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Equity (Tables) | 9 Months Ended
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Oct. 31, 2025
Equity [Abstract] |
Share-based Payment Arrangement, Option, Activity | The following table summarizes options activity under the Plans, and related information:
| Number of Stock Options Outstanding (in thousands) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Years |  | Aggregate Intrinsic value (in millions)
Balances at January 31, 2025 | 5,896 |  |  | $ | 14.27 |  |  | 5.41 |  | $ | 344.8 |
Options exercised | (1,235) |  |  | 12.53 |  |  |  |  |
Options canceled | (15) |  |  | 11.83 |  |  |  |  |
Options forfeited | (26) |  |  | 18.45 |  |  |  |  |
Balances at October 31, 2025 | 4,620 |  |  | $ | 14.72 |  |  | 4.12 |  | $ | 157.2 |
Options vested at October 31, 2025 | 4,440 |  |  | $ | 14.60 |  |  | 4.06 |  | $ | 151.6 |
Options vested and expected to vest at October 31, 2025 | 4,620 |  |  | $ | 14.72 |  |  | 4.12 |  | $ | 157.2 |
Schedule of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity:
| Number of Shares (in thousands) |  | Weighted- Average grant date fair value
Balances at January 31, 2025 | 8,259 |  |  | $ | 50.64 |
Granted | 5,472 |  |  | 45.24 |
Vested | (2,701) |  |  | 49.41 |
Canceled/forfeited | (2,168) |  |  | 47.99 |
Balances at October 31, 2025 | 8,862 |  |  | $ | 48.32 |
Schedule of Share Based Compensation Expense | The Company recognized stock-based compensation expense as follows (in thousands):
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Cost of revenue | $ | 2,300 |  |  | $ | 1,993 |  |  | $ | 6,490 |  |  | $ | 5,924 |  |  |
Sales and marketing | 17,354 |  |  | 17,012 |  |  | 59,395 |  |  | 54,290 |  |  |
Research and development | 15,560 |  |  | 14,384 |  |  | 49,029 |  |  | 42,834 |  |  |
General and administrative | 16,468 |  |  | 14,653 |  |  | 46,879 |  |  | 36,215 |  |  |
Stock-based compensation expense, net of amounts capitalized | 51,682 |  |  | 48,042 |  |  | 161,793 |  |  | 139,263 |  |  |
Capitalized stock-based compensation | 367 |  |  | — |  |  | 367 |  |  | — |  |  |
Total stock-based compensation expense (1) | $ | 52,049 |  |  | $ | 48,042 |  |  | $ | 162,160 |  |  | $ | 139,263 |  |  |
(1) The table above includes stock-based compensation of JiHu. Refer to “Note 10. Joint Venture” for further discussion.

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