v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 3 Months Ended
Apr. 30, 2026
USD ($)
Apr. 30, 2025
USD ($)
Cash flows from operating activities    
Net loss $ (74,674) $ (187,312)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 53,105 52,065
Amortization and write-off of debt issuance costs 136 15,641
Amortization of contract acquisition costs 12,601 8,167
Provision for credit losses 1,047 3,562
Equity-based compensation expense, net of amounts capitalized 69,106 105,712
Deferred taxes (9,766) (25,325)
Other 57 0
Net changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 78,416 60,036
Contract acquisition costs (18,517) (9,466)
Contract assets (3,665) (3,817)
Prepayments and other current assets (12,965) (14,990)
Other non-current assets 63 82
Operating leases, net (31) 255
Accounts payable 7,720 333
Accrued expenses and other liabilities (44,500) (90,626)
Deferred revenue (19,892) (11,124)
Net cash provided by (used in) operating activities 38,241 (96,807)
Cash flows from investing activities    
Purchase of property and equipment (969) (2,191)
Capitalized software development costs (4,752) (1,706)
Net cash used in investing activities (5,721) (3,897)
Cash flows from financing activities    
Proceeds from IPO, net of underwriting discounts and commissions 0 1,259,681
Repayment of Term Loans 0 (1,040,000)
Payments of deferred offering costs, net 0 (8,357)
Payments related to holdback and contingent consideration 0 (675)
Net cash provided by financing activities 0 210,649
Net change in cash, cash equivalents and restricted cash 32,520 109,945
Cash, cash equivalents and restricted cash, beginning of period 361,386 124,390
Cash, cash equivalents and restricted cash, end of period 393,906 234,335
Supplemental cash flow information:    
Interest 133 36,570
Income taxes, net of refunds 2,219 2,110
Operating cash flows from operating leases 1,673 1,501
Supplemental disclosure of noncash investing and financing activities:    
Effect of Corporate Conversion 0 11,449,672
Adjustment to reflect the redemption value of the redeemable convertible units 0 253,531
Capitalized equity-based compensation included in property and equipment, net 1,494 246
Deferred offering costs included in accounts payable and accrued expenses and other liabilities 0 261
Reconciliation of cash, cash equivalents and restricted cash from the condensed consolidated balance sheets to the condensed consolidated statements of cash flows:    
Cash and cash equivalents 390,806 228,117
Restricted cash within prepayments and other current assets 3,100 6,218
Total cash, cash equivalents, and restricted cash in the consolidated statements of cash flows $ 393,906 $ 234,335