v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information

The following table summarizes the stock option activity under the equity incentive plans and related information:

 

 

 

Shares Subject to Options Outstanding

 

 

Weighted-Average

 

 

 

 

 

 

 

 

Weighted-Average

 

 

Remaining Contractual

 

Aggregate

 

 

 

Shares

 

 

Exercise Price

 

 

Life

 

Intrinsic Value

 

 

 

 

 

 

 

 

 

(in years)

 

(in thousands)

 

Balance as of January 31, 2026

 

 

929,352

 

 

$

17.94

 

 

 

2.02

 

$

6,854

 

Options exercised

 

 

(17,034

)

 

 

11.19

 

 

 

 

 

 

Balance as of July 31, 2026

 

 

912,318

 

 

$

18.06

 

 

 

1.56

 

$

12,305

 

Exercisable as of July 31, 2026

 

 

912,318

 

 

$

18.06

 

 

 

1.56

 

$

12,305

 

 

Summary of Restricted Stock Unit Activity Under Equity Incentive Plans and Related Information

The following table summarizes the restricted stock unit activity, inclusive of performance-based and market-based restricted stock units, under the equity incentive plans and related information:

 

 

 

Number of

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock Units

 

 

Grant Date

 

 

 

Outstanding

 

 

Fair Value

 

Unvested balance - January 31, 2026

 

 

14,132,213

 

 

$

29.74

 

Granted

 

 

8,565,892

 

 

 

24.11

 

Vested

 

 

(4,421,069

)

 

 

27.87

 

Forfeited/cancelled

 

 

(1,058,014

)

 

 

28.65

 

Unvested balance - July 31, 2026

 

 

17,219,022

 

 

$

27.49

 

Summary of Components of Stock-Based Compensation Expense

The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 31,

 

 

July 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

6,453

 

 

$

5,666

 

 

$

12,393

 

 

$

10,498

 

Research and development

 

 

21,972

 

 

 

21,380

 

 

 

41,346

 

 

 

40,186

 

Sales and marketing

 

 

20,179

 

 

 

19,679

 

 

 

38,810

 

 

 

37,546

 

General and administrative

 

 

12,759

 

 

 

14,033

 

 

 

25,127

 

 

 

27,422

 

Total stock-based compensation

 

$

61,363

 

 

$

60,758

 

 

$

117,676

 

 

$

115,652