| Schedule of Stock-Based Compensation Expense |
The following table summarizes stock-based compensation expense recognized related to awards granted to employees and nonemployees, as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
Six Months Ended July 31, |
|
(in thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Cost of revenue |
|
$ |
1,946 |
|
|
$ |
1,973 |
|
|
$ |
3,776 |
|
|
$ |
3,640 |
|
Research and development |
|
|
6,827 |
|
|
|
4,876 |
|
|
|
12,935 |
|
|
|
9,460 |
|
Sales and marketing |
|
|
2,800 |
|
|
|
2,010 |
|
|
|
5,912 |
|
|
|
3,939 |
|
General and administrative |
|
|
6,384 |
|
|
|
5,242 |
|
|
|
12,250 |
|
|
|
10,277 |
|
Total expense |
|
$ |
17,957 |
|
|
$ |
14,101 |
|
|
$ |
34,873 |
|
|
$ |
27,316 |
|
Capitalized to internal-use software development
costs, property and equipment, and inventories |
|
|
(897 |
) |
|
|
(645 |
) |
|
|
(1,352 |
) |
|
|
(1,318 |
) |
Total stock-based compensation expense |
|
$ |
17,060 |
|
|
$ |
13,456 |
|
|
$ |
33,521 |
|
|
$ |
25,998 |
|
|
| Schedule of Stock Option Activity |
A summary of stock option activity is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
|
|
Number of
Options |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Term (Years) |
|
|
Aggregate
Intrinsic
Value
(in thousands) |
|
Balances at January 31, 2026 |
|
|
14,532,703 |
|
|
$ |
5.69 |
|
|
|
4.4 |
|
|
|
— |
|
Exercised |
|
|
(1,023,460 |
) |
|
|
4.29 |
|
|
|
— |
|
|
|
— |
|
Granted |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balances at July 31, 2026 |
|
|
13,509,243 |
|
|
$ |
5.80 |
|
|
|
4.0 |
|
|
$ |
198,359 |
|
Vested and exercisable at July 31, 2026 |
|
|
13,509,243 |
|
|
$ |
5.80 |
|
|
|
4.0 |
|
|
$ |
198,359 |
|
|
| Schedule of Restricted Stock Unit ("RSU") Activity |
A summary of Restricted Stock Unit (“RSU”) activity is as follows:
|
|
|
|
|
|
|
|
|
|
|
Number of
RSUs |
|
|
Weighted
Average
Grant Date
Fair Value |
|
Balances at January 31, 2026 |
|
|
28,513,961 |
|
|
$ |
3.73 |
|
Vested |
|
|
(6,981,634 |
) |
|
|
4.25 |
|
Granted |
|
|
3,365,033 |
|
|
|
26.01 |
|
Forfeited |
|
|
(976,976 |
) |
|
|
3.82 |
|
Balances at July 31, 2026 |
|
|
23,920,384 |
|
|
$ |
6.70 |
|
|