v3.25.1
Net Loss Per Share
 3 Months Ended
Apr. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options, restricted stock units and restricted stock awards. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each period presented.
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):
Three Months Ended April 30,
20252024
Numerator:
Net loss
$(37,626)$(80,593)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted
81,060,822 72,990,141 
Net loss per share, basic and diluted
$(0.46)$(1.10)
In connection with the issuance of the 2024 Notes and 2026 Notes, the Company entered into Capped Calls, which were not included for the purpose of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls were expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the 2026 Notes. During the three months ended April 30, 2024, the Company elected a settlement in cash, as opposed to the Company’s common stock, of the Capped Calls associated with 2024 Notes. In June 2024 the related derivative was settled and the Capped Calls associated with the 2024 Notes were successfully unwound, refer to Note 6. Convertible Senior Notes for more information.
The following shares of common stock were excluded from the computation of diluted net loss per share attributable to the Company for the periods presented because including them would have been anti-dilutive as the Company has reported net loss for each of the periods presented:
Three Months Ended April 30,
20252024
Stock options pursuant to the 2016 Equity Incentive Plan
250,589 350,634 
Stock options pursuant to the 2008 Stock Incentive Plan239,317 395,055 
Unvested restricted stock units
5,095,686 3,833,040 
Unvested restricted stock awards195,030 — 
Unvested executive PSUs184,341 201,457 
Shares underlying the conversion option of the 2026 Notes— 5,445,002 
Total5,964,963 10,225,188