Box (BOX) 10-Q 30 Aug 24 2025 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jul. 31, 2024 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	BOX
Entity Registrant Name	Box, Inc.
Entity Central Index Key	0001372612
Current Fiscal Year End Date	--01-31
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
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Security Exchange Name	NYSE
Entity File Number	001-36805
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-2714444
Entity Address, Address Line One	900 Jefferson Ave
Entity Address, City or Town	Redwood City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94063
City Area Code	877
Local Phone Number	729-4269
Document Quarterly Report	true
Document Transition Report	false
Entity Common Stock, Shares Outstanding	143,228,163

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 406,620	$ 383,742
Short-term investments	75,605	96,948
Accounts receivable, net	177,487	281,487
Deferred commissions	43,516	45,817
Other current assets	30,431	34,186
Total current assets	733,659	842,180
Operating lease right-of-use assets, net	88,453	99,354
Goodwill	76,773	76,750
Deferred commissions, non-current	58,464	63,541
Deferred tax assets	73,411	75,665
Other long-term assets	89,978	83,673
Total assets	1,120,738	1,241,163
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	44,076	52,737
Accrued compensation and benefits	33,189	36,872
Operating lease liabilities	25,662	26,812
Deferred revenue	483,987	562,859
Total current liabilities	586,914	679,280
Debt, net, non-current	371,824	370,822
Operating lease liabilities, non-current	82,173	94,165
Other long-term liabilities	26,081	35,863
Total liabilities	1,066,992	1,180,130
Commitments and contingencies (Note 5)
Series A convertible preferred stock, par value of $0.0001 per share; 500 shares authorized, issued and outstanding as of July 31 and January 31, 2024	493,145	492,095
Stockholders' deficit:
Class A common stock, par value $0.0001 per share; 1,000,000 shares authorized; 143,228 shares and 144,353 shares issued and outstanding as of July 31 and January 31, 2024, respectively	14	14
Additional paid-in capital	740,292	785,374
Accumulated other comprehensive loss	(10,659)	(9,686)
Accumulated deficit	(1,169,046)	(1,206,764)
Total stockholders' deficit	(439,399)	(431,062)
Total liabilities, convertible preferred stock and stockholders' deficit	$ 1,120,738	$ 1,241,163

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 2024	Jan. 31, 2024
Statement of Financial Position [Abstract]
Temporary equity, par value per share	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	500,000	500,000
Temporary equity, shares issued	500,000	500,000
Temporary equity, shares outstanding	500,000	500,000
Class A Common Stock, par value	$ 0.0001	$ 0.0001
Class A Common Stock, shares authorized	1,000,000,000	1,000,000,000
Class A Common Stock, shares issued	143,228,000	144,353,000
Class A Common Stock, shares outstanding	143,228,000	144,353,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Statement [Abstract]
Revenue	$ 270,039	$ 261,428	$ 534,697	$ 513,326
Cost of revenue	55,513	67,013	113,765	128,664
Gross profit	214,526	194,415	420,932	384,662
Operating expenses:
Research and development	65,445	63,316	128,118	125,834
Sales and marketing	95,235	88,605	187,908	174,815
General and administrative	33,566	32,619	66,619	65,803
Total operating expenses	194,246	184,540	382,645	366,452
Income from operations	20,280	9,875	38,287	18,210
Interest and other income, net	4,699	3,293	8,557	5,611
Income before provision for income taxes	24,979	13,168	46,844	23,821
Provision for income taxes	4,483	2,377	9,126	4,680
Net income	20,496	10,791	37,718	19,141
Accretion and dividend on series A convertible preferred stock	(4,310)	(4,307)	(8,550)	(8,531)
Undistributed earnings attributable to preferred stockholders	(1,845)	(740)	(3,313)	(1,209)
Net income attributable to common stockholders	$ 14,341	$ 5,744	$ 25,855	$ 9,401
Net income per share attributable to common stockholders, basic	$ 0.1	$ 0.04	$ 0.18	$ 0.07
Net income per share attributable to common stockholders, diluted	$ 0.1	$ 0.04	$ 0.18	$ 0.06
Weighted-average shares used to compute net income per share attributable to common stockholders, basic	144,070	144,248	144,678	144,490
Weighted-average shares used to compute net income per share attributable to common stockholders, diluted	146,525	150,007	147,634	150,218

