Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flow from operating activities:    
Net income (loss) $ 30,260 $ (55,075)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 11,283 8,727
Bad debt expense 3,370 1,161
Stock-based compensation expense, net of amounts capitalized 42,105 39,920
Non-cash lease expense 6,102 4,759
Deferred income taxes (3,205) 0
Net amortization/accretion on marketable securities (12,379) 0
Other non-cash items, net 56 (549)
Changes in operating assets and liabilities:    
Accounts receivable 47,876 29,358
Prepaid expenses and other current assets 2,246 27,246
Other non-current assets (8,424) (5,782)
Accounts payable (8,878) (1,243)
Operating lease liabilities (6,098) (5,448)
Accrued expenses and other current liabilities (23,744) (625)
Litigation settlement 0 (12,000)
Deferred revenue (26,807) (24,578)
Other liabilities 399 (1,285)
Net cash provided by operating activities 54,162 4,586
Cash flow from investing activities:    
Purchases of marketable securities (443,850) (640,173)
Sales of marketable securities 5,375 2,838
Maturities of marketable securities 357,422 459,026
Purchases of property and equipment (6,494) (2,923)
Capitalized internal-use software (8,791) (7,733)
Net cash used in investing activities (96,338) (188,965)
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 32,331 15,997
Proceeds from issuance of common stock upon ESPP purchases 3,970 6,213
Net cash provided by financing activities 36,301 22,210
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,648) (3,232)
Net change in cash, cash equivalents and restricted cash (7,523) (165,401)
Cash, cash equivalents and restricted cash at beginning of period 188,387 321,426
Cash, cash equivalents and restricted cash at end of period 180,864 156,025
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 5,039 5,137
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 18,121 5,222
Accrued purchases of property and equipment 2,192 92
Stock-based compensation expense capitalized in internal-use software 1,956 1,898
Accrued for asset retirement obligation $ 117 $ 0