Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.2
Leases
 6 Months Ended
Jul. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the three and six months ended July 31, 2025 and 2024.
The components of lease expense were as follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands) 2025 2024 2025 2024
Operating lease cost $ 3,048  $ 3,332  $ 6,031  $ 6,194 
Variable lease cost 356  319  705  648 
Short-term lease cost 118  121  234  263 
Total lease cost $ 3,522  $ 3,772  $ 6,970  $ 7,105 
The weighted average remaining lease term and discount rate were as follows:
July 31, 2025 January 31, 2025
Weighted average remaining lease term (years) 6.69 7.16
Weighted average discount rate 8.51  % 8.70  %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)
Fiscal year ended January 31, 2026 (remaining six months)
 $ 6,078 
2027 11,321 
2028 9,304 
2029 7,888 
2030 6,725 
2031 6,204 
Thereafter 16,490 
Total minimum lease payments
 64,010 
Less: imputed interest (15,798)
Total $ 48,212