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Stockholders' Equity
 9 Months Ended
Oct. 31, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Rights Offering

See “Note 4 - Recapitalization Transactions” for information regarding the rights offering.

Common Stock
Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock are entitled to twenty votes per share, as well as dividends if and when declared by the Board and, upon liquidation, dissolution, winding up or other liquidation event of the Company, all assets available for distribution to common stockholders. There are no redemption provisions with respect to common stock.

In connection with the closing of the Recapitalization Transactions, all outstanding shares of the Company’s Class B common stock were converted into shares of Class A common stock on a one-for-one basis, such that no shares of Class B common stock remain outstanding. However, Ms. Hyman holds a RSU award relating to 159 shares of Class B common stock that is subject to delayed settlement in connection with the Recapitalization Transactions. See “Note 4 — Recapitalization Transactions” and Note 13 — “Share-based Compensation Plans” in the Notes to the Condensed Consolidated Financial Statements for more information.
Preferred Stock
Upon the IPO, the Company authorized 10,000,000 shares of preferred stock, with a par value of $0.001 per share. No shares were issued or outstanding as of October 31, 2025.
Warrants
As of October 31, 2025 and January 31, 2025, the Company had the following outstanding warrants:
Outstanding WarrantsDate
Issued		Number of
Shares		Class of
Shares		Exercise
Price (Per Warrant)		Fair Value
at Issuance
Equity classified:
TriplePointNov-164,144 Common$150.80 $0.3 
TriplePointJun-17911 Common150.80 0.1 
TriplePointSep-17746 Common150.80 0.1 
TriplePointJan-18828 Common150.80 0.1 
TriplePointApr-18828 Common150.80 0.1 
TriplePointNov-151,760 Common340.77 0.2 
TriplePointJun-161,408 Common340.77 0.2 
TriplePointSep-161,232 Common340.77 0.1 
CHS (US) Management LLCOct-2119,717 Common420.00 5.3 
CHS (US) Management LLCJan-23100,000 Common100.00 6.9 
131,574 $13.4 
As of October 31, 2025 and January 31, 2025, all outstanding warrants were equity-classified and recorded as additional paid-in capital. Equity-classified contracts are not subsequently remeasured unless reclassification is required from equity to liability classification.
The fair value was estimated using the Black-Scholes option pricing model. The fair value is subjective and is affected by changes in inputs to the valuation model including the fair value per share of the underlying stock, the expected term of each warrant, volatility of the Company’s stock and peer company stock, and risk-free rates based on the U.S. Treasury yield curves.