Smartsheet (SMAR) 10-Q 7 Sep 22 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jul. 31, 2022	Aug. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2022
Document Transition Report	false
Entity File Number	001-38464
Entity Registrant Name	Smartsheet Inc.
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	20-2954357
Entity Address, City or Town	Bellevue,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98004
City Area Code	(844)
Local Phone Number	324-2360
Title of 12(b) Security	Class A common stock, no par value per share
Trading Symbol	SMAR
Security Exchange Name	NYSE
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 (in shares)		130,600,188
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001366561
Current Fiscal Year End Date	--01-31
Entity Addresses [Line Items]
Entity Address, Address Line One	500 108th Ave NE, Suite 200
Entity Address, City or Town	Bellevue,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98004
Former Address
Cover [Abstract]
Entity Address, City or Town	Bellevue,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98004
Entity Addresses [Line Items]
Entity Address, Address Line One	10500 NE 8th Street, Suite 1300
Entity Address, City or Town	Bellevue,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98004

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenue
Total revenue	$ 186,691	$ 131,736	$ 355,001	$ 248,818
Cost of revenue
Total cost of revenue	40,551	27,466	77,709	54,038
Gross profit	146,140	104,270	277,292	194,780
Operating expenses
Research and development	53,784	39,079	106,303	75,553
Sales and marketing	124,015	77,120	239,406	148,499
General and administrative	33,200	31,621	66,244	52,639
Total operating expenses	210,999	147,820	411,953	276,691
Loss from operations	(64,859)	(43,550)	(134,661)	(81,911)
Interest income	1,281	12	1,669	23
Other income (expense), net	1,624	(564)	796	763
Loss before income tax provision	(61,954)	(44,102)	(132,196)	(81,125)
Income tax provision	359	66	574	115
Net loss	$ (62,313)	$ (44,168)	$ (132,770)	$ (81,240)
Net loss per share, basic (in dollars per share)	$ (0.48)	$ (0.35)	$ (1.03)	$ (0.65)
Net loss per share, diluted (in dollars per share)	$ (0.48)	$ (0.35)	$ (1.03)	$ (0.65)
Weighted-average shares outstanding used to compute net loss per share, basic (in shares)	129,645	125,210	129,091	124,669
Weighted-average shares outstanding used to compute net loss per share, diluted (in shares)	129,645	125,210	129,091	124,669
Subscription
Revenue
Total revenue	$ 173,533	$ 121,110	$ 328,809	$ 229,123
Cost of revenue
Total cost of revenue	27,722	18,339	52,860	36,902
Professional services
Revenue
Total revenue	13,158	10,626	26,192	19,695
Cost of revenue
Total cost of revenue	$ 12,829	$ 9,127	$ 24,849	$ 17,136

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (62,313)	$ (44,168)	$ (132,770)	$ (81,240)
Other comprehensive loss
Net unrealized losses on available-for-sale securities	(61)	0	(403)	0
Comprehensive loss	$ (62,374)	$ (44,168)	$ (133,173)	$ (81,240)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022
Current assets
Cash and cash equivalents	$ 227,370	$ 449,074
Short-term investments	228,294	0
Accounts receivable, net of allowances of $5,167 and $7,561, respectively	130,799	151,138
Prepaid expenses and other current assets	37,256	34,390
Total current assets	623,719	634,602
Restricted cash	17	17
Deferred commissions	100,738	91,312
Property and equipment, net	38,584	36,835
Operating lease right-of-use assets	63,619	67,171
Intangible assets, net	39,125	44,096
Goodwill	125,605	125,605
Other long-term assets	2,842	3,194
Total assets	994,249	1,002,832
Current liabilities
Accounts payable	3,522	1,506
Accrued compensation and related benefits	54,115	66,744
Other accrued liabilities	25,727	18,901
Operating lease liabilities, current	18,544	18,003
Deferred revenue	363,967	332,285
Total current liabilities	465,875	437,439
Operating lease liabilities, non-current	52,292	58,237
Deferred revenue, non-current	1,379	2,377
Total liabilities	519,546	498,053
Commitments and Contingencies (Note 12)
Shareholders’ equity
Preferred stock, no par value; 10,000,000 shares authorized, no shares issued or outstanding as of July 31, 2022 and January 31, 2022	0	0
Additional paid-in capital	1,150,410	1,047,313
Accumulated other comprehensive loss	(403)	0
Accumulated deficit	(675,304)	(542,534)
Total shareholders’ equity	474,703	504,779
Total liabilities and shareholders’ equity	994,249	1,002,832
Common Class A
Shareholders’ equity
Common stock	0	0
Common Class B
Shareholders’ equity
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022
Current assets
Accounts receivable, allowances	$ 5,167	$ 7,561
Shareholders’ equity
Preferred stock authorized (in shares)	10,000,000	10,000,000
Preferred stock issued (in shares)	0	0
Preferred stock outstanding (in shares)	0	0
Common Class A
Shareholders’ equity
Common stock authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	130,155,007	127,809,525
Common stock outstanding (in shares)	130,155,007	127,809,525
Common Class B
Shareholders’ equity
Common stock authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Change in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock (Class A)	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Beginning balance, common stock (in shares) at Jan. 31, 2021		123,272,902
Beginning balance at Jan. 31, 2021	$ 526,929	$ 0	$ 898,366	$ (371,437)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans (in shares)		2,349,195
Issuance of common stock under employee stock plans	15,770		15,770
Taxes paid related to net share settlement of equity awards	(3,467)		(3,467)
Share-based compensation expense	53,156		53,156
Comprehensive loss	0
Net loss	(81,240)			(81,240)
Ending balance, common stock (in shares) at Jul. 31, 2021		125,622,097
Ending balance at Jul. 31, 2021	511,148	$ 0	963,825	(452,677)	0
Beginning balance, common stock (in shares) at Apr. 30, 2021		124,610,729
Beginning balance at Apr. 30, 2021	523,510	$ 0	932,019	(408,509)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans (in shares)		1,011,368
Issuance of common stock under employee stock plans	3,455		3,455
Taxes paid related to net share settlement of equity awards	(704)		(704)
Share-based compensation expense	29,055		29,055
Comprehensive loss	0
Net loss	(44,168)			(44,168)
Ending balance, common stock (in shares) at Jul. 31, 2021		125,622,097
Ending balance at Jul. 31, 2021	511,148	$ 0	963,825	(452,677)	0
Beginning balance, common stock (in shares) at Jan. 31, 2022		127,809,525
Beginning balance at Jan. 31, 2022	504,779	$ 0	1,047,313	(542,534)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans (in shares)		2,345,482
Issuance of common stock under employee stock plans	14,476		14,476
Taxes paid related to net share settlement of equity awards	(2,513)		(2,513)
Share-based compensation expense	91,134		91,134
Comprehensive loss	(403)				(403)
Net loss	(132,770)			(132,770)
Ending balance, common stock (in shares) at Jul. 31, 2022		130,155,007
Ending balance at Jul. 31, 2022	474,703	$ 0	1,150,410	(675,304)	(403)
Beginning balance, common stock (in shares) at Apr. 30, 2022		128,867,149
Beginning balance at Apr. 30, 2022	480,976	$ 0	1,094,309	(612,991)	(342)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock plans (in shares)		1,287,858
Issuance of common stock under employee stock plans	10,762		10,762
Taxes paid related to net share settlement of equity awards	(1,147)		(1,147)
Share-based compensation expense	46,486		46,486
Comprehensive loss	(61)				(61)
Net loss	(62,313)			(62,313)
Ending balance, common stock (in shares) at Jul. 31, 2022		130,155,007
Ending balance at Jul. 31, 2022	$ 474,703	$ 0	$ 1,150,410	$ (675,304)	$ (403)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities
Net loss	$ (132,770)	$ (81,240)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation expense	89,388	52,193
Depreciation and amortization	12,239	9,827
Amortization of deferred commission costs	27,567	19,734
Net amortization of premium or discount on investments	(402)	0
Unrealized foreign currency (gain) loss	423	222
Non-cash operating lease costs	7,905	7,396
Other	(1,587)	0
Changes in operating assets and liabilities:
Accounts receivable	20,357	11,522
Prepaid expenses and other current assets	(3,804)	(11,586)
Other long-term assets	(131)	64
Accounts payable	2,002	(974)
Other accrued liabilities	6,965	1,282
Accrued compensation and related benefits	(8,773)	3,267
Deferred commissions	(36,994)	(33,298)
Deferred revenue	30,653	26,828
Operating lease liabilities	(7,870)	(6,436)
Net cash provided by (used in) operating activities	5,168	(1,199)
Cash flows from investing activities
Purchases of short-term investments	(297,844)	0
Maturities of short-term investments	69,548	0
Purchases of property and equipment	(3,007)	(6,975)
Proceeds from sale of property and equipment	94	0
Proceeds from liquidation of an investment	622	0
Capitalized internal-use software development costs	(4,121)	(3,556)
Net cash used in investing activities	(234,708)	(10,531)
Cash flows from financing activities
Proceeds from exercise of stock options	3,649	7,085
Taxes paid related to net share settlement of equity awards	(2,513)	(3,467)
Proceeds from Employee Stock Purchase Plan	7,836	9,191
Net cash provided by financing activities	8,972	12,809
Effects of changes in foreign currency exchange rates on cash, cash equivalents, and restricted cash	(1,225)	(185)
Change in cash, cash equivalents, and restricted cash	(221,793)	894
Cash, cash equivalents, and restricted cash at beginning of period	449,680	442,348
Cash, cash equivalents, and restricted cash at end of period	227,887	443,242
Supplemental disclosures
Cash paid for income taxes	191	118
Right-of-use assets obtained in exchange for operating lease liabilities	4,464	0
Right-of-use asset reductions related to operating lease terminations	110	0
Accrued purchases of property and equipment (including internal-use software)	939	1,285
Share-based compensation expense capitalized in internal-use software development costs	$ 1,747	$ 963

