v3.26.1
Business Combinations (Tables)
 3 Months Ended
Apr. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisition Date Fair Value of Purchase Consideration
The acquisition date fair value of the preliminary purchase consideration was $595.8 million, which was comprised of the following (in thousands):

Estimated Fair Value
Cash(1)
$285,729 
Common stock(2)
285,348 
Fair value of Previously Held Observe Equity Interest(3)
22,768 
Settlement of preexisting relationships(4)
1,952 
Total$595,797 
________________
(1)Net of $4.5 million in unsettled post-closing adjustments as of April 30, 2026.
(2)Approximately 1.5 million shares of the Company’s common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $190.68 per share on the acquisition date.
(3)The amount was determined based on the closing market price of $190.68 per share on the acquisition date.
(4)The amount represents the effective settlement of outstanding receivables from Observe. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:

Estimated Fair Value
(in thousands)
Estimated Weighted-Average Useful Life
(in years)
Cash, cash equivalents, and restricted cash
$37,818 
Accounts receivable27,690 
Developed technology intangible asset
190,000 5
Customer relationships intangible asset
35,000 5
Order backlog intangible asset
10,000 2
Brand intangible asset10,000 5
Operating lease right-of-use assets
12,392 
Deferred revenue
(44,373)
Operating lease liabilities
(12,124)
Other net tangible liabilities
(6,862)
Deferred tax liabilities, net(1)
(6,562)
Total identifiable net assets252,979 
Goodwill
342,818 
Total purchase consideration
$595,797 
________________
(1) Deferred tax liabilities, net primarily relate to the intangible assets acquired and the amount presented is net of deferred tax assets.
Schedule of Pro Forma Information
The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Observe, as if Observe had been acquired as of February 1, 2025 (in thousands):

Pro Forma
Three Months Ended April 30,
20262025
(unaudited)
Revenue$1,390,951 $1,048,388 
Net loss$(299,985)$(482,641)