Equity (Tables)
|
3 Months Ended |
Apr. 30, 2025 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of stock option activity |
The following table summarizes stock option activity for the three months ended April 30, 2025 (in thousands, except share and per share data and years): | | | | | | | | | | | | | | | | | | | | | | | | | Shares | | Weighted-Average
Exercise
Price Per Share | | Weighted- Average
Remaining
Contractual Term
(In Years) | | Aggregate
Intrinsic
Value | Balance - January 31, 2025 | 567,425 | | | $ | 8.41 | | | 1.5 | | $ | 150,319 | | | Stock options exercised | (77,519) | | | 7.47 | | | | | | Stock options forfeited and expired | — | | | — | | | | | | Balance - April 30, 2025 | 489,906 | | | $ | 8.56 | | | 1.3 | | $ | 80,519 | | Vested and exercisable - January 31, 2025 | 567,425 | | | $ | 8.41 | | | 1.5 | | $ | 150,319 | | Vested and exercisable - April 30, 2025 | 489,906 | | | $ | 8.56 | | | 1.3 | | $ | 80,519 | |
|
| Schedule of restricted stock unit activity |
The following table summarizes RSU activity for the three months ended April 30, 2025: | | | | | | | | | | | | | Shares | | Weighted-Average Grant Date Fair Value per RSU | Unvested - January 31, 2025 | 3,533,507 | | | $ | 291.43 | | | RSUs granted | 2,129,111 | | | 193.53 | | | RSUs vested | (381,937) | | | 307.05 | | | RSUs forfeited and canceled | (184,995) | | | 281.09 | | Unvested - April 30, 2025 | 5,095,686 | | | $ | 249.73 | |
|
| Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award |
The following table summarizes RSA activity for the three months ended April 30, 2025: | | | | | | | | | | | | | Shares | | Weighted-Average Grant Date Fair Value per RSA | Unvested - January 31, 2025 | — | | | $ | — | | | RSAs granted | 213,023 | | | 292.05 | | | RSAs vested | (17,993) | | | 292.05 | | | RSAs forfeited and canceled | — | | | — | | Unvested - April 30, 2025 | 195,030 | | | $ | 292.05 | |
The following table summarizes PSU activity for the three months ended April 30, 2025: | | | | | | | | | | | | | Shares | | Weighted-Average Grant Date Fair Value per PSU | Unvested - January 31, 2025 | 146,284 | | | $ | 287.57 | | | PSUs granted | 115,708 | | | 192.99 | | | PSUs vested | (91,319) | | | 266.18 | | | Adjustment for performance achievement | 17,955 | | | 216.79 | | | PSUs forfeited and canceled | (4,287) | | | 352.71 | | Unvested - April 30, 2025 | 184,341 | | | $ | 230.39 | |
|
| Schedule of stock-based compensation expense recognized in consolidated statements of operations |
Total stock-based compensation expense recognized in the Company’s interim condensed consolidated statements of operations is as follows (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | | | | | 2025 | | 2024 | Cost of revenue—subscription | | | | | $ | 8,395 | | | $ | 6,163 | | Cost of revenue—services | | | | | 3,894 | | | 3,255 | | Sales and marketing | | | | | 39,102 | | | 39,613 | | Research and development | | | | | 66,405 | | | 55,173 | | General and administrative | | | | | 14,635 | | | 16,559 | | Total stock-based compensation expense | | | | | $ | 132,431 | | | $ | 120,763 | |
|