| 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 October 31, |
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Nine Months Ended October 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 |
$ |
2,904 |
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$ |
10,455 |
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$ |
13,951 |
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$ |
22,930 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
244,916 |
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253,807 |
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251,934 |
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262,030 |
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Net income per common share, basic |
$ |
0.01 |
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$ |
0.04 |
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$ |
0.06 |
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$ |
0.09 |
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Net income per share – diluted: |
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| Numerator: |
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| Net income |
$ |
2,904 |
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$ |
10,455 |
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$ |
13,951 |
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$ |
22,930 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
244,916 |
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253,807 |
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251,934 |
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262,030 |
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| Weighted-average effect of diluted securities: |
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| Stock options |
4,297 |
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5,701 |
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5,036 |
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8,024 |
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| PSUs |
1,145 |
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— |
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1,407 |
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— |
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| RSUs |
1,696 |
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2,464 |
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1,889 |
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4,971 |
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| Common stock warrants |
— |
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— |
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— |
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68 |
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| ESPP |
— |
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— |
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— |
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16 |
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Weighted-average shares outstanding used in computing net income per share, diluted |
252,054 |
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261,972 |
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260,266 |
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275,109 |
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Net income per common share, diluted |
$ |
0.01 |
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$ |
0.04 |
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$ |
0.05 |
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$ |
0.08 |
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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 October 31, |
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Nine Months Ended October 31, |
| (in thousands) |
2025 |
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2024 |
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2025 |
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2024 |
| Stock options |
4,309 |
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5,909 |
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3,709 |
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5,127 |
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PSUs |
727 |
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780 |
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727 |
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780 |
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| RSUs |
3,625 |
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7,156 |
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8,082 |
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2,300 |
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| ESPP |
335 |
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16 |
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335 |
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— |
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| Warrants to purchase common stock |
— |
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628 |
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— |
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— |
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Total shares excluded from net income per share |
8,996 |
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14,489 |
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12,853 |
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8,207 |
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