Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flow from operating activities:    
Net income (loss) $ 2,808 $ (25,288)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 3,519 2,498
Bad debt expense 159 114
Stock-based compensation expense, net of amounts capitalized 13,310 12,514
Non-cash lease expense 907 1,457
Deferred income taxes (3,323) 0
Net amortization/accretion on marketable securities (3,592) 0
Other non-cash items, net 0 (547)
Changes in operating assets and liabilities:    
Accounts receivable 28,138 27,418
Prepaid expenses and other current assets 8,379 3,579
Other non-current assets (171) 2,411
Accounts payable (8,199) 5,167
Operating lease liabilities (884) 0
Accrued expenses and other current liabilities (20,149) (11,320)
Litigation settlement 0 (12,000)
Deferred revenue (2,729) (6,094)
Other liabilities 387 (2,819)
Net cash provided by (used in) operating activities 18,560 (2,910)
Cash flow from investing activities:    
Purchases of marketable securities (102,468) (192,634)
Sales of marketable securities 380 0
Maturities of marketable securities 77,819 3,441
Purchases of property and equipment (1,625) (638)
Capitalized internal-use software (2,683) (2,288)
Net cash used in investing activities (28,577) (192,119)
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 12,692 6,518
Net cash provided by financing activities 12,692 6,518
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (196) (1,096)
Net change in cash, cash equivalents and restricted cash 2,479 (189,607)
Cash, cash equivalents and restricted cash at beginning of period 188,387 321,426
Cash, cash equivalents and restricted cash at end of period 190,866 131,819
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 1,225 1,256
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 781 2,763
Accrued purchases of property and equipment 613 138
Stock-based compensation expense capitalized in internal-use software $ 670 $ 198