Splunk (SPLK) 10-Q 24 Aug 23 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares shares in Millions	6 Months Ended
	Jul. 31, 2023	Aug. 15, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2023
Document Transition Report	false
Entity File Number	001-35498
Entity Registrant Name	Splunk Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1106510
Entity Address, Address Line One	270 Brannan Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	415
Local Phone Number	848-8400
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SPLK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		167.7
Entity Central Index Key	0001353283
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,523,462	$ 690,587
Investments, current	925,526	1,316,347
Accounts receivable, net	974,202	1,572,604
Prepaid expenses and other current assets	202,987	174,388
Deferred commissions, current	117,542	116,758
Total current assets	3,743,719	3,870,684
Investments, non-current	41,587	41,700
Accounts receivable, non-current	212,049	314,286
Operating lease right-of-use assets	178,105	186,981
Property and equipment, net	107,541	108,540
Intangible assets, net	91,699	119,588
Goodwill	1,416,920	1,416,920
Deferred commissions, non-current	246,216	242,731
Other assets	39,086	42,493
Total assets	6,076,922	6,343,923
Current liabilities:
Accounts payable	26,214	15,299
Accrued compensation	300,956	357,550
Accrued expenses and other liabilities	207,421	229,480
Deferred revenue, current	1,392,465	1,657,685
Debt, current	776,456	775,656
Total current liabilities	2,703,512	3,035,670
Debt, non-current	3,102,930	3,099,289
Operating lease liabilities	191,917	202,268
Deferred revenue, non-current	88,688	91,102
Other liabilities, non-current	28,865	26,107
Total non-current liabilities	3,412,400	3,418,766
Total liabilities	6,115,912	6,454,436
Commitments and contingencies (Note 3)
Stockholders' equity:
Common stock: $0.001 par value; 1,000,000,000 shares authorized; 167,650,586 shares outstanding at July 31, 2023, and 164,833,781 shares outstanding at January 31, 2023	174	171
Accumulated other comprehensive loss	(1,716)	(6,363)
Additional paid-in capital	4,993,644	4,671,776
Treasury stock, at cost: 6,771,997 shares at July 31, 2023 and 6,806,618 shares at January 31, 2023	(984,689)	(989,362)
Accumulated deficit	(4,046,403)	(3,786,735)
Total stockholders' equity (deficit)	(38,990)	(110,513)
Total liabilities and stockholders' equity	$ 6,076,922	$ 6,343,923

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2023	Jan. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares outstanding (in shares)	167,650,586	164,833,781
Treasury stock, shares (in shares)	6,771,997	6,806,618

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Revenues
Total revenues		$ 910,585	$ 798,753	$ 1,662,093	$ 1,472,834
Cost of revenues
Total cost of revenues	[1]	211,903	206,791	419,138	408,947
Gross profit		698,682	591,962	1,242,955	1,063,887
Operating expenses
Research and development	[1]	239,099	257,057	476,051	512,748
Sales and marketing	[1]	421,635	410,622	828,140	805,835
General and administrative	[1]	106,469	114,381	213,841	227,089
Total operating expenses	[1]	767,203	782,060	1,518,032	1,545,672
Operating loss		(68,521)	(190,098)	(275,077)	(481,785)
Interest and other income (expense), net
Interest income		28,686	4,847	52,624	6,219
Interest expense		(11,243)	(12,905)	(22,101)	(23,568)
Other income (expense), net		(5,440)	(3,613)	(3,834)	(3,603)
Total interest and other income (expense), net		12,003	(11,671)	26,689	(20,952)
Loss before income taxes		(56,518)	(201,769)	(248,388)	(502,737)
Income tax provision		6,730	7,943	11,280	11,297
Net loss		$ (63,248)	$ (209,712)	$ (259,668)	$ (514,034)
Net loss per share:
Net loss per share, basic (in dollars per share)		$ (0.38)	$ (1.30)	$ (1.57)	$ (3.19)
Net loss per share, diluted (in dollars per share)		$ (0.38)	$ (1.30)	$ (1.57)	$ (3.19)
Weighted-average shares outstanding:
Weighted-average shares used in computing basic and diluted net loss per share		166,459	161,787	165,737	161,070
Cloud services
Revenues
Total revenues		$ 445,163	$ 346,405	$ 864,598	$ 669,334
Cost of revenues
Total cost of revenues	[1]	134,587	122,860	264,294	242,381
License
Revenues
Total revenues		295,439	281,716	466,869	467,527
Cost of revenues
Total cost of revenues	[1]	1,963	1,337	3,345	2,800
Maintenance and services
Revenues
Total revenues		169,983	170,632		335,973
Cost of revenues
Total cost of revenues	[1]	$ 75,353	$ 82,594	$ 151,499	$ 163,766
[1]Amounts include stock-based compensation expense, as follows: Cost of revenues $ 21,789 $ 22,937 $ 43,006 $ 42,799 Research and development 84,900 86,521 161,216 171,384 Sales and marketing 62,157 58,059 120,741 130,873 General and administrative 30,200 31,959 58,554 68,085

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Stock-based compensation			$ 383,517	$ 413,141
Cost of revenues
Stock-based compensation	$ 21,789	$ 22,937	43,006	42,799
Research and development
Stock-based compensation	84,900	86,521	161,216	171,384
Sales and marketing
Stock-based compensation	62,157	58,059	120,741	130,873
General and administrative
Stock-based compensation	$ 30,200	$ 31,959	$ 58,554	$ 68,085

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (63,248)	$ (209,712)	$ (259,668)	$ (514,034)
Other comprehensive income (loss):
Net unrealized gain (loss) on investments (net of tax)	1,751	(3,827)	4,647	(6,541)
Total other comprehensive income (loss)	1,751	(3,827)	4,647	(6,541)
Comprehensive loss	$ (61,497)	$ (213,539)	$ (255,021)	$ (520,575)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities
Net loss	$ (259,668)	$ (514,034)
Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization	46,945	47,952
Amortization of deferred commissions	66,143	53,574
Amortization of investment premiums (accretion of discounts), net	(10,404)	(482)
Loss on strategic equity investments, net	3,414	97
Amortization of debt issuance costs	4,441	5,484
Non-cash operating lease costs	(751)	(2,805)
Stock-based compensation	383,517	413,141
Deferred income taxes	(509)	(1,020)
Loss on disposal of assets	10	0
Changes in operating assets and liabilities
Accounts receivable, net	700,777	553,106
Prepaid expenses and other assets	(24,646)	17,078
Deferred commissions	(70,412)	(62,754)
Accounts payable	10,915	23,629
Accrued compensation	(56,594)	(138,298)
Accrued expenses and other liabilities	(23,913)	(17,142)
Deferred revenue	(267,634)	(252,807)
Net cash provided by operating activities	501,631	124,719
Cash flows from investing activities
Purchases of property and equipment	(5,873)	(6,650)
Capitalized software development costs	(5,152)	(4,990)
Purchases of marketable securities	(877,018)	(923,762)
Maturities of marketable securities	1,282,895	209,424
Purchases of strategic investments	(3,300)	(6,099)
Other investment activities	0	1,436
Net cash provided by (used in) investing activities	391,552	(730,641)
Cash flows from financing activities
Proceeds from the exercise of stock options	230	1,132
Proceeds from employee stock purchase plan	51,201	48,596
Taxes paid related to net share settlement of equity awards	(111,739)	(124,614)
Net cash used in financing activities	(60,308)	(74,886)
Net increase (decrease) in cash and cash equivalents	832,875	(680,808)
Cash and cash equivalents at beginning of period	690,587	1,428,691
Cash and cash equivalents at end of period	1,523,462	747,883
Supplemental disclosures
Cash paid for income taxes	4,521	6,751
Cash paid for interest	10,866	17,659
Non-cash investing and financing activities
Increase in accrued purchases of property and equipment	3,708	2,994
Vesting of early exercised options	$ 0	$ 1

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjustment	Treasury stock	Accumulated other comprehensive loss	Accumulated deficit	Accumulated deficit Cumulative Effect, Period of Adoption, Adjustment
Balance, beginning of period at Jan. 31, 2022		$ 167	$ 5,032,351	$ (1,026,611)	$ (1,000,000)	$ (1,199)	$ (3,808,548)	$ 299,675
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted and performance stock units		2	0		0
Issuance of common stock upon ESPP purchase		1
Stock-based compensation			413,141
Capitalized software development costs			2,510
Issuance of common stock upon exercise of options			1,132
Vesting of early exercised options	$ 1		1
Taxes paid related to net share settlement of equity awards			(124,616)
Issuance of common stock upon ESPP purchase			48,595
Unrealized gain (loss) from investments (net of tax)						(6,541)
Net loss	(514,034)						(514,034)
Balance, end of period at Jul. 31, 2022	(683,974)	170	4,346,503		(1,000,000)	(7,740)	(4,022,907)
Balance, beginning of period at Apr. 30, 2022		168	4,155,066	0	(1,000,000)	(3,913)	(3,813,195)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted and performance stock units		1	0		0
Issuance of common stock upon ESPP purchase		1
Stock-based compensation			199,476
Capitalized software development costs			1,405
Issuance of common stock upon exercise of options			182
Vesting of early exercised options			0
Taxes paid related to net share settlement of equity awards			(58,221)
Issuance of common stock upon ESPP purchase			48,595
Unrealized gain (loss) from investments (net of tax)						(3,827)
Net loss	(209,712)						(209,712)
Balance, end of period at Jul. 31, 2022	(683,974)	170	4,346,503		(1,000,000)	(7,740)	(4,022,907)
Balance, beginning of period at Jan. 31, 2023	(110,513)	171	4,671,776	0	(989,362)	(6,363)	(3,786,735)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted and performance stock units		2	(4,673)		4,673
Issuance of common stock upon ESPP purchase		1
Stock-based compensation			383,517
Capitalized software development costs			3,335
Issuance of common stock upon exercise of options			230
Vesting of early exercised options	0		0
Taxes paid related to net share settlement of equity awards			(111,741)
Issuance of common stock upon ESPP purchase			51,200
Unrealized gain (loss) from investments (net of tax)						4,647
Net loss	(259,668)						(259,668)
Balance, end of period at Jul. 31, 2023	(38,990)	174	4,993,644		(984,689)	(1,716)	(4,046,403)
Balance, beginning of period at Apr. 30, 2023		172	4,818,486	$ 0	(988,032)	(3,467)	(3,983,155)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Vesting of restricted and performance stock units		1	(3,343)		3,343
Issuance of common stock upon ESPP purchase		1
Stock-based compensation			199,046
Capitalized software development costs			1,602
Issuance of common stock upon exercise of options			143
Vesting of early exercised options			0
Taxes paid related to net share settlement of equity awards			(73,490)
Issuance of common stock upon ESPP purchase			51,200
Unrealized gain (loss) from investments (net of tax)						1,751
Net loss	(63,248)						(63,248)
Balance, end of period at Jul. 31, 2023	$ (38,990)	$ 174	$ 4,993,644		$ (984,689)	$ (1,716)	$ (4,046,403)

