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Stock-based Compensation (Tables)
3 Months Ended
Apr. 30, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Classification of Stock-based Compensation

The following table presents the classification of stock-based compensation for the periods indicated:

 

 

 

Three Months Ended April 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Stock-based compensation:

 

 

 

 

 

 

Cost of revenue

 

$

941

 

 

$

349

 

Research and development

 

 

18,361

 

 

 

17,151

 

Selling, general and administrative

 

 

7,963

 

 

 

9,541

 

Total stock-based compensation

 

$

27,265

 

 

$

27,041

 

Weighted-Average Assumptions Used to Estimate Fair Value

The following table sets forth the weighted-average assumptions used to estimate the fair value of employee stock purchase plan awards for the periods indicated:

 

 

 

Three Months Ended April 30,

 

 

 

2023

 

 

2022

 

Employee stock purchase plan awards:

 

 

 

 

 

 

Volatility

 

 

59

%

 

 

89

%

Risk-free interest rate

 

 

4.73

%

 

 

0.86

%

Expected term (years)

 

0.5

 

 

0.5

 

Dividend yield

 

 

0

%

 

 

0

%

Stock Option Activities

The following table summarizes stock option activities for the period indicated:

 

 

 

Option Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Intrinsic

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

Value Of

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

Weighted-

 

 

Average

 

Options

 

 

Contractual

 

 

Intrinsic

 

 

 

 

 

 

Average

 

 

Grant-date

 

Exercised

 

 

Term

 

 

Value

 

 

 

Shares

 

 

Exercise Price

 

 

Fair Value

 

(in thousands)

 

 

(in years)

 

 

(in thousands)

 

Outstanding at January 31, 2023

 

 

484,791

 

 

$

42.18

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(28,334

)

 

 

23.02

 

 

 

 

$

1,758

 

 

 

 

 

 

 

Forfeited

 

 

(648

)

 

 

41.49

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 30, 2023

 

 

455,809

 

 

 

43.37

 

 

 

 

 

 

 

 

4.20

 

 

$

17,106

 

Exercisable at April 30, 2023

 

 

361,063

 

 

$

45.54

 

 

 

 

 

 

 

 

3.50

 

 

$

12,700

 

Restricted Stock Unit Activities

The following table summarizes restricted stock unit activities for the period indicated:

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

 

 

 

Grant-Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at January 31, 2023

 

 

2,573,359

 

 

$

86.81

 

Granted

 

 

419,517

 

 

 

88.91

 

Vested

 

 

(439,662

)

 

 

75.89

 

Forfeited

 

 

(63,023

)

 

 

67.28

 

Unvested at April 30, 2023

 

 

2,490,191

 

 

$

89.59