v3.26.1
Net Income Per Share
 6 Months Ended
Jul. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The Company has two classes of common stock: Class A and Class B. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. Since the liquidation and dividend rights are identical, undistributed earnings are allocated on a proportionate basis to each class of common stock. As a result, the basic and diluted net income per share attributable to common stockholders are the same for both Class A and Class B common stock, on both an individual and combined basis.
Basic net income per share is computed by dividing net income attributable to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted net income per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, RSUs, PSUs, and other awards.
The following table sets forth the computation of basic and diluted net income per share:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands, except per share data)2026202520262025
Net income per share – basic:
Numerator:
Net income$7,118 $12,615 $11,299 $11,047 
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic
235,556254,391237,996255,501 
Net income per common share, basic$0.03 $0.05 $0.05 $0.04 
Net income per share – diluted:
Numerator:
Net income$7,118 $12,615 $11,299 $11,047 
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic235,556 254,391 237,996 255,501 
Weighted-average effect of diluted securities:
Stock options1,774 5,124 1,936 5,427 
PSUs149 1,822 68 1,927 
RSUs361 1,864 366 1,587 
Weighted-average shares outstanding used in computing net income per share, diluted237,840 263,201 240,366 264,442 
Net income per common share, diluted$0.03 $0.05 $0.05 $0.04 
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as     follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands)2026202520262025
Stock options5,040 3,870 5,040 3,870 
PSUs
1,585 697 1,585 697 
RSUs16,111 10,481 16,111 12,408 
ESPP rights129 121 129 121 
Warrants to purchase common stock— 2,500 — 2,500 
Total shares excluded from net income per share22,865 17,669 22,865 19,596