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Leases | 6 Months Ended
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Jul. 31, 2025
Leases [Abstract] |
Leases | Leases The Company leases real estate facilities under non-cancelable operating leases with various expiration dates through fiscal 2034. The Company has no lease agreements that are classified as finance leases. Future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s total operating lease liabilities as of July 31, 2025 are as follows (in thousands):
Fiscal year ending January 31, | Operating Lease Payments (Net)
Remainder of fiscal year 2026 | $ | 21,898 |
2027 | 42,466 |
2028 | 40,116 |
2029 | 36,811 |
2030 and thereafter | 162,830 |
Total undiscounted operating lease payments | $ | 304,121 |
Less: imputed interest | (88,595) |
Total operating lease liabilities | $ | 215,526 |
The Company has subleased certain office spaces to third parties and has classified the subleases as operating leases. The subleases have lease terms of four and five years, respectively. Sublease income was $0.6 million and $1.2 million for the three and six months ended July 31, 2025, respectively. Sublease income was $0.5 million and $0.9 million for the three and six months ended July 31, 2024, respectively. The Company recognizes sublease income as a reduction of lease expense in the Company’s condensed consolidated statements of operations. As of July 31, 2025, the Company has a commitment of $2.2 million for an operating lease that has not yet commenced, and therefore is not included in the ROU asset or operating lease liabilities. The foregoing operating lease will commence in the first quarter of fiscal 2027, with a lease term of seven years. On August 1, 2025, the Company entered into an operating lease which will commence in the third quarter of fiscal 2026, with a lease term of seven years. The Company has a commitment of $5.9 million related to this lease, which will be reflected in the ROU asset and lease liabilities upon lease commencement. Operating lease amounts in the table above do not include sublease payments to be received of $8.9 million. As of July 31, 2025, the future total minimum sublease payments to be received were as follows (in thousands):
Fiscal year ending January 31, | Sublease Payments to be Received
Remainder of fiscal year 2026 | $ | 1,360 |
2027 | 2,777 |
2028 | 2,861 |
2029 | 1,877 |
Total sublease payments to be received | $ | 8,875 |
Leases | Leases The Company leases real estate facilities under non-cancelable operating leases with various expiration dates through fiscal 2034. The Company has no lease agreements that are classified as finance leases. Future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s total operating lease liabilities as of July 31, 2025 are as follows (in thousands):
Fiscal year ending January 31, | Operating Lease Payments (Net)
Remainder of fiscal year 2026 | $ | 21,898 |
2027 | 42,466 |
2028 | 40,116 |
2029 | 36,811 |
2030 and thereafter | 162,830 |
Total undiscounted operating lease payments | $ | 304,121 |
Less: imputed interest | (88,595) |
Total operating lease liabilities | $ | 215,526 |
The Company has subleased certain office spaces to third parties and has classified the subleases as operating leases. The subleases have lease terms of four and five years, respectively. Sublease income was $0.6 million and $1.2 million for the three and six months ended July 31, 2025, respectively. Sublease income was $0.5 million and $0.9 million for the three and six months ended July 31, 2024, respectively. The Company recognizes sublease income as a reduction of lease expense in the Company’s condensed consolidated statements of operations. As of July 31, 2025, the Company has a commitment of $2.2 million for an operating lease that has not yet commenced, and therefore is not included in the ROU asset or operating lease liabilities. The foregoing operating lease will commence in the first quarter of fiscal 2027, with a lease term of seven years. On August 1, 2025, the Company entered into an operating lease which will commence in the third quarter of fiscal 2026, with a lease term of seven years. The Company has a commitment of $5.9 million related to this lease, which will be reflected in the ROU asset and lease liabilities upon lease commencement. Operating lease amounts in the table above do not include sublease payments to be received of $8.9 million. As of July 31, 2025, the future total minimum sublease payments to be received were as follows (in thousands):
Fiscal year ending January 31, | Sublease Payments to be Received
Remainder of fiscal year 2026 | $ | 1,360 |
2027 | 2,777 |
2028 | 2,861 |
2029 | 1,877 |
Total sublease payments to be received | $ | 8,875 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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