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Leases
6 Months Ended
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 
202742,466 
202840,116 
202936,811 
2030 and thereafter162,830 
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 
20272,777 
20282,861 
20291,877 
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 
202742,466 
202840,116 
202936,811 
2030 and thereafter162,830 
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 
20272,777 
20282,861 
20291,877 
Total sublease payments to be received$8,875