We have entered into various non-cancellable operating lease agreements for certain of our offices and data centers with lease periods expiring primarily between fiscal years 2026 and 2034. Certain of these arrangements have free or escalating rent payment provisions and optional renewal or termination clauses. Our operating leases typically include variable lease payments, which are primarily comprised of common area maintenance and utility charges for our offices and power and network connections for our data centers, that are determined based on actual consumption. Our operating lease agreements do not contain any residual value guarantees, covenants, or other restrictions.

We have also entered into various finance lease arrangements to obtain servers and related equipment for our data center operations. These agreements are primarily for four years and certain of these arrangements have optional renewal or termination clauses. The leases are secured by the underlying leased servers and related equipment. During fiscal year 2023, we modified our finance leases to reflect our intent to exercise the purchase options at the end of the term of each finance lease. As of January 31, 2024, there were no remaining material finance lease liabilities.

We sublease certain floors of our Redwood City and London offices. Our current subleases have total lease terms ranging from 13 to 39 months that will expire at various dates by fiscal year 2029.

The components of lease cost, which were included in operating expenses in our consolidated statements of operations, were as follows (in thousands):


	Year Ended January 31,
	2025			2024
Finance lease cost:
Amortization of finance lease right-of-use assets	$	374		$	24,708
Interest on finance lease liabilities		12			773
Operating lease cost, gross		29,855			49,365
Variable lease cost, gross		6,871			9,068
Sublease income		(5,567	)		(6,692	)
Total lease cost	$	31,545		$	77,222

Supplemental cash flow information related to leases was as follows (in thousands):



	Year Ended January 31,
	2025		2024
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	34,134	$	57,006
Operating cash flows for finance leases		12		859
Financing cash flows for finance leases		2,141		30,176
Right-of-use assets obtained in exchange of lease obligations
Operating leases	$	2,357	$	5,477

The weighted-average remaining term of operating leases was 4.0 years and 4.79 years as of January 31, 2025 and 2024, respectively. The weighted-average discount rate used to measure the present value of our operating lease liabilities was 6.03% and 5.95% as of January 31, 2025 and 2024, respectively.

As of January 31, 2025, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands):


Years ending January 31:	Operating Leases (1)
2026	$	30,264
2027		28,593
2028		25,055
2029		11,996
2030		3,247
Thereafter		7,240
Total lease payments		106,395
Less: imputed interest		(12,211	)
Present value of total lease liabilities	$	94,184

(1)

Non-cancellable sublease proceeds for the years ending January 31, 2026, 2027, 2028 and 2029 of $2.6 million, $2.1 million, $2.2 million, and $0.6 million, respectively, are not included in the table above.

As of January 31, 2025, we had one operating lease for an office space that has not yet commenced. This operating lease has aggregated undiscounted future payments of $19.1 million and a lease term of nine years. This operating lease is estimated to commence during fiscal year 2026.