Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows

v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Cash flow from operating activities:    
Net income $ 11,047 $ 12,475
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 9,348 9,118
Provision for credit losses 2,468 11,103
Stock-based compensation, net of amounts capitalized 42,584 28,947
Non-cash lease expense 3,914 4,164
Deferred income taxes 9,822 (40)
Net amortization/accretion on marketable securities (3,587) (7,436)
Other non-cash items, net 31 216
Changes in operating assets and liabilities:    
Accounts receivable 80,987 67,292
Prepaid expenses and other current assets (6,330) (15,289)
Other non-current assets 2,499 (1,473)
Accounts payable 609 (9,268)
Operating lease liabilities (4,024) (2,665)
Accrued expenses and other current liabilities (17,477) (26,683)
Deferred revenue (13,186) (7,858)
Other liabilities (138) 431
Net cash provided by operating activities 118,567 63,034
Cash flow from investing activities:    
Purchases of marketable securities (269,697) (136,136)
Proceeds from sales and maturities of marketable securities 262,629 292,298
Purchases of property and equipment (654) (4,028)
Capitalized internal-use software (7,459) (6,291)
Purchases of intangibles (262) 0
Net cash (used in) provided by investing activities (15,443) 145,843
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 12,939 17,235
Proceeds from issuance of common stock upon ESPP purchases 2,785 3,403
Payments for repurchase of Class A common shares and related excise tax (140,845) (273,873)
Net cash used in financing activities (125,121) (253,235)
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 2,295 (1,247)
Net change in cash, cash equivalents and restricted cash (19,702) (45,605)
Cash, cash equivalents and restricted cash at beginning of period 153,533 172,429
Cash, cash equivalents and restricted cash at end of period 133,831 126,824
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 10,222 3,646
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 3,023 21,439
Accrued purchases of property and equipment 83 1,146
Stock-based compensation expense capitalized in internal-use software 1,305 1,182
Accrued for share repurchases and related excise tax $ 2,493 $ 2,086