v3.26.1
Derivative Contracts
 6 Months Ended
Jul. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Contracts Derivative Contracts
During the second quarter of fiscal 2027, the Company entered into foreign currency forward contracts to hedge a portion of its forecasted foreign currency denominated cash flow, with a maximum maturity of 3 months. These foreign currency forward contracts are recorded at fair value. As of July 31, 2026, the notional amount of the Company’s outstanding foreign currency forward contracts designated as cash flow hedges was $57.9 million.
As of July 31, 2026, there were $0.5 million of unrealized gains in accumulated other comprehensive income (loss) related to the Company’s cash flow hedges, all of which are expected to be recognized into earnings within the next 12 months.
Losses related to the Company’s cash flow hedges reclassified from accumulated other comprehensive income (loss) into the condensed consolidated statements of operations consisted of the following (in thousands):

Three months ended July 31, 2026Six months ended July 31, 2026
Subscription cost of revenue$32 $32 
Professional services cost of revenue6 6 
Sales and marketing86 86 
Research and development79 79 
General and administrative10 10 
Total $213 $213 

There was no ineffectiveness in the Company’s cash flow hedging program for the three months ended July 31, 2026.