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Net Income per Share Attributable to Common Stockholders | 9 Months Ended
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Oct. 31, 2024
Earnings Per Share [Abstract] |
Net Income per Share Attributable to Common Stockholders | Note 9. Net Income per Share Attributable to Common Stockholders Net income attributable to common stockholders is calculated as net income less accretion, dividends, and undistributed earnings attributable to preferred stockholders. Basic net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share attributable to common stockholders is computed by giving effect to all potential weighted-average dilutive common stock, including stock options, restricted stock units, ESPP, and convertible senior notes. The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share amounts):
|  | Three Months Ended October 31, |  |  | Nine Months Ended October 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 12,893 |  |  | $ | 10,656 |  |  | $ | 50,611 |  |  | $ | 29,797 |
Accretion and dividend on series A convertible preferred stock |  |  | (4,282 | ) |  |  | (4,280 | ) |  |  | (12,832 | ) |  |  | (12,811 | )
Undistributed earnings attributable to preferred stockholders |  |  | (985 | ) |  |  | (729 | ) |  |  | (4,302 | ) |  |  | (1,938 | )
Net income attributable to common stockholders, basic and diluted |  | $ | 7,626 |  |  | $ | 5,647 |  |  | $ | 33,477 |  |  | $ | 15,048 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic |  |  | 143,479 |  |  |  | 143,915 |  |  |  | 144,275 |  |  |  | 144,296 |
Dilutive effect of awards issued under employee equity plans |  |  | 4,234 |  |  |  | 3,216 |  |  |  | 3,009 |  |  |  | 3,943 |
Dilutive effect of shares related to the convertible senior notes |  |  | 1,358 |  |  |  | 494 |  |  |  | 718 |  |  |  | 1,112 |
Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted |  |  | 149,071 |  |  |  | 147,625 |  |  |  | 148,002 |  |  |  | 149,351 |
Net income per share attributable to common stockholders, basic |  | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.23 |  |  | $ | 0.10 |
Net income per share attributable to common stockholders, diluted |  | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.23 |  |  | $ | 0.10 |
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive (in thousands):
|  | Three Months Ended October 31, |  |  | Nine Months Ended October 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Options to purchase common stock |  |  | — |  |  |  | 25 |  |  |  | — |  |  |  | 7 |
Restricted stock units |  |  | 729 |  |  |  | 3,399 |  |  |  | 269 |  |  |  | 58 |
Employee stock purchase plan |  |  | 151 |  |  |  | 910 |  |  |  | 51 |  |  |  | 307 |
Shares related to convertible preferred stock |  |  | 18,540 |  |  |  | 18,588 |  |  |  | 18,540 |  |  |  | 18,587 |
Shares related to convertible senior notes |  |  | 427 |  |  |  | — |  |  |  | 308 |  |  |  | — |
Total |  |  | 19,847 |  |  |  | 22,922 |  |  |  | 19,168 |  |  |  | 18,959 |

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