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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 115,383 $ 244,621 $ 129,032
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 32,908 22,103 51,241
Stock-based compensation expense 233,716 219,003 198,783
Amortization of deferred commissions 53,343 52,561 54,227
Deferred income taxes (31,544) (171,225) (75,292)
Induced conversion expense 0 10,139 0
Other (5,551) (2,101) 2,478
Changes in operating assets and liabilities      
Accounts receivable, net (31,215) (14,478) (21,876)
Deferred commissions (56,449) (52,333) (44,482)
Operating lease right-of-use assets, net 21,541 23,279 35,174
Other assets (3,313) (5,386) 7,256
Accounts payable, accrued expenses and other liabilities 6,805 6,391 (1,179)
Operating lease liabilities (26,111) (28,062) (49,349)
Deferred revenue 46,937 27,745 32,714
Net cash provided by operating activities 356,450 332,257 318,727
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of short-term investments (104,363) (121,338) (169,416)
Maturities of short-term investments 102,600 119,896 107,950
Sales of short-term investments 0 3,567 0
Purchases of property and equipment (6,074) (2,573) (4,703)
Proceeds from sales of property and equipment 309 8,395 2,860
Capitalized internal-use software costs (35,174) (27,633) (16,561)
Other 0 (3,525) (2,922)
Net cash used in investing activities (42,702) (23,211) (82,792)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of 2029 Convertible Notes, net of issuance costs 0 447,795 0
Partial repurchase of 2026 Convertible Notes 0 (191,713) 0
Purchase of 2029 Capped Calls 0 (52,486) 0
Settlement of 2026 Capped Calls 0 30,313 0
Principal payments on borrowings 0 (30,000) 0
Principal payments upon maturity of 2026 Convertible Notes (205,000) 0 0
Repurchases of common stock (289,845) (211,060) (177,131)
Payments of dividends to preferred stockholders (15,000) (15,000) (14,943)
Proceeds from exercise of stock options 1,455 19,050 1,343
Proceeds from issuances of common stock under employee stock purchase plan 27,168 25,910 26,860
Employee payroll taxes paid for net settlement of stock awards (85,278) (79,256) (74,651)
Principal payments of finance lease liabilities 0 (2,141) (30,176)
Other (3,022) (3,774) (4,198)
Net cash used in financing activities (569,522) (62,362) (272,896)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 6,352 (4,831) (7,822)
Net (decrease) increase in cash, cash equivalents, and restricted cash (249,422) 241,853 (44,783)
Cash, cash equivalents, and restricted cash, beginning of period [1] 626,110 384,257 429,040
Cash, cash equivalents, and restricted cash, end of period [1] $ 376,688 $ 626,110 $ 384,257
[1] Restricted cash is included in other current assets in the consolidated balance sheets for the periods presented.