v3.25.0.1
Leases
12 Months Ended
Jan. 31, 2025
Leases [Abstract]  
Leases Leases
Operating Leases
The Company has entered into non-cancellable operating lease agreements with various expiration dates through fiscal 2033. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.
Cash paid for amounts included in the measurement of operating lease liabilities was $19.5 million, $15.4 million, and $12.0 million for the fiscal years ended January 31, 2025, January 31, 2024, and January 31, 2023, respectively. Operating lease liabilities arising from obtaining operating right of-use assets were $6.8 million and $16.4 million for the fiscal years ended January 31, 2025 and January 31, 2024, respectively.
The weighted-average remaining lease terms were 2.9 years and 3.7 years as of January 31, 2025 and January 31, 2024, respectively. The weighted-average discount rates were 5.5% and 5.7% as of January 31, 2025 and January 31, 2024, respectively.
The components of lease costs were as follows (in thousands):
Year Ended January 31,
202520242023
Lease cost
Operating lease cost$17,326 $15,510 $11,084 
Short-term lease cost3,519 3,664 2,344 
Variable lease cost11,526 8,480 8,279 
Total lease cost$32,371 $27,654 $21,707 
Sublease income for the fiscal years ended January 31, 2025 and January 31, 2024 was immaterial. There was no sublease income for the fiscal year ended January 31, 2023. As of January 31, 2025, the Company has not entered into non-cancellable operating leases with terms greater than 12 months that have not yet commenced.
The maturities of the Company’s non-cancellable operating lease liabilities are as follows (in thousands):
January 31, 2025
Fiscal 2026$14,135 
Fiscal 202711,269 
Fiscal 202810,794 
Fiscal 20296,042 
Fiscal 20303,787 
Thereafter3,717 
Total operating lease payments49,744 
Less: imputed interest(4,826)
Present value of operating lease liabilities$44,918