v3.20.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2018
Total revenue $ 531,993 $ 287,243 $ 229,525
Total cost of revenue 206,084 106,050 94,609
Gross profit 325,909 181,193 134,916
Operating expenses      
Sales and marketing 43,951 29,498 23,139
Technology and development 77,576 35,057 27,385
General and administrative 60,561 33,039 25,111
Amortization of acquired intangible assets 34,704 5,929 4,863
Merger integration 32,111 0 0
Total operating expenses 248,903 103,523 80,498
Income from operations 77,006 77,670 54,418
Other expense      
Interest expense (24,772) (270) (274)
Other expense, net (9,079) (1,582) (1,955)
Total other expense (33,851) (1,852) (2,229)
Income before income taxes 43,155 75,818 52,189
Income tax provision 3,491 1,919 4,827
Net income (loss) $ 39,664 $ 73,899 $ 47,362
Net income per share:      
Basic (usd per share) $ 0.59 $ 1.20 $ 0.79
Diluted (usd per share) $ 0.58 $ 1.17 $ 0.77
Weighted-average number of shares used in computing net income per share:      
Basic (shares) 67,026 61,836 60,304
Diluted (shares) 68,453 63,370 61,854
Comprehensive income:      
Net income $ 39,664 $ 73,899 $ 47,362
Other comprehensive loss:      
Unrealized loss on available-for-sale marketable securities, net of tax 0 0 (59)
Comprehensive income 39,664 73,899 47,303
Service revenue      
Total revenue 262,868 100,564 91,619
Total cost of revenue 170,863 76,858 70,426
Custodial revenue      
Total revenue 181,892 126,178 87,160
Total cost of revenue 17,563 14,124 11,400
Interchange revenue      
Total revenue 87,233 60,501 50,746
Total cost of revenue $ 17,658 $ 15,068 $ 12,783