Equity Incentive Plans and Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2026

Stock option activity during the three months ended April 30, 2026 was as follows:


	Stock Options (in thousands)	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2026	6,790	$	0.57	7.5	$	81,589
Granted	1,774	$	0.10
Exercised	(1,254)	$	0.28
Forfeited	(93)	$	0.14
Outstanding as of April 30, 2026	7,217	$	0.51	8.0	$	70,625

Vested and exercisable as of April 30, 2026	2,339	$	1.38	5.7	$	20,866

RSU activity during the three months ended April 30, 2026 was as follows:


	RSUs (in thousands)	Weighted-Average Grant Date Fair Value Per Share
Unvested as of January 31, 2026	19,898	$	13.56
Granted	8,695	$	12.00
Vested	(3,277)	$	14.35
Forfeited	(1,753)	$	14.04
Unvested as of April 30, 2026	23,563	$	12.84

Stock-based compensation expense is classified in the condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended April 30,
		2026		2025
Cost of subscription services revenue		$	2,268	$	3,874
Cost of professional services and other revenue		1,783		2,728
Sales and marketing		16,782		23,586
Research and development		24,741		34,595
General and administrative		7,736		11,578
Total		$	53,310	$	76,361