Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Cash flow from operating activities:      
Net income (loss) $ 121,609 $ 51,403 $ (55,742)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 18,679 15,466 12,051
Provision for credit losses 11,560 5,906 4,079
Stock-based compensation, net of amounts capitalized 59,517 55,757 55,517
Non-cash lease expense 8,188 8,352 6,588
Deferred income taxes (88,069) (2,668) 166
Net amortization/accretion on marketable securities (12,544) (17,009) (2,697)
Other non-cash items, net 207 107 0
Changes in operating assets and liabilities:      
Accounts receivable (30,010) (68,709) (44,751)
Prepaid expenses and other current assets (15,503) 8,675 29,092
Other non-current assets (9,560) (25,577) (24,376)
Accounts payable (7,048) 3,325 14,463
Operating lease liabilities (5,570) (8,019) (6,342)
Accrued expenses and other current liabilities (12,487) (6,515) 6,688
Litigation settlement 0 0 (12,000)
Deferred revenue 37,473 49,813 41,465
Other liabilities 1,148 1,158 2,459
Net cash provided by operating activities 77,590 71,465 26,660
Cash flow from investing activities:      
Purchases of marketable securities (396,154) (604,648) (816,708)
Proceeds from sales and maturities of marketable securities 568,713 514,403 639,663
Purchases of property and equipment (5,802) (8,548) (6,091)
Capitalized internal-use software (12,631) (11,777) (10,358)
Net cash provided by (used in) investing activities 154,126 (110,570) (193,494)
Cash flow from financing activities:      
Proceeds from issuance of common stock upon exercise of stock options 19,908 43,333 24,740
Proceeds from issuance of common stock upon ESPP purchase 5,807 7,437 10,231
Payments for repurchase of Class A common shares (273,873) (26,684) 0
Net cash (used in) provided by financing activities (248,158) 24,086 34,971
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash (2,454) (939) (1,176)
Net change in cash, cash equivalents and restricted cash (18,896) (15,958) (133,039)
Cash, cash equivalents and restricted cash at beginning of period 172,429 188,387 321,426
Cash, cash equivalents and restricted cash at end of period 153,533 172,429 188,387
Supplemental disclosure of cash flow information:      
Cash paid for income taxes, net of refunds 11,010 7,647 6,644
Supplemental disclosure for non-cash investing and financing:      
Right-of-use assets obtained in exchange for operating lease liabilities 22,669 23,696 8,948
Accrued purchases of property and equipment 491 2,380 1,445
Stock-based compensation expense capitalized in internal-use software 2,538 2,473 2,540
Accrued for asset retirement obligation 310 117 0
Accrued for share repurchases and related excise tax $ 1,909 $ 2,895 $ 0