The Company accounted for JiHu as a variable interest entity and consolidated the entity in accordance with ASC Topic 810, Consolidation. As of April 30, 2026 and 2025, the Company retained control over JiHu with its equity stake at approximately 54% for each period presented.

JiHu maintains employee stock option plans for its employees (the "JiHu ESOPs"). Compensation costs related to these awards are recognized on a graded attribution method, as the grants include a performance condition.

During the three months ended April 30, 2026 and 2025, the Company recorded $0.9 million stock-based compensation expense and net gain of $0.2 million, respectively.

As of April 30, 2026, approximately $2.0 million of total unrecognized compensation cost was related to the JiHu ESOPs that is expected to be recognized over a weighted-average period of 2.1 years.


	Three Months Ended April 30,
	2026		2025

Revenue	$	2,537	$	1,885
Cost of revenue	529		524
Gross profit	2,008		1,361
Operating expenses:
Sales and marketing	1,507		1,472
Research and development	601		(381)
General and administrative	1,315		1,288
Total operating expenses	3,423		2,379
Loss from operations	(1,415)		(1,018)
Interest income	107		165
Other income (expense), net	(13)		26
Net loss before income taxes	(1,321)		(827)
Provision for income taxes	1		1
Net loss	$	(1,322)	$	(828)

Net loss attributable to noncontrolling interest	$	(607)	$	(383)


	April 30, 2026		January 31, 2026

Cash and cash equivalents	$	4,970	$	37,179
Short Term Investments	32,611		—
Property and equipment, net	287		465

Other assets	2,769		3,342
Total assets	$	40,637	$	40,986

Total liabilities	$	6,591	$	7,086