| Net Income (Loss) Per Share The following table sets forth the computation of basic and diluted net income (loss) per share for the periods presented (in thousands except per share amounts): | | | | | | | | | | | | | Three Months Ended April 30, | | 2026 | | 2025 | Numerator:(1) | | | | Net income (loss) | $ | 22,525 | | | $ | (22,555) | | Denominator:(1) | | | | Weighted-average shares used in computing net income (loss) per share, basic | 523,584 | | | 548,451 | | Dilutive potential common shares from outstanding equity awards | 4,234 | | | — | | Weighted-average shares used in computing net income (loss) per share, diluted | 527,818 | | | 548,451 | | Net income (loss) per share, basic | $ | 0.04 | | | $ | (0.04) | | Net income (loss) per share, diluted | $ | 0.04 | | | $ | (0.04) | | | (1) Amounts presented under Class A and Class B columns in prior periods have been combined to conform with current year presentation |
Anti-dilutive common stock equivalents excluded from the computation of diluted net income (loss) per share were as follows (in thousands): | | | | | | | | | | | | | Three Months Ended April 30, | | 2026 | | 2025 | | Unvested RSUs | 10,798 | | | 25,881 | | | Outstanding stock options | 2,330 | | | 8,830 | | | Shares issuable under ESPP | — | | | 1,043 | | Unvested PSUs | — | | | 205 | | | Returnable shares issued in connection with business acquisition | — | | | 136 | | | | | | | Total | 13,128 | | | 36,095 | |
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