Description of the Business and

Description of the Business and Significant Accounting Policies	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Description of the Business and Significant Accounting Policies	Description of the Business and Significant Accounting Policies Business Splunk Inc. (“we,” “us,” “our”) helps customers build a safer and more resilient digital world. We deliver innovative solutions that enable organizations to harness the value of their data to help keep their digital systems secure, available, and performant. Our solutions for security and observability empower Security Operations, IT Operations, and Development Operations teams to maintain resilient systems by monitoring and securing them more quickly and efficiently. We also believe our offerings empower operational transformation, helping customers move from reactive, non-scalable and ineffective approaches to proactive, automated, and machine learning-assisted processes that drive better outcomes even as the scale and complexity of their technology continue to grow. Fiscal Year Our fiscal year ends on January 31. References to fiscal 2024, for example, refer to the fiscal year ending January 31, 2024. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the SEC on March 23, 2023. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all normal recurring adjustments necessary to state fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods but are not necessarily indicative of the results of operations to be anticipated for the full fiscal 2024. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, the reported amounts of revenues and expenses and the accompanying notes. For example, we make estimates with respect to the stand-alone selling price for each performance obligation included in customer contracts with multiple performance obligations, uncollectible accounts receivable, the assessment of the useful life and recoverability of long-lived assets (property and equipment, goodwill and identified intangibles), the period of benefit for deferred commissions, stock-based compensation expense, the fair value of assets acquired and liabilities assumed in business combinations, income taxes, the discount rate used for operating leases and contingencies. Our actual results could differ from those estimates. There have been no significant changes to our significant accounting policies and estimates described in our Annual Report on Form 10-K for the year ended January 31, 2023, filed with the SEC on March 23, 2023. Segments We operate our business as one operating segment: the development, marketing, and sale of cloud services and licensed software solutions that enable our customers to gain real-time business insights by harnessing the value of their data. Our chief operating decision maker is our Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources. Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Splunk Inc. and its direct and indirect wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Foreign Currency The functional currency of our foreign subsidiaries is the U.S. Dollar. Foreign currency transaction gains and losses are included in “Other income (expense), net” on our condensed consolidated statements of operations and were not material during the three and six months ended July 31, 2023 and 2022. Revenue Recognition Our revenue consists of cloud service fees, license and related maintenance fees, and other service fees. Revenue is recognized when control of the promised subscriptions, products and services are transferred to customers, in an amount that reflects the consideration we expect to receive in exchange for those services and products. Cloud services are provided on a subscription basis and give our customers access to our cloud solutions and any related customer support. Licenses for on-premises software (“licenses”) are typically term licenses and provide the customer with a right to use the software. When a term license is purchased, maintenance is bundled with the license for the term of the license period. Other services include training and professional services that are not integral to the functionality of the cloud services or licenses. Our contracts with customers often contain multiple performance obligations, which may include a combination of cloud services, licenses, related maintenance and support services, professional services and training. The identification of performance obligations and the determination of whether they are distinct and should be accounted for separately may require significant judgment. For contracts with multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price (“SSP”), and revenue is recognized when the performance obligations are satisfied. We determine the SSP based on an observable standalone selling price when it is available as well as other factors, including the price charged to customers, our discounting practices, and our overall pricing objectives. In situations where pricing is highly variable, we estimate the SSP using the residual approach. For sales of our cloud services, we recognize revenue ratably over customers’ contract terms, beginning when access is provided to the customer, consistent with the pattern of transfer of benefits for those services. We recognize license revenue upon transfer of control of the licenses, which occurs at delivery of the license key to customers, or when the license term commences, if later. We recognize maintenance and support revenue ratably over the maintenance and support term, consistent with the pattern of benefit to the customer for those services. Professional services and training are either provided on a time and materials basis or over a contract term, and we recognize the associated revenue as those services are delivered. When our contracts include customer acceptance provisions, we recognize revenue no earlier than upon customer acceptance. Our policy is to record revenues net of any applicable sales, use, goods and services, value added, and excise taxes. Our multi-year cloud services and license contracts are typically invoiced annually. A current receivable for multi-year cloud services is generally recorded upon invoicing. A receivable for multi-year license contracts is recorded upon delivery, whether or not invoiced, to the extent we have an unconditional right to receive payment in the future related to those licenses. The non-current portion of these receivables, primarily consisting of unbilled receivables from multi-year license contracts, is included in “Accounts receivable, non-current” on our interim condensed consolidated balance sheets. Our standard payment terms generally require payment within 45 days. Actual payment terms and conditions vary. In instances where the timing of revenue recognition differs from the timing of payment, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing. Deferred revenue is recorded when cash payments are received or due in advance of satisfying our performance obligations to customers. It is comprised of balances related to cloud services, maintenance, training and professional services, as well as licenses that were delivered prior to the license term commencing. Recently Adopted Accounting Standards We did not adopt any new accounting standards during the six months ended July 31, 2023. Recently Issued Accounting Pronouncements There have been no accounting pronouncements or changes in accounting pronouncements that are significant or potentially significant to the Company.

Investments and Fair Value Meas

Investments and Fair Value Measurements	6 Months Ended
	Jul. 31, 2023
Investments, Debt and Equity Securities and Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	Investments and Fair Value Measurements The carrying amounts of certain of our financial instruments including cash equivalents, accounts receivable, accounts payable and accrued liabilities are representative of fair value due to their short-term maturities. Assets and liabilities recorded at fair value in the condensed consolidated financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels that are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: Level 1—Observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2—Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and consider factors specific to the asset or liability. The following table sets forth the fair value of our financial assets that were measured on a recurring basis: July 31, 2023 January 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 781,543 $ — $ — $ 781,543 $ 316,943 $ — $ — $ 316,943 U.S. government and agency securities — 360,722 — 360,722 — 1,180,861 — 1,180,861 Corporate bonds — 38,935 — 38,935 — 53,833 — 53,833 Commercial paper — 636,733 — 636,733 — 141,359 — 141,359 Reported as: Assets: Cash and cash equivalents $ 892,407 $ 376,649 Investments, current 925,526 1,316,347 Total $ 1,817,933 $ 1,692,996 Our investments in money market funds are measured at fair value on a recurring basis. These money market funds are actively traded and reported daily through a variety of sources. The fair value of the money market fund investments is classified as Level 1. The following table presents our investments in available-for-sale debt securities as of July 31, 2023: (In thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash and cash equivalents: U.S. government and agency securities $ 6,998 $ — $ — $ 6,998 Commercial paper 103,888 — (22) 103,866 Investments, current: U.S. government and agency securities 354,006 — (282) 353,724 Corporate bonds 38,995 2 (62) 38,935 Commercial paper 533,461 — (594) 532,867 Total available-for-sale investments $ 1,037,348 $ 2 $ (960) $ 1,036,390 The following table presents our investments in available-for-sale debt securities as of January 31, 2023: (In thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash and cash equivalents: U.S. government and agency securities $ 59,732 $ — $ (26) $ 59,706 Investments, current: U.S. government and agency securities 1,125,700 1 (4,546) 1,121,155 Corporate bonds 54,173 2 (342) 53,833 Commercial paper 142,061 — (702) 141,359 Total available-for-sale investments $ 1,381,666 $ 3 $ (5,616) $ 1,376,053 The following table presents the fair values and unrealized losses related to our investments in available-for-sale debt securities classified by length of time that the securities have been in a continuous unrealized loss position as of July 31, 2023: Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government and agency securities $ 355,851 $ (282) $ — $ — $ 355,851 $ (282) Corporate bonds 26,906 (50) 7,407 (12) 34,313 (62) Commercial paper 636,733 (616) — — 636,733 (616) Total $ 1,019,490 $ (948) $ 7,407 $ (12) $ 1,026,897 $ (960) The following table presents the fair values and unrealized losses related to our investments in available-for-sale debt securities classified by length of time that the securities have been in a continuous unrealized loss position as of January 31, 2023: Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government and agency securities $ 1,162,226 $ (4,530) $ 7,959 $ (42) $ 1,170,185 $ (4,572) Corporate bonds 50,258 (328) 1,887 (14) 52,145 (342) Commercial paper 141,359 (702) — — 141,359 (702) Total $ 1,353,843 $ (5,560) $ 9,846 $ (56) $ 1,363,689 $ (5,616) Investments with maturities of less than 12 months from the balance sheet date are classified as current assets, which are available for use to fund current operations. Investments with maturities greater than 12 months from the balance sheet date are classified as non-current assets. The contractual maturities of our investments in financial assets as of July 31, 2023 were all less than 12 months. Convertible Senior Notes Refer to Note 6 “Convertible Senior Notes” for details regarding the fair value of our convertible senior notes. Equity Investments Our equity investments are included in “Investments, non-current” on our condensed consolidated balance sheets. The following table provides a summary of our equity investments: (In thousands) July 31, 2023 January 31, 2023 Equity investments without readily determinable fair values $ 37,581 $ 37,994 Equity investments under the equity method of accounting 4,006 3,706 Total $ 41,587 $ 41,700

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings A putative class action lawsuit alleging violations of federal securities laws was filed on December 4, 2020 in the U.S. District Court for the Northern District of California (the “Court”) against us, our former Chief Executive Officer and our former Chief Financial Officer. The operative complaint, filed by lead plaintiff Louisiana Sheriffs’ Pension & Relief Fund, alleges that defendants made materially false and misleading statements regarding our marketing efforts, hiring practices, and retention of personnel. The lead plaintiff seeks unspecified monetary damages and other relief. On March 21, 2022, the Court issued a decision granting in part and denying in part a motion to dismiss filed by defendants, which limited the putative class period to May 21, 2020 through December 2, 2020. On January 30, 2023, the parties entered into a stipulation of settlement, subject to Court approval. The settlement resolves all claims asserted against us and the other named defendants without any admission, concession, or finding of any fault, liability, or wrongdoing by defendants. Under the terms of the settlement, we will cause $30 million to be paid into a settlement escrow account, of which $4.6 million has been paid by us in satisfaction of the retention limit of our primary Director & Officer (“D&O”) insurance policy and $25.4 million will be paid by our insurers, in return for a release of claims and dismissal of the case. On February 7, 2023, lead plaintiff filed an unopposed motion for preliminary approval of the settlement, which attaches the stipulation of settlement. The motion for preliminary approval of the settlement is under submission and is awaiting a decision by the Court. The Company recognized a liability, which is included in “Accrued expenses and other liabilities” on our condensed consolidated balance sheets, in the amount of $25.4 million which represents our remaining obligation to settle claims under the stipulation of settlement as of July 31, 2023. A corresponding receivable was recognized, which is included in “Prepaid expenses and other current assets” on our condensed consolidated balance sheets, which represents the insurance proceeds we are entitled to under our D&O insurance policy that will be paid by our insurers to settle claims on our behalf. Ten derivative lawsuits related to the securities class action were filed in February, March and April 2021, October and December 2022, and January, February and March 2023 in the U.S. District Court for the Northern District of California, the California Superior Court, San Francisco County, and the Court of Chancery of the State of Delaware. Due to the consolidation of several of these lawsuits, there are now seven pending derivative actions. The derivative actions name our former Chief Executive Officer, our former Chief Financial Officer, several other current and former officers, and many of our current and former board members as defendants, and the Company as a nominal defendant. The derivative actions allege claims for breach of fiduciary duties, unjust enrichment, waste of corporate assets, abuse of control, and gross mismanagement against the defendants, and claims for contribution under Sections 10(b) and 21D of the Exchange Act against only our former Chief Executive Officer and former Chief Financial Officer. The plaintiffs seek unspecified monetary damages and other relief on behalf of the Company. The courts have stayed three of the seven derivative actions pursuant to stipulation of the parties, and the parties have submitted a stipulation and proposed order staying one other derivative action. On August 9, 2021, we received a demand letter alleging claims similar to those in the derivative lawsuits. On May 23, 2022, the board of directors formed a committee to evaluate the stockholder’s demand and make recommendations to the full board of directors. On September 13, 2022, we received a second demand letter alleging claims similar to those in the derivative lawsuits, which was also referred to the committee. We are also subject to certain routine legal and regulatory proceedings, as well as demands and claims that arise in the normal course of our business. We make a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impact of negotiations, estimated settlements, legal rulings, advice of legal counsel and other information and events pertaining to a particular matter. In our opinion, resolution of any pending claims (either individually or in the aggregate) is not expected to have a material adverse impact on our condensed consolidated results of operations, cash flows or financial position, nor is it possible to provide an estimated amount of any such loss. However, depending on the nature and timing of any such dispute, an unfavorable resolution of a matter could materially affect our future financial position, results of operations or cash flows, or all, in a particular period. Indemnification Arrangements During the ordinary course of business, we may indemnify, hold harmless and agree to reimburse for losses suffered or incurred by our customers, vendors, and each of their affiliates for certain intellectual property infringement and other claims by third parties with respect to our offerings, in connection with our commercial license arrangements or related to general business dealings with those parties. As permitted under Delaware law, we have entered into indemnification agreements with our officers, directors and certain employees, indemnifying them for certain events or occurrences in connection with their service as our officers or directors or those of our direct and indirect subsidiaries.

