Equity Incentive Plans (Tables)
|
3 Months Ended |
Apr. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock-based Compensation Expense |
The stock-based compensation expense by line item in the unaudited condensed consolidated statements of operations is summarized as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, |
|
|
|
2026 |
|
|
|
Option and RSU
Grants |
|
|
Co-Founder RSUs |
|
|
Total |
|
Platform cost of revenue |
|
$ |
1,620 |
|
|
$ |
— |
|
|
$ |
1,620 |
|
Professional services and other cost of revenue |
|
|
1,473 |
|
|
|
— |
|
|
|
1,473 |
|
Sales and marketing |
|
|
6,276 |
|
|
|
— |
|
|
|
6,276 |
|
Research and development |
|
|
19,373 |
|
|
|
— |
|
|
|
19,373 |
|
General and administrative |
|
|
12,758 |
|
|
|
13,074 |
|
|
|
25,832 |
|
Total stock-based compensation expense |
|
$ |
41,500 |
|
|
$ |
13,074 |
|
|
$ |
54,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, |
|
|
|
2025 |
|
|
|
Option and RSU
Grants |
|
|
Co-Founder RSUs |
|
|
Total |
|
Platform cost of revenue |
|
$ |
1,224 |
|
|
$ |
— |
|
|
$ |
1,224 |
|
Professional services and other cost of revenue |
|
|
1,218 |
|
|
|
— |
|
|
|
1,218 |
|
Sales and marketing |
|
|
5,152 |
|
|
|
— |
|
|
|
5,152 |
|
Research and development |
|
|
11,010 |
|
|
|
— |
|
|
|
11,010 |
|
General and administrative |
|
|
12,074 |
|
|
|
13,071 |
|
|
|
25,145 |
|
Total stock-based compensation expense |
|
$ |
30,678 |
|
|
$ |
13,071 |
|
|
$ |
43,749 |
|
|
| Schedule of Restricted Stock Units Activity |
RSUs subject to service-only vesting condition requirements consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
Restricted
Stock
Units |
|
|
Weighted
Average
Grant Date
Fair Value
Per Share |
|
Unvested as of January 31, 2026 |
|
|
4,766,271 |
|
|
$ |
93.98 |
|
Granted |
|
|
1,042,934 |
|
|
$ |
72.08 |
|
Released |
|
|
(485,895 |
) |
|
$ |
83.49 |
|
Forfeited |
|
|
(223,146 |
) |
|
$ |
92.53 |
|
Unvested as of April 30, 2026 |
|
|
5,100,164 |
|
|
$ |
90.56 |
|
|
| Schedule of Restricted Stock Units Activity with Performance or Market Vesting Conditions |
RSU activity for awards with performance or market vesting conditions consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
Restricted
Stock
Units |
|
|
Weighted
Average
Grant Date
Fair Value
Per Share |
|
Unvested as of January 31, 2026 |
|
|
7,143,762 |
|
|
$ |
42.56 |
|
Granted |
|
|
— |
|
|
$ |
— |
|
Released |
|
|
(132,875 |
) |
|
$ |
58.97 |
|
Forfeited |
|
|
(1,146 |
) |
|
$ |
56.78 |
|
Unvested as of April 30, 2026 |
|
|
7,009,741 |
|
|
$ |
42.24 |
|
|
| Stock Options with Service-Only Conditions |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock Option Activity or Market Vesting Conditions |
Activity for stock options that contain service only vesting conditions was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
Weighted |
|
|
Remaining |
|
|
|
|
|
Average |
|
|
Contractual |
|
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Options |
|
|
Price |
|
|
(years) |
Outstanding as of January 31, 2026 |
|
|
3,764,038 |
|
|
$ |
15.29 |
|
|
4.49 |
Granted |
|
|
— |
|
|
$ |
— |
|
|
|
Exercised |
|
|
(138,200 |
) |
|
$ |
12.57 |
|
|
|
Cancelled/Forfeited |
|
|
(6,959 |
) |
|
$ |
46.40 |
|
|
|
Outstanding as of April 30, 2026 |
|
|
3,618,879 |
|
|
$ |
15.33 |
|
|
4.28 |
Exercisable as of April 30, 2026 |
|
|
3,603,915 |
|
|
$ |
15.34 |
|
|
4.28 |
|
| Stock Options with Performance and Market Conditions |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Schedule of Stock Option Activity or Market Vesting Conditions |
Stock option activity for awards with performance conditions consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
Weighted |
|
|
Remaining |
|
|
|
|
|
Average |
|
|
Contractual |
|
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Options |
|
|
Price |
|
|
(years) |
Outstanding as of January 31, 2026 |
|
|
687,797 |
|
|
$ |
13.53 |
|
|
4.97 |
Granted |
|
|
— |
|
|
$ |
— |
|
|
|
Exercised |
|
|
(30,000 |
) |
|
$ |
14.32 |
|
|
|
Cancelled/Forfeited |
|
|
— |
|
|
$ |
— |
|
|
|
Outstanding as of April 30, 2026 |
|
|
657,797 |
|
|
$ |
13.49 |
|
|
4.72 |
Exercisable as of April 30, 2026 |
|
|
348,828 |
|
|
$ |
13.80 |
|
|
4.77 |
|