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Stockholders' Equity (Tables)
6 Months Ended
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, 20256,071 $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, 20255,477 $3.48 3.1$61,383 
Vested and exercisable at July 31, 20255,354 $3.50 3.1$59,835 
Vested and expected to vest at July 31, 20255,477 $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,
2025202420252024
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, 202521,521 $18.44 $459,258 
RSUs granted5,931 17.40 
RSUs vested(4,931)19.68 
RSUs cancelled/forfeited(3,226)18.40 
Unvested RSUs at July 31, 202519,295 $17.81 $283,251 
RSUs vested, not yet released at July 31, 2025451 $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 rate3.7 %
Expected term3.0 years
Dividend yield— %
Expected volatility72.6 %
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 granted944 20.23 
PSUs vested— — 
PSUs cancelled/forfeited— — 
Unvested PSUs at July 31, 2025944 $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,
2025202420252024
Cost of revenues$497 $393 $841 $676 
Research and development30,977 34,045 55,341 60,785 
Sales and marketing18,100 17,249 32,923 32,497 
General and administrative12,580 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
RSUs294,887 2.2
PSUs18,817 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,
2025202420252024
Number of shares repurchased1,958 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