Operating Leases

3 Months Ended

Apr. 30, 2025

Note 6: Operating Leases

The Company leases its headquarters located in Sunnyvale, California, as well as office space and data center facilities in several locations under non-cancelable operating lease agreements, with expiration dates through fiscal 2033.

Supplemental balance sheet information related to leases was as follows (in thousands):


		As of
	April 30, 2025		January 31, 2025
Assets
Operating lease right-of-use assets	$	14,862	$	15,311
Total leased assets	$	14,862	$	15,311
Liabilities
Short-term operating lease liabilities	$	3,831	$	3,713
Long-term operating lease liabilities		11,773		12,234
Total lease liabilities	$	15,604	$	15,947

Weighted-average remaining lease term		5.0 years		5.2 years
Weighted-average discount rate		6.3%		6.3%

Operating lease right-of-use assets and long-term operating lease liabilities are included on the face of the consolidated balance sheet. Short-term operating lease liabilities are presented within accrued expenses and other current liabilities.

The Company incurred total lease costs in its condensed consolidated statements of operations of $1.7 million and $1.6 million for the three months ended April 30, 2025 and 2024, respectively.

Supplemental cash flow information related to leases was as follows (in thousands):


		Three Months Ended
	April 30, 2025		April 30, 2024
Cash payments for operating leases	$	934	$	983
Right-of-use assets recognized in exchange for new operating lease obligations	$	343	$	310

As of April 30, 2025, maturities of operating lease liabilities were as follows (in thousands):


Fiscal Years Ending January 31,	April 30, 2025
2026 remainder	$	2,875
2027		4,229
2028		4,033
2029		2,810
2030		1,296
Thereafter		3,333
Total future minimum lease payments		18,576
Less: imputed interest		(2,972)
Present value of lease liabilities	$	15,604