v3.22.4
Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The fair value of stock options was generally estimated on the date of grant using the following assumptions during the period:
Year Ended January 31,
20222021
Expected term (in years)
3.82 – 5.63
3.17 – 6.05
Risk-free interest rate
0.6% – 1.0%
0.2% – 0.4%
Expected stock price volatility
36.1% – 37.1%
35.8% – 37.3%
Dividend yield— %— %
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of the ESPP:
Year Ended January 31,
202320222021
Expected term (in years)
0.5 – 2.0
0.5 – 2.0
0.5 – 2.0
Risk-free interest rate
0.1% – 4.7%
0.0% – 1.9%
0.1% – 2.0%
Expected stock price volatility
39.6% – 67.4%
33.0% – 55.9%
30.1% – 54.3%
Dividend yield— %— %
—%
Share-based Payment Arrangement, Option, Activity The following table is a summary of stock option activity for the fiscal year ended January 31, 2023:
Number of
Shares		Weighted-
Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20223,938 $8.48 
Granted2 $53.64 
Exercised(1,032)$8.39 
Canceled(39)$10.76 
Options outstanding at January 31, 20232,869 $8.52 
Options vested and expected to vest at January 31, 20232,869 $8.52 
Options exercisable at January 31, 20232,528 $8.09 
Share-based Payment Arrangement, Restricted Stock Unit, Performance Stock Unit, and Special Performance Stock Unit Award, Activity
The following table is a summary of RSUs, PSUs, and the Special PSU Awards activities for the fiscal year ended January 31, 2023:
Number of
Shares		Weighted-Average
Grant Date
Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 20227,886 $125.04 
Granted6,234 $172.06 
Released(3,450)$106.64 
Performance adjustment (1)
99 $194.15 
Forfeited(719)$168.71 
RSUs and PSUs outstanding at January 31, 202310,050 $158.08 
___________________________
(1)    The performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance-based awards, the achievement of which was based upon pre-defined financial performance targets.
Share-based Payment Arrangement, Expensed and Capitalized, Amount Stock-based compensation expense included in the consolidated statements of operations is as follows (in thousands):
 Year Ended January 31,
 202320222021
Subscription cost of revenue$32,091 $22,044 $11,705 
Professional services cost of revenue15,692 10,050 6,005 
Sales and marketing151,919 89,634 50,557 
Research and development174,711 102,027 40,274 
General and administrative152,091 86,197 41,134 
Total stock-based compensation expense$526,504 $309,952 $149,675