v3.24.3
Equity (Tables)
 9 Months Ended
Oct. 31, 2024
Equity [Abstract]  
Schedule of Stock Reserved For Future Issuance
The Company had shares of common stock reserved for future issuance as follows (in thousands):
October 31, 2024January 31, 2024
Class A and Class B common stock
Options issued and outstanding6,617 8,503 
Shares available for issuance under Equity Incentive Plans29,641 24,868 
RSUs and PSUs issued and outstanding11,820 10,930 
Shares reserved for issuance to charitable organizations1,231 1,404 
ESPP 6,722 5,398 
Total56,031 51,103 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The awards available for grant under the above Plans for the periods presented were as follows (in thousands):
October 31, 2024January 31, 2024
Available at beginning of period 24,868 21,483 
Awards authorized7,878 7,557 
RSUs and PSUs granted(4,743)(6,258)
RSUs and PSUs canceled and forfeited1,530 1,292 
Options canceled and forfeited108 777 
Options repurchased— 17 
Available at end of period 29,641 24,868 
Share-based Payment Arrangement, Option, Activity
The following table summarizes options activity under the Plans, and related information:
Number of Stock Options Outstanding (in thousands)Weighted Average Exercise PriceWeighted Average Remaining YearsAggregate Intrinsic value (in millions)
Balances at January 31, 20248,503 $13.03 5.85$499.2 
Options granted— — — 
Options exercised(1,778)10.07 — 
Options canceled(11)13.95 — 
Options forfeited(97)18.36 — 
Balances at October 31, 2024
6,617 $13.66 5.41$265.3 
Options vested at October 31, 2024
5,749 $12.91 5.25$234.8 
Options vested and expected to vest at October 31, 2024
6,617 $13.66 5.41$265.3 
Schedule of Restricted Stock Units Activity
The following table summarizes the Company’s RSU activity:
Number of Shares (in thousands) (1)
Weighted-
Average
grant date
fair value
Balances at January 31, 20247,701 $47.20 
Granted4,743 53.38 
Vested(2,323)49.15 
Canceled/forfeited(1,530)49.28 
Balances at October 31, 2024
8,591 $49.69 
(1) The table above does not include 3 million RSUs granted to the Company’s founder and the Chief Executive Officer (“CEO”) described below.
Schedule of Share Based Compensation Expense
The Company recognized stock-based compensation expense as follows (in thousands):
Three Months Ended October 31,Nine Months Ended October 31,
2024202320242023
Cost of revenue$1,993 $1,648 $5,924 $4,760 
Sales and marketing17,012 16,523 54,290 51,582 
Research and development14,384 12,738 42,834 36,917 
General and administrative14,653 10,425 36,215 26,773 
Total stock-based compensation expense (1)
$48,042 $41,334 $139,263 $120,032 
(1) The table above includes stock-based compensation of JiHu. Refer to “Note 11. Joint Venture and Equity Method Investment” for further discussion.