v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
 6 Months Ended
Jul. 31, 2026
Equity [Abstract]  
Schedule of Common Stock Reserved for Issuance
Common stock reserved for issuance as of July 31, 2026 and January 31, 2026 are presented as follows:
As of
July 31, 2026January 31, 2026
Stock options issued and outstanding31,865,065 39,283,485 
RSUs issued and outstanding21,737,477 9,311,201 
Shares of common stock available for future grants34,818,026 37,811,841 
Shares available for issuance under the 2025 Employee Stock Purchase Plan ("ESPP")7,213,399 5,000,000 
Total common stock reserved for issuance95,633,967 91,406,527 
Schedule of Stock Option Activity
The following table presents stock option activity for the six months ended July 31, 2026 (in thousands, except price per share, share and years data):
Number of Stock Options OutstandingWeighted-Average Exercise Price per ShareWeighted- Average Remaining Contractual Life
(Years)		Aggregate Intrinsic Value
Balance as of January 31, 202639,283,485 $13.91 5.7$55,743 
Granted1,010,099 $9.97 
Exercised(7,804,467)$9.96 $76,941 
Cancelled/forfeited/expired(624,052)$16.74 
Balance as of July 31, 202631,865,065 $14.70 6.1$379,830 
Vested and expected to vest as of July 31, 202631,865,065 $14.70 6.1$379,830 
Exercisable as of July 31, 202626,754,146 $14.12 5.7$334,447 
Schedule of Restricted Stock Units Activity
The following table presents the activity related to RSUs for the six months ended July 31, 2026:
Number of Shares Subject to RSUsWeighted-Average Grant Date Fair Value
Unvested balance as of January 31, 20269,311,201 $22.23 
Granted16,497,425 $16.41 
Forfeited(1,430,919)$20.15 
Vested(2,640,230)$20.68 
Unvested and outstanding as of July 31, 202621,737,477 $18.14 
Schedule of Stock-based Compensation Expense
Stock-based compensation is included in the following components of expenses within the condensed consolidated statements of operations (in thousands):
Three Months Ended July 31,Six Months Ended July 31,
2026202520262025
Cost of revenue$2,362 $855 $4,082 $1,902 
Research and development15,652 7,473 26,616 14,371 
Sales and marketing12,817 4,143 21,072 7,738 
General and administrative11,026 6,178 27,399 11,898 
Total stock-based compensation expense, net of amounts capitalized
$41,857 $18,649 $79,169 $35,909 
Capitalized stock-based compensation1,517 825 2,591 1,395 
Total stock-based compensation cost$43,374 $19,474 $81,760 $37,304