v3.26.1
Leases
 3 Months Ended
Apr. 30, 2026
Leases [Abstract]  
Leases Leases
The Company has three noncancelable operating leases for its offices with remaining lease terms ranging from 7 months to 26 months. All leases require the Company to pay annual operating, tax or utilities expenses, which are included in the variable lease costs. The Company utilizes its incremental borrowing rate in determining the present value of lease payments, as the implicit rate is not readily determinable.
The components of lease cost for operating leases for the three months ended April 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended April 30,
2026
 
2025
Operating lease cost$995 $965 
Variable lease cost
330 254 
Total lease cost$1,325 $1,219 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended April 30,
2026
 
2025
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases
$1,139 $1,079 
The following table summarizes the lease-related assets and liabilities recorded in the condensed consolidated balance sheet at April 30, 2026 and January 31, 2026 (in thousands):
April 30,January 31,
20262026
Operating lease ROU assets$7,834 $8,696 
Current operating lease liabilities4,157 4,101 
Noncurrent operating lease liabilities
5,229 6,292 
Total operating lease liabilities$9,386 $10,393 
Lease term and discount rate were as follows:
April 30,January 31,
20262026
Weighted-average remaining lease term (years)2.152.40
Weighted-average discount rate
5.29 %5.29 %
The following table provides the maturities of lease liabilities as of April 30, 2026 (in thousands):
Maturity of lease liabilities at April 30:
Amount
2027 (remaining)$3,412 
20284,580 
20291,964 
2030— 
2031— 
Total future undiscounted lease payments
9,956 
Less: imputed interest
(570)
Present value of lease liabilities$9,386 
As of April 30, 2026, the Company had one executed operating lease modification that had not yet commenced. This modification, which became effective May 1, 2026, extends the lease term and expands the leased square footage within an existing facility.