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jul. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview and Basis of Presentation	Overview and Basis of Presentation Description of business Smartsheet Inc. (the “Company,” “we,” “our”) was incorporated in the State of Washington in 2005, and is headquartered in Bellevue, Washington. The Company is the enterprise platform for dynamic work, enabling teams and organizations of all sizes to plan, capture, manage, automate, and report on work at scale, resulting in more efficient processes and better business outcomes. Customers access their accounts via a web-based interface or a mobile application. Some customers also purchase the Company’s professional services, which primarily consist of consulting and training services. Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated balance sheet as of January 31, 2022 was derived from the audited consolidated financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. 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 condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on March 25, 2022. The condensed consolidated financial statements include the results of Smartsheet Inc. and its wholly owned subsidiaries, which are located in the United States, the United Kingdom, Germany, Australia, and Costa Rica. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, the information contained herein reflects all adjustments necessary for a fair presentation of our condensed consolidated financial statements. All such adjustments are of a normal, recurring nature. The results of operations for the three and six months ended July 31, 2022 are not necessarily indicative of results to be expected for the full year ending January 31, 2023, or for any other interim period, or for any future year. Use of estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. Actual results could differ from those estimates. The Company’s most significant estimates and judgments involve revenue recognition with respect to the allocation of transaction consideration for the Company’s offerings; determination of the amortization period for capitalized sales commission costs; and the measurement of fair values of share-based compensation award grants, among others.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Segment information The Company operates as one operating segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information for purposes of making operating decisions, assessing financial performance, and allocating resources. Cash and cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less from date of purchase to be cash equivalents. Cash and cash equivalents are recorded at cost, which approximates fair value. Interest earned on cash and cash equivalents is recorded in interest income in the condensed consolidated statements of operations. Restricted cash Restricted cash was $0.5 million and $0.6 million as of July 31, 2022 and January 31, 2022, respectively, primarily related to Australian employee contributions to our 2018 Employee Stock Purchase Plan. Cash as reported on the condensed consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and restricted cash as shown on the condensed consolidated balance sheets. Cash as reported on the condensed consolidated statements of cash flows consisted of the following (in thousands): July 31, 2022 2021 Cash and cash equivalents $ 227,370 $ 442,801 Restricted cash included in prepaid expenses and other current assets 500 423 Restricted cash 17 18 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 227,887 $ 443,242 Short-term investments The Company’s short-term investments primarily consist of U.S. Treasury securities, corporate bonds, and commercial paper that have original maturities greater than three months at the time of purchase. These investments are classified as available-for-sale securities and we reevaluate such classification as of each balance sheet date. We consider all investments as available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets in our condensed consolidated balance sheets. Available-for-sale securities are recorded at fair value each reporting period. For unrealized losses in securities that the Company intends to hold and will not be more likely than not required to sell before recovery, the Company further evaluates whether declines in fair value below amortized cost are due to credit or non-credit related factors. The Company considers credit related impairments to be changes in value that are driven by a change in the creditor’s ability to meet its payment obligations, and records an allowance and recognizes a corresponding loss in other income (expense), net in the condensed consolidated statements of operations when the impairment is incurred. Unrealized non-credit related losses and unrealized gains are reported as a separate component of accumulated other comprehensive loss in the condensed consolidated balance sheets until realized. Realized gains and losses are determined based on the specific identification method and are reported in other income (expense), net in the condensed consolidated statements of operations. Internal-use software development costs The Company capitalizes certain qualifying costs incurred during the application development stage in connection with the development of internal-use software. Costs related to preliminary project activities and post-implementation activities are expensed in research and development (“R&D”) as incurred. R&D expenses consist primarily of employee-related costs, software-related costs, allocated overhead, and costs of outside services used to supplement our internal staff. Internal-use software costs of $3.1 million and $2.4 million were capitalized in the three months ended July 31, 2022 and 2021, respectively. All capitalized costs related to costs incurred during the application development stage of software development for the Company’s platform to which subscriptions are sold. Internal-use software costs of $5.7 million and $4.2 million were capitalized in the six months ended July 31, 2022 and 2021, respectively. All capitalized costs related to costs incurred during the application development stage of software development for the Company’s platform to which subscriptions are sold. Capitalized internal-use software costs are included within property and equipment, net on the condensed consolidated balance sheets, and are amortized over the estimated useful life of the software, which is typically three years. The related amortization expense is recognized in the condensed consolidated statements of operations within the function that receives the benefit of the developed software. Amortization expense of capitalized internal-use software costs totaled $2.0 million and $1.3 million for the three months ended July 31, 2022 and 2021, respectively, and $3.9 million and $2.4 million for the six months ended July 31, 2022 and 2021, respectively. Concentrations of risk and significant customers Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash, cash equivalents, short-term investments, and accounts receivable. The Company maintains its cash accounts with financial institutions where deposits, at times, exceed the Federal Deposit Insurance Corporation (“FDIC”) limits. No individual customer represented more than 10% of accounts receivable as of July 31, 2022 or January 31, 2022. No individual customer represented more than 10% of revenue for the three and six months ended July 31, 2022 or 2021. Recent accounting pronouncements not yet adopted In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update 2021-08, Business Combinations-Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805) . The new guidance requires contract assets and contract liabilities acquired in a business combination to be recognized in accordance with Accounting Standards Codification (“ASC”) Topic 606 as if the acquirer had originated the contracts. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect adoption of this standard to have a material effect on the Company’s condensed consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers During the three months ended July 31, 2022 and 2021, the Company recognized $144.7 million and $99.1 million of subscription revenue, respectively, and $4.2 million and $4.2 million of professional services revenue, respectively, which were included in the deferred revenue balance as of April 30, 2022 and 2021, respectively. During the six months ended July 31, 2022 and 2021, the Company recognized $230.8 million and $152.8 million of subscription revenue, respectively, and $4.2 million and $4.2 million of professional services revenue, respectively, which were included in the deferred revenue balance as of January 31, 2022 and 2021, respectively. As of July 31, 2022, approximately $415.5 million of revenue, including amounts already invoiced and amounts contracted but not yet invoiced, was expected to be recognized from remaining performance obligations, of which $408.0 million related to subscription services and $7.5 million related to professional services. Approximately 93% of revenue related to total remaining performance obligations is expected to be recognized in the next 12 months.

