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Stock-based Compensation (Tables)
3 Months Ended
Apr. 30, 2025
Share-Based Payment Arrangement [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,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Stock-based compensation:

 

 

 

 

 

 

Cost of revenue

 

$

951

 

 

$

607

 

Research and development

 

 

17,585

 

 

 

17,621

 

Selling, general and administrative

 

 

7,594

 

 

 

7,808

 

Total stock-based compensation

 

$

26,130

 

 

$

26,036

 

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,

 

 

 

2025

 

 

2024

 

Employee stock purchase plan awards:

 

 

 

 

 

 

Volatility

 

 

54

%

 

 

39

%

Risk-free interest rate

 

 

4.29

%

 

 

5.38

%

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:

 

 

 

Options 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, 2025

 

 

226,616

 

 

$

52.20

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(12,905

)

 

 

44.38

 

 

 

 

$

343

 

 

 

 

 

 

 

Expired

 

 

(4,600

)

 

 

64.39

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 30, 2025

 

 

209,111

 

 

 

52.42

 

 

 

 

 

 

 

 

2.82

 

 

$

930

 

Exercisable at April 30, 2025

 

 

204,454

 

 

$

52.94

 

 

 

 

 

 

 

 

2.76

 

 

$

843

 

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, 2025

 

 

2,645,379

 

 

$

71.84

 

Granted

 

 

501,725

 

 

 

67.13

 

Vested

 

 

(362,141

)

 

 

71.78

 

Forfeited

 

 

(144,799

)

 

 

95.19

 

Unvested at April 30, 2025

 

 

2,640,164

 

 

$

69.68