Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Cash flow from operating activities:    
Net (loss) income $ (1,568) $ 10,634
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 4,679 4,508
Provision for credit losses 1,972 1,038
Stock-based compensation, net of amounts capitalized 21,280 13,855
Non-cash lease expense 1,912 1,949
Deferred income taxes 2,839 (339)
Net amortization/accretion on marketable securities (999) (4,452)
Other non-cash items, net 7 79
Changes in operating assets and liabilities:    
Accounts receivable 81,199 78,646
Prepaid expenses and other current assets (4,155) (15,824)
Other non-current assets 2,721 1,011
Accounts payable (843) (15,103)
Operating lease liabilities (1,945) (1,557)
Accrued expenses and other current liabilities (21,284) (29,125)
Deferred revenue (1,867) (3,665)
Other liabilities (172) 57
Net cash provided by operating activities 83,776 41,712
Cash flow from investing activities:    
Purchases of marketable securities (236,676) (134,172)
Proceeds from sales and maturities of marketable securities 131,973 153,097
Purchases of property and equipment (289) (2,545)
Capitalized internal-use software (2,786) (2,977)
Purchases of intangibles (262) 0
Net cash (used in) provided by investing activities (108,040) 13,403
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 2,847 9,642
Payments for repurchase of Class A common shares 0 (99,984)
Net cash provided by (used in) financing activities 2,847 (90,342)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 2,985 (1,231)
Net change in cash, cash equivalents and restricted cash (18,432) (36,458)
Cash, cash equivalents and restricted cash at beginning of period 153,533 172,429
Cash, cash equivalents and restricted cash at end of period 135,101 135,971
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 5,731 1,656
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 3,023 19,676
Accrued purchases of property and equipment 60 1,046
Stock-based compensation expense capitalized in internal-use software 917 551
Accrued for share repurchases and related excise tax $ 1,909 $ 4,728