On May 6, 2025, the Company announced a strategic plan (the “Strategic Plan”) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goals. The Strategic Plan resulted in a reduction of roles representing approximately 500 positions, or 5%, of the Company’s global workforce.

There were no charges related to the Strategic Plan during the three and six months ended July 31, 2026.

Charges related to the Strategic Plan included in the condensed consolidated statements of operations during the three and six months ended July 31, 2025 were as follows (in thousands):


	Three Months Ended July 31, 2025		Six Months Ended July 31, 2025
Subscription cost of revenue	$	3,563	$	3,563
Professional services cost of revenue	3,345		3,345
Sales and marketing	8,723		8,723
Research and development	16,696		16,696
General and administrative	6,057		12,678
Total	$	38,384	$	45,005

The following table summarizes the activities related to the Strategic Plan for the six months ended July 31, 2026 and July 31, 2025 (in thousands):


	July 31, 2026			July 31, 2025
		Severance and Related Costs		Non-Employee Costs		Total		Severance and Related Costs		Non-Employee Costs		Total
Liability, beginning of the period		$	30	$	36	$	66	$	—	$	—	$	—
Charges (benefits)		—		—		—		37,983		7,022		45,005
Payments		(30)		(36)		(66)		(17,989)		(6,976)		(24,965)
Non-cash items		—		—		—		(17,901)		—		(17,901)
Liability, end of the period		$	—	$	—	$	—	$	2,093	$	46	$	2,139

There was no liability associated with the Strategic Plan as of July 31, 2026. As of July 31, 2025, the liability associated with the Strategic Plan is included in accrued payroll and benefits and accounts payable on the condensed consolidated balance sheet.