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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2026

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,
		2026				2025				2024
United States		$	21,047			$	13,890			$	14,174
Foreign			77,682				71,270				48,412
Total		$	98,729			$	85,160			$	62,586

Schedule of Components of Benefit from Income Taxes

The components of benefit from income taxes were as follows (in thousands):

		Year Ended January 31,
		2026				2025				2024
Current:
Federal		$	20			$	—			$	—
State			1,330				1,196				1,887
Foreign			13,540				10,568				6,959
Total			14,890				11,764				8,846
Deferred:
Federal			(38,611	)			(154,032	)			(91	)
State			855				(23,614	)			59
Foreign			6,212				6,421				(75,260	)
Total			(31,544	)			(171,225	)			(75,292	)
Benefit from income taxes		$	(16,654	)		$	(159,461	)		$	(66,446	)

Schedule of Reconciliation of the Statutory U.S. Federal Income Tax Rate and the Benefit from Income Taxes

A reconciliation of the benefit from income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes for the year ended January 31, 2026, after the adoption of ASU 2023-09, is as follows (in thousands):

				Year Ended January 31, 2026
				$				%
Tax at statutory federal rate				$	20,763				21.0	%
State and local income taxes, net of federal benefit (1)					1,883				1.9	%
Foreign tax effects:
Japan
Statutory rate difference between Japan and United States					1,544				1.6	%
Other		-			(498	)			(0.5	)%
United Kingdom
Statutory rate difference between United Kingdom and United States					2,314				2.3	%
Stock-based compensation windfalls					(2,065	)			(2.1	)%
Intra-group transfer of intellectual property					(1,318	)			(1.3	)%
Other					(99	)			(0.1	)%
Netherlands
Prior period examination adjustment					3,173				3.2	%
Other					57				0.1	%
Other foreign jurisdictions					320				0.3	%
Effect of cross-border tax laws:
Global intangible low-taxed income					3,498				3.5	%
Subpart F income inclusion					1,473				1.5	%
Tax credits:
Research and development tax credits					(22,258	)			(22.5	)%
Nontaxable or nondeductible items:
Non-deductible stock-based compensation					12,626				12.8	%
Stock-based compensation windfalls					(6,448	)			(6.5	)%
Other					1,041				1.1	%
Changes in unrecognized tax benefits					(32,703	)			(33.1	)%
Other Adjustments					43				0.0	%
Total benefit from income taxes				$	(16,654	)			(16.8	)%

(1)The states that contribute to the majority (greater than 50%) of the tax effect in this category include Illinois, New Jersey, New York, and Massachusetts.

A reconciliation of the benefit from income taxes to the amount computed by applying the 21% statutory U.S. federal income tax rate to income before income taxes for the years ended January 31, 2025 and 2024, prior to the adoption of ASU 2023-09, is as follows (in thousands):

		Year Ended January 31,
		2025				2024
Tax at statutory federal rate		$	17,884			$	13,139
State taxes, net of federal benefit			2,782				3,792
U.S. tax on foreign earnings			17,389				14,569
Foreign rate difference			2,022				819
Nondeductible expenses			828				701
Induced conversion expense			2,129				—
Research and development credit			(7,880	)			(7,916	)
Change in reserve for unrecognized tax benefits			7,880				7,916
Stock-based compensation			1,032				3,555
Change in valuation allowance, including the effect of tax rate change			(203,542	)			(102,573	)
Other			15				(448	)
Total benefit from income taxes		$	(159,461	)		$	(66,446	)

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,
		2026				2025
Deferred tax assets:
Net operating loss carryover		$	119,976			$	149,519
Capitalized research and development			104,649				93,398
Depreciation and amortization			14,787				11,218
Operating lease liabilities			20,550				20,582
Tax credit carryover			97,879				4,058
Other			14,976				16,319
Total deferred tax assets			372,817				295,094
Valuation allowance			(66,601	)			(28,526	)
Total deferred tax assets, net of valuation allowance			306,216				266,568
Deferred tax liabilities:
Operating lease right-of-use assets, net			(17,033	)			(15,307	)
Deferred commissions			(4,273	)			(3,502	)
Goodwill with indefinite life amortization			(2,302	)			(1,932	)
Other			(1,499	)			(57	)
Total deferred tax liabilities			(25,107	)			(20,798	)
Net deferred tax assets		$	281,109			$	245,770

Schedule of Reconciliation of Unrecognized Tax Benefit

A reconciliation of the gross unrecognized tax benefits is as follows (in thousands):

		Year Ended January 31,
		2026				2025				2024
Unrecognized tax benefits—beginning of period		$	132,574			$	118,981			$	103,636
Reductions for tax positions related to prior year			(69,833	)			(49	)			—
Additions for tax positions related to prior year			—				—				1,733
Additions for tax positions related to current year			3,764				13,642				13,612
Unrecognized tax benefits—end of period		$	66,505			$	132,574			$	118,981

Summary of Cash Paid for Income Taxes Net of Refund Received

The amounts of cash paid for income taxes, net of refunds received, were as follows (in thousands):

		Year Ended January 31,
		2026
State		$	1,327
Foreign:
United Kingdom			7,866
Japan			1,148
Netherlands			808
Poland			796
Other			565
Cash paid for income taxes, net of refunds received		$	12,510

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