Leases

3 Months Ended

Apr. 30, 2026

7. Leases

There were no material lease agreements entered into, or modified, during the three months ended April 30, 2026. The operating lease expense was approximately $0.9 million and $0.9 million for the three months ended April 30, 2026 and 2025, respectively. The Company's short-term leases and finance leases were not material as of April 30, 2026 and January 31, 2026, respectively.

Supplemental cash flow information related to the operating leases is as follows:


	Three Months Ended April 30,
	2026		2025
	(in thousands)
Cash paid for operating leases included in operating cash flows	$	409	$	971
Operating lease assets obtained in exchange for lease obligations	$	—	$	66

As of April 30, 2026, the weighted average remaining lease term is 6.95 years, and the weighted average discount rate is 8.12 percent. Future minimum lease payments for the lease liabilities are as follows:


	As of
	April 30, 2026
Fiscal Year	(in thousands)
2027 (9 months remaining)	$	2,592
2028		2,674
2029		1,896
2030		1,952
2031		2,003
Thereafter		6,681
Total future annual minimum lease payments		17,798
Less: interest		(4,527	)
Total lease liabilities	$	13,271