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Income Taxes (Tables) | 12 Months Ended
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Jan. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes | The components of income before income taxes were as follows (in thousands):
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
United States |  | $ | 13,890 |  |  | $ | 14,174 |  |  | $ | (7,103 | )
Foreign |  |  | 71,270 |  |  |  | 48,412 |  |  |  | 41,510 |
Total |  | $ | 85,160 |  |  | $ | 62,586 |  |  | $ | 34,407 |
Schedule of Components of (Benefit from) Provision for Income Taxes | The components of (benefit from) provision for income taxes were as follows (in thousands):
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |  |
State |  | $ | 1,196 |  |  | $ | 1,887 |  |  | $ | 1,431 |
Foreign |  |  | 10,568 |  |  |  | 6,959 |  |  |  | 4,546 |
Total |  |  | 11,764 |  |  |  | 8,846 |  |  |  | 5,977 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | (154,032 | ) |  |  | (91 | ) |  |  | 58 |
State |  |  | (23,614 | ) |  |  | 59 |  |  |  | 65 |
Foreign |  |  | 6,421 |  |  |  | (75,260 | ) |  |  | 1,524 |
Total |  |  | (171,225 | ) |  |  | (75,292 | ) |  |  | 1,647 |
(Benefit from) provision for income taxes |  | $ | (159,461 | ) |  | $ | (66,446 | ) |  | $ | 7,624 |
Schedule of Reconciliation of The Federal Statutory Income Tax Rate And The Provision For Income Taxes | The following is a reconciliation of the difference between the effective income tax rate and the federal statutory rate of 21% (in thousands):
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Tax at statutory federal rate |  | $ | 17,884 |  |  | $ | 13,139 |  |  | $ | 7,225 |
State taxes, net of federal benefit |  |  | 2,782 |  |  |  | 3,792 |  |  |  | (1,794 | )
U.S. tax on foreign earnings |  |  | 17,389 |  |  |  | 14,569 |  |  |  | 14,357 |
Foreign rate difference |  |  | 2,022 |  |  |  | 819 |  |  |  | (53 | )
Nondeductible expenses |  |  | 828 |  |  |  | 701 |  |  |  | 893 |
Induced conversion expense |  |  | 2,129 |  |  |  | — |  |  |  | — |
Research and development credit |  |  | (7,880 | ) |  |  | (7,916 | ) |  |  | (6,870 | )
Change in reserve for unrecognized tax benefits |  |  | 7,880 |  |  |  | 7,916 |  |  |  | 6,870 |
Stock-based compensation |  |  | 1,032 |  |  |  | 3,555 |  |  |  | (7,069 | )
Change in valuation allowance, including the effect of tax rate change |  |  | (203,542 | ) |  |  | (102,573 | ) |  |  | (5,995 | )
Other |  |  | 15 |  |  |  | (448 | ) |  |  | 60 |
Total (benefit from) provision for income taxes |  | $ | (159,461 | ) |  | $ | (66,446 | ) |  | $ | 7,624 |
Schedule of Components of Deferred Tax Assets and Liabilities | The significant components of our deferred tax assets and liabilities were as follows (in thousands):
|  | January 31, |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryover |  | $ | 149,519 |  |  | $ | 194,008 |
Stock-based compensation |  |  | 10,365 |  |  |  | 9,426 |
Capitalized research and development |  |  | 93,398 |  |  |  | 76,361 |
Depreciation and amortization |  |  | 11,218 |  |  |  | 11,428 |
Operating lease liabilities |  |  | 20,582 |  |  |  | 28,050 |
Other |  |  | 10,012 |  |  |  | 11,692 |
Total deferred tax assets |  |  | 295,094 |  |  |  | 330,965 |
Valuation allowance |  |  | (28,526 | ) |  |  | (230,686 | )
Total deferred tax assets, net of valuation allowance |  |  | 266,568 |  |  |  | 100,279 |
Deferred tax liabilities: |  |  |  |  |  |
Operating lease right-of-use assets, net |  |  | (15,307 | ) |  |  | (21,291 | )
Deferred commissions |  |  | (3,502 | ) |  |  | (2,836 | )
Goodwill with indefinite life amortization |  |  | (1,932 | ) |  |  | (1,505 | )
Other |  |  | (57 | ) |  |  | — |
Total deferred tax liabilities |  |  | (20,798 | ) |  |  | (25,632 | )
Net deferred tax assets |  | $ | 245,770 |  |  | $ | 74,647 |
Schedule of Reconciliation of Unrecognized Tax Benefit | A reconciliation of the gross unrecognized tax benefits is as follows (in thousands):
|  | Year Ended January 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Unrecognized tax benefits—beginning of period |  | $ | 118,981 |  |  | $ | 103,636 |  |  | $ | 90,678 |
Reductions for tax positions related to prior year |  |  | (49 | ) |  |  | — |  |  |  | — |
Additions for tax positions related to prior year |  |  | — |  |  |  | 1,733 |  |  |  | 209 |
Additions for tax positions related to current year |  |  | 13,642 |  |  |  | 13,612 |  |  |  | 12,749 |
Unrecognized tax benefits—end of period |  | $ | 132,574 |  |  | $ | 118,981 |  |  | $ | 103,636 |
It is reasonably possible that within the next 12 months our unrecognized tax benefits related to these matters may decrease by up to approximately $70.0 million due to refinement of certain tax return positions.

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