Annual report [Section 13 and 15(d), not S-K Item 405]

Condensed Consolidated Statements of Cash Flows

v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flow from operating activities:      
Net income $ 22,905 $ 121,609 $ 51,403
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 19,064 18,679 15,466
Provision for credit losses 2,271 11,560 5,906
Stock-based compensation, net of amounts capitalized 84,434 59,517 55,757
Non-cash lease expense 8,048 8,188 8,352
Deferred income taxes 20,191 (88,069) (2,668)
Net accretion on marketable securities (6,409) (12,544) (17,009)
Other non-cash items, net 30 207 107
Changes in operating assets and liabilities:      
Accounts receivable 5,710 (30,010) (68,709)
Prepaid expenses and other current assets (21,573) (15,503) 8,675
Other non-current assets (6,408) (9,560) (25,577)
Accounts payable 5,907 (7,048) 3,325
Operating lease liabilities (8,405) (5,570) (8,019)
Accrued expenses and other current liabilities 11,142 (12,487) (6,515)
Deferred revenue 22,712 37,473 49,813
Other liabilities (426) 1,148 1,158
Net cash provided by operating activities 159,193 77,590 71,465
Cash flow from investing activities:      
Purchases of marketable securities (516,840) (396,154) (604,648)
Proceeds from sales and maturities of marketable securities 521,922 568,713 514,403
Purchases of property and equipment (1,379) (5,802) (8,548)
Capitalized internal-use software (15,911) (12,631) (11,777)
Other investing activities (262) 0 0
Net cash (used in) provided by investing activities (12,470) 154,126 (110,570)
Cash flow from financing activities:      
Proceeds from issuance of common stock upon exercise of stock options 15,289 19,908 43,333
Proceeds from issuance of common stock upon ESPP purchase 5,127 5,807 7,437
Payments for repurchase of Class A common shares and related excise tax (152,263) (273,873) (26,684)
Net cash (used in) provided by financing activities (131,847) (248,158) 24,086
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash 3,099 (2,454) (939)
Net change in cash, cash equivalents and restricted cash 17,975 (18,896) (15,958)
Cash, cash equivalents and restricted cash at beginning of period 153,533 172,429 188,387
Cash, cash equivalents and restricted cash at end of period 171,508 153,533 172,429
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds 24,780 11,010 7,647
Supplemental disclosure for non-cash investing and financing:      
Right-of-use assets obtained in exchange for operating lease liabilities 6,366 22,669 23,696
Accrued purchases of property and equipment 209 491 2,380
Stock-based compensation expense capitalized in internal-use software 2,800 2,538 2,473
Accrued for asset retirement obligation 672 310 117
Accrued for share repurchases and related excise tax $ 796 $ 1,909 $ 2,895