v3.26.1
Operating Leases
3 Months Ended
Apr. 30, 2026
Leases [Abstract]  
Operating Leases

Note 6: Operating Leases

The Company leases its headquarters located in Sunnyvale, California, as well as office space and data center facilities in several locations under non-cancelable operating lease agreements, with expiration dates through fiscal 2033.

Supplemental balance sheet information related to leases was as follows (in thousands):

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

 

April 30,
2026

 

January 31,
2026

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

 

 

 

 

 

 

$

13,904

 

$

14,198

   Total leased assets

 

 

 

 

 

 

 

$

13,904

 

$

14,198

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Short-term operating lease liabilities

 

 

 

 

 

 

 

$

4,353

 

$

4,284

Long-term operating lease liabilities

 

 

 

 

 

 

 

 

10,630

 

 

10,988

   Total lease liabilities

 

 

 

 

 

 

 

$

14,983

 

$

15,272

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term

 

 

 

 

 

 

 

 

4.3 years

 

 

4.5 years

Weighted-average discount rate

 

 

 

 

 

 

 

 

6.4%

 

 

6.4%

Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the consolidated balance sheet. Short-term operating lease liabilities are presented within accrued expenses and other current liabilities.

The Company incurred total lease costs in its condensed consolidated statements of operations of $1.9 million and $1.7 million for the three months ended April 30, 2026 and 2025, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Three Months Ended

 

 

April 30,
2026

 

April 30,
2025

Cash payments for operating leases

 

$

1,104

 

$

934

Right-of-use assets recognized in exchange for new operating lease obligations

 

$

575

 

$

343

As of April 30, 2026, maturities of operating lease liabilities were as follows (in thousands):

Fiscal Years Ending January 31,

 

 

 

 

 

 

 

 

 

 

April 30, 2026

2027

 

 

 

 

 

 

 

 

 

 

$

3,345

2028

 

 

 

 

 

 

 

 

 

 

 

4,549

2029

 

 

 

 

 

 

 

 

 

 

 

4,107

2030

 

 

 

 

 

 

 

 

 

 

 

1,582

2031

 

 

 

 

 

 

 

 

 

 

 

1,196

Thereafter

 

 

 

 

 

 

 

 

 

 

 

2,209

Total future minimum lease payments

 

 

 

 

 

 

 

 

 

 

 

16,988

Less: imputed interest

 

 

 

 

 

 

 

 

 

 

 

(2,005)

      Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

$

14,983