Property and Equipment

Property and Equipment	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. These assets are depreciated and amortized using the straight-line method over their estimated useful lives. Property and equipment consisted of the following: (In thousands) July 31, 2023 January 31, 2023 Computer equipment and software $ 75,792 $ 82,248 Furniture and fixtures 25,693 27,076 Leasehold and building improvements (1) 111,894 144,130 Capitalized software development costs (2) 59,076 50,590 Property and equipment, gross 272,455 304,044 Less: accumulated depreciation and amortization (164,914) (195,504) Property and equipment, net $ 107,541 $ 108,540 _________________________ (1) Includes costs related to assets not yet placed into service of $2.3 million and $2.8 million, as of July 31, 2023 and January 31, 2023, respectively. (2) Includes costs related to projects still under development of $11.2 million and $5.1 million, as of July 31, 2023 and January 31, 2023, respectively. Depreciation and amortization expense related to property and equipment, net was $8.6 million and $10.6 million for the three months ended July 31, 2023 and 2022, respectively, and $19.1 million and $19.9 million for the six months ended July 31, 2023 and 2022, respectively. Geographic Information The following table presents our long-lived assets, which consist of property and equipment, net of depreciation and amortization, and operating lease right-of-use assets by geographic region: (In thousands) July 31, 2023 January 31, 2023 United States $ 240,842 $ 251,150 United Kingdom 34,433 36,667 Other International 10,371 7,704 Total long-lived assets $ 285,646 $ 295,521

Acquisition, Goodwill and Intan

Acquisition, Goodwill and Intangible Assets	6 Months Ended
	Jul. 31, 2023
Business Combinations [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill There was no impairment of goodwill during the six months ended July 31, 2023 or 2022. Intangible Assets Intangible assets subject to amortization as of July 31, 2023 were as follows: (In thousands, except useful life) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Useful Life Developed technology $ 204,969 $ (129,633) $ 75,336 32 Customer relationships 71,800 (55,437) 16,363 13 Total intangible assets subject to amortization $ 276,769 $ (185,070) $ 91,699 Intangible assets subject to amortization as of January 31, 2023 were as follows: (In thousands, except useful life) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Useful Life Developed technology $ 204,969 $ (110,757) $ 94,212 36 Customer relationships 90,900 (65,524) 25,376 18 Total intangible assets subject to amortization $ 295,869 $ (176,281) $ 119,588 Amortization expense from acquired intangible assets was $13.7 million and $14.0 million for the three months ended July 31, 2023 and 2022, respectively, and $27.9 million and $28.1 million for the six months ended July 31, 2023 and 2022, respectively. The expected future amortization expense for acquired intangible assets as of July 31, 2023 is as follows: Fiscal Period (In thousands) Expected Amortization Expense Remaining fiscal 2024 $ 24,737 Fiscal 2025 36,743 Fiscal 2026 19,858 Fiscal 2027 10,361 Total amortization expense $ 91,699

Convertible Senior Notes

Convertible Senior Notes	6 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Convertible Senior Notes	Convertible Senior Notes The net carrying amounts of each series of Notes as of July 31, 2023 were as follows: (In thousands) 2023 Notes 2025 Notes 2026 Notes 2027 Notes Principal amount $ 776,661 $ 862,500 $ 1,000,000 $ 1,265,000 Unamortized issuance costs (205) (2,834) (10,771) (10,965) Net carrying amount $ 776,456 $ 859,666 $ 989,229 $ 1,254,035 As the 2023 Notes mature within the next twelve months, they are classified as “Debt, current” on our condensed consolidated balance sheets as of July 31, 2023. The 2025 Notes, 2026 Notes, and 2027 Notes do not mature within the next twelve months and are classified as "Debt, non-current” on our condensed consolidated balance sheets as of July 31, 2023. The following table sets forth the interest expense related to each series of Notes: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 2023 Notes: Coupon interest expense $ 971 $ 971 $ 1,942 $ 1,942 Amortization of debt issuance costs 424 638 801 966 Total interest expense related to the 2023 Notes $ 1,395 $ 1,609 $ 2,743 $ 2,908 2025 Notes: Coupon interest expense $ 2,426 $ 2,426 $ 4,852 $ 4,852 Amortization of debt issuance costs 349 642 603 866 Total interest expense related to the 2025 Notes $ 2,775 $ 3,068 $ 5,455 $ 5,718 2026 Notes: Coupon interest expense $ 1,875 $ 1,875 $ 3,750 $ 3,750 Amortization of debt issuance costs 917 1,417 1,737 1,944 Total interest expense related to the 2026 Notes $ 2,792 $ 3,292 $ 5,487 $ 5,694 2027 Notes: Coupon interest expense $ 3,558 $ 3,558 $ 7,116 $ 7,116 Amortization of debt issuance costs 723 1,274 1,300 1,708 Total interest expense related to the 2027 Notes $ 4,281 $ 4,832 $ 8,416 $ 8,824 As of July 31, 2023, the total estimated fair values of the 2023 Notes, the 2025 Notes, 2026 Notes, and the 2027 Notes were approximately $0.77 billion, $0.86 billion, $0.81 billion, and $1.09 billion, respectively. We consider the fair value of the 2023 Notes, the 2025 Notes, and the 2027 Notes to be a Level 2 measurement. The fair value for each series of the Notes was determined based on the closing trading price per $100 of the applicable series of Notes as of the last day of trading for the period. We consider the fair value of the 2026 Notes to be a Level 3 measurement. The estimated fair value of the 2026 Notes represents the present value of future principal and interest payments. 2023 and 2025 Notes In September 2018, we issued $1.27 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2023 (the “2023 Notes”), and $862.5 million aggregate principal amount of 1.125% Convertible Senior Notes due 2025 (the “2025 Notes”). The 2023 Notes and the 2025 Notes are general senior, unsecured obligations of Splunk. The total proceeds from the issuance of the 2023 Notes and the 2025 Notes was $2.11 billion, net of initial purchaser discounts and other issuance costs. The 2023 Notes will mature on September 15, 2023, and the 2025 Notes will mature on September 15, 2025, in each case unless earlier redeemed, repurchased or converted. The 2023 Notes bear interest from September 21, 2018 at a rate of 0.50% per year and the 2025 Notes bear interest from September 21, 2018 at a rate of 1.125% per year, in each case payable semiannually in arrears on March 15 and September 15 of each year. The initial conversion rate for each of the 2023 Notes and 2025 Notes is 6.7433 shares of our common stock per $1,000 principal amount of each of the 2023 Notes and 2025 Notes, which is equivalent to an initial conversion price of approximately $148.30 per share of our common stock, subject to adjustment upon the occurrence of certain specified events. 2026 Notes On July 9, 2021, we issued $1.0 billion aggregate principal amount of 0.75% Convertible Senior Notes due 2026 (the “2026 Notes”). The 2026 Notes are general senior, unsecured obligations of Splunk. The total proceeds from the issuance of the 2026 Notes was $981.7 million, net of issuance costs. The 2026 Notes will mature on July 15, 2026, unless earlier redeemed, repurchased or converted. The 2026 Notes bear interest at a rate of 0.75% per year, payable semiannually in arrears on January 15 and July 15 of each year. The initial conversion rate for the 2026 Notes is 6.25 shares of our common stock per $1,000 principal amount of the 2026 Notes, which is equivalent to an initial conversion price of approximately $160.00 per share of our common stock, subject to adjustment upon the occurrence of certain specified events. 2027 Notes On June 5, 2020, we issued $1.27 billion aggregate principal amount of 1.125% Convertible Senior Notes due 2027 (the “2027 Notes”). The 2027 Notes are general senior, unsecured obligations of Splunk. The total proceeds from the issuance of the 2027 Notes was $1.25 billion, net of initial purchaser discounts and other issuance costs. The 2027 Notes will mature on June 15, 2027, unless earlier redeemed, repurchased or converted. The 2027 Notes bear interest from June 5, 2020 at a rate of 1.125% per year, payable semiannually in arrears on June 15 and December 15 of each year. The initial conversion rate for the 2027 Notes is 3.9164 shares of our common stock per $1,000 principal amount of the 2027 Notes, which is equivalent to an initial conversion price of approximately $255.34 per share of our common stock, subject to adjustment upon the occurrence of certain specified events. Other Terms The 2023 Notes, 2025 Notes, and 2027 Notes will be convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding June 15, 2023, June 15, 2025, and December 15, 2026, for the 2023 Notes, 2025 Notes and 2027 Notes, respectively, only under the following circumstances: • during any fiscal quarter commencing after the fiscal quarter ending on January 31, 2019 (and only during such fiscal quarter) for the 2023 Notes and the 2025 Notes, and October 31, 2020 (and only during such fiscal quarter) for the 2027 Notes, if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price for the relevant series of Notes on each applicable trading day; • during the five business day period after any 10 consecutive trading day period (the “measurement period”) in which the trading price (as defined in the indenture governing the relevant series of Notes) per $1,000 principal amount of the relevant series of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate for the relevant series of Notes on each such trading day; • if we call the relevant series of Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or • upon the occurrence of specified corporate events as set forth in the relevant indenture. On or after June 15, 2023, June 15, 2025, and December 15, 2026, for the 2023 Notes, 2025 Notes, and 2027 Notes, respectively, until the close of business on the second scheduled trading day immediately preceding the relevant maturity date, holders of the relevant series of Notes may convert all or any portion of their Notes of such series, in multiples of $1,000 principal amount, regardless of the foregoing circumstances. Upon conversion, we may satisfy our conversion obligation by paying and/or delivering cash, shares of our common stock or a combination of cash and shares of our common stock, at our election, in the manner and subject to the terms and conditions provided in the relevant indenture; provided, in the case of the 2026 Notes, the holder is to determine the settlement method related to any Notes converted in connection with the exercise of our redemption option as mentioned above. We may redeem for cash all or any portion of the 2027 Notes, at our option, on or after June 20, 2024, and may currently redeem for cash all or any portion of the 2023 Notes and 2025 Notes, if the last reported sale price of our common stock has been at least 130% of the conversion price for the relevant series of Notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the relevant series of Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the relevant redemption date. Whether to exercise our redemption options under each respective indenture is solely within our control. The 2026 Notes are convertible into shares of our common stock at the option of the holder at any time prior to the close of business on the business day immediately preceding the maturity date. We may redeem for cash all or any portion of the 2026 Notes, at our option, on or after July 20, 2024 if the last reported sale price of our common stock has been 140% of the conversion price for the 2026 Notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the 2026 Notes, plus accrued and unpaid interest to, but excluding, the redemption date. Whether to exercise our redemption option is solely within our control. During the three months ended July 31, 2023, the conditions allowing holders of the 2023 Notes, 2025 Notes, 2026 Notes, and 2027 Notes to redeem were not met. Capped Calls In connection with the issuance of the 2023 Notes, the 2025 Notes, and the 2027 Notes, we entered into privately negotiated capped call transactions relating to each series of Notes (the “Capped Calls”). The Capped Calls are expected to reduce potential dilution to our common stock upon conversion of the applicable series of Notes and/or offset any cash payments we may make in excess of the principal amount of converted notes of such series, as the case may be, with such reduction and/or offset subject to a cap. The Capped Calls are subject to adjustment upon the occurrence of certain specified extraordinary events affecting us, including merger events and tender offers. In addition, the Capped Calls are subject to certain specified additional disruption events that may give rise to a termination of the Capped Calls, including nationalization, insolvency or delisting, changes in law, failures to deliver, insolvency filings and hedging disruptions. The following table sets forth other key terms and premiums paid for the Capped Calls related to the 2023 Notes, the 2025 Notes, and the 2027 Notes: Capped Calls Entered into in Connection with the Issuance of the 2023 and 2025 Notes Capped Calls Entered into in Connection with the Issuance of the 2027 Notes Initial strike price, subject to certain adjustments $ 148.30 $ 255.34 Cap price, subject to certain adjustments $ 232.62 $ 378.28 Total premium paid (in thousands) $ 274,275 $ 137,379 For accounting purposes, the Capped Calls are separate transactions, and not part of the terms of any series of Notes. As the Capped Calls qualify for a scope exception from derivative accounting for instruments that are both indexed to our own stock and classified in stockholders’ equity on our consolidated balance sheet, the premium paid for the purchase of the Capped Calls has been recorded as a reduction to “Additional paid-in capital” and will not be remeasured.

