On May 6, 2025, the Company announced a strategic plan (the “Strategic Plan”) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goals. The Strategic Plan resulted in a reduction of roles representing approximately 500 positions, or 5%, of the Company’s global workforce.

The actions associated with the Strategic Plan were substantially completed as of April 30, 2026.

The following table summarizes the activities related to the Strategic Plan for the three months ended April 30, 2026 (in thousands):


	Three Months Ended April 30, 2026
	Severance and Related Costs		Non-Employee Costs		Total
Liability, beginning of the period	$	30	$	36	$	66

Payments	(24)		—		(24)

Liability, end of the period	$	6	$	36	$	42

As of April 30, 2026, the liability associated with the Strategic Plan is included in accrued payroll and benefits and accounts payable on the condensed consolidated balance sheet.