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Net Income (Loss) Per Share | 9 Months Ended
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Oct. 31, 2023
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Income (Loss) Per Share The Company has two classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net income (loss) per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis. Basic income (loss) per share is computed by dividing net income (loss) attributable to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted net income (loss) per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, restricted stock units and other awards. In periods of net loss, diluted loss per share is computed on the same basis as basic loss per share as the inclusion of any other potential shares outstanding would be anti-dilutive. The following table sets forth the computation of basic and diluted net income (loss) per share:
| Three Months Ended October 31, |  | Nine Months Ended October 31,
(in thousands, except per share amounts) | 2023 |  | 2022 |  | 2023 |  | 2022
Net income (loss) per share – basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 16,967 |  |  | $ | (5,860) |  |  | $ | 30,260 |  |  | $ | (55,075) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding used in computing net income (loss) per share, basic | 271,202 |  | 260,285 |  | 268,596 |  | 258,677 |
Net income (loss) per common share, basic | $ | 0.06 |  |  | $ | (0.02) |  |  | $ | 0.11 |  |  | $ | (0.21) |
Net income (loss) per share – diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 16,967 |  |  | $ | (5,860) |  |  | $ | 30,260 |  |  | $ | (55,075) |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding used in computing net income (loss) per share, basic | 271,202 |  |  | 260,285 |  |  | 268,596 |  |  | 258,677 |
Weighted-average effect of diluted securities: |  |  |  |  |  |  |
Stock options | 12,059 |  |  | — |  |  | 12,067 |  |  | — |
RSUs | 4,072 |  |  | — |  |  | 4,743 |  |  | — |
Common stock warrants | 742 |  |  | — |  |  | 579 |  |  | — |
ESPP | 46 |  |  | — |  |  | — |  |  | — |
Weighted-average shares outstanding used in computing net income (loss) per share, diluted | 288,121 |  |  | 260,285 |  |  | 285,985 |  |  | 258,677 |
Net income (loss) per common share, diluted | $ | 0.06 |  |  | $ | (0.02) |  |  | $ | 0.11 |  |  | $ | (0.21) |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
| Three Months Ended October 31, |  | Nine Months Ended October 31,
(in thousands) | 2023 |  | 2022 |  | 2023 |  | 2022
Stock options | 2,544 |  |  | 36,033 |  |  | 2,832 |  |  | 36,033 |
PSUs and other performance-based awards | 780 |  |  | 2,295 |  |  | 780 |  |  | 2,295 |
RSUs | 19 |  |  | 9,202 |  |  | 466 |  |  | 9,202 |
ESPP | — |  |  | 409 |  |  | 493 |  |  | 409 |
Warrants to purchase common stock | — |  |  | 2,500 |  |  | — |  |  | 2,500 |
Total shares excluded from net income (loss) per share | 3,343 |  |  | 50,439 |  |  | 4,571 |  |  | 50,439 |

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