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Business Combinations (Tables) | 3 Months Ended
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Apr. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Acquisition Date Fair Value of Purchase Consideration | The acquisition date fair value of the preliminary purchase consideration was $595.8 million, which was comprised of the following (in thousands):
| Estimated Fair Value
Cash(1) | $ | 285,729 |
Common stock(2) | 285,348 |
Fair value of Previously Held Observe Equity Interest(3) | 22,768 |
Settlement of preexisting relationships(4) | 1,952 |
Total | $ | 595,797 |
________________ (1)Net of $4.5 million in unsettled post-closing adjustments as of April 30, 2026. (2)Approximately 1.5 million shares of the Company’s common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $190.68 per share on the acquisition date. (3)The amount was determined based on the closing market price of $190.68 per share on the acquisition date. (4)The amount represents the effective settlement of outstanding receivables from Observe. No gain or loss was recognized upon settlement as amounts were determined to be reflective of fair market value.
Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:
| Estimated Fair Value (in thousands) |  | Estimated Weighted-Average Useful Life (in years)
Cash, cash equivalents, and restricted cash | $ | 37,818 |  |  |
Accounts receivable | 27,690 |  |  |
Developed technology intangible asset | 190,000 |  |  | 5
Customer relationships intangible asset | 35,000 |  |  | 5
Order backlog intangible asset | 10,000 |  |  | 2
Brand intangible asset | 10,000 |  |  | 5
Operating lease right-of-use assets | 12,392 |  |  |
Deferred revenue | (44,373) |  |  |
Operating lease liabilities | (12,124) |  |  |
Other net tangible liabilities | (6,862) |  |  |
Deferred tax liabilities, net(1) | (6,562) |  |  |
Total identifiable net assets | 252,979 |  |  |
Goodwill | 342,818 |  |  |
Total purchase consideration | $ | 595,797 |  |  |
________________ (1) Deferred tax liabilities, net primarily relate to the intangible assets acquired and the amount presented is net of deferred tax assets.
Schedule of Pro Forma Information | The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Observe, as if Observe had been acquired as of February 1, 2025 (in thousands):
| Pro Forma
| Three Months Ended April 30, |  |
| 2026 |  | 2025 |  |  |  |
| (unaudited)
Revenue | $ | 1,390,951 |  |  | $ | 1,048,388 |  |  |  |  |
Net loss | $ | (299,985) |  |  | $ | (482,641) |  |  |  |  |

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- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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