Stock Compensation Plans and St

Stock Compensation Plans and Stockholders' Equity	6 Months Ended
	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans and Stockholders' Equity	Stock Compensation Plans and Stockholders’ Equity Equity Incentive Plans In 2012, our board of directors and stockholders approved the 2012 Equity Incentive Plan (as amended, the “2012 Plan”), which became effective in April 2012 and expired in March 2022 pursuant to its terms. The 2012 Plan provided for the grant of incentive stock options and for the grant of nonstatutory stock options (“options”), restricted stock awards (“RSAs”), restricted stock units (“RSUs”), stock appreciation rights, performance units (“PSUs”) and performance shares. We ceased making grants under the 2012 Plan when it expired in March 2022. In January 2022, our board of directors approved the 2022 Inducement Plan (the “Inducement Plan”) in accordance with Listing Rule 5635(c)(4) of the corporate governance rules of the Nasdaq Stock Market. The Inducement Plan was effective in April 2022 and was used for grants to new employees only. In April 2022, we granted stand-alone inducement equity awards to our Chief Executive Officer in accordance with Listing Rule 5635(c)(4) of the corporate governance rules of the Nasdaq Stock Market. In the second quarter of fiscal 2023, our board of directors and stockholders approved the 2022 Equity Incentive Plan (the “2022 Plan”) and we ceased making grants under the Inducement Plan. During the six months ended July 31, 2023 and 2022, upon each settlement date of our outstanding RSUs and PSUs, we withheld shares to cover the required withholding tax based on the value of a share on the settlement date as determined by the closing price of our common stock on the applicable settlement date. If the settlement date did not fall on a trading day, the value of a share was based on the closing price of our common stock on the next trading day following the settlement date. The amount remitted to the tax authorities for the employees’ tax obligations is reflected as a financing activity on our condensed consolidated statements of cash flows. Shares withheld by us as a result of the net settlement of RSUs and PSUs issued under the 2022 Plan and the 2022 Inducement Plan will not become available for future grant or sale. PSUs The following table summarizes our PSU activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 386 $ 193.96 PSUs granted 438 $ 124.22 PSUs vested (138) $ 140.21 Outstanding as of July 31, 2023 686 $ 160.21 Compensation expense for PSUs with financial performance or market vesting conditions is measured using the fair value at the date of grant and recorded over the vesting period of three four Certain PSUs granted in fiscal 2024 are subject to a single market performance condition which allows employees to earn 0% to 200% of their target award over two- and three-year performance periods, with a cap of one-third of the target award eligible to be earned for the two-year performance period. The PSUs granted in fiscal 2023 and certain PSUs granted in fiscal 2024 are subject to a single market performance condition which allows employees to earn 0% to 200% of their target award over one-, two- and three-year performance periods, with a cap of one-third of the target award eligible to be earned for each of the one- and two-year performance periods. As of July 31, 2023, awards related to the one-year performance period for the PSUs granted in fiscal 2023 have been earned. RSUs The following table summarizes our RSU activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 11,627 $ 128.11 RSUs granted 3,712 $ 92.72 RSUs vested (3,112) $ 134.73 RSUs forfeited and canceled (1,078) $ 128.64 Outstanding as of July 31, 2023 11,149 $ 114.44 RSAs The following table summarizes our RSA activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 289 $ 86.15 RSAs vested (34) $ 135.14 Outstanding as of July 31, 2023 255 $ 79.58 Stock Options The following table summarizes our stock option activity during the six months ended July 31, 2023: Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in thousands) Outstanding as of January 31, 2023 108 $ 10.27 5.3 $ 9,276 Options exercised (22) $ 10.57 Options forfeited and expired — $ 29.81 Outstanding as of July 31, 2023 86 $ 10.09 4.8 $ 8,479 Vested and expected to vest 86 $ 10.09 4.8 $ 8,452 Exercisable as of July 31, 2023 80 $ 9.91 4.8 $ 7,838 _________________________ (1) The intrinsic value is calculated as the difference between the exercise price of the underlying stock option award and the closing market price of our common stock as of July 31, 2023. The following table presents unrecognized compensation cost and the related weighted-average recognition period for RSUs, PSUs, RSAs, and stock options as of July 31, 2023: Unrecognized Compensation Cost Weighted-Average Recognition Period RSUs $ 1,048,459 2.1 PSUs 61,557 1.7 RSAs 14,516 2.1 Stock options 634 1.3 Total unrecognized compensation cost $ 1,125,166

Revenues, Accounts Receivable,

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations	6 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations	Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations Disaggregation of Revenues The following table presents disaggregated revenues by major product or service type: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 Revenues Cloud services $ 445,163 $ 346,405 $ 864,598 $ 669,334 License 295,439 281,716 466,869 467,527 Maintenance and services 169,983 170,632 330,626 335,973 Total revenues $ 910,585 $ 798,753 $ 1,662,093 $ 1,472,834 Revenues by geography are based on the shipping address of the customer. The following table presents our revenues by geographic region: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 United States $ 590,198 $ 547,829 $ 1,078,512 $ 1,000,744 International 320,387 250,924 583,581 472,090 Total revenues $ 910,585 $ 798,753 $ 1,662,093 $ 1,472,834 The following table presents revenues as a percentage of consolidated total revenues from customers representing 10% or more of total revenues: Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Channel Partner A 26 % 25 % 25 % 26 % Channel Partner B 18 % 15 % 16 % 14 % The revenues from these customers are comprised of a number of end user transactions. Accounts Receivable The following table presents total current and non-current accounts receivable by channel partners representing 10% or more of total current and non-current accounts receivable, net: July 31, 2023 January 31, 2023 Channel Partner A 26 % 26 % Channel Partner B 12 % 6 % Deferred Revenue Revenues recognized from amounts included in deferred revenue as of January 31, 2023 and 2022 were $0.9 billion and $0.8 billion during the six months ended July 31, 2023 and 2022, respectively. Remaining Performance Obligations Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancelable amounts that will be invoiced in future periods. Our remaining performance obligations were $2.9 billion as of July 31, 2023, of which we expect to recognize approximately 66% as revenue over the next 12 months, and we expect to recognize substantially all of the remainder over the next 13 to 36 months.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are subject to income taxes in the U.S. and in foreign jurisdictions. We base our interim tax provision on an estimated annual effective tax rate applied to year-to-date results, and we record discrete tax items in the period to which they relate. Each quarter, we update our estimated annual effective tax rate and record a year-to-date adjustment to our tax provision as necessary. For the three and six months ended July 31, 2023, we determined that the annual effective tax rate method would not provide a reliable estimate for our U.S. jurisdiction because the rate is highly sensitive to immaterial changes in forecasted ordinary income or loss. As a result, we applied the actual effective tax rate to the loss for our U.S. jurisdiction for the three and six months ended July 31, 2023. For the three months ended July 31, 2023 and 2022, we recorded income tax expense of $6.7 million and $7.9 million, respectively. For the six months ended July 31, 2023 and 2022, we recorded income tax expense of $11.3 million and $11.3 million, respectively. Our effective tax rate for the three and six months ended July 31, 2023 differs from the U.S. statutory rate primarily due to the valuation allowance recorded on our U.S. losses. During the three months ended July 31, 2023, there were no material changes to our unrecognized tax benefits, and we do not expect material changes in our unrecognized tax benefits within the next twelve months. Because of our history of tax losses, all years remain open to tax audit.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less the weighted-average unvested common stock subject to repurchase or forfeiture. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including convertible senior notes, stock options, RSUs, PSUs and RSAs to the extent dilutive. The following table sets forth the computation of historical basic and diluted net loss per share: Three Months Ended July 31, Six Months Ended July 31, (In thousands, except per share amounts) 2023 2022 2023 2022 Numerator: Net loss $ (63,248) $ (209,712) $ (259,668) $ (514,034) Denominator: Weighted-average common shares outstanding 166,716 161,912 166,002 161,220 Less: Weighted-average unvested common shares subject to repurchase or forfeiture (257) (125) (265) (150) Weighted-average shares used to compute net loss per share, basic and diluted 166,459 161,787 165,737 161,070 Net loss per share, basic and diluted $ (0.38) $ (1.30) $ (1.57) $ (3.19) As we were in a net loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potentially dilutive securities outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: As of July 31, (In thousands) 2023 2022 Shares subject to outstanding common stock options 86 126 Shares subject to outstanding RSUs, PSUs and RSAs 12,090 13,473 Employee stock purchase plan 3,574 2,183 Shares underlying the conversion options of the Notes 22,258 22,258 Total 38,008 38,040

