Leases

6 Months Ended

Jul. 31, 2026

We have operating leases for our global offices with various expiration dates, some of which include options to extend the leases for up to five years.

Our operating lease expense was $6 million and $4 million for the three months ended July 31, 2026 and 2025, respectively, and $11 million and $8 million for the six months ended July 31, 2026 and 2025, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):


	Six months ended July 31,
	2026		2025
Cash paid for lease liabilities	$	7,314	$	6,992
Lease right-of-use assets obtained in exchange for new lease liabilities	$	63,189	$	14,015

Supplemental balance sheet information related to operating leases was as follows:



	July 31, 2026		January 31, 2026
Weighted average remaining lease term	9.5 years		7.6 years
Weighted average discount rate	5.0	%	4.7	%

As of July 31, 2026, remaining maturities of lease liabilities are as follows (in thousands):


Fiscal Year
Remaining for 2027	$	7,581
2028	13,795
2029	22,275
2030	21,652
2031	19,546
Thereafter	112,694
Total lease payments	197,543
Less imputed interest	(45,848)
Total lease liabilities	$	151,695