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Stockholders' Equity (Tables) | 6 Months Ended
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Jul. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Options Activity | Option activity under the Company’s combined stock plans is set forth below (in thousands, except years and per share data):
| Number of Shares |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Balances at January 31, 2025 | 6,071 |  |  | $ | 3.48 |  |  | 3.6 |  | $ | 108,457 |
Stock options granted | — |  |  | — |  |  |  |  |
Stock options exercised | (593) |  |  | 3.50 |  |  |  |  |
Stock options cancelled | (1) |  |  | 0.93 |  |  |  |  |
Balances at July 31, 2025 | 5,477 |  |  | $ | 3.48 |  |  | 3.1 |  | $ | 61,383 |
Vested and exercisable at July 31, 2025 | 5,354 |  |  | $ | 3.50 |  |  | 3.1 |  | $ | 59,835 |
Vested and expected to vest at July 31, 2025 | 5,477 |  |  | $ | 3.48 |  |  | 3.1 |  | $ | 61,383 |
Schedule of Total Intrinsic Value of Options | The total intrinsic value of stock options exercised during the periods presented were as follows:
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Aggregate intrinsic value of stock options exercised (in thousands) | $ | 3,123 |  |  | $ | 3,285 |  |  | $ | 7,706 |  |  | $ | 7,795 |
Schedule of RSU Activity | The Company’s RSU activity is set forth below (in thousands, except per share data):
| Number of Shares |  | Weighted- Average Grant Date Fair Value Per Share |  | Aggregate Intrinsic Value
Unvested RSUs at January 31, 2025 | 21,521 |  |  | $ | 18.44 |  |  | $ | 459,258 |
RSUs granted | 5,931 |  |  | 17.40 |  |  |
RSUs vested | (4,931) |  |  | 19.68 |  |  |
RSUs cancelled/forfeited | (3,226) |  |  | 18.40 |  |  |
Unvested RSUs at July 31, 2025 | 19,295 |  |  | $ | 17.81 |  |  | $ | 283,251 |
RSUs vested, not yet released at July 31, 2025 | 451 |  |  | $ | 36.75 |  |  |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following assumptions were used to calculate the fair value of the Market-Based Awards granted during the three and six months ended July 31, 2025:
| July 31, 2025 |  |
Risk-free interest rate | 3.7 | % |  |
Expected term | 3.0 years |  |
Dividend yield | — | % |  |
Expected volatility | 72.6 | % |  |
Schedule of PSU Activity |
| Number of Shares |  | Weighted- Average Grant Date Fair Value Per Share |  | Aggregate Intrinsic Value
Unvested PSUs at January 31, 2025 | — |  |  | $ | — |  |  | $ | — |
PSUs granted | 944 |  |  | 20.23 |  |  |
PSUs vested | — |  |  | — |  |  |
PSUs cancelled/forfeited | — |  |  | — |  |  |
Unvested PSUs at July 31, 2025 | 944 |  |  | $ | 20.23 |  |  | $ | 13,855 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense for stock-based awards to employees and non-employees in the Company’s condensed consolidated statements of operations for the periods below were as follows (in thousands):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of revenues | $ | 497 |  |  | $ | 393 |  |  | $ | 841 |  |  | $ | 676 |
Research and development | 30,977 |  |  | 34,045 |  |  | 55,341 |  |  | 60,785 |
Sales and marketing | 18,100 |  |  | 17,249 |  |  | 32,923 |  |  | 32,497 |
General and administrative | 12,580 |  |  | 8,420 |  |  | 21,216 |  |  | 14,789 |
Total stock-based compensation expense | $ | 62,154 |  |  | $ | 60,107 |  |  | $ | 110,321 |  |  | $ | 108,747 |
Schedule of Unrecognized Stock-Based Compensation Expense Related to Unvested Awards | Total unrecognized stock-based compensation expense related to unvested awards not yet recognized under all equity compensation plans was as follows:
| As of July 31, 2025
| Unrecognized Expense (in thousands) |  | Weighted-Average Expected Recognition Period (in years)
Stock options | $ | 139 |  |  | 2.6
RSUs | 294,887 |  |  | 2.2
PSUs | 18,817 |  |  | 2.3
Total unrecognized stock-based compensation expense | $ | 313,843 |  |  | 2.2
Schedule of Stock Repurchase Activity | The following table summarizes the stock repurchase activity under the Company’s Repurchase Program (in thousands, except per share data):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Number of shares repurchased | 1,958 |  |  | 1,446 |  |  | 2,992 |  |  | 1,446 |
Weighted-average price per share | $ | 14.20 |  |  | $ | 13.64 |  |  | $ | 14.51 |  |  | $ | 13.64 |
Aggregate purchase price | $ | 27,792 |  |  | $ | 19,721 |  |  | $ | 43,398 |  |  | $ | 19,721 |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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