Operating Leases

9 Months Ended

Oct. 31, 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
	October 31, 2025		January 31, 2025
Assets
Operating lease right-of-use assets	$	14,234	$	15,311
Total leased assets	$	14,234	$	15,311
Liabilities
Short-term operating lease liabilities	$	4,211	$	3,713
Long-term operating lease liabilities		11,021		12,234
Total lease liabilities	$	15,232	$	15,947

Weighted-average remaining lease term		4.6 years		5.2 years
Weighted-average discount rate		6.4%		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 $1.8 million and $1.6 million for the three months ended October 31, 2025 and 2024, respectively, and $5.3 million and $4.8 million for the nine months ended October 31, 2025 and 2024, respectively.

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


		Three Months Ended				Nine Months Ended
	October 31, 2025		October 31, 2024		October 31, 2025		October 31, 2024
Cash payments for operating leases	$	966	$	962	$	2,855	$	2,871
Right-of-use assets recognized in exchange for new operating lease obligations	$	289	$	269	$	1,393	$	579

As of October 31, 2025, maturities of operating lease liabilities were as follows (in thousands):


Fiscal Years Ending January 31,	October 31, 2025
2026 remainder	$	1,023
2027		4,405
2028		4,222
2029		3,366
2030		1,522
Thereafter		3,390
Total future minimum lease payments		17,928
Less: imputed interest		(2,696)
Present value of lease liabilities	$	15,232