In February 2025, the Company implemented an approved plan for restructuring its global workforce by approximately 12% to help position the Company for long-term success by realigning employee costs with the current business and freeing up capital for incremental investments. The majority of the associated costs, including severance, benefits, and the acceleration of equity awards, were incurred in the first half of fiscal year 2026.


	Six Months Ended July 31,
(in thousands)	2026		2025
Accrual, beginning of period	$	1,642	$	—
Restructuring charges(1)	(1,082)		14,463
Cash payments	(560)		(13,037)
Accrual, end of period	$	—	$	1,426

(1) Restructuring costs shown in the table above do not include related stock-based compensation expense of $0.9 million for the six months ended July 31, 2025. There was no related stock-based compensation expense for the six months ended July 31, 2026. Stock-based compensation expense associated with the Company’s restructuring plans is included in restructuring on the consolidated statements of operations. The reversal of restructuring costs for the six months ended July 31, 2026 was attributable to the favorable resolution of certain restructuring-related liabilities and insurance recoveries.

Restructuring liabilities are included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.