v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE UNITS, STOCKHOLDERS' EQUITY AND PARTNERS' EQUITY - USD ($)
$ in Thousands
Total
Class B Units
Class A Units
Common Stock
Additional Paid in Capital
Accumulated Deficit
Accumulated Deficit
Class B Units
Accumulated Deficit
Class A Units
Beginning balance of redeemable convertible unit (in shares) at Jan. 31, 2025 495,161,000              
Beginning balance of redeemable convertible unit at Jan. 31, 2025 $ 11,196,141              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Vesting of incentive units into Class B Units (in shares)   3,049,000            
Adjustment to reflect the redemption value of the redeemable convertible units $ 253,531 $ 229,744 $ 23,787          
Effect of Corporate Conversion (in shares) (498,210,000)              
Effect of Corporate Conversion $ (11,449,672)              
Ending balance of redeemable convertible unit (in shares) at Apr. 30, 2025 0              
Ending balance of redeemable convertible unit at Apr. 30, 2025 $ 0              
Common stock, Beginning balance (in shares) at Jan. 31, 2025       0        
Stockholders' equity, beginning balance at Jan. 31, 2025 (5,588,440)     $ 0 $ 0 $ (5,588,440)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Adjustment to reflect redemption value of redeemable convertible units   $ (229,744) $ (23,787)       $ (229,744) $ (23,787)
Equity-based compensation expense 862       862      
Net loss prior to Corporate Conversion (19,255)         (19,255)    
Effect of Corporate Conversion (in shares)       497,807,000        
Effect of Corporate Conversion 11,449,672     $ 50 5,588,396 5,861,226    
Issuance of common stock in connection with IPO, net of underwriters’ discounts and commissions and offering costs and tax effects (in shares)       57,500,000        
Issuance of common stock in connection with IPO, net of underwriters’ discounts and commissions and offering costs and tax effects 1,251,436     $ 6 1,251,430      
Equity-based compensation expense after Corporate Conversion 105,096       105,096      
Issuance of common stock upon settlement of restricted stock (in shares)       208,000        
Net loss (187,312)              
Net loss after Corporate Conversion (168,057)         (168,057)    
Common stock, Ending balance (in shares) at Apr. 30, 2025       555,515,000        
Stockholders' equity, ending balance at Apr. 30, 2025 $ 6,777,783     $ 56 6,945,784 (168,057)    
Beginning balance of redeemable convertible unit (in shares) at Jan. 31, 2026 0              
Beginning balance of redeemable convertible unit at Jan. 31, 2026 $ 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Adjustment to reflect the redemption value of the redeemable convertible units $ 0              
Ending balance of redeemable convertible unit (in shares) at Apr. 30, 2026 0              
Ending balance of redeemable convertible unit at Apr. 30, 2026 $ 0              
Common stock, Beginning balance (in shares) at Jan. 31, 2026 563,781,636     563,487,000        
Stockholders' equity, beginning balance at Jan. 31, 2026 $ 6,846,231     $ 56 7,096,974 (250,799)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Equity-based compensation expense 70,600       70,600      
Issuance of common stock upon settlement of restricted stock (in shares)       3,551,000        
Net loss $ (74,674)         (74,674)    
Common stock, Ending balance (in shares) at Apr. 30, 2026 567,208,393     567,038,000        
Stockholders' equity, ending balance at Apr. 30, 2026 $ 6,842,157     $ 56 $ 7,167,574 $ (325,473)