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Stockholders' Equity (Tables)
9 Months Ended
Oct. 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(857)3.31 
Stock options cancelled(1)0.93 
Balances at October 31, 20255,213 $3.51 2.9$54,986 
Vested and exercisable at October 31, 20255,103 $3.53 2.9$53,668 
Vested and expected to vest at October 31, 20255,213 $3.51 2.9$54,986 
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 October 31,Nine Months Ended October 31,
2025202420252024
Aggregate intrinsic value of stock options exercised (in thousands)$2,966 $7,106 $10,672 $14,902 
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 granted6,233 17.24 
RSUs vested(8,030)19.27 
RSUs cancelled/forfeited(4,598)18.29 
Unvested RSUs at October 31, 202515,126 $17.55 $212,520 
RSUs vested, not yet released at October 31, 2025384 $37.16 
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 nine months ended October 31, 2025:
October 31, 2025
Risk-free interest rate3.74 %
Expected term3.0 years
Dividend yield— %
Expected volatility72.57 %
Schedule of PSU Activity
The Company’s PSU 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 PSUs at January 31, 2025— $— $— 
PSUs granted944 20.23 
PSUs vested— — 
PSUs cancelled/forfeited— — 
Unvested PSUs at October 31, 2025944 $20.23 $13,261 
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 October 31,Nine Months Ended October 31,
2025202420252024
Cost of revenues$439 $354 $1,280 $1,030 
Research and development26,109 28,087 81,450 88,872 
Sales and marketing13,560 15,837 46,483 48,334 
General and administrative14,638 7,677 35,854 22,466 
Total stock-based compensation expense$54,746 $51,955 $165,067 $160,702 
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 October 31, 2025
Unrecognized Expense
(in thousands)
Weighted-Average Expected Recognition Period
(in years)
Stock options$122 2.4
RSUs221,871 1.9
PSUs16,506 2.1
Total unrecognized stock-based compensation expense$238,499 1.9
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 October 31,Nine Months Ended October 31,
2025202420252024
Number of shares repurchased2,183 4,494 5,175 5,940 
Weighted-average price per share
$14.10 $12.23 $14.33 $12.57 
Aggregate purchase price
$30,785 $54,969 $74,183 $74,690