Restructuring

Restructuring	6 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the fiscal quarter ended April 30, 2023, we announced a restructuring plan (the “Plan”). The Plan resulted in a reduction of our global workforce that has been carried out in phases. The actions associated with the Plan are expected to be completed by the end of fiscal 2024, subject to local law and consultation requirements. The Company has incurred $27.7 million in charges in connection with the Plan during the six months ended July 31, 2023 related to estimated severance payments, retention payments, employee benefits and transition costs, and non-cash charges for share-based compensation. For the three months ended July 31, 2023, we recorded a $1.4 million net reduction in charges to date under the Plan, reflecting the net impact of additional charges related to an action carried out in the three months ended July 31, 2023, net of changes in estimated costs related to actions carried out in the three months ended April 30, 2023. (In thousands) Workforce reduction Charges $ 27,697 Payments (18,931) Non-cash items (2,557) Liability as of July 31, 2023 $ 6,209 The liability as of July 31, 2023 for restructuring charges is included in accrued expenses and other liabilities in the condensed consolidated balance sheets. Restructuring charges for the six months ended July 31, 2023 are included in the condensed consolidated statements of operations, as follows: (In thousands) Cost of revenues $ 1,238 Research and development 14,853 Sales and marketing 3,164 General and administrative 8,442 Total $ 27,697

Subsequent Event

Subsequent Event	6 Months Ended
	Jul. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventPursuant to our continuing evaluation of office space needs, in August 2023 we entered into an agreement to sublease certain space located in Plano, TX. We expect to record an impairment charge of approximately $22 million in the three months ended October 31, 2023, which will be allocated to lease-related assets including the right-of-use asset and leasehold improvements. As we remain obligated under the head lease, the related lease liability is not impacted by the sublease.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of the Business a_2

Description of the Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Business and Basis of Presentation	Business Splunk Inc. (“we,” “us,” “our”) helps customers build a safer and more resilient digital world. We deliver innovative solutions that enable organizations to harness the value of their data to help keep their digital systems secure, available, and performant. Our solutions for security and observability empower Security Operations, IT Operations, and Development Operations teams to maintain resilient systems by monitoring and securing them more quickly and efficiently. We also believe our offerings empower operational transformation, helping customers move from reactive, non-scalable and ineffective approaches to proactive, automated, and machine learning-assisted processes that drive better outcomes even as the scale and complexity of their technology continue to grow. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the SEC on March 23, 2023. In the opinion of management, the accompanying unaudited interim condensed consolidated financial statements reflect all normal recurring adjustments necessary to state fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods but are not necessarily indicative of the results of operations to be anticipated for the full fiscal 2024.
Fiscal Year	Fiscal Year Our fiscal year ends on January 31. References to fiscal 2024, for example, refer to the fiscal year ending January 31, 2024.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, the reported amounts of revenues and expenses and the accompanying notes. For example, we make estimates with respect to the stand-alone selling price for each performance obligation included in customer contracts with multiple performance obligations, uncollectible accounts receivable, the assessment of the useful life and recoverability of long-lived assets (property and equipment, goodwill and identified intangibles), the period of benefit for deferred commissions, stock-based compensation expense, the fair value of assets acquired and liabilities assumed in business combinations, income taxes, the discount rate used for operating leases and contingencies. Our actual results could differ from those estimates. There have been no significant changes to our significant accounting policies and estimates described in our Annual Report on Form 10-K for the year ended January 31, 2023, filed with the SEC on March 23, 2023.
Segments	Segments We operate our business as one operating segment: the development, marketing, and sale of cloud services and licensed software solutions that enable our customers to gain real-time business insights by harnessing the value of their data. Our chief operating decision maker is our Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Splunk Inc. and its direct and indirect wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.
Foreign Currency	Foreign CurrencyThe functional currency of our foreign subsidiaries is the U.S. Dollar. Foreign currency transaction gains and losses are included in “Other income (expense), net” on our condensed consolidated statements of operations and were not material during the three and six months ended July 31, 2023 and 2022.
Revenue Recognition	Revenue Recognition Our revenue consists of cloud service fees, license and related maintenance fees, and other service fees. Revenue is recognized when control of the promised subscriptions, products and services are transferred to customers, in an amount that reflects the consideration we expect to receive in exchange for those services and products. Cloud services are provided on a subscription basis and give our customers access to our cloud solutions and any related customer support. Licenses for on-premises software (“licenses”) are typically term licenses and provide the customer with a right to use the software. When a term license is purchased, maintenance is bundled with the license for the term of the license period. Other services include training and professional services that are not integral to the functionality of the cloud services or licenses. Our contracts with customers often contain multiple performance obligations, which may include a combination of cloud services, licenses, related maintenance and support services, professional services and training. The identification of performance obligations and the determination of whether they are distinct and should be accounted for separately may require significant judgment. For contracts with multiple performance obligations, the transaction price is allocated to each performance obligation using the relative stand-alone selling price (“SSP”), and revenue is recognized when the performance obligations are satisfied. We determine the SSP based on an observable standalone selling price when it is available as well as other factors, including the price charged to customers, our discounting practices, and our overall pricing objectives. In situations where pricing is highly variable, we estimate the SSP using the residual approach. For sales of our cloud services, we recognize revenue ratably over customers’ contract terms, beginning when access is provided to the customer, consistent with the pattern of transfer of benefits for those services. We recognize license revenue upon transfer of control of the licenses, which occurs at delivery of the license key to customers, or when the license term commences, if later. We recognize maintenance and support revenue ratably over the maintenance and support term, consistent with the pattern of benefit to the customer for those services. Professional services and training are either provided on a time and materials basis or over a contract term, and we recognize the associated revenue as those services are delivered. When our contracts include customer acceptance provisions, we recognize revenue no earlier than upon customer acceptance. Our policy is to record revenues net of any applicable sales, use, goods and services, value added, and excise taxes. Our multi-year cloud services and license contracts are typically invoiced annually. A current receivable for multi-year cloud services is generally recorded upon invoicing. A receivable for multi-year license contracts is recorded upon delivery, whether or not invoiced, to the extent we have an unconditional right to receive payment in the future related to those licenses. The non-current portion of these receivables, primarily consisting of unbilled receivables from multi-year license contracts, is included in “Accounts receivable, non-current” on our interim condensed consolidated balance sheets. Our standard payment terms generally require payment within 45 days. Actual payment terms and conditions vary. In instances where the timing of revenue recognition differs from the timing of payment, we have determined our contracts do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with simplified and predictable ways of purchasing our products and services, not to receive financing from our customers or to provide customers with financing.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Standards We did not adopt any new accounting standards during the six months ended July 31, 2023. Recently Issued Accounting Pronouncements There have been no accounting pronouncements or changes in accounting pronouncements that are significant or potentially significant to the Company.

Description of the Business a_3

Description of the Business and Significant Accounting Policies New Accounting Pronouncements (Tables)	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Recently Issued Accounting Pronouncements There have been no accounting pronouncements or changes in accounting pronouncements that are significant or potentially significant to the Company.

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2023
Investments, Debt and Equity Securities and Fair Value Disclosures [Abstract]
Schedule of fair value of financial assets and liabilities that were measured on a recurring basis	The following table sets forth the fair value of our financial assets that were measured on a recurring basis: July 31, 2023 January 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 781,543 $ — $ — $ 781,543 $ 316,943 $ — $ — $ 316,943 U.S. government and agency securities — 360,722 — 360,722 — 1,180,861 — 1,180,861 Corporate bonds — 38,935 — 38,935 — 53,833 — 53,833 Commercial paper — 636,733 — 636,733 — 141,359 — 141,359 Reported as: Assets: Cash and cash equivalents $ 892,407 $ 376,649 Investments, current 925,526 1,316,347 Total $ 1,817,933 $ 1,692,996
Schedule of available-for-sale securities reconciliation	The following table presents our investments in available-for-sale debt securities as of July 31, 2023: (In thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash and cash equivalents: U.S. government and agency securities $ 6,998 $ — $ — $ 6,998 Commercial paper 103,888 — (22) 103,866 Investments, current: U.S. government and agency securities 354,006 — (282) 353,724 Corporate bonds 38,995 2 (62) 38,935 Commercial paper 533,461 — (594) 532,867 Total available-for-sale investments $ 1,037,348 $ 2 $ (960) $ 1,036,390 The following table presents our investments in available-for-sale debt securities as of January 31, 2023: (In thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash and cash equivalents: U.S. government and agency securities $ 59,732 $ — $ (26) $ 59,706 Investments, current: U.S. government and agency securities 1,125,700 1 (4,546) 1,121,155 Corporate bonds 54,173 2 (342) 53,833 Commercial paper 142,061 — (702) 141,359 Total available-for-sale investments $ 1,381,666 $ 3 $ (5,616) $ 1,376,053
Schedule of unrealized loss on investments	The following table presents the fair values and unrealized losses related to our investments in available-for-sale debt securities classified by length of time that the securities have been in a continuous unrealized loss position as of July 31, 2023: Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government and agency securities $ 355,851 $ (282) $ — $ — $ 355,851 $ (282) Corporate bonds 26,906 (50) 7,407 (12) 34,313 (62) Commercial paper 636,733 (616) — — 636,733 (616) Total $ 1,019,490 $ (948) $ 7,407 $ (12) $ 1,026,897 $ (960) The following table presents the fair values and unrealized losses related to our investments in available-for-sale debt securities classified by length of time that the securities have been in a continuous unrealized loss position as of January 31, 2023: Less than 12 Months 12 Months or Greater Total (In thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. government and agency securities $ 1,162,226 $ (4,530) $ 7,959 $ (42) $ 1,170,185 $ (4,572) Corporate bonds 50,258 (328) 1,887 (14) 52,145 (342) Commercial paper 141,359 (702) — — 141,359 (702) Total $ 1,353,843 $ (5,560) $ 9,846 $ (56) $ 1,363,689 $ (5,616)
Schedule of equity investments	The following table provides a summary of our equity investments: (In thousands) July 31, 2023 January 31, 2023 Equity investments without readily determinable fair values $ 37,581 $ 37,994 Equity investments under the equity method of accounting 4,006 3,706 Total $ 41,587 $ 41,700

