v3.24.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2024
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 fiscal year ended January 31, 2022:
Year Ended January 31, 2022
Expected term (in years)
3.82 – 5.63
Risk-free interest rate
0.6% – 1.0%
Expected stock price volatility
36.1% – 37.1%
Dividend yield— %
The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the fair value of employee stock purchase rights granted under the Company’s stock plan:
Year Ended January 31,
202420232022
Expected term (in years)
0.5 – 2.0
0.5 – 2.0
0.5 – 2.0
Risk-free interest rate
0.2% – 5.3%
0.1% – 4.7%
0.0% – 1.9%
Expected stock price volatility
40.8% – 61.2%
39.6% – 67.4%
33.0% – 55.9%
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, 2024:
Number of
Shares		Weighted-
Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20232,869 $8.52 
Granted51 $39.09 
Exercised(1,146)$7.58 
Canceled(20)$65.82 
Options outstanding at January 31, 20241,754 $9.37 
Options vested and expected to vest at January 31, 20241,754 $9.37 
Options exercisable at January 31, 20241,591 $8.98 
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, 2024:
Number of
Shares		Weighted-Average
Grant Date
Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 202310,050 $158.08 
Granted6,312 $158.87 
Released(4,041)$136.75 
Performance adjustment (1)
155 $211.22 
Forfeited(1,508)$163.54 
RSUs and PSUs outstanding at January 31, 202410,968 $167.84 
RSUs and PSUs expected to vest at January 31, 2024(2)
10,263 $164.78 
___________________________
(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.
(2)    Excludes in progress PSUs and Special PSUs where pre-defined targets have not yet been achieved.
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,
 202420232022
Subscription cost of revenue$43,886 $32,091 $22,044 
Professional services cost of revenue22,302 15,692 10,050 
Sales and marketing175,808 151,919 89,634 
Research and development205,896 174,711 102,027 
General and administrative183,627 152,091 86,197 
Total stock-based compensation expense$631,519 $526,504 $309,952