Deferred Commissions

Deferred Commissions	6 Months Ended
	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred Commissions	Revenue from Contracts with Customers During the three months ended July 31, 2022 and 2021, the Company recognized $144.7 million and $99.1 million of subscription revenue, respectively, and $4.2 million and $4.2 million of professional services revenue, respectively, which were included in the deferred revenue balance as of April 30, 2022 and 2021, respectively. During the six months ended July 31, 2022 and 2021, the Company recognized $230.8 million and $152.8 million of subscription revenue, respectively, and $4.2 million and $4.2 million of professional services revenue, respectively, which were included in the deferred revenue balance as of January 31, 2022 and 2021, respectively. As of July 31, 2022, approximately $415.5 million of revenue, including amounts already invoiced and amounts contracted but not yet invoiced, was expected to be recognized from remaining performance obligations, of which $408.0 million related to subscription services and $7.5 million related to professional services. Approximately 93% of revenue related to total remaining performance obligations is expected to be recognized in the next 12 months.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The following table presents calculations for basic and diluted net loss per share (in thousands, except per share data): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Numerator: Net loss $ (62,313) $ (44,168) $ (132,770) $ (81,240) Denominator: Weighted-average common shares outstanding 129,645 125,210 129,091 124,669 Net loss per share, basic and diluted $ (0.48) $ (0.35) $ (1.03) $ (0.65) The following outstanding shares of common stock equivalents as of the periods presented were excluded from the computation of diluted net loss per share attributable to common shareholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands): July 31, 2022 2021 Shares subject to outstanding common stock awards 11,799 11,315 Shares issuable pursuant to the 2018 Employee Stock Purchase Plan 53 143 Total potentially dilutive shares 11,852 11,458

Investments

Investments	6 Months Ended
	Jul. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	Investments All cash equivalents and short-term investments were designated as available-for-sale securities as of July 31, 2022. The following table presents the amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and short-term investments as of July 31, 2022 (in thousands): July 31, 2022 Amortized Cost* Unrealized Gains Unrealized Losses Estimated Fair Value Cash equivalents: Money market funds $ 150,350 $ — $ — $ 150,350 Total cash equivalents 150,350 — — 150,350 Short-term investments: Corporate bonds 69,100 36 (249) 68,887 U.S. Treasury securities 73,428 — (190) 73,238 Commercial paper 86,169 — — 86,169 Total short-term investments 228,697 36 (439) 228,294 Total $ 379,047 $ 36 $ (439) $ 378,644 *Excludes interest receivable of $0.6 million, which is included in prepaid expenses and other current assets on the condensed consolidated balance sheets. We do not intend to sell, nor is it more likely than not that we will be required to sell, any investments in unrealized loss positions before recovery of their amortized cost basis. We did not recognize any credit losses related to our investments during the three and six months ended July 31, 2022. The unrealized losses on our short-term investments were primarily due to unfavorable changes in interest rates subsequent to initial purchase. None of the short-term investments held as of July 31, 2022 were in a continuous unrealized loss position for greater than 12 months. There were no realized gains or losses during the three and six months ended July 31, 2022. The following table presents the contractual maturities of the Company’s short-term investments as of July 31, 2022 (in thousands): July 31, 2022 Amortized Cost Estimated Fair Value Due within one year $ 201,120 $ 200,764 Due between one to five years 27,577 27,530 Total $ 228,697 $ 228,294

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements 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. The lowest level of significant input determines the placement of the fair value measurement within the following hierarchical levels: • Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. • 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. Assets and liabilities measured at fair value on a recurring basis The following tables present information about the Company’s financial assets and liabilities that are measured at fair value and indicate the fair value hierarchy of the valuation inputs used (in thousands): July 31, 2022 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 150,350 $ — $ — $ 150,350 Total cash equivalents 150,350 — — 150,350 Short-term investments: Corporate bonds — 68,887 — 68,887 U.S. Treasury securities — 73,238 — 73,238 Commercial paper — 86,169 — 86,169 Total short-term investments — 228,294 — 228,294 Total assets $ 150,350 $ 228,294 $ — $ 378,644 January 31, 2022 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 378,294 $ — $ — $ 378,294 Total assets $ 378,294 $ — $ — $ 378,294 The carrying amounts of certain financial instruments, including cash held in banks, accounts receivable, and accounts payable, approximate fair value due to their short-term maturities and are excluded from the fair value tables above. It is the Company’s policy to recognize transfers of assets and liabilities between levels of the fair value hierarchy at the end of a reporting period. The Company does not transfer out of Level 3 and into Level 2 until observable inputs become available and reliable. There were no transfers between fair value measurement levels during the three and six months ended July 31, 2022 and 2021. Assets and liabilities measured at fair value on a non-recurring basis See Note 8, Goodwill and Net Intangible Assets , of these notes to our condensed consolidated financial statements for fair value measurements of certain assets and liabilities recorded at fair value on a non-recurring basis.

Goodwill and Net Intangible Ass

Goodwill and Net Intangible Assets	6 Months Ended
	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Net Intangible Assets	Goodwill and Net Intangible Assets There were no changes in the carrying amount of goodwill or measurement period adjustments during the six months ended July 31, 2022. The following table presents the components of net intangible assets (in thousands): July 31, 2022 January 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired software technology $ 25,400 $ (11,735) $ 13,665 $ 25,400 $ (9,195) $ 16,205 Acquired customer relationships 32,150 (9,939) 22,211 32,150 (7,735) 24,415 Trade names 4,100 (935) 3,165 4,100 (711) 3,389 Patents 170 (130) 40 170 (127) 43 Domain name 44 — 44 44 — 44 Total $ 61,864 $ (22,739) $ 39,125 $ 61,864 $ (17,768) $ 44,096 The components of acquired intangible assets as of the periods presented were as follows (dollars in thousands): July 31, 2022 January 31, 2022 Net Carrying Amount Weighted Average Life (Years) Net Carrying Amount Weighted Average Life (Years) Acquired software technology $ 13,665 2.8 $ 16,205 3.3 Acquired customer relationships 22,211 5.0 24,415 5.5 Trade names 3,165 7.1 3,389 7.6 Total $ 39,041 4.4 $ 44,009 4.9 Amortization expense related to intangible assets was $2.5 million in each of the three months ended July 31, 2022 and 2021, and $5.0 million in each of the six months ended July 31, 2022 and 2021. As of July 31, 2022, estimated remaining amortization expense for the finite-lived intangible assets by fiscal year is as follows (in thousands): Remainder of Fiscal 2023 $ 4,971 Fiscal 2024 9,942 Fiscal 2025 8,740 Fiscal 2026 7,023 Fiscal 2027 4,858 Thereafter 3,547 Total $ 39,081

