v3.26.1
Restructuring
6 Months Ended
Jul. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In the fourth quarter of fiscal 2025, the Company approved a restructuring plan (the “2025 Restructuring Plan”) intended to improve operational efficiencies and operating costs and better align the Company’s workforce with its business needs, top strategic priorities, and key growth opportunities. The 2025 Restructuring Plan involved a reduction of the Company’s workforce by approximately 5% globally.
As of July 31, 2025, the Company had recorded cumulative total restructuring charges of $6.7 million related to the 2025 Restructuring Plan, consisting of $6.0 million of severance and related charges and $0.7 million of stock-based compensation expense. During the six months ended July 31, 2025, the Company recorded restructuring charges of $2.2 million and settled the restructuring liability.
Separate from the 2025 Restructuring Plan, during the three months ended July 31, 2026, the Company recorded $2.5 million of restructuring charges related to an insignificant workforce reduction, consisting of $2.5 million of severance and related charges and less than $0.1 million of stock-based compensation benefit. As of July 31, 2026, the Company had $0.2 million restructuring charges reflected within accrued expenses and other current liabilities.
Restructuring costs consist of the following activity for the periods presented (in thousands):
Six Months Ended July 31,
20262025
Severance and related charges$2,537 $2,387 
Stock-based compensation benefit
(50)(170)
Total$2,487 $2,217 
The restructuring costs are recognized in the condensed consolidated statement of operations for the periods presented (in thousands):
Six Months Ended July 31,
20262025
Cost of revenues$293 $— 
Research and development70 948 
Sales and marketing1,998 831 
General and administrative126 438 
Total$2,487 $2,217