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Stock-Based Compensation (Tables)
 6 Months Ended
Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table is a summary of stock option activity for the six months ended July 31, 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(300)$8.20 
Canceled(16)$8.41 
Options outstanding at July 31, 20241,452 $9.58 
Options vested and expected to vest at July 31, 20241,452 $9.58 
Options exercisable at July 31, 20241,375 $9.41 
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 six months ended July 31, 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 
Granted2,260 $316.48 
Released(2,434)$157.47 
Performance adjustment (1)
241 $132.83 
Forfeited(412)$191.16 
RSUs and PSUs outstanding at July 31, 202410,623 $200.17 
RSUs and PSUs expected to vest at July 31, 2024 (2)
9,832 $197.27 
(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:
Six Months Ended July 31,
20242023
Expected term (in years)
0.5 – 2.0
0.5 – 2.0
Risk-free interest rate
3.4% – 5.3%
0.2% – 5.2%
Expected stock price volatility
40.8% – 59.8%
46.3% – 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 July 31,Six Months Ended July 31,
2024202320242023
Subscription cost of revenue$16,732 $10,132 $30,648 $19,098 
Professional services cost of revenue7,344 5,745 13,617 10,375 
Sales and marketing57,405 51,442 109,663 87,181 
Research and development75,851 46,985 142,593 91,366 
General and administrative43,545 50,473 87,481 87,613 
Total stock-based compensation expense$200,877 $164,777 $384,002 $295,633