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation The Company has issued incentive and non-qualifying stock options to employees and non-employee directors under the 2005 Stock Option/Restricted Stock Plan, the 2015 Equity Incentive Plan (the “2015 Plan”), and the 2018 Equity Incentive Plan (the “2018 Plan”). The Company has also issued restricted stock units (“RSUs”) to employees and non-employee directors pursuant to the 2015 Plan and the 2018 Plan. The Company has issued restricted stock awards (“RSAs”) to certain Brandfolder employees subject to vesting conditions. These shares were issued in a private placement transaction. As vesting of these RSAs is dependent on continuous employment, these were not considered part of the purchase price in accounting for the September 2020 acquisition. Employee stock options are granted with exercise prices at the fair value of the underlying common stock on the grant date, in general vest based on continuous employment over four years, and expire 10 years from the date of grant. Employee RSUs are measured based on the grant date fair value of the awards and in general vest based on continuous employment over three Stock options The following table includes a summary of the option activity during the six months ended July 31, 2022: Options Outstanding Weighted-Average Exercise Price Outstanding at January 31, 2022 4,573,482 $ 20.87 Granted 3,744 52.72 Exercised (541,941) 11.30 Forfeited or canceled (96,125) 45.35 Outstanding at July 31, 2022 3,939,160 21.62 Exercisable at July 31, 2022 3,191,965 12.33 Restricted stock units The following table includes a summary of the RSU activity during the six months ended July 31, 2022: Number of Shares Underlying Outstanding RSUs Weighted-Average Grant-Date Fair Value per RSU Outstanding at January 31, 2022 7,281,232 $ 60.95 Granted 2,770,073 45.49 Vested (1,532,721) 55.68 Forfeited or canceled (659,115) 58.62 Outstanding at July 31, 2022 7,859,469 56.74 Restricted stock awards The following table includes a summary of the RSA activity during the six months ended July 31, 2022: Number of Shares Weighted-Average Grant-Date Fair Value per Share Outstanding at January 31, 2022 56,288 $ 46.93 Granted — — Vested — — Forfeited or canceled — — Outstanding at July 31, 2022 56,288 46.93 2018 Employee Stock Purchase Plan In April 2018, we adopted our 2018 Employee Stock Purchase Plan (“ESPP”). The ESPP became effective on April 26, 2018, with the effective date of our initial public offering. Under our ESPP, eligible employees are able to acquire shares of our Class A common stock by accumulating funds through payroll deductions of up to 15% of their compensation, subject to plan limitations. Purchases are accomplished through participation in discrete offering periods. Each offering period is six months (commencing each January 1 and July 1) and consists of one six-month purchase period, unless otherwise determined by our board of directors or our compensation committee. The purchase price for shares of our common stock purchased under our ESPP is 85% of the lesser of the fair market value of our common stock on (i) the first trading day of the applicable offering period or (ii) the last trading day of the purchase period in the applicable offering period. Shares available for issuance The following table includes a summary of the activity during the six months ended July 31, 2022 of our shares available for issuance under our 2018 Plan and our ESPP: 2018 Plan 2018 ESPP Balance at January 31, 2022 15,067,025 4,040,430 Authorized 6,390,477 1,278,096 Granted (2,773,817) (318,365) Forfeited or canceled 755,240 — Balance at July 31, 2022 19,438,925 5,000,161 The aggregate number of shares reserved for issuance under our ESPP will increase automatically on February 1 of each of the first 10 calendar years after the first offering date under the ESPP by the number of shares equal to 1% of the total outstanding shares of our Class A common stock and Class B common stock as of the immediately preceding January 31 (rounded to the nearest whole share) or such lesser number of shares as may be determined by our board of directors in any particular year. The aggregate number of shares issued over the term of our ESPP, subject to stock-splits, recapitalizations or similar events, may not exceed 20,400,000 shares of our Class A common stock. As of July 31, 2022, $1.4 million has been withheld on behalf of our employees for a future purchase under the ESPP and is recorded in accrued compensation and related benefits in the condensed consolidated balance sheets. Share-based compensation expense Share-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Cost of subscription revenue $ 2,849 $ 1,602 $ 5,460 $ 3,097 Cost of professional services revenue 1,756 941 3,233 1,614 Research and development 15,974 10,024 31,589 18,331 Sales and marketing 16,707 10,315 31,452 18,971 General and administrative 8,202 5,751 17,654 10,479 Total share-based compensation expense $ 45,488 $ 28,633 $ 89,388 $ 52,492 We have excluded $1.0 million and $0.6 million of capitalized software development costs from share-based compensation expense in the three months ended July 31, 2022 and 2021, respectively and $1.7 million and $1 million for the six months ended July 31, 2022 and 2021, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for interim tax periods is generally determined using an estimate of the Company’s annual effective tax rate, excluding jurisdictions for which no tax benefit can be recognized due to valuation allowances, and adjusted for discrete tax items in the period. Each quarter the Company updates its estimate of the annual effective tax rate and makes a cumulative adjustment if the estimated annual tax rate has changed. The Company’s effective tax rate generally differs from the U.S. federal statutory tax rate primarily due to a valuation allowance related to the Company’s U.S. federal, state, and certain foreign deferred tax assets. The Company recorded a provision for income taxes of $0.4 million and $0.1 million for the three months ended July 31, 2022 and 2021, respectively, and $0.6 million and $0.1 million for the six months ended July 31, 2022 and 2021, respectively. Our provision is primarily attributable to income taxes in foreign jurisdictions and state income taxes. On August 16, 2022, the Inflation Reduction Act (the “IRA”) was signed into law. The IRA contains a number of tax related provisions including a 15% minimum corporate income tax on certain large corporations as well as an excise tax on stock repurchases. The Company is in the process of evaluating the IRA, but does not expect it to have a material impact on the Company’s consolidated financial statements.

