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
 3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flow from operating activities:    
Net income $ 10,634 $ 2,808
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 4,508 3,519
Bad debt expense 1,038 159
Stock-based compensation, net of amounts capitalized 13,855 13,310
Non-cash lease expense 1,949 907
Deferred income taxes (339) (3,323)
Net amortization/accretion on marketable securities (4,452) (3,592)
Other non-cash items, net 79 0
Changes in operating assets and liabilities:    
Accounts receivable 78,646 28,138
Prepaid expenses and other current assets (15,824) 8,379
Other non-current assets 1,011 (171)
Accounts payable (15,103) (8,199)
Operating lease liabilities (1,557) (884)
Accrued expenses and other current liabilities (29,125) (20,149)
Deferred revenue (3,665) (2,729)
Other liabilities 57 387
Net cash provided by operating activities 41,712 18,560
Cash flow from Investing activities:    
Purchases of marketable securities (134,172) (102,468)
Proceeds from sales and maturities of marketable securities 153,097 78,199
Purchases of property and equipment (2,545) (1,625)
Capitalized internal-use software (2,977) (2,683)
Net cash provided by (used in) investing activities 13,403 (28,577)
Cash flow from financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 9,642 12,692
Payments for repurchase of Class A common shares (99,984) 0
Net cash (used in) provided by financing activities (90,342) 12,692
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (1,231) (196)
Net change in cash, cash equivalents and restricted cash (36,458) 2,479
Cash, cash equivalents and restricted cash at beginning of period 172,429 188,387
Cash, cash equivalents and restricted cash at end of period 135,971 190,866
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 1,656 1,225
Supplemental disclosure for non-cash investing and financing:    
Right-of-use assets obtained in exchange for operating lease liabilities 19,676 781
Accrued purchases of property and equipment 1,046 613
Stock-based compensation expense capitalized in internal-use software 551 670
Accrued for share repurchases, including excise tax $ 4,728 $ 0