The following table sets forth the computation of basic and diluted net income (loss) per share for the periods presented (in thousands except per share amounts):


	Three Months Ended July 31,
	2026		2025
Numerator:(1)
Net income	$	36,089	$	1,584
Denominator:(1)
Weighted-average shares used in computing net income per share, basic	519,654		536,169
Dilutive potential common shares from outstanding equity awards	3,359		6,696
Weighted-average shares used in computing net income per share, diluted	523,013		542,865
Net income per share, basic	$	0.07	$	0.00
Net income per share, diluted	$	0.07	$	0.00
(1) Amounts presented under Class A and Class B columns in prior periods have been combined to conform with current year presentation


	Six Months Ended July 31,
	2026		2025
Numerator:(1)
Net income (loss)	$	58,614	$	(20,971)
Denominator:(1)
Weighted-average shares used in computing net income (loss) per share, basic	521,586		542,208
Dilutive potential common shares from outstanding equity awards	3,789		—
Weighted-average shares used in computing net income (loss) per share, diluted	525,375		542,208
Net income (loss) per share, basic	$	0.11	$	(0.04)
Net income (loss) per share, diluted	$	0.11	$	(0.04)
(1) Amounts presented under Class A and Class B columns in prior periods have been combined to conform with current year presentation

Anti-dilutive common stock equivalents excluded from the computation of diluted net income (loss) per share were as follows (in thousands):


	Three Months Ended July 31,
	2026	2025
Unvested RSUs	13,861	10,610
Outstanding stock options	2,859	2,198
Shares issuable under ESPP	420	416
Unvested PSUs	8	—


Total	17,148	13,224


	Six Months Ended July 31,
	2026	2025
Unvested RSUs	12,355	27,239
Outstanding stock options	2,599	8,870
Shares issuable under ESPP	213	900
Unvested PSUs	4	427
Returnable shares issued in connection with business acquisition	—	134

Total	15,171	37,570