v3.24.1.1.u2
Stock-Based Compensation (Tables)
 3 Months Ended
Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table is a summary of stock option activity for the three months ended April 30, 2024:
Number of
Shares		Weighted-Average
Exercise Price
Per Share
(in thousands)
Options outstanding at January 31, 20241,754 $9.37 
Granted14 $3.25 
Exercised(92)$8.96 
Canceled(6)$66.67 
Options outstanding at April 30, 20241,670 $9.32 
Options vested and expected to vest at April 30, 20241,670 $9.32 
Options exercisable at April 30, 20241,543 $9.09 
Schedule of 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 three months ended April 30, 2024:
Number of
Shares		Weighted-
Average Grant
Date Fair Value
Per Share
(in thousands)
RSUs and PSUs outstanding at January 31, 202410,968 $167.84 
Granted1,769 $302.26 
Released(1,224)$143.19 
Performance adjustment (1)
241 $132.83 
Forfeited(244)$188.52 
RSUs and PSUs outstanding at April 30, 202411,510 $189.94 
RSUs and PSUs expected to vest at April 30, 2024 (2)
10,719 $186.57 
(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.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
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 ESPP:
Three Months Ended April 30,
20242023
Expected term (in years)
0.5 – 2.0
0.5 – 2.0
Risk-free interest rate
0.2% – 5.3%
0.2% – 4.7%
Expected stock price volatility
40.8% – 61.2%
50.2% – 61.2%
Dividend yield— %— %
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense included in the condensed consolidated statements of operations is as follows (in thousands):
Three Months Ended April 30,
20242023
Subscription cost of revenue$13,916 $8,966 
Professional services cost of revenue6,273 4,630 
Sales and marketing52,258 35,739 
Research and development66,742 44,381 
General and administrative43,936 37,140 
Total stock-based compensation expense$183,125 $130,856