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consisted of the following: (In thousands) July 31, 2023 January 31, 2023 Computer equipment and software $ 75,792 $ 82,248 Furniture and fixtures 25,693 27,076 Leasehold and building improvements (1) 111,894 144,130 Capitalized software development costs (2) 59,076 50,590 Property and equipment, gross 272,455 304,044 Less: accumulated depreciation and amortization (164,914) (195,504) Property and equipment, net $ 107,541 $ 108,540 _________________________ (1) Includes costs related to assets not yet placed into service of $2.3 million and $2.8 million, as of July 31, 2023 and January 31, 2023, respectively. (2) Includes costs related to projects still under development of $11.2 million and $5.1 million, as of July 31, 2023 and January 31, 2023, respectively.
Long-Lived Assets by Geographic Areas	The following table presents our long-lived assets, which consist of property and equipment, net of depreciation and amortization, and operating lease right-of-use assets by geographic region: (In thousands) July 31, 2023 January 31, 2023 United States $ 240,842 $ 251,150 United Kingdom 34,433 36,667 Other International 10,371 7,704 Total long-lived assets $ 285,646 $ 295,521

Acquisition, Goodwill and Int_2

Acquisition, Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jul. 31, 2023
Business Combinations [Abstract]
Schedule of finite-lived intangible assets	Intangible assets subject to amortization as of July 31, 2023 were as follows: (In thousands, except useful life) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Useful Life Developed technology $ 204,969 $ (129,633) $ 75,336 32 Customer relationships 71,800 (55,437) 16,363 13 Total intangible assets subject to amortization $ 276,769 $ (185,070) $ 91,699 Intangible assets subject to amortization as of January 31, 2023 were as follows: (In thousands, except useful life) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-Average Remaining Useful Life Developed technology $ 204,969 $ (110,757) $ 94,212 36 Customer relationships 90,900 (65,524) 25,376 18 Total intangible assets subject to amortization $ 295,869 $ (176,281) $ 119,588
Schedule of expected future amortization for capitalized computer software costs developed for internal use	The expected future amortization expense for acquired intangible assets as of July 31, 2023 is as follows: Fiscal Period (In thousands) Expected Amortization Expense Remaining fiscal 2024 $ 24,737 Fiscal 2025 36,743 Fiscal 2026 19,858 Fiscal 2027 10,361 Total amortization expense $ 91,699

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	6 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Convertible Senior Notes	The net carrying amounts of each series of Notes as of July 31, 2023 were as follows: (In thousands) 2023 Notes 2025 Notes 2026 Notes 2027 Notes Principal amount $ 776,661 $ 862,500 $ 1,000,000 $ 1,265,000 Unamortized issuance costs (205) (2,834) (10,771) (10,965) Net carrying amount $ 776,456 $ 859,666 $ 989,229 $ 1,254,035
Schedule of Interest Expense	The following table sets forth the interest expense related to each series of Notes: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 2023 Notes: Coupon interest expense $ 971 $ 971 $ 1,942 $ 1,942 Amortization of debt issuance costs 424 638 801 966 Total interest expense related to the 2023 Notes $ 1,395 $ 1,609 $ 2,743 $ 2,908 2025 Notes: Coupon interest expense $ 2,426 $ 2,426 $ 4,852 $ 4,852 Amortization of debt issuance costs 349 642 603 866 Total interest expense related to the 2025 Notes $ 2,775 $ 3,068 $ 5,455 $ 5,718 2026 Notes: Coupon interest expense $ 1,875 $ 1,875 $ 3,750 $ 3,750 Amortization of debt issuance costs 917 1,417 1,737 1,944 Total interest expense related to the 2026 Notes $ 2,792 $ 3,292 $ 5,487 $ 5,694 2027 Notes: Coupon interest expense $ 3,558 $ 3,558 $ 7,116 $ 7,116 Amortization of debt issuance costs 723 1,274 1,300 1,708 Total interest expense related to the 2027 Notes $ 4,281 $ 4,832 $ 8,416 $ 8,824
Other Key Terms and Premiums Paid for Capped Calls	The following table sets forth other key terms and premiums paid for the Capped Calls related to the 2023 Notes, the 2025 Notes, and the 2027 Notes: Capped Calls Entered into in Connection with the Issuance of the 2023 and 2025 Notes Capped Calls Entered into in Connection with the Issuance of the 2027 Notes Initial strike price, subject to certain adjustments $ 148.30 $ 255.34 Cap price, subject to certain adjustments $ 232.62 $ 378.28 Total premium paid (in thousands) $ 274,275 $ 137,379

Stock Compensation Plans and _2

Stock Compensation Plans and Stockholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	The following table summarizes our PSU activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 386 $ 193.96 PSUs granted 438 $ 124.22 PSUs vested (138) $ 140.21 Outstanding as of July 31, 2023 686 $ 160.21 The following table summarizes our RSU activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 11,627 $ 128.11 RSUs granted 3,712 $ 92.72 RSUs vested (3,112) $ 134.73 RSUs forfeited and canceled (1,078) $ 128.64 Outstanding as of July 31, 2023 11,149 $ 114.44 The following table summarizes our RSA activity during the six months ended July 31, 2023: Shares Weighted-Average Grant-Date Fair Value Per Share Outstanding as of January 31, 2023 289 $ 86.15 RSAs vested (34) $ 135.14 Outstanding as of July 31, 2023 255 $ 79.58 The following table summarizes our stock option activity during the six months ended July 31, 2023: Shares Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in thousands) Outstanding as of January 31, 2023 108 $ 10.27 5.3 $ 9,276 Options exercised (22) $ 10.57 Options forfeited and expired — $ 29.81 Outstanding as of July 31, 2023 86 $ 10.09 4.8 $ 8,479 Vested and expected to vest 86 $ 10.09 4.8 $ 8,452 Exercisable as of July 31, 2023 80 $ 9.91 4.8 $ 7,838 _________________________ (1) The intrinsic value is calculated as the difference between the exercise price of the underlying stock option award and the closing market price of our common stock as of July 31, 2023.
Schedule of Unrecognized Compensation Costs	The following table presents unrecognized compensation cost and the related weighted-average recognition period for RSUs, PSUs, RSAs, and stock options as of July 31, 2023: Unrecognized Compensation Cost Weighted-Average Recognition Period RSUs $ 1,048,459 2.1 PSUs 61,557 1.7 RSAs 14,516 2.1 Stock options 634 1.3 Total unrecognized compensation cost $ 1,125,166

Revenues, Accounts Receivable_2

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations, Revenue from Contract with Customer (Tables)	6 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents disaggregated revenues by major product or service type: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 Revenues Cloud services $ 445,163 $ 346,405 $ 864,598 $ 669,334 License 295,439 281,716 466,869 467,527 Maintenance and services 169,983 170,632 330,626 335,973 Total revenues $ 910,585 $ 798,753 $ 1,662,093 $ 1,472,834
Revenue from External Customers by Geographic Areas	Revenues by geography are based on the shipping address of the customer. The following table presents our revenues by geographic region: Three Months Ended July 31, Six Months Ended July 31, (In thousands) 2023 2022 2023 2022 United States $ 590,198 $ 547,829 $ 1,078,512 $ 1,000,744 International 320,387 250,924 583,581 472,090 Total revenues $ 910,585 $ 798,753 $ 1,662,093 $ 1,472,834
Schedule of Revenue by Channel Partners	The following table presents revenues as a percentage of consolidated total revenues from customers representing 10% or more of total revenues: Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Channel Partner A 26 % 25 % 25 % 26 % Channel Partner B 18 % 15 % 16 % 14 %
Schedule Of Accounts Receivable by Channel Partners	The following table presents total current and non-current accounts receivable by channel partners representing 10% or more of total current and non-current accounts receivable, net: July 31, 2023 January 31, 2023 Channel Partner A 26 % 26 % Channel Partner B 12 % 6 %

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Schedule of computation of historical basic and diluted net loss per share	The following table sets forth the computation of historical basic and diluted net loss per share: Three Months Ended July 31, Six Months Ended July 31, (In thousands, except per share amounts) 2023 2022 2023 2022 Numerator: Net loss $ (63,248) $ (209,712) $ (259,668) $ (514,034) Denominator: Weighted-average common shares outstanding 166,716 161,912 166,002 161,220 Less: Weighted-average unvested common shares subject to repurchase or forfeiture (257) (125) (265) (150) Weighted-average shares used to compute net loss per share, basic and diluted 166,459 161,787 165,737 161,070 Net loss per share, basic and diluted $ (0.38) $ (1.30) $ (1.57) $ (3.19)
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive	Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: As of July 31, (In thousands) 2023 2022 Shares subject to outstanding common stock options 86 126 Shares subject to outstanding RSUs, PSUs and RSAs 12,090 13,473 Employee stock purchase plan 3,574 2,183 Shares underlying the conversion options of the Notes 22,258 22,258 Total 38,008 38,040

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	(In thousands) Workforce reduction Charges $ 27,697 Payments (18,931) Non-cash items (2,557) Liability as of July 31, 2023 $ 6,209 Restructuring charges for the six months ended July 31, 2023 are included in the condensed consolidated statements of operations, as follows: (In thousands) Cost of revenues $ 1,238 Research and development 14,853 Sales and marketing 3,164 General and administrative 8,442 Total $ 27,697

Description of the Business a_4

Description of the Business and Significant Accounting Policies Revenue Recognition (Details)	6 Months Ended
	Jul. 31, 2023 segment
Segments
Number of operating segments	1
Minimum
Revenue Recognition
Accounts receivable payment terms	45 days

Investments and Fair Value Me_3

Investments and Fair Value Measurements - Fair Value of Financial Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	$ 1,036,390	$ 1,376,053
U.S. Government and Agency Securities
Assets:
Cash and cash equivalents	6,998	59,706
Commercial Paper
Assets:
Cash and cash equivalents	103,866
Estimate of Fair Value Measurement | Recurring basis
Fair Value Measurements
Money market funds	781,543	316,943
Assets:
Cash and cash equivalents	892,407	376,649
Investments, current	925,526	1,316,347
Total	1,817,933	1,692,996
Estimate of Fair Value Measurement | Recurring basis | Level 1
Fair Value Measurements
Money market funds	781,543	316,943
Estimate of Fair Value Measurement | Recurring basis | Level 2
Fair Value Measurements
Money market funds	0	0
Estimate of Fair Value Measurement | Recurring basis | Level 3
Fair Value Measurements
Money market funds	0	0
U.S. Government and Agency Securities | Investments, Current
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	353,724	1,121,155
U.S. Government and Agency Securities | Estimate of Fair Value Measurement | Recurring basis
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	360,722	1,180,861
U.S. Government and Agency Securities | Estimate of Fair Value Measurement | Recurring basis | Level 1
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	0	0
U.S. Government and Agency Securities | Estimate of Fair Value Measurement | Recurring basis | Level 2
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	360,722	1,180,861
U.S. Government and Agency Securities | Estimate of Fair Value Measurement | Recurring basis | Level 3
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	0	0
Corporate Bonds | Investments, Current
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	38,935	53,833
Corporate Bonds | Estimate of Fair Value Measurement | Recurring basis
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	38,935	53,833
Corporate Bonds | Estimate of Fair Value Measurement | Recurring basis | Level 1
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	0	0
Corporate Bonds | Estimate of Fair Value Measurement | Recurring basis | Level 2
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	38,935	53,833
Corporate Bonds | Estimate of Fair Value Measurement | Recurring basis | Level 3
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	0	0
Commercial Paper | Investments, Current
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	532,867	141,359
Commercial Paper | Estimate of Fair Value Measurement | Recurring basis
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	636,733	141,359
Commercial Paper | Estimate of Fair Value Measurement | Recurring basis | Level 1
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	0	0
Commercial Paper | Estimate of Fair Value Measurement | Recurring basis | Level 2
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	636,733	141,359
Commercial Paper | Estimate of Fair Value Measurement | Recurring basis | Level 3
Fair Value Measurements
U.S. treasury securities, corporate bonds and commercial paper	$ 0	$ 0

