Stock-Based Compensation (Tables)
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3 Months Ended |
Apr. 30, 2023 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity |
A summary of the Company’s stock option activity for the three months ended April 30, 2023 is as follows:
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Number of stock options |
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Weighted average exercise price |
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Weighted average remaining contractual life |
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(in thousands) |
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(in years) |
Outstanding as of January 31, 2023 |
33,049 |
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$ |
6.11 |
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6.6 |
| Granted |
1,512 |
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|
12.85 |
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| Exercised |
(2,308) |
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5.49 |
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| Cancelled/forfeited |
(565) |
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8.27 |
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Outstanding as of April 30, 2023 |
31,688 |
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$ |
6.44 |
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6.4 |
Exercisable as of April 30, 2023 |
22,510 |
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$ |
5.58 |
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6.0 |
Vested and expected to vest as of April 30, 2023 |
28,045 |
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$ |
6.47 |
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6.4 |
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| Schedule of RSU Award Activity |
A summary of the Company’s RSU activity for the three months ended April 30, 2023 is as follows:
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Number of restricted shares |
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Weighted Average Grant Date Fair Value |
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(in thousands) |
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Outstanding as of January 31, 2023 |
9,400 |
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$ |
12.23 |
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| Granted |
5,101 |
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|
12.90 |
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| Released |
(1,482) |
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13.15 |
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| Cancelled/forfeited |
(613) |
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11.67 |
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Outstanding as of April 30, 2023 |
12,406 |
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$ |
12.43 |
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| Schedule of Stock-based Compensation Expense |
Stock-based compensation expense included in operating results was allocated as follows:
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Three Months Ended April 30, |
| (in thousands) |
2023 |
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2022 |
| Costs of subscription |
$ |
300 |
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$ |
408 |
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| Costs of professional services |
403 |
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623 |
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| Research and development |
3,067 |
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2,348 |
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| Sales and marketing |
5,955 |
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5,856 |
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| General and administrative |
3,585 |
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3,279 |
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| Stock-based compensation, net of amounts capitalized |
13,310 |
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|
12,514 |
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| Capitalized stock-based compensation |
670 |
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|
198 |
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| Total stock-based compensation |
$ |
13,980 |
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$ |
12,712 |
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Three Months Ended April 30, |
| (in thousands) |
2023 |
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2022 |
| Equity classified awards |
$ |
13,730 |
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$ |
12,462 |
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Other awards (1)
|
250 |
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|
250 |
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| Total stock-based compensation |
$ |
13,980 |
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$ |
12,712 |
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(1) Nonemployee grant recorded over five years, representing the same period and in the same manner as if the grantor had paid cash for the services instead of paying with or using the share-based payment award.
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Three Months Ended April 30, |
| (in thousands) |
2023 |
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2022 |
| Stock options |
$ |
4,060 |
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$ |
7,042 |
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| PSUs |
(169) |
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38 |
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| RSUs |
8,806 |
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|
2,781 |
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| ESPP |
1,033 |
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2,601 |
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| Total stock-based compensation - equity-classified awards |
$ |
13,730 |
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$ |
12,462 |
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| Schedule of Unrecognized Compensation Cost Related to Unvested Awards Not Yet Recognized |
As of April 30, 2023, total unrecognized compensation cost related to unvested awards not yet recognized under all equity compensation plans, adjusted for estimated forfeitures, was as follows:
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April 30, 2023 |
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Unrecognized expense |
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Weighted average expense recognition period |
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(in thousands) |
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(in years) |
| Stock options |
$ |
33,830 |
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|
2.52 |
| PSUs |
$ |
821 |
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|
2.75 |
| RSUs |
$ |
124,680 |
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|
3.30 |
| ESPP |
$ |
2,491 |
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|
0.75 |
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