v3.26.1
Commitment and Contingencies
3 Months Ended
Apr. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
NOTE 10 - COMMITMENTS AND CONTINGENCIES
Purchase Obligations
In the normal course of business, the Company enters into non-cancelable purchase commitments with various parties primarily related to the purchase of cloud hosting arrangements and software subscriptions. The following table presents the summarized purchase obligations as of April 30, 2026 (in thousands):
Payments Due By Period as of April 30, 2026
TotalLess than 1 Year1 - 3 Years 3 - 5 YearsMore than 5 Years
Purchase obligations37,685 18,847 18,838 — — 
Litigation
The Company is currently involved in, and may in the future be involved in, legal proceedings and administrative proceedings, disputes or claims. The Company records a liability when a loss is considered probable and the amount can be reasonably estimated. For legal proceedings for which there is a reasonable possibility of loss (meaning those losses for which the likelihood is more than remote but less than probable), the Company has determined it does not have material exposure on an aggregate basis.
Securities and Derivative Litigation
On February 23, 2026, a putative securities class action complaint was filed against the Company, its directors and certain of its current and former executive officers (collectively, the “Defendants”) in the U.S. District Court for the Northern District of California. The lawsuit alleges that the Defendants violated the Securities Act of 1933, as amended, by making materially false and misleading statements about the Company’s sales and marketing expenses in its IPO offering documents. The Company intends to vigorously defend the case. As of April 30, 2026, the Company is unable to reasonably estimate the possible losses or range of losses.
Repayment of Government Grants
During the years ended January 31, 2022 and 2021, the Company received $6.0 million in grants from the Dutch government under the NOW Scheme. The Company’s application for relief under the NOW Scheme is currently under review. If the Dutch government concludes that the Company does not qualify under the conditions stipulated for the government grants, the Company may have to repay the Dutch government for grants provided. We recognized the $6.0 million in grants received as a liability in the period received.
During the year ended January 31, 2023, the Company received a tentative payment schedule from the Dutch government. The NOW Scheme liability balances as of April 30, 2026 and January 31, 2026, and the changes during the three months ended April 30, 2026 was as follows (in thousands):
Carrying Amount
Balance as of January 31, 2026$4,919 
Repayments
— 
Foreign currency translation impact
(80)
Balance as of April 30, 2026$4,839 
Less: balance in accrued expenses and other current liabilities
(570)
Balance in other non-current liabilities
$4,269 
As of April 30, 2026, the Company’s application for relief is still under review with the governmental authorities.