v3.26.1
Operating Leases
6 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Operating Leases

Note 6: Operating Leases

The Company leases its headquarters located in Sunnyvale, California, as well as office space and data center facilities in several locations under non-cancelable operating lease agreements, with expiration dates through fiscal 2033.

Supplemental balance sheet information related to leases was as follows (in thousands):

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

 

July 31,
2026

 

January 31,
2026

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease right-of-use assets

 

 

 

 

 

 

 

$

13,296

 

$

14,198

   Total leased assets

 

 

 

 

 

 

 

$

13,296

 

$

14,198

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Short-term operating lease liabilities

 

 

 

 

 

 

 

$

4,449

 

$

4,284

Long-term operating lease liabilities

 

 

 

 

 

 

 

 

9,940

 

 

10,988

   Total lease liabilities

 

 

 

 

 

 

 

$

14,389

 

$

15,272

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average remaining lease term

 

 

 

 

 

 

 

 

4.1 years

 

 

4.5 years

Weighted-average discount rate

 

 

 

 

 

 

 

 

6.4%

 

 

6.4%

Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the consolidated balance sheet. Short-term operating lease liabilities are presented within accrued expenses and other current liabilities.

The Company incurred total lease costs in its condensed consolidated statements of operations of $2.0 million and $1.8 million for the three months ended July 31, 2026 and 2025, respectively, and $3.9 million and $3.5 million for the six months ended July 31, 2026 and 2025, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

July 31,
2026

 

July 31,
2025

 

July 31,
2026

 

July 31,
2025

Cash payments for operating leases

 

$

1,108

 

$

955

 

$

2,211

 

$

1,889

Right-of-use assets recognized in exchange for new operating lease obligations

 

$

280

 

$

761

 

$

855

 

$

1,104

As of July 31, 2026, maturities of operating lease liabilities were as follows (in thousands):

Fiscal Years Ending January 31,

 

 

 

 

 

 

 

 

 

 

July 31, 2026

2027

 

 

 

 

 

 

 

 

 

 

$

2,260

2028

 

 

 

 

 

 

 

 

 

 

 

4,646

2029

 

 

 

 

 

 

 

 

 

 

 

4,561

2030

 

 

 

 

 

 

 

 

 

 

 

1,738

2031

 

 

 

 

 

 

 

 

 

 

 

1,196

Thereafter

 

 

 

 

 

 

 

 

 

 

 

2,209

Total future minimum lease payments

 

 

 

 

 

 

 

 

 

 

 

16,610

Less: imputed interest

 

 

 

 

 

 

 

 

 

 

 

(2,221)

      Present value of lease liabilities

 

 

 

 

 

 

 

 

 

 

$

14,389