Investments and Fair Value Me_4

Investments and Fair Value Measurements - Amortized Cost to Fair Value Reconciliation (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt Securities, Available-for-sale
Cash and cash equivalents, amortized cost	$ 1,523,462	$ 690,587
Investments, amortized cost	1,037,348	1,381,666
Investments, unrealized gains	2	3
Investments, unrealized losses	(960)	(5,616)
Investments, fair value	1,036,390	1,376,053
Investments, Current | U.S. Government and Agency Securities
Debt Securities, Available-for-sale
Investments, amortized cost	354,006	1,125,700
Investments, unrealized gains	0	1
Investments, unrealized losses	(282)	(4,546)
Investments, fair value	353,724	1,121,155
Investments, Current | Corporate Bonds
Debt Securities, Available-for-sale
Investments, amortized cost	38,995	54,173
Investments, unrealized gains	2	2
Investments, unrealized losses	(62)	(342)
Investments, fair value	38,935	53,833
Investments, Current | Commercial Paper
Debt Securities, Available-for-sale
Investments, amortized cost	533,461	142,061
Investments, unrealized gains	0	0
Investments, unrealized losses	(594)	(702)
Investments, fair value	532,867	141,359
Commercial Paper
Debt Securities, Available-for-sale
Cash and cash equivalents, amortized cost	103,888
Cash and cash equivalents, unrealized gains	0
Cash and cash equivalents, unrealized losses	(22)
Cash and cash equivalents, fair value	103,866
U.S. Government and Agency Securities
Debt Securities, Available-for-sale
Cash and cash equivalents, amortized cost	6,998	59,732
Cash and cash equivalents, unrealized gains	0	0
Cash and cash equivalents, unrealized losses	0	(26)
Cash and cash equivalents, fair value	$ 6,998	$ 59,706

Investments and Fair Value Me_5

Investments and Fair Value Measurements - Securities in Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Fair Value
Less than 12 Months	$ 1,019,490	$ 1,353,843
12 Months or Greater	7,407	9,846
Total	1,026,897	1,363,689
Unrealized Losses
Less than 12 Months	(948)	(5,560)
12 Months or Greater	(12)	(56)
Total	(960)	(5,616)
U.S. Government and Agency Securities
Fair Value
Less than 12 Months	355,851	1,162,226
12 Months or Greater	0	7,959
Total	355,851	1,170,185
Unrealized Losses
Less than 12 Months	(282)	(4,530)
12 Months or Greater	0	(42)
Total	(282)	(4,572)
Corporate Bonds
Fair Value
Less than 12 Months	26,906	50,258
12 Months or Greater	7,407	1,887
Total	34,313	52,145
Unrealized Losses
Less than 12 Months	(50)	(328)
12 Months or Greater	(12)	(14)
Total	(62)	(342)
Commercial Paper
Fair Value
Less than 12 Months	636,733	141,359
12 Months or Greater	0	0
Total	636,733	141,359
Unrealized Losses
Less than 12 Months	(616)	(702)
12 Months or Greater	0	0
Total	$ (616)	$ (702)

Investments and Fair Value Me_6

Investments and Fair Value Measurements - Contractual Maturities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Fair Value Disclosures [Abstract]
U.S. treasury securities, corporate bonds and commercial paper	$ 1,036,390	$ 1,376,053

Investments and Fair Value Me_7

Investments and Fair Value Measurements - Equity Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Investments, Debt and Equity Securities and Fair Value Disclosures [Abstract]
Equity investments without readily determinable fair values	$ 37,581	$ 37,994
Equity investments under the equity method of accounting	4,006	3,706
Total	$ 41,587	$ 41,700

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Jan. 30, 2023	Jul. 31, 2023
Loss Contingencies [Line Items]
Litigation settlement, amount awarded to other party	$ 30
Litigation settlement, expense	4.6
Insurance recoveries	$ 25.4
Accrued Liabilities
Loss Contingencies [Line Items]
Loss contingency, discounted amount of insurance-related assessment liability		$ 25.4

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Property, Plant and Equipment
Property and equipment, gross	$ 272,455	$ 304,044
Less: accumulated depreciation and amortization	(164,914)	(195,504)
Property and equipment, net	107,541	108,540
Computer equipment and software
Property, Plant and Equipment
Property and equipment, gross	75,792	82,248
Furniture and fixtures
Property, Plant and Equipment
Property and equipment, gross	25,693	27,076
Leasehold and building improvements
Property, Plant and Equipment
Property and equipment, gross	111,894	144,130
Capitalized software development costs
Property, Plant and Equipment
Property and equipment, gross	59,076	50,590
Leasehold improvements not in service
Property, Plant and Equipment
Property and equipment, gross	2,300	2,800
Software development costs under development
Property, Plant and Equipment
Property and equipment, gross	$ 11,200	$ 5,100

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense on Property and Equipment, net	$ 8.6	$ 10.6	$ 19.1	$ 19.9

Property and Equipment - Sche_2

Property and Equipment - Schedule of Property and Equipment by Location (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Property, Plant and Equipment
Long-lived assets	$ 285,646	$ 295,521
United States
Property, Plant and Equipment
Long-lived assets	240,842	251,150
United Kingdom
Property, Plant and Equipment
Long-lived assets	34,433	36,667
Other International
Property, Plant and Equipment
Long-lived assets	$ 10,371	$ 7,704

Acquisition, Goodwill and Int_3

Acquisition, Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Business Combinations [Abstract]
Impairments to goodwill			$ 0	$ 0
Amortization of intangible assets	$ 13,700,000	$ 14,000,000	$ 27,900,000	$ 28,100,000

Acquisition, Goodwill and Int_4

Acquisition, Goodwill and Intangible Assets - Identifiable Intangible Assets Acquired (Details)	6 Months Ended	12 Months Ended
	Jul. 31, 2023	Jan. 31, 2023
Developed technology
Business Acquisition
Acquired intangible assets, remaining useful life	32 months	36 months
Customer relationships
Business Acquisition
Acquired intangible assets, remaining useful life	13 months	18 months

Acquisition, Goodwill and Int_5

Acquisition, Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2023	Jan. 31, 2023
Finite-Lived Intangible Assets
Gross Fair Value	$ 276,769	$ 295,869
Accumulated Amortization	(185,070)	(176,281)
Total	91,699	119,588
Developed technology
Finite-Lived Intangible Assets
Gross Fair Value	204,969	204,969
Accumulated Amortization	(129,633)	(110,757)
Total	$ 75,336	$ 94,212
Acquired intangible assets, remaining useful life	32 months	36 months
Customer relationships
Finite-Lived Intangible Assets
Gross Fair Value	$ 71,800	$ 90,900
Accumulated Amortization	(55,437)	(65,524)
Total	$ 16,363	$ 25,376
Acquired intangible assets, remaining useful life	13 months	18 months

Acquisition, Goodwill and Int_6

Acquisition, Goodwill and Intangible Assets - Expected Future Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Business Combinations [Abstract]
Remaining fiscal 2024	$ 24,737
Fiscal 2025	36,743
Fiscal 2026	19,858
Fiscal 2027	10,361
Total	$ 91,699	$ 119,588

Convertible Senior Notes - Sche

Convertible Senior Notes - Schedule of Carrying Amount of the Liability and Equity (Details) - Convertible Senior Notes $ in Thousands	Jul. 31, 2023 USD ($)
2023 Notes
Debt Instrument, Convertible Debt, Liability Component [Abstract]
Principal amount	$ 776,661
Unamortized issuance costs	(205)
Net carrying amount	776,456
2025 Notes
Debt Instrument, Convertible Debt, Liability Component [Abstract]
Principal amount	862,500
Unamortized issuance costs	(2,834)
Net carrying amount	859,666
2026 Notes
Debt Instrument, Convertible Debt, Liability Component [Abstract]
Principal amount	1,000,000
Unamortized issuance costs	(10,771)
Net carrying amount	989,229
2027 Notes
Debt Instrument, Convertible Debt, Liability Component [Abstract]
Principal amount	1,265,000
Unamortized issuance costs	(10,965)
Net carrying amount	$ 1,254,035

Convertible Senior Notes - Narr

Convertible Senior Notes - Narrative (Details) $ / shares in Units, $ in Thousands				6 Months Ended
	Jul. 09, 2021 USD ($) $ / shares	Jun. 05, 2020 USD ($) $ / shares	Sep. 21, 2018 USD ($) $ / shares	Jul. 31, 2023 USD ($) trading_day
Convertible Senior Notes
Debt Instrument
Consecutive trading days threshold | trading_day				10
Measurement period, business days | trading_day				5
Percentage of stock trigger price for measurement period				98%
Convertible Senior Notes | Fiscal quarter commencing after the fiscal quarter ending on January 31, 2019
Debt Instrument
Trading days threshold | trading_day				20
Consecutive trading days threshold | trading_day				30
Percentage of stock trigger price				130%
Convertible Senior Notes 2023 | Level 2
Debt Instrument
Convertible senior notes, fair value				$ 770,000
Convertible Senior Notes 2025 | Level 2
Debt Instrument
Convertible senior notes, fair value				860,000
Convertible Senior Notes 2027 | Level 2
Debt Instrument
Convertible senior notes, fair value				1,090,000
Convertible Senior Notes 2026 | Level 3
Debt Instrument
Convertible senior notes, fair value				810,000
2023 Notes | Convertible Senior Notes
Debt Instrument
Long-term debt				776,456
Principal amount			$ 1,270,000
Stated interest rate			0.50%
Conversion ratio			0.0067433
Initial conversion price (in dollars per share) | $ / shares			$ 148.30
2025 Notes | Convertible Senior Notes
Debt Instrument
Long-term debt				859,666
Principal amount			$ 862,500
Stated interest rate			1.125%
Conversion ratio			0.0067433
Initial conversion price (in dollars per share) | $ / shares			$ 148.30
2023 Notes and 2025 Notes | Convertible Senior Notes
Debt Instrument
Proceeds from the issuance of convertible senior notes, net of issuance costs			$ 2,110,000
2027 Notes | Convertible Senior Notes
Debt Instrument
Long-term debt				1,254,035
Principal amount		$ 1,270,000
Stated interest rate		1.125%
Proceeds from the issuance of convertible senior notes, net of issuance costs		$ 1,250,000
Conversion ratio		0.0039164
Initial conversion price (in dollars per share) | $ / shares		$ 255.34
2026 Notes | Convertible Senior Notes
Debt Instrument
Long-term debt				$ 989,229
Principal amount	$ 1,000,000
Stated interest rate	0.75%
Proceeds from the issuance of convertible senior notes, net of issuance costs	$ 981,700
Conversion ratio	0.00625
Initial conversion price (in dollars per share) | $ / shares	$ 160
Trading days threshold | trading_day				20
Consecutive trading days threshold | trading_day				30
Percentage of stock trigger price				140%
Convertible senior notes repurchase price percentage				100%
2023, 2025, and 2027 Notes | Convertible Senior Notes
Debt Instrument
Trading days threshold | trading_day				20
Consecutive trading days threshold | trading_day				30
Percentage of stock trigger price				130%
Convertible senior notes repurchase price percentage				100%

