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Stock-Based Compensation (Tables)
3 Months Ended
Apr. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information

The following table summarizes the stock option activity under the equity incentive plans and related information:

 

 

 

Shares Subject to Options Outstanding

 

 

Weighted-
Average

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Remaining

 

 

 

 

 

 

 

 

 

Average Exercise

 

 

Contractual Life

 

 

Aggregate

 

 

 

Shares

 

 

Price

 

 

(Years)

 

 

Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Balance as of January 31, 2025

 

 

1,012,385

 

 

$

17.90

 

 

 

2.80

 

 

$

15,679

 

Options exercised

 

 

(11,534

)

 

 

17.55

 

 

 

 

 

 

 

Balance as of April 30, 2025

 

 

1,000,851

 

 

$

17.91

 

 

 

2.59

 

 

$

13,325

 

Exercisable as of April 30, 2025

 

 

1,000,851

 

 

$

17.91

 

 

 

2.59

 

 

$

13,325

 

Summary of Restricted Stock Unit Activity Under Equity Incentive Plans and Related Information

The following table summarizes the restricted stock unit activity, inclusive of performance-based and market-based restricted stock units, under the equity incentive plans and related information:

 

 

 

Number of

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock Units

 

 

Grant Date

 

 

 

Outstanding

 

 

Fair Value

 

Unvested balance - January 31, 2025

 

 

14,676,374

 

 

$

28.04

 

Granted

 

 

6,395,780

 

 

 

30.07

 

Vested

 

 

(2,307,940

)

 

 

27.49

 

Forfeited/cancelled

 

 

(334,878

)

 

 

28.01

 

Unvested balance - April 30, 2025

 

 

18,429,336

 

 

$

28.82

 

Summary of Components of Stock-Based Compensation Expense

The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended

 

 

 

April 30,

 

 

 

2025

 

 

2024

 

Cost of revenue

 

$

4,832

 

 

$

4,621

 

Research and development

 

 

18,806

 

 

 

17,819

 

Sales and marketing

 

 

17,867

 

 

 

17,783

 

General and administrative

 

 

13,389

 

 

 

10,939

 

Total stock-based compensation

 

$

54,894

 

 

$

51,162