Leases

Leases	6 Months Ended
	Jul. 31, 2022
Leases [Abstract]
Leases	Leases The Company has operating leases primarily related to corporate offices and certain equipment. Our leases have remaining lease terms of less than 1 year to 7 years, some of which include options to extend the leases for up to 5 years. The components of lease expense recorded in the condensed consolidated statements of operations were as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Operating lease cost $ 4,887 $ 4,666 $ 9,766 $ 9,198 Short-term lease cost 127 7 256 350 Variable lease cost 792 756 1,359 1,344 Total lease costs $ 5,806 $ 5,429 $ 11,381 $ 10,892 Other information related to operating leases was as follows (dollars in thousands): Six Months Ended July 31, 2022 2021 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities* $ 9,729 $ 8,583 Right-of-use assets obtained in exchange for operating lease obligations 4,464 — Right-of-use asset reductions related to operating lease terminations 110 — Other supplemental information: Weighted-average remaining lease term (in years) 4.8 5.8 Weighted-average discount rate 4.9 % 5.1 % * Includes cash paid for lease liability accretion of $1.8 million and $2.1 million for the six months ended July 31, 2022 and 2021, respectively. As of July 31, 2022, remaining maturities of lease liabilities were as follows (in thousands): Operating Leases Remainder of Fiscal 2023 $ 9,409 Fiscal 2024 19,181 Fiscal 2025 15,783 Fiscal 2026 13,281 Fiscal 2027 9,974 Thereafter 11,452 Total lease payments 79,080 Less: imputed interest (8,244) Total $ 70,836

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal matters An indemnification claim was made against the Company by a former director, Ryan Hinkle, and Insight Venture Partners VII, L.P. and certain affiliated entities that are former shareholders of the Company (together with Hinkle, the “IVP Parties”), relating to a purported class action litigation in which the IVP Parties are defendants. On January 29, 2021, the IVP Parties filed a complaint against the Company in the Superior Court of Washington, King County, for the advancement of legal fees, costs, and expenses incurred in defending the purported class action claim. In December 2021, we paid $10.0 million as part of an overall settlement of these matters. We do not expect any additional losses related to this case that would have a material impact on our financial position, results of operations, or cash flows.

Geographic Information

Geographic Information	6 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Geographic Information	Geographic Information Revenue Revenue by geographic location is determined by the location of the Company’s customers. The following table sets forth revenue by geographic area (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 United States $ 155,912 $ 108,149 $ 295,606 $ 204,552 EMEA 16,180 12,563 31,465 23,624 Asia Pacific 7,032 5,188 13,566 9,642 Americas other than the United States 7,567 5,836 14,364 11,000 Total $ 186,691 $ 131,736 $ 355,001 $ 248,818 No individual country other than the United States contributed more than 10% of total revenue during any of the periods presented. Long-lived assets Long-lived assets by geographic location is based on the location of the legal entity that owns the asset. The following table sets forth long-lived assets by geographic area (in thousands): July 31, 2022 January 31, 2022 United States $ 73,433 $ 79,278 EMEA 6,771 3,828 Asia Pacific 319 1,153 Americas other than the United States 106 28 Total $ 80,629 $ 84,287

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn August 26, 2022, the Company entered into an Agreement and Plan of Merger to acquire 100% of the outstanding equity of On Brand Holdings, Inc. and its subsidiaries, collectively doing business as Outfit. The total purchase consideration for the acquisition of Outfit is estimated to be approximately $20.6 million, net of customary purchase price adjustments. The acquisition closed on September 1, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”), and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated balance sheet as of January 31, 2022 was derived from the audited consolidated financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. 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 condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on March 25, 2022. The condensed consolidated financial statements include the results of Smartsheet Inc. and its wholly owned subsidiaries, which are located in the United States, the United Kingdom, Germany, Australia, and Costa Rica. All intercompany balances and transactions have been eliminated upon consolidation. In the opinion of management, the information contained herein reflects all adjustments necessary for a fair presentation of our condensed consolidated financial statements. All such adjustments are of a normal, recurring nature. The results of operations for the three and six months ended July 31, 2022 are not necessarily indicative of results to be expected for the full year ending January 31, 2023, or for any other interim period, or for any future year.
Use of estimates	Use of estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. Actual results could differ from those estimates. The Company’s most significant estimates and judgments involve revenue recognition with respect to the allocation of transaction consideration for the Company’s offerings; determination of the amortization period for capitalized sales commission costs; and the measurement of fair values of share-based compensation award grants, among others.
Segment information	Segment information The Company operates as one operating segment. The Company’s chief operating decision maker is its Chief Executive Officer, who reviews financial information for purposes of making operating decisions, assessing financial performance, and allocating resources.
Cash and cash equivalents	Cash and cash equivalentsThe Company considers all highly liquid investments with an original maturity of three months or less from date of purchase to be cash equivalents. Cash and cash equivalents are recorded at cost, which approximates fair value. Interest earned on cash and cash equivalents is recorded in interest income in the condensed consolidated statements of operations.
Restricted cash	Restricted cash Restricted cash was $0.5 million and $0.6 million as of July 31, 2022 and January 31, 2022, respectively, primarily related to Australian employee contributions to our 2018 Employee Stock Purchase Plan.
Investments	Short-term investments The Company’s short-term investments primarily consist of U.S. Treasury securities, corporate bonds, and commercial paper that have original maturities greater than three months at the time of purchase. These investments are classified as available-for-sale securities and we reevaluate such classification as of each balance sheet date. We consider all investments as available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets in our condensed consolidated balance sheets.
Internal-use software development costs	Internal-use software development costs The Company capitalizes certain qualifying costs incurred during the application development stage in connection with the development of internal-use software. Costs related to preliminary project activities and post-implementation activities are expensed in research and development (“R&D”) as incurred. R&D expenses consist primarily of employee-related costs, software-related costs, allocated overhead, and costs of outside services used to supplement our internal staff. Internal-use software costs of $3.1 million and $2.4 million were capitalized in the three months ended July 31, 2022 and 2021, respectively. All capitalized costs related to costs incurred during the application development stage of software development for the Company’s platform to which subscriptions are sold.
Concentrations of risk and significant customers	Concentrations of risk and significant customers Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash, cash equivalents, short-term investments, and accounts receivable. The Company maintains its cash accounts with financial institutions where deposits, at times, exceed the Federal Deposit Insurance Corporation (“FDIC”) limits.
Recent accounting pronouncements not yet adopted	Recent accounting pronouncements not yet adopted In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update 2021-08, Business Combinations-Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805) . The new guidance requires contract assets and contract liabilities acquired in a business combination to be recognized in accordance with Accounting Standards Codification (“ASC”) Topic 606 as if the acquirer had originated the contracts. The standard is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. The Company does not expect adoption of this standard to have a material effect on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	Cash as reported on the condensed consolidated statements of cash flows consisted of the following (in thousands): July 31, 2022 2021 Cash and cash equivalents $ 227,370 $ 442,801 Restricted cash included in prepaid expenses and other current assets 500 423 Restricted cash 17 18 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 227,887 $ 443,242
Schedule of Restricted Cash and Cash Equivalents	Cash as reported on the condensed consolidated statements of cash flows consisted of the following (in thousands): July 31, 2022 2021 Cash and cash equivalents $ 227,370 $ 442,801 Restricted cash included in prepaid expenses and other current assets 500 423 Restricted cash 17 18 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows $ 227,887 $ 443,242

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents calculations for basic and diluted net loss per share (in thousands, except per share data): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Numerator: Net loss $ (62,313) $ (44,168) $ (132,770) $ (81,240) Denominator: Weighted-average common shares outstanding 129,645 125,210 129,091 124,669 Net loss per share, basic and diluted $ (0.48) $ (0.35) $ (1.03) $ (0.65)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following outstanding shares of common stock equivalents as of the periods presented were excluded from the computation of diluted net loss per share attributable to common shareholders for the periods presented because the impact of including them would have been anti-dilutive (in thousands): July 31, 2022 2021 Shares subject to outstanding common stock awards 11,799 11,315 Shares issuable pursuant to the 2018 Employee Stock Purchase Plan 53 143 Total potentially dilutive shares 11,852 11,458

