Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jul. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of the Company’s stock option activity for the six months ended July 31, 2025 is as follows:
Number of Stock Options
Weighted Average Exercise Price
Weighted Average Remaining Contractual Life
(in thousands) (in years)
Outstanding as of January 31, 2025
18,572  $ 6.60  4.7
Exercised (2,753) 4.70 
Forfeited
(1,060) 10.97 
Expired (2) 1.71 
Outstanding as of July 31, 2025
14,757  $ 6.64  4.6
Exercisable as of July 31, 2025
14,067  $ 6.35  4.4
Vested and expected to vest as of July 31, 2025
14,751  $ 6.64  4.6
Schedule of RSU Award Activity
A summary of the Company’s RSU activity for the six months ended July 31, 2025 is as follows:
Number of Restricted Stock Units
Weighted Average Grant Date Fair Value
(in thousands)
Outstanding as of January 31, 2025
14,750  $ 10.46 
Granted 11,408  8.92 
Released (2,989) 11.72 
Cancelled/forfeited
(2,509) 11.19 
Outstanding as of July 31, 2025
20,660  $ 9.34 
Schedule of Performance Based Stock Units
A summary of the Company’s PSU activity for the six months ended July 31, 2025 is as follows:
Number of Performance Stock Units
Weighted Average Grant Date Fair Value
(in thousands)
Outstanding as of January 31, 2025
2,918  $ 8.31 
Granted 810  12.91 
Cancelled/forfeited
(280) 8.06 
Outstanding as of July 31, 2025
3,448  $ 9.41 
Schedule of Fair Value of PSUs Granted
To determine the fair value of the 2024 and 2025 PSUs, the Company utilized a Monte Carlo simulation. The inputs included in the valuations were as follows:
Vest-term Three years
Volatility
48.8% - 53.7%
Risk-free rate
3.91% - 4.22%
Fair value of common stock at grant date
$8.21 - $9.14
Dividend yield 0%
Expected term Three years
Fair value valuation
$11.82 - $14.84
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in operating results was allocated as follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands) 2025 2024 2025 2024
Costs of subscription $ 223  $ 327  $ 488  $ 610 
Costs of professional services 726  364  1,118  681 
Research and development 4,204  2,834  8,090  5,408 
Sales and marketing 6,124  5,802  12,419  11,406 
General and administrative 10,027  5,765  19,603  10,842 
Restructuring
—  —  866  — 
Stock-based compensation, net of amounts capitalized 21,304  15,092  42,584  28,947 
Capitalized stock-based compensation 388  631  1,305  1,182 
Total stock-based compensation $ 21,692  $ 15,723  $ 43,889  $ 30,129