Convertible Senior Notes - Sc_2

Convertible Senior Notes - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Debt Instrument
Amortization of debt issuance costs			$ 4,441	$ 5,484
Convertible Senior Notes | 2023 Notes
Debt Instrument
Coupon interest expense	$ 971	$ 971	1,942	1,942
Amortization of debt issuance costs	424	638	801	966
Total interest expense	1,395	1,609	2,743	2,908
Convertible Senior Notes | 2025 Notes
Debt Instrument
Coupon interest expense	2,426	2,426	4,852	4,852
Amortization of debt issuance costs	349	642	603	866
Total interest expense	2,775	3,068	5,455	5,718
Convertible Senior Notes | 2026 Notes
Debt Instrument
Coupon interest expense	1,875	1,875	3,750	3,750
Amortization of debt issuance costs	917	1,417	1,737	1,944
Total interest expense	2,792	3,292	5,487	5,694
Convertible Senior Notes | 2027 Notes
Debt Instrument
Coupon interest expense	3,558	3,558	7,116	7,116
Amortization of debt issuance costs	723	1,274	1,300	1,708
Total interest expense	$ 4,281	$ 4,832	$ 8,416	$ 8,824

Convertible Senior Notes - Othe

Convertible Senior Notes - Other Key Terms and Premiums Paid for Capped Calls (Details) - Capped Calls - USD ($) $ / shares in Units, $ in Thousands	Jun. 05, 2020	Sep. 21, 2018
2023 Notes and 2025 Notes
Option Indexed to Issuer's Equity [Line Items]
Initial strike price, subject to certain adjustments (in dollars per share)		$ 148.30
Cap price, subject to certain adjustments (in dollars per share)		$ 232.62
Total premium paid		$ 274,275
2027 Notes
Option Indexed to Issuer's Equity [Line Items]
Initial strike price, subject to certain adjustments (in dollars per share)	$ 255.34
Cap price, subject to certain adjustments (in dollars per share)	$ 378.28
Total premium paid	$ 137,379

Stock Compensation Plans and _3

Stock Compensation Plans and Stockholders' Equity - Schedule of Award Activity (Details)	6 Months Ended
	Jul. 31, 2023 $ / shares shares
PSUs
Number of Shares
Balances at the beginning of the period (in shares) | shares	386,000
Granted (in shares) | shares	438,000
Vested (in shares) | shares	(138,000)
Balances at the end of the period (in shares) | shares	686,000
Weighted-Average Grant-Date Fair Value Per Share
Balances at the beginning of the period (in dollars per share) | $ / shares	$ 193.96
Granted (in dollars per share) | $ / shares	124.22
Vested (in dollars per share) | $ / shares	140.21
Balances at the end of the period (in dollars per share) | $ / shares	$ 160.21
RSUs
Number of Shares
Balances at the beginning of the period (in shares) | shares	11,627,000
Granted (in shares) | shares	3,712,000
Vested (in shares) | shares	(3,112,000)
Forfeited and canceled (in shares) | shares	(1,078,000)
Balances at the end of the period (in shares) | shares	11,149,000
Weighted-Average Grant-Date Fair Value Per Share
Balances at the beginning of the period (in dollars per share) | $ / shares	$ 128.11
Granted (in dollars per share) | $ / shares	92.72
Vested (in dollars per share) | $ / shares	134.73
Forfeited and canceled (in dollars per share) | $ / shares	128.64
Balances at the end of the period (in dollars per share) | $ / shares	$ 114.44
RSAs
Number of Shares
Balances at the beginning of the period (in shares) | shares	289,000
Vested (in shares) | shares	(34,000)
Balances at the end of the period (in shares) | shares	255,000
Weighted-Average Grant-Date Fair Value Per Share
Balances at the beginning of the period (in dollars per share) | $ / shares	$ 86.15
Vested (in dollars per share) | $ / shares	135.14
Balances at the end of the period (in dollars per share) | $ / shares	$ 79.58

Stock Compensation Plans and _4

Stock Compensation Plans and Stockholders' Equity - Schedule of Option Activity (Details) - Options - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Shares
Outstanding at the beginning of the period (in shares)	108,000
Options exercised (in shares)	(22,000)
Options forfeited and expired (in shares)	0
Outstanding at the end of the period (in shares)	86,000
Vested and expected to vest at the end of the period (in shares)	86,000
Exercisable at the end of the period (in shares)	80,000
Weighted-Average Exercise Price Per Share
Balances at the beginning of the period (in dollars per share)	$ 10.27
Options exercised (in dollars per share)	10.57
Options forfeited and expired (in dollars per share)	29.81
Balances at the end of the period (in dollars per share)	10.09
Vested and expected to vest at the end of the period (in dollars per share)	10.09
Exercisable at the end of the period (in dollars per share)	$ 9.91
Weighted-Average Remaining Contractual Term
Weighted-Average Remaining Contractual Term (in years)	4 years 9 months 18 days	5 years 3 months 18 days
Vested and expected to vest at the end of the period	4 years 9 months 18 days
Vested and exercisable at the end of the period	4 years 9 months 18 days
Aggregate Intrinsic Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 9,276
Outstanding at the end of the period (in dollars)	8,479
Vested and expected to vest at the end of the period (in dollars)	8,452
Vested and exercisable at the end of the period (in dollars)	$ 7,838

Stock Compensation Plans and _5

Stock Compensation Plans and Stockholders' Equity - Narrative (Details) - PSUs	6 Months Ended
	Jul. 31, 2023
Minimum
Stock Compensation Plans
Award vesting rights	0%
Vesting period	3 years
Maximum
Stock Compensation Plans
Award vesting rights	200%
Vesting period	4 years

Stock Compensation Plans and _6

Stock Compensation Plans and Stockholders' Equity - Unrecognized Compensation Costs (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2023 USD ($)
Stock Compensation Plans
Total unrecognized compensation cost	$ 1,125,166
RSUs
Stock Compensation Plans
Total unrecognized compensation cost related to other awards	$ 1,048,459
Weighted-average period over which unrecognized compensation cost is expected to be recognized	2 years 1 month 6 days
PSUs
Stock Compensation Plans
Total unrecognized compensation cost related to other awards	$ 61,557
Weighted-average period over which unrecognized compensation cost is expected to be recognized	1 year 8 months 12 days
RSAs
Stock Compensation Plans
Total unrecognized compensation cost related to other awards	$ 14,516
Weighted-average period over which unrecognized compensation cost is expected to be recognized	2 years 1 month 6 days
Options
Stock Compensation Plans
Total unrecognized compensation cost related to stock options	$ 634
Weighted-average period over which unrecognized compensation cost is expected to be recognized	1 year 3 months 18 days

Revenues, Accounts Receivable_3

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Disaggregation of Revenue
Total revenues	$ 910,585	$ 798,753	$ 1,662,093	$ 1,472,834
Cloud services
Disaggregation of Revenue
Total revenues	445,163	346,405	864,598	669,334
License
Disaggregation of Revenue
Total revenues	295,439	281,716	466,869	467,527
Maintenance and services
Disaggregation of Revenue
Total revenues	$ 169,983	$ 170,632	$ 330,626	$ 335,973

Revenues, Accounts Receivable_4

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations - Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Concentration Risk
Revenues	$ 910,585	$ 798,753	$ 1,662,093	$ 1,472,834
United States
Concentration Risk
Revenues	590,198	547,829	1,078,512	1,000,744
International
Concentration Risk
Revenues	$ 320,387	$ 250,924	$ 583,581	$ 472,090

Revenues, Accounts Receivable_5

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations - Customer Concentration Risk (Details) - Customer concentration risk	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Revenues | Customer One
Concentration Risk
Concentration risk, percentage	26%	25%	25%	26%
Revenues | Customer Two
Concentration Risk
Concentration risk, percentage	18%	15%	16%	14%
Accounts receivable | Customer One
Concentration Risk
Concentration risk, percentage			26%		26%
Accounts receivable | Customer Two
Concentration Risk
Concentration risk, percentage			12%		6%

Revenues, Accounts Receivable_6

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations, Deferred Revenue - Deferred Revenue (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Recognition of deferred revenue from opening deferred balance	$ 900	$ 800

Revenues, Accounts Receivable_7

Revenues, Accounts Receivable, Deferred Revenue and Remaining Performance Obligations - Remaining Performance Obligation (Details) $ in Millions	Jul. 31, 2023 USD ($)
Disaggregation of Revenue
Revenue, Remaining Performance Obligation, Amount	$ 2,900
Revenue, Remaining Performance Obligation, Percentage	66%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-05-01
Disaggregation of Revenue
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 6,730	$ 7,943	$ 11,280	$ 11,297

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Numerator
Net loss	$ (63,248)	$ (209,712)	$ (259,668)	$ (514,034)
Denominator
Weighted-average common shares outstanding (in shares)	166,716	161,912	166,002	161,220
Less: Weighted-average unvested common shares subject to repurchase or forfeiture (in shares)	(257)	(125)	(265)	(150)
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	166,459	161,787	165,737	161,070
Net loss per share
Net loss per share, basic (in dollars per share)	$ (0.38)	$ (1.30)	$ (1.57)	$ (3.19)
Net loss per share, diluted (in dollars per share)	$ (0.38)	$ (1.30)	$ (1.57)	$ (3.19)

Net Loss Per Share - Potentiall

Net Loss Per Share - Potentially Dilutive Securities (Details) - shares shares in Thousands	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Potentially dilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	38,008	38,040
Shares subject to outstanding common stock options
Potentially dilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	86	126
Shares subject to outstanding RSUs, PSUs and RSAs
Potentially dilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	12,090	13,473
Employee stock purchase plan
Potentially dilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	3,574	2,183
Shares underlying the conversion options of the Notes
Potentially dilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	22,258	22,258

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 31, 2023	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Charges		$ 27,697
Restructuring reserve, period decrease	$ (1,400)

Restructuring - Restructuring R

Restructuring - Restructuring Reserve (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Charges	$ 27,697
Employee Severance
Restructuring Cost and Reserve [Line Items]
Charges	27,697
Payments	(18,931)
Non-cash items	(2,557)
Restructuring reserve	$ 6,209

Restructuring - Restructuring C

Restructuring - Restructuring Charges Included in the Condensed Consolidated Statements of Operations (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Charges	$ 27,697
Cost of revenues
Restructuring Cost and Reserve [Line Items]
Charges	1,238
Research and development
Restructuring Cost and Reserve [Line Items]
Charges	14,853
Sales and marketing
Restructuring Cost and Reserve [Line Items]
Charges	3,164
General and administrative
Restructuring Cost and Reserve [Line Items]
Charges	$ 8,442

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	1 Months Ended
	Aug. 31, 2023 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Operating Lease, Impairment Loss	$ 22