| Schedule of Computation of Basic and Diluted Net Income Per Share |
The following table sets forth the computation of basic and diluted net income per share:
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Three Months Ended July 31, |
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Six Months Ended July 31, |
(in thousands, except per share data) |
2025 |
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2024 |
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2025 |
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2024 |
Net income per share – basic: |
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| Numerator: |
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Net income |
$ |
12,615 |
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$ |
1,841 |
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$ |
11,047 |
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$ |
12,475 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
254,391 |
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260,830 |
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255,501 |
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266,187 |
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Net income per common share, basic |
$ |
0.05 |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.05 |
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Net income per share – diluted: |
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| Numerator: |
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Net income |
$ |
12,615 |
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$ |
1,841 |
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$ |
11,047 |
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$ |
12,475 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
254,391 |
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260,830 |
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255,501 |
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266,187 |
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| Weighted-average effect of diluted securities: |
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| Stock options |
5,124 |
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7,953 |
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5,427 |
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9,021 |
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| PSUs |
1,822 |
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— |
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1,927 |
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— |
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| RSUs |
1,864 |
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3,057 |
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1,587 |
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4,167 |
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| Common stock warrants |
— |
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94 |
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— |
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320 |
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Weighted-average shares outstanding used in computing net income per share, diluted |
263,201 |
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271,934 |
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264,442 |
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279,695 |
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Net income per common share, diluted |
$ |
0.05 |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.04 |
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| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
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Three Months Ended July 31, |
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Six Months Ended July 31, |
| (in thousands) |
2025 |
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2024 |
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2025 |
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2024 |
| Stock options |
3,870 |
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5,364 |
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3,870 |
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5,171 |
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PSUs |
697 |
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780 |
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697 |
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780 |
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| RSUs |
10,481 |
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3,212 |
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12,408 |
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1,426 |
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| ESPP |
121 |
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84 |
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121 |
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92 |
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| Warrants to purchase common stock |
2,500 |
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— |
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2,500 |
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— |
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Total shares excluded from net income per share |
17,669 |
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9,440 |
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19,596 |
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7,469 |
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