Equity (Tables)

3 Months Ended

Apr. 30, 2026

The following table summarizes options activity under the Plans, and related information:


	Number of Stock Options Outstanding (in thousands)	Weighted Average Exercise Price		Weighted Average Remaining Years	Aggregate Intrinsic value (in millions)






























Balances at January 31, 2026	4,011	$	15.38	4.27	$	78.6
Options exercised	(178)	13.35
Options canceled	(12)	23.19

Balances at April 30, 2026	3,821	$	15.45	4.04	$	25.9

Options vested at April 30, 2026	3,796	$	15.44	4.03	$	25.8
Options vested and expected to vest at April 30, 2026	3,821	$	15.45	4.04	$	25.9

The following table summarizes the Company’s RSU activity:


	Number of Shares (in thousands)	Weighted- Average grant date fair value















Balances at January 31, 2026	8,505	$	47.15
Granted	3,600	22.78
Vested	(963)	48.47

Canceled/forfeited	(668)	46.80
Balances at April 30, 2026	10,474	$	38.68

The Company recognized stock-based compensation expense as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Cost of revenue	$	2,864	$	1,929
Sales and marketing	17,445		22,091
Research and development	13,630		14,272
General and administrative	16,122		17,535


Total stock-based compensation expense (1)	$	50,061	$	55,827

(1) The table above includes stock-based compensation of JiHu. Refer to “Note 10. Joint Venture” for further discussion.