subscription revenues$664 $655 
Cost of professional services and other revenues2,754 2,624 
Sales and marketing2,928 3,161 
Research and development4,115 3,069 
General and administrative5,353 4,395 
Total stock-based compensation expense$15,814 $13,904