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 20,496	$ 10,791	$ 37,718	$ 19,141
Other comprehensive income (loss):
Net foreign currency translation gain (loss)	1,498	(501)	(264)	(290)
Other	(361)	(14)	(709)	(179)
Other comprehensive income (loss):	1,137	(515)	(973)	(469)
Comprehensive income	$ 21,633	$ 10,276	$ 36,745	$ 18,672

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Series A Convertible Preferred Stock	Common Stock Class A Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance at Jan. 31, 2023	$ (523,851)		$ 14	$ 818,996	$ (7,065)	$ (1,335,796)
Temporary equity, Beginning, Shares at Jan. 31, 2023		500
Temporary equity, Balance at Jan. 31, 2023		$ 489,990
Balance, Beginning, Shares at Jan. 31, 2023			144,301
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes	(25,835)			(25,835)
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes, (in shares)			3,558
Stock-based compensation related to stock awards	108,056			108,056
Accretion and dividend on series A convertible preferred stock, net of dividends paid	(8,531)	$ 1,031		(8,531)
Repurchases of common stock	(105,475)			(105,475)
Repurchases of common stock (in shares)			(3,814)
Other comprehensive income (loss)	(469)				(469)
Net income	19,141					19,141
Balance at Jul. 31, 2023	(536,964)		$ 14	787,211	(7,534)	(1,316,655)
Temporary equity, Ending, Shares at Jul. 31, 2023		500
Temporary equity, Balance at Jul. 31, 2023		$ 491,021
Balance, Ending, Shares at Jul. 31, 2023			144,045
Balance at Apr. 30, 2023	(512,085)		$ 14	822,366	(7,019)	(1,327,446)
Temporary equity, Beginning, Shares at Apr. 30, 2023		500
Temporary equity, Balance at Apr. 30, 2023		$ 490,464
Balance, Beginning, Shares at Apr. 30, 2023			144,828
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes	(21,416)			(21,416)
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes, (in shares)			1,372
Stock-based compensation related to stock awards	52,148			52,148
Accretion and dividend on series A convertible preferred stock, net of dividends paid	(4,307)	$ 557		(4,307)
Repurchases of common stock	(61,580)			(61,580)
Repurchases of common stock (in shares)			(2,155)
Other comprehensive income (loss)	(515)				(515)
Net income	10,791					10,791
Balance at Jul. 31, 2023	(536,964)		$ 14	787,211	(7,534)	(1,316,655)
Temporary equity, Ending, Shares at Jul. 31, 2023		500
Temporary equity, Balance at Jul. 31, 2023		$ 491,021
Balance, Ending, Shares at Jul. 31, 2023			144,045
Balance at Jan. 31, 2024	$ (431,062)		$ 14	785,374	(9,686)	(1,206,764)
Temporary equity, Beginning, Shares at Jan. 31, 2024	500	500
Temporary equity, Balance at Jan. 31, 2024	$ 492,095	$ 492,095
Balance, Beginning, Shares at Jan. 31, 2024			144,353
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes	(6,752)		$ 1	(6,753)
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes, (in shares)			4,129
Stock-based compensation related to stock awards	109,417			109,417
Accretion and dividend on series A convertible preferred stock, net of dividends paid	(8,550)	$ 1,050		(8,550)
Repurchases of common stock	(139,197)		$ (1)	(139,196)
Repurchases of common stock (in shares)			(5,254)
Other comprehensive income (loss)	(973)				(973)
Net income	37,718					37,718
Balance at Jul. 31, 2024	$ (439,399)		$ 14	740,292	(10,659)	(1,169,046)
Temporary equity, Ending, Shares at Jul. 31, 2024	500	500
Temporary equity, Balance at Jul. 31, 2024	$ 493,145	$ 493,145
Balance, Ending, Shares at Jul. 31, 2024			143,228
Balance at Apr. 30, 2024	(397,874)		$ 15	803,449	(11,796)	(1,189,542)
Temporary equity, Beginning, Shares at Apr. 30, 2024		500
Temporary equity, Balance at Apr. 30, 2024		$ 492,585
Balance, Beginning, Shares at Apr. 30, 2024			145,588
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes	(10,674)		$ 0	(10,674)
Issuance of common stock under employee equity plans, net of shares withheld for employee payroll taxes, (in shares)			1,521
Stock-based compensation related to stock awards	53,783			53,783
Accretion and dividend on series A convertible preferred stock, net of dividends paid	(4,310)	$ 560		(4,310)
Repurchases of common stock	(101,957)		$ (1)	(101,956)
Repurchases of common stock (in shares)			(3,881)
Other comprehensive income (loss)	1,137				1,137
Net income	20,496					20,496
Balance at Jul. 31, 2024	$ (439,399)		$ 14	$ 740,292	$ (10,659)	$ (1,169,046)
Temporary equity, Ending, Shares at Jul. 31, 2024	500	500
Temporary equity, Balance at Jul. 31, 2024	$ 493,145	$ 493,145
Balance, Ending, Shares at Jul. 31, 2024			143,228