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jul. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Unrealized Gains and Losses, and Estimated Fair Values of the Company’s Investments	The following table presents the amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and short-term investments as of July 31, 2022 (in thousands): July 31, 2022 Amortized Cost* Unrealized Gains Unrealized Losses Estimated Fair Value Cash equivalents: Money market funds $ 150,350 $ — $ — $ 150,350 Total cash equivalents 150,350 — — 150,350 Short-term investments: Corporate bonds 69,100 36 (249) 68,887 U.S. Treasury securities 73,428 — (190) 73,238 Commercial paper 86,169 — — 86,169 Total short-term investments 228,697 36 (439) 228,294 Total $ 379,047 $ 36 $ (439) $ 378,644 *Excludes interest receivable of $0.6 million, which is included in prepaid expenses and other current assets on the condensed consolidated balance sheets.
Schedule of Maturities of the Company’s Short-term Investments	The following table presents the contractual maturities of the Company’s short-term investments as of July 31, 2022 (in thousands): July 31, 2022 Amortized Cost Estimated Fair Value Due within one year $ 201,120 $ 200,764 Due between one to five years 27,577 27,530 Total $ 228,697 $ 228,294

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present information about the Company’s financial assets and liabilities that are measured at fair value and indicate the fair value hierarchy of the valuation inputs used (in thousands): July 31, 2022 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 150,350 $ — $ — $ 150,350 Total cash equivalents 150,350 — — 150,350 Short-term investments: Corporate bonds — 68,887 — 68,887 U.S. Treasury securities — 73,238 — 73,238 Commercial paper — 86,169 — 86,169 Total short-term investments — 228,294 — 228,294 Total assets $ 150,350 $ 228,294 $ — $ 378,644 January 31, 2022 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 378,294 $ — $ — $ 378,294 Total assets $ 378,294 $ — $ — $ 378,294

Goodwill and Net Intangible A_2

Goodwill and Net Intangible Assets (Tables)	6 Months Ended
	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The following table presents the components of net intangible assets (in thousands): July 31, 2022 January 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Acquired software technology $ 25,400 $ (11,735) $ 13,665 $ 25,400 $ (9,195) $ 16,205 Acquired customer relationships 32,150 (9,939) 22,211 32,150 (7,735) 24,415 Trade names 4,100 (935) 3,165 4,100 (711) 3,389 Patents 170 (130) 40 170 (127) 43 Domain name 44 — 44 44 — 44 Total $ 61,864 $ (22,739) $ 39,125 $ 61,864 $ (17,768) $ 44,096 The components of acquired intangible assets as of the periods presented were as follows (dollars in thousands): July 31, 2022 January 31, 2022 Net Carrying Amount Weighted Average Life (Years) Net Carrying Amount Weighted Average Life (Years) Acquired software technology $ 13,665 2.8 $ 16,205 3.3 Acquired customer relationships 22,211 5.0 24,415 5.5 Trade names 3,165 7.1 3,389 7.6 Total $ 39,041 4.4 $ 44,009 4.9
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of July 31, 2022, estimated remaining amortization expense for the finite-lived intangible assets by fiscal year is as follows (in thousands): Remainder of Fiscal 2023 $ 4,971 Fiscal 2024 9,942 Fiscal 2025 8,740 Fiscal 2026 7,023 Fiscal 2027 4,858 Thereafter 3,547 Total $ 39,081

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table includes a summary of the option activity during the six months ended July 31, 2022: Options Outstanding Weighted-Average Exercise Price Outstanding at January 31, 2022 4,573,482 $ 20.87 Granted 3,744 52.72 Exercised (541,941) 11.30 Forfeited or canceled (96,125) 45.35 Outstanding at July 31, 2022 3,939,160 21.62 Exercisable at July 31, 2022 3,191,965 12.33
Schedule of Restricted Stock Units Award Activity	The following table includes a summary of the RSU activity during the six months ended July 31, 2022: Number of Shares Underlying Outstanding RSUs Weighted-Average Grant-Date Fair Value per RSU Outstanding at January 31, 2022 7,281,232 $ 60.95 Granted 2,770,073 45.49 Vested (1,532,721) 55.68 Forfeited or canceled (659,115) 58.62 Outstanding at July 31, 2022 7,859,469 56.74
Schedule of Nonvested Restricted Stock Shares Activity	The following table includes a summary of the RSA activity during the six months ended July 31, 2022: Number of Shares Weighted-Average Grant-Date Fair Value per Share Outstanding at January 31, 2022 56,288 $ 46.93 Granted — — Vested — — Forfeited or canceled — — Outstanding at July 31, 2022 56,288 46.93
Schedule of Shares Available for Issuance Under ESPP	The following table includes a summary of the activity during the six months ended July 31, 2022 of our shares available for issuance under our 2018 Plan and our ESPP: 2018 Plan 2018 ESPP Balance at January 31, 2022 15,067,025 4,040,430 Authorized 6,390,477 1,278,096 Granted (2,773,817) (318,365) Forfeited or canceled 755,240 — Balance at July 31, 2022 19,438,925 5,000,161
Schedule of Share-based Compensation Expense	Share-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Cost of subscription revenue $ 2,849 $ 1,602 $ 5,460 $ 3,097 Cost of professional services revenue 1,756 941 3,233 1,614 Research and development 15,974 10,024 31,589 18,331 Sales and marketing 16,707 10,315 31,452 18,971 General and administrative 8,202 5,751 17,654 10,479 Total share-based compensation expense $ 45,488 $ 28,633 $ 89,388 $ 52,492

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2022
Leases [Abstract]
Schedule of Lease Cost	The components of lease expense recorded in the condensed consolidated statements of operations were as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Operating lease cost $ 4,887 $ 4,666 $ 9,766 $ 9,198 Short-term lease cost 127 7 256 350 Variable lease cost 792 756 1,359 1,344 Total lease costs $ 5,806 $ 5,429 $ 11,381 $ 10,892 Other information related to operating leases was as follows (dollars in thousands): Six Months Ended July 31, 2022 2021 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities* $ 9,729 $ 8,583 Right-of-use assets obtained in exchange for operating lease obligations 4,464 — Right-of-use asset reductions related to operating lease terminations 110 — Other supplemental information: Weighted-average remaining lease term (in years) 4.8 5.8 Weighted-average discount rate 4.9 % 5.1 % * Includes cash paid for lease liability accretion of $1.8 million and $2.1 million for the six months ended July 31, 2022 and 2021, respectively.
Schedule of Future Minimum Rental Payments for Operating Leases	As of July 31, 2022, remaining maturities of lease liabilities were as follows (in thousands): Operating Leases Remainder of Fiscal 2023 $ 9,409 Fiscal 2024 19,181 Fiscal 2025 15,783 Fiscal 2026 13,281 Fiscal 2027 9,974 Thereafter 11,452 Total lease payments 79,080 Less: imputed interest (8,244) Total $ 70,836

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Schedule of Revenue by Geographical Area	Revenue by geographic location is determined by the location of the Company’s customers. The following table sets forth revenue by geographic area (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 United States $ 155,912 $ 108,149 $ 295,606 $ 204,552 EMEA 16,180 12,563 31,465 23,624 Asia Pacific 7,032 5,188 13,566 9,642 Americas other than the United States 7,567 5,836 14,364 11,000 Total $ 186,691 $ 131,736 $ 355,001 $ 248,818
Schedule of Long-lived Assets by Geographic Areas	Long-lived assets by geographic location is based on the location of the legal entity that owns the asset. The following table sets forth long-lived assets by geographic area (in thousands): July 31, 2022 January 31, 2022 United States $ 73,433 $ 79,278 EMEA 6,771 3,828 Asia Pacific 319 1,153 Americas other than the United States 106 28 Total $ 80,629 $ 84,287

