| 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) |
2026 |
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2025 |
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2026 |
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2025 |
| Net income per share – basic: |
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| Numerator: |
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| Net income |
$ |
7,118 |
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$ |
12,615 |
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$ |
11,299 |
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$ |
11,047 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
235,556 |
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254,391 |
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237,996 |
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255,501 |
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| Net income per common share, basic |
$ |
0.03 |
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$ |
0.05 |
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$ |
0.05 |
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$ |
0.04 |
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| Net income per share – diluted: |
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| Numerator: |
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| Net income |
$ |
7,118 |
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$ |
12,615 |
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$ |
11,299 |
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$ |
11,047 |
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| Denominator: |
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| Weighted-average shares outstanding used in computing net income per share, basic |
235,556 |
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254,391 |
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237,996 |
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255,501 |
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| Weighted-average effect of diluted securities: |
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| Stock options |
1,774 |
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5,124 |
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1,936 |
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5,427 |
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| PSUs |
149 |
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1,822 |
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|
68 |
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1,927 |
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| RSUs |
361 |
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1,864 |
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366 |
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1,587 |
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| Weighted-average shares outstanding used in computing net income per share, diluted |
237,840 |
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|
263,201 |
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240,366 |
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264,442 |
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| Net income per common share, diluted |
$ |
0.03 |
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$ |
0.05 |
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$ |
0.05 |
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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) |
2026 |
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2025 |
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2026 |
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2025 |
| Stock options |
5,040 |
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3,870 |
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5,040 |
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3,870 |
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PSUs |
1,585 |
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697 |
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1,585 |
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697 |
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| RSUs |
16,111 |
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10,481 |
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16,111 |
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12,408 |
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| ESPP rights |
129 |
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121 |
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129 |
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121 |
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| Warrants to purchase common stock |
— |
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2,500 |
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— |
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2,500 |
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| Total shares excluded from net income per share |
22,865 |
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17,669 |
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22,865 |
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19,596 |
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