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jul. 31, 2024	Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 37,718	$ 19,141
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		9,984	24,483
Stock-based compensation expense		106,273	100,623
Amortization of deferred commissions		26,538	27,369
Other		2,402	1,705
Changes in operating assets and liabilities:
Accounts receivable, net		103,301	96,309
Deferred commissions		(19,288)	(17,319)
Operating lease right-of-use assets, net		13,350	15,850
Other assets		(595)	(1,227)
Accounts payable, accrued expenses and other liabilities		(14,399)	(6,136)
Operating lease liabilities		(15,326)	(24,186)
Deferred revenue		(82,456)	(79,006)
Net cash provided by operating activities		167,502	157,606
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of short-term investments		(56,455)	(65,745)
Maturities of short-term investments		75,896	50,000
Sales of short-term investments		3,567	0
Purchases of property and equipment		(1,674)	(2,000)
Proceeds from sales of property and equipment		5,991	1,253
Capitalized internal-use software costs		(11,677)	(8,377)
Other		0	(190)
Net cash provided by (used in) investing activities		15,648	(25,059)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchases of common stock		(138,686)	(104,906)
Payments of dividends to preferred stockholders		(7,500)	(7,443)
Proceeds from exercise of stock options		15,353	795
Proceeds from issuances of common stock under employee stock purchase plan		15,677	16,045
Employee payroll taxes paid for net settlement of stock awards		(37,783)	(42,026)
Principal payments of finance lease liabilities		(2,141)	(18,952)
Other		(2,022)	(3,570)
Net cash used in financing activities		(157,102)	(160,057)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		(2,589)	(4,836)
Net increase (decrease) in cash, cash equivalents, and restricted cash		23,459	(32,346)
Cash, cash equivalents, and restricted cash, beginning of period	[1]	384,257	429,040
Cash, cash equivalents, and restricted cash, end of period	[1]	$ 407,716	$ 396,694
[1] Restricted cash is included in other current assets in the condensed consolidated balance sheets for the periods presented.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 20,496	$ 10,791	$ 37,718	$ 19,141

