Quarterly report [Sections 13 or 15(d)]

Leases

v3.26.1
Leases
 6 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Leases Leases
The Company leases corporate office space 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, 2026 and 2025.
The components of lease expense were as follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands) 2026 2025 2026 2025
Operating lease cost $ 3,042  $ 3,048  $ 6,114  $ 6,031 
Variable lease cost 301  356  675  705 
Short-term lease cost 32  118  69  234 
Total lease cost $ 3,375  $ 3,522  $ 6,858  $ 6,970 
The weighted average remaining lease term and discount rate were as follows:
July 31, 2026 January 31, 2026
Weighted average remaining lease term (years) 6.27 6.46
Weighted average discount rate 8.46% 8.41%
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)
Fiscal year ended January 31,
2027 (remaining six months) $ 5,384 
2028 9,892 
2029 8,130 
2030 6,736 
2031 6,208 
2032 6,497 
Thereafter 11,070 
Total minimum lease payments
 53,917 
Less: imputed interest (12,565)
Total $ 41,352