Leases

3 Months Ended

Apr. 30, 2026

The Company leases office space under non-cancelable operating leases with various expiration dates through 2028. These leases require monthly lease payments that may be subject to annual increases throughout the lease term.

Components of lease expense are summarized as follows (in thousands):


	Three Months Ended April 30,
	2025		2026
Operating lease expense	$	1,440	$	1,816
Short-term lease expense	286		205
Total lease expense	$	1,726	$	2,021

Sublease income	$	306	$	306

Lease term and discount rate information are summarized as follows:


			As of April 30, 2026
Weighted average remaining lease term (years)			1.6
Weighted average discount rate			12.8%

Maturities of lease liabilities as of April 30, 2026 were as follows (in thousands):


Year Ending January 31:
2027	$	6,390
2028	4,764
2029	1,214

Total lease payments	12,368
Less imputed interest	(1,109)
Present value of lease liabilities	$	11,259

Cash paid for operating leases was $1.6 million and $2.5 million during the three months ended April 30, 2025 and 2026, respectively, and was included in net cash used in operating activities in the condensed consolidated statements of cash flows.

The Company has entered into sublease agreements with various expiration dates through 2027. Under these agreements, the Company expects to receive sublease income of approximately $1.5 million as of April 30, 2026.