Insider Trading Arrangements

Insider Trading Arrangements - shares		3 Months Ended
	Jul. 09, 2024	Jul. 31, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three months ended July 31, 2024, the following directors and officers, as defined in Rule 16a-1(f) under the Exchange Act, adopted a “Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K, as follows. On July 9, 2024 , Bethany Mayer , the Chair of our Board of Directors , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Rule 10b5-1 trading arrangement allows for the sale of up to 5,123 shares of our Class A common stock, commencing on October 8, 2024 and continuing until all shares are sold or July 31, 2025 , whichever comes first. No other directors or officers, as defined in Rule 16a-1(f), adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the three months ended July 31, 2024.
Bethany Mayer [Member]
Trading Arrangements, by Individual
Name	Bethany Mayer
Title	Chair of our Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	July 9, 2024
Expiration Date	July 31, 2025
Arrangement Duration	297 days
Aggregate Available	5,123
Other Directors or Officers [Member]
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 Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1. Description of Business and Basis of Presentation Description of Business We were incorporated in the state of Washington in April 2005, and were reincorporated in the state of Delaware in March 2008. Box provides a leading cloud content management platform that enables organizations of all sizes to securely manage cloud content while allowing easy, secure access and sharing of this content from anywhere, on any device. Basis of Presentation The accompanying unaudited condensed consolidated financial statements, which include the accounts of Box and its wholly owned subsidiaries, have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and applicable rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all of the financial information and footnotes required by GAAP for complete financial statements. In the opinion of our management, the unaudited condensed consolidated financial statements include all adjustments necessary for the fair presentation of our balance sheets, statements of operations, statements of comprehensive income, statements of convertible preferred stock and stockholders' deficit, and the statements of cash flows for the interim periods, but are not necessarily indicative of the results to be expected for any subsequent quarter or for the year ending January 31, 2025. The unaudited 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, 2024, which was filed with the SEC on March 11, 2024. Certain prior period amounts reported in our condensed consolidated financial statements have been reclassified to conform to the current year presentation. Such reclassifications did not affect revenue, income from operations, or net income. Use of Estimates T he preparation of consolidated financial statements in conformity with GAAP requires management to make, on an ongoing basis, estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ from these estimates. Such estimates include, but are not limited to, the fair value of acquired intangible assets, the useful lives of intangible assets, the incremental borrowing rate we use to determine our lease liabilities, and the valuation allowance of deferred income tax assets. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Certain Risks and Concentrations Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments, and accounts receivable. Although we deposit our cash with multiple financial institutions, our deposits, at times, may exceed deposit insurance coverage limits. We sell to a broad range of customers. Our revenue is derived primarily from the United States across a multitude of industries. Accounts receivable are derived from the delivery of our services to customers primarily located in the United States. We accept and settle our accounts receivable using credit cards, electronic payments and checks. A majority of our lower dollar value invoices are settled by credit card on or near the date of the invoice. We do not require collateral from customers to secure accounts receivable. We believe collections of our accounts receivable are probable based on the size, industry diversification, financial condition and past transaction history of our customers. As of July 31, 2024 and January 31, 2024 , no single customer accounted for more than 10 % of total accounts receivable. No single customer represented over 10 % of our revenue for the three and six months ended July 31, 2024 and 2023. We serve our customers and users from public cloud hosting operated by third parties. In order to reduce the risk of down time of our subscription services, we have public cloud hosting services established in various locations in the United States and abroad and we have internal procedures to restore services in the event of disaster. Even with these procedures for disaster recovery in place, our cloud services could be significantly interrupted during the implementation of the procedures to restore services. Geographic Locations For the three and six months ended July 31, 2024 , revenue attributable to customers in the United States was 65 % and revenue attributable to customers in Japan was 22 %. For the three and six months ended July 31, 2023 , revenue attributable to customers in the United States was 66 % and 67 %, respectively and revenue attributable to customers in Japan was 21 %. As of July 31, 2024 and January 31, 2024 , substantially all of our property and equipment was located in the United States. Summary of Significant Accounting Policies Derivative Instruments and Hedging We measure derivative instruments at fair value and recognize them as either assets or liabilities on our condensed consolidated balance sheets. We record changes in fair value of derivative instruments designated as cash flow hedges in other comprehensive income (loss). When the hedged transaction affects earnings, we subsequently reclassify the net derivative gain or loss within other comprehensive income (loss) into the same line as the hedged item on the condensed consolidated statements of operations to offset the changes in the hedged transaction. Derivatives not designated as hedging instruments are adjusted to fair value through interest and other income, net, on our condensed consolidated statements of operations in the period during which changes in fair value occur. There have been no other material changes to our significant accounting policies and estimates during the six months ended July 31, 2024 from those disclosed in our Form 10-K for the year ended January 31, 2024 . Additionally, we have a single reporting segment and all required segment information can be found in the condensed consolidated financial statements. Recently Adopted and Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure of incremental segment information on an annual and interim basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impact of the new standard on our condensed consolidated financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , which requires greater disaggregation of tax information in rate reconciliation and income taxes paid by jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024. We are currently evaluating the impact of the new standard on our condensed consolidated financial statement disclosures.

Revenue

Revenue	6 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Note 2. Revenue Deferred Revenue Deferred revenue was $ 502.1 million and $ 586.9 million as of July 31, 2024 and January 31, 2024, respectively. During the three months ended July 31, 2024 and 2023 , we recognized $ 222.5 million and $ 219.1 million of revenue that was included in the deferred revenue balance as of April 30, 2024 and 2023, respectively. During the six months ended July 31, 2024 and 2023 , we recognized $ 397.5 million and $ 379.8 million of revenue that was included in the deferred revenue balance as of January 31, 2024 and 2023, respectively. Transaction Price Allocated to the Remaining Performance Obligations As of July 31, 2024 , we had remaining performance obligations from contracts with customers of $ 1.3 billion. We expect to recognize revenue on 57 % of these remaining performance obligations over the next 12 months , with the substantial majority