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Net Income per Share Attributable to Common Stockholders (Tables)
12 Months Ended
Jan. 31, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders

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):

 

 

 

Year Ended January 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

244,621

 

 

$

129,032

 

 

$

26,783

 

Accretion and dividend on series A convertible preferred stock

 

 

(17,143

)

 

 

(17,105

)

 

 

(17,110

)

Undistributed earnings attributable to preferred stockholders

 

 

(25,911

)

 

 

(12,780

)

 

 

(1,106

)

Net income attributable to common stockholders, basic and diluted

 

$

201,567

 

 

$

99,147

 

 

$

8,567

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic

 

 

144,228

 

 

 

144,203

 

 

 

143,592

 

Dilutive effect of awards issued under employee equity plans

 

 

3,434

 

 

 

3,549

 

 

 

5,552

 

Dilutive effect of shares related to the convertible senior notes

 

 

981

 

 

 

834

 

 

 

1,048

 

Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted

 

 

148,643

 

 

 

148,586

 

 

 

150,192

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributable to common stockholders, basic

 

$

1.40

 

 

$

0.69

 

 

$

0.06

 

Net income per share attributable to common stockholders, diluted

 

$

1.36

 

 

$

0.67

 

 

$

0.06

 

Summary of Weighted Average Outstanding Shares Excluded from Computation of Diluted Net Income Per Share Attributable to Common Stockholders

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):

 

 

 

Year Ended January 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

 

 

 

7

 

 

 

 

Restricted stock units

 

 

3

 

 

 

57

 

 

 

87

 

Employee stock purchase plan

 

 

107

 

 

 

664

 

 

 

831

 

Shares related to convertible preferred stock

 

 

18,540

 

 

 

18,587

 

 

 

18,540

 

Shares related to the convertible senior notes

 

 

227

 

 

 

 

 

 

 

Total

 

 

18,877

 

 

 

19,315

 

 

 

19,458