v3.26.1
Segment and Geographic Information
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information
(18)
Segment and Geographic Information

The Company has determined that it operates in one operating and reportable segment as the CODM reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM uses consolidated net loss, as reported on our Consolidated Statements of Operations, in evaluating performance of the Company’s single segment, monitoring budget versus actual results, and determining how to allocate resources of the Company as a whole.

Financial information for the Company’s reportable segment was as follows:

 

 

Year Ended January 31,

 

(in thousands)

 

2026

 

 

2025

 

 

2024

 

Revenue

 

$

307,727

 

 

$

244,352

 

 

$

220,696

 

Less: Significant and other segment expenses

 

 

 

 

 

 

 

 

 

Cost of revenue (1)

 

 

94,138

 

 

 

63,696

 

 

 

62,435

 

Research and development (1)

 

 

80,251

 

 

 

73,883

 

 

 

83,377

 

Sales and marketing (1)

 

 

63,591

 

 

 

63,852

 

 

 

73,167

 

General and administrative (1)

 

 

54,252

 

 

 

53,548

 

 

 

57,001

 

Depreciation and amortization

 

 

41,825

 

 

 

45,637

 

 

 

47,639

 

Stock-based compensation

 

 

54,995

 

 

 

48,485

 

 

 

57,132

 

Restructuring costs (2)

 

 

20

 

 

 

10,574

 

 

 

7,376

 

Employee transaction bonuses in connection with the
   Sinergise business combination (See Note 5)

 

 

—

 

 

 

—

 

 

 

2,317

 

Interest expense

 

 

3,436

 

 

 

832

 

 

 

—

 

Employer payroll taxes related to earnout share vesting

 

 

2,539

 

 

 

—

 

 

 

—

 

Certain litigation expenses (3)

 

 

11,189

 

 

 

799

 

 

 

—

 

Other segment items (4)

 

 

148,351

 

 

 

6,242

 

 

 

(29,239

)

Consolidated net loss

 

 

(246,860

)

 

 

(123,196

)

 

 

(140,509

)

 

(1) Exclusive of the following items shown separately; Depreciation and amortization, stock-based compensation, restructuring costs, employee transaction bonuses in connection with the Sinergise business combination, employer payroll taxes related to earnout share vesting, and certain litigation expenses.

(2) Exclusive of stock-based compensation shown separately. Refer to Note 7.

(3) Expenses relating to the Delaware class action lawsuit and acquisition related earnout contingent consideration dispute. Refer to Note 10.

(4) Includes interest income, change in fair value of warrant liabilities, other income (expense), net and provision for income taxes. Refer to the consolidated statements of operations.

Capital expenditures, which consists of purchases of property and equipment and capitalized internal-use software costs, for the fiscal years ended January 31, 2026, 2025, and 2024 was $81.5 million, $49.6 million, and $42.4 million, respectively.

The Company’s long-lived assets by geographic region are as follows:

 

 

January 31,

 

(in thousands)

 

2026

 

 

2025

 

United States

 

$

143,011

 

 

$

116,042

 

Rest of world

 

 

7,562

 

 

 

5,707

 

Total property and equipment, net

 

$

150,573

 

 

$

121,749

 

 

The Company concluded that satellites in service continue to be owned by the U.S. entity and accordingly are classified as U.S. assets in the table above. No single country other than the U.S. accounted for more than 10% of total property and equipment, net, as of January 31, 2026 and 2025.