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) segment	Jul. 31, 2021 USD ($)	Jan. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Number of operating segments | segment			1
Restricted cash	$ 500	$ 423	$ 500	$ 423
Internal use software costs capitalized	3,100	2,400	5,700	4,200
Amortization expense of capitalized internal use software costs	2,000	$ 1,300	$ 3,900	$ 2,400
Software
Lessee, Lease, Description [Line Items]
Software useful life			3 years
Letter of Credit Collateral
Lessee, Lease, Description [Line Items]
Restricted cash	$ 500		$ 500		$ 600

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021	Jan. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 227,370	$ 449,074	$ 442,801
Restricted cash included in prepaid expenses and other current assets	500		423
Restricted cash	17	17	18
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows	$ 227,887	$ 449,680	$ 443,242	$ 442,348

Revenue from Contracts with C_2

Revenue from Contracts with Customers - Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenue from External Customer [Line Items]
Deferred revenue	$ 415.5		$ 415.5
Subscription
Revenue from External Customer [Line Items]
Revenue recognized included in deferred revenue	144.7	$ 99.1	230.8	$ 152.8
Deferred revenue	408		408
Professional services
Revenue from External Customer [Line Items]
Revenue recognized included in deferred revenue	4.2	$ 4.2	4.2	$ 4.2
Deferred revenue	$ 7.5		$ 7.5

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Revenue Recognition (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-08-01	Jul. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue related to remaining performance obligations	93%
Period of expected timing of satisfaction related to remaining performance obligations	12 months

Deferred Commissions (Details)

Deferred Commissions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred commissions	$ 100,738		$ 100,738		$ 91,312
Amortization of deferred commission costs	$ 14,500	$ 10,500	$ 27,600	$ 19,700
Deferred commissions amortized period	3 years		3 years
Estimated Fair Value	$ 228,294		$ 228,294

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Numerator:
Net loss	$ (62,313)	$ (44,168)	$ (132,770)	$ (81,240)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	129,645	125,210	129,091	124,669
Weighted-average common shares outstanding, diluted (in shares)	129,645	125,210	129,091	124,669
Net loss per share, basic (in dollars per share)	$ (0.48)	$ (0.35)	$ (1.03)	$ (0.65)
Net loss per share, diluted (in dollars per share)	$ (0.48)	$ (0.35)	$ (1.03)	$ (0.65)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares (in shares)	11,852	11,458
Shares subject to outstanding common stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares (in shares)	11,799	11,315
Shares issuable pursuant to the 2018 Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares (in shares)	53	143

Investments - Schedule of Unrea

Investments - Schedule of Unrealized Gains and Losses, and Estimated Fair Values of the Company’s Investments (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	$ 379,047
Unrealized Gains	36
Unrealized Losses	(439)
Estimated Fair Value	378,644
Interest receivable	600
Money market funds
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	150,350
Unrealized Gains	0
Unrealized Losses	0
Estimated Fair Value	150,350
Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	150,350
Unrealized Gains	0
Unrealized Losses	0
Estimated Fair Value	150,350
Corporate bonds
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	69,100
Unrealized Gains	36
Unrealized Losses	(249)
Estimated Fair Value	68,887
U.S. Treasury securities
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	73,428
Unrealized Gains	0
Unrealized Losses	(190)
Estimated Fair Value	73,238
Commercial paper
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	86,169
Unrealized Gains	0
Unrealized Losses	0
Estimated Fair Value	86,169
Short-term Investments
Debt and Equity Securities, FV-NI [Line Items]
Amortized Cost*	228,697
Unrealized Gains	36
Unrealized Losses	(439)
Estimated Fair Value	$ 228,294

Investments - Schedule of Matur

Investments - Schedule of Maturities of the Company’s Short-term Investments (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Amortized Cost
Due within one year	$ 201,120
Due between one to five years	27,577
Amortized Cost*	228,697
Estimated Fair Value
Due within one year	200,764
Due between one to five years	27,530
Estimated Fair Value	$ 228,294

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022
Cash equivalents:
Short-term investments:	$ 378,644
Corporate bonds
Cash equivalents:
Short-term investments:	68,887
U.S. Treasury securities
Cash equivalents:
Short-term investments:	73,238
Commercial paper
Cash equivalents:
Short-term investments:	86,169
Fair Value, Measurements, Recurring
Cash equivalents:
Cash equivalents:	150,350
Short-term investments:	228,294
Total assets	378,644	$ 378,294
Fair Value, Measurements, Recurring | Corporate bonds
Cash equivalents:
Short-term investments:	68,887
Fair Value, Measurements, Recurring | U.S. Treasury securities
Cash equivalents:
Short-term investments:	73,238
Fair Value, Measurements, Recurring | Commercial paper
Cash equivalents:
Short-term investments:	86,169
Fair Value, Measurements, Recurring | Money market funds
Cash equivalents:
Cash equivalents:	150,350	378,294
Fair Value, Measurements, Recurring | Level 1
Cash equivalents:
Cash equivalents:	150,350
Short-term investments:	0
Total assets	150,350	378,294
Fair Value, Measurements, Recurring | Level 1 | Corporate bonds
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 1 | U.S. Treasury securities
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 1 | Money market funds
Cash equivalents:
Cash equivalents:	150,350	378,294
Fair Value, Measurements, Recurring | Level 2
Cash equivalents:
Cash equivalents:	0
Short-term investments:	228,294
Total assets	228,294	0
Fair Value, Measurements, Recurring | Level 2 | Corporate bonds
Cash equivalents:
Short-term investments:	68,887
Fair Value, Measurements, Recurring | Level 2 | U.S. Treasury securities
Cash equivalents:
Short-term investments:	73,238
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Cash equivalents:
Short-term investments:	86,169
Fair Value, Measurements, Recurring | Level 2 | Money market funds
Cash equivalents:
Cash equivalents:	0	0
Fair Value, Measurements, Recurring | Level 3
Cash equivalents:
Cash equivalents:	0
Short-term investments:	0
Total assets	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate bonds
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 3 | U.S. Treasury securities
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Cash equivalents:
Short-term investments:	0
Fair Value, Measurements, Recurring | Level 3 | Money market funds
Cash equivalents:
Cash equivalents:	$ 0	$ 0

Goodwill and Net Intangible A_3

Goodwill and Net Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in goodwill			$ 0
Measurement period adjustments			0
Amortization expense	$ 2,500	$ 2,500	$ 5,000	$ 5,000

Goodwill and Net Intangible A_4

Goodwill and Net Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2022	Jan. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 61,864	$ 61,864
Accumulated Amortization	(22,739)	(17,768)
Net Carrying Amount	39,125	44,096
Net Carrying Amount	$ 39,041	$ 44,009
Weighted Average Life (Years)	4 years 4 months 24 days	4 years 10 months 24 days
Acquired software technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 25,400	$ 25,400
Accumulated Amortization	(11,735)	(9,195)
Net Carrying Amount	13,665	16,205
Net Carrying Amount	$ 13,665	$ 16,205
Weighted Average Life (Years)	2 years 9 months 18 days	3 years 3 months 18 days
Acquired customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 32,150	$ 32,150
Accumulated Amortization	(9,939)	(7,735)
Net Carrying Amount	22,211	24,415
Net Carrying Amount	$ 22,211	$ 24,415
Weighted Average Life (Years)	5 years	5 years 6 months
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,100	$ 4,100
Accumulated Amortization	(935)	(711)
Net Carrying Amount	3,165	3,389
Net Carrying Amount	$ 3,165	$ 3,389
Weighted Average Life (Years)	7 years 1 month 6 days	7 years 7 months 6 days
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 170	$ 170
Accumulated Amortization	(130)	(127)
Net Carrying Amount	40	43
Domain name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	44	44
Accumulated Amortization	0	0
Net Carrying Amount	$ 44	$ 44

