Leases

6 Months Ended

Jul. 31, 2026

The Company leases corporate office space under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the three and six months ended July 31, 2026 and 2025.

The components of lease expense were as follows:


	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2026		2025		2026		2025
Operating lease cost	$	3,042	$	3,048	$	6,114	$	6,031
Variable lease cost	301		356		675		705
Short-term lease cost	32		118		69		234
Total lease cost	$	3,375	$	3,522	$	6,858	$	6,970

The weighted average remaining lease term and discount rate were as follows:


	July 31, 2026	January 31, 2026
Weighted average remaining lease term (years)	6.27	6.46
Weighted average discount rate	8.46%	8.41%

The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:


(in thousands)
Fiscal year ended January 31,
2027 (remaining six months)	$	5,384
2028	9,892
2029	8,130
2030	6,736
2031	6,208
2032	6,497
Thereafter	11,070
Total minimum lease payments	53,917
Less: imputed interest	(12,565)
Total	$	41,352