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Net Income (Loss) per Share Attributable to Common Stockholders
9 Months Ended
Oct. 31, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to Common Stockholders Net Income (Loss) per Share Attributable to Common Stockholders
The Company computes net income (loss) per share attributable to common stockholders under the two-class method required for multiple classes of common stock and participating securities. The rights of the Class A common stock and Class B common stock were substantially identical, other than voting rights. Accordingly, the net income (loss) per share attributable to common stockholders will be the same for Class A and Class B common stock on an individual or combined basis. The dilutive effect of the Company’s securities was calculated using the treasury stock method. As discussed above, the Company completed a rights offering in October 2025. As the exercise price for the rights offering was lower than the Company’s stock price, the rights offering contained a bonus element similar to a stock dividend. The Company adjusted the weighted-average shares used in computing net income (loss) per share for all periods presented to reflect the bonus element. The Company’s computation of weighted-average shares also reflects the 26,175,193 shares issued to the Company’s lender in exchange for debt for the period as of and following the completion of the Recapitalization Transactions. See “Note 4 - Recapitalization Transactions” for additional information.
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders:
Three Months Ended October 31,Nine Months Ended October 31,
2025
2024
2025
2024
Numerator:
Net income (loss) attributable to common stockholders
$76.5 $(18.9)$24.0 $(56.5)
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic
5,586,257 4,017,222 4,669,517 3,925,414 
Dilutive effect of options, warrants and RSUs
16,314 — 32,590 — 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted
5,602,571 4,017,222 4,702,107 3,925,414 
Net income (loss) per share attributable to common stockholders, basic
$13.69 $(4.70)$5.14 $(14.39)
Net income (loss) per share attributable to common stockholders, diluted
$13.65 $(4.70)$5.10 $(14.39)
The following potentially dilutive outstanding securities based on amounts outstanding at each period end were excluded from the computation of diluted income (loss) per share attributable to common stockholders because including them would have been anti-dilutive:
Nine Months Ended October 31,
20252024
Stock options
17,004 34,334 
Common stock warrants
131,574 131,574 
RSUs105,110 389,526 
Total
253,688 555,434