Goodwill and Net Intangible A_5

Goodwill and Net Intangible Assets - Estimated Remaining Amortization Expense (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of Fiscal 2023	$ 4,971
Fiscal 2024	9,942
Fiscal 2025	8,740
Fiscal 2026	7,023
Fiscal 2027	4,858
Thereafter	3,547
Total	$ 39,081

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022 USD ($) shares	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) purchasePeriod shares	Jul. 31, 2021 USD ($)	Jan. 31, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation	$ 45,488	$ 28,633	$ 89,388	$ 52,492
Capitalized software development costs	$ 1,000	$ 600	$ 1,700	$ 1,000
2018 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allowable payroll deduction as a percent of base cash compensation			15%
Offering period (in months)			6 months
Number of purchase periods | purchasePeriod			1
Purchase period (in months)			6 months
Purchase price percent			85%
Maximum number of shares authorized (in shares) | shares	5,000,161		5,000,161		4,040,430
Share-based compensation			$ 1,400
2018 ESPP | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period in which shares authorized increase			10 years
2018 ESPP | Common Class A | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized (in shares) | shares	20,400,000		20,400,000
2018 ESPP | Common Class A and B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of shares outstanding			1%
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Expiration period			10 years
RSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
RSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Options (Details) - Stock Option - $ / shares	6 Months Ended
	Jul. 31, 2022
Options Outstanding
Outstanding beginning balance (in shares)	4,573,482
Granted (in shares)	3,744
Exercised (in shares)	(541,941)
Forfeited or canceled (in shares)	(96,125)
Outstanding ending balance (in shares)	3,939,160
Exercisable (in shares)	3,191,965
Weighted-Average Exercise Price
Outstanding beginning balance (in dollars per share)	$ 20.87
Granted (in dollars per share)	52.72
Exercised (in dollars per share)	11.30
Forfeited or canceled (in dollars per share)	45.35
Outstanding ending balance (in dollars per share)	21.62
Exercisable (in dollars per share)	$ 12.33

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Units (Details) - RSUs	6 Months Ended
	Jul. 31, 2022 $ / shares shares
Number of Shares Underlying Outstanding RSUs
Outstanding beginning balance (in shares) | shares	7,281,232
Granted (in shares) | shares	2,770,073
Vested (in shares) | shares	(1,532,721)
Forfeited or canceled (in shares) | shares	(659,115)
Outstanding ending balance (in shares) | shares	7,859,469
Weighted-Average Grant-Date Fair Value per RSU
Outstanding beginning balance (in dollars per share) | $ / shares	$ 60.95
Granted (in dollars per share) | $ / shares	45.49
Vested (in dollars per share) | $ / shares	55.68
Forfeited or canceled (in dollars per share) | $ / shares	58.62
Outstanding ending balance (in dollars per share) | $ / shares	$ 56.74

Share-Based Compensation - Re_2

Share-Based Compensation - Restricted Stock Awards (Details) - Restricted Stock	6 Months Ended
	Jul. 31, 2022 $ / shares shares
Number of Shares
Outstanding beginning balance (in shares) | shares	56,288
Granted (in shares) | shares	0
Vested (in shares) | shares	0
Forfeited or canceled (in shares) | shares	0
Outstanding ending balance (in shares) | shares	56,288
Weighted-Average Grant-Date Fair Value per Share
Outstanding beginning balance (in dollars per share) | $ / shares	$ 46.93
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Forfeited or canceled (in dollars per share) | $ / shares	0
Outstanding ending balance (in dollars per share) | $ / shares	$ 46.93

Share-Based Compensation - 2018

Share-Based Compensation - 2018 Plan and 2018 Employee Stock Purchase Plan (Details)	6 Months Ended
	Jul. 31, 2022 shares
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance at beginning of period (in shares)	15,067,025
Authorized (in shares)	6,390,477
Granted (in shares)	(2,773,817)
Forfeited or canceled (in shares)	755,240
Balance at end of period (in shares)	19,438,925
2018 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance at beginning of period (in shares)	4,040,430
Authorized (in shares)	1,278,096
Granted (in shares)	(318,365)
Forfeited or canceled (in shares)	0
Balance at end of period (in shares)	5,000,161

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 45,488	$ 28,633	$ 89,388	$ 52,492
Cost of subscription revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	2,849	1,602	5,460	3,097
Cost of professional services revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	1,756	941	3,233	1,614
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	15,974	10,024	31,589	18,331
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	16,707	10,315	31,452	18,971
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation expense	$ 8,202	$ 5,751	$ 17,654	$ 10,479

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Tax Contingency [Line Items]
Income tax provision	$ 359	$ 66	$ 574	$ 115

Leases - Narrative (Details)

Leases - Narrative (Details)	6 Months Ended
	Jul. 31, 2022
Lessee, Lease, Description [Line Items]
Option to extend lease	5 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	7 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Leases [Abstract]
Operating lease cost	$ 4,887	$ 4,666	$ 9,766	$ 9,198
Short-term lease cost	127	7	256	350
Variable lease cost	792	756	1,359	1,344
Total lease costs	$ 5,806	$ 5,429	$ 11,381	$ 10,892

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$ 9,729	$ 8,583
Right-of-use assets obtained in exchange for operating lease obligations	4,464	0
Right-of-use asset reductions related to operating lease terminations	$ 110	$ 0
Weighted Average Remaining Lease Term [Abstract]
Weighted-average remaining lease term (in years)	4 years 9 months 18 days	5 years 9 months 18 days
Weighted Average Discount Rate [Abstract]
Weighted-average discount rate	4.90%	5.10%
Cash paid for lease liability accretion	$ 1,800	$ 2,100

Leases - Schedule of Future Pay

Leases - Schedule of Future Payments for Operating Leases (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Operating Leases
Remainder of Fiscal 2023	$ 9,409
Fiscal 2024	19,181
Fiscal 2025	15,783
Fiscal 2026	13,281
Fiscal 2027	9,974
Thereafter	11,452
Total lease payments	79,080
Less: imputed interest	(8,244)
Total	$ 70,836

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	1 Months Ended
	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Payments for legal settlement	$ 10

Geographic Information - Schedu

Geographic Information - Schedule of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 186,691	$ 131,736	$ 355,001	$ 248,818
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	155,912	108,149	295,606	204,552
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	16,180	12,563	31,465	23,624
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	7,032	5,188	13,566	9,642
Americas other than the United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 7,567	$ 5,836	$ 14,364	$ 11,000

Geographic Information - Long-l

Geographic Information - Long-lived Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 80,629	$ 84,287
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	73,433	79,278
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	6,771	3,828
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	319	1,153
Americas other than the United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 106	$ 28

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - Brandfolder Inc. - Subsequent Event $ in Millions	Aug. 26, 2022 USD ($)
Subsequent Event [Line Items]
Outstanding equity acquired (percentage)	100%
Aggregate consideration payable	$ 20.6