The Company computes net loss per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted net loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted loss per Class A common stock and Class B common stock (amounts in thousands, except share and per share amounts):


	Three Months Ended July 31,						Six Months Ended July 31,
	2026			2025			2026			2025
Numerator:
Net loss attributable to common stockholders	$	(9,353	)	$	(22,592	)	$	(148,225	)	$	(35,220	)
Denominator:
Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders		359,594,052			304,129,204			352,675,790			302,230,578
Basic and diluted net loss per share attributable to common stockholders	$	(0.03	)	$	(0.07	)	$	(0.42	)	$	(0.12	)

Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive.

The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive:


	As of July 31,
	2026		2025
Warrants to purchase Class A common stock		1,065,594		1,065,594
Common stock options		13,509,243		20,264,044
Restricted Stock Units		23,920,384		35,149,035
Performance vesting Restricted Stock Units		13,970		194,831
Shares committed under ESPP		123,204		353,206
Earn-out Shares		—		24,241,220
dMY Sponsor Earn-out Shares		—		862,500
Public Warrants		—		8,395,715
Private Placement Warrants		—		4,437,600
Early exercised common stock options, subject to future vesting		—		367,640
If-converted common shares from 2030 Notes		38,488,890		—
Total		77,121,285		95,331,385

On September 12, 2025, the Company issued $460.0 million in aggregate principal amount of the 2030 Notes. The initial conversion rate for the 2030 Notes is 83.6715 shares of Class A common stock per $1,000 principal amount of the 2030 Notes. The Company applies the if-converted method in computing the effect of the 2030 Notes on diluted net income per share attributable to common shareholders. The 2030 Notes were not included for purposes of calculating the number of diluted shares outstanding as their effect would have been anti-dilutive. In connection with the issuance of the 2030 Notes, the Company entered into the Capped Call Transactions, which were not included for purposes of calculating the number of diluted shares outstanding as their effect would have been anti-dilutive. The Capped Call Transactions are expected generally to reduce the potential dilution to the Class A common stock upon any conversion of the 2030 Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the 2030 Notes, as the case may be, in the event of the market price per share of the Class A common stock, as measured under the terms of the Capped Call Transactions, is greater than the strike price of the Capped Call Transactions, with such reduction and/or offset subject to a cap. Refer to Note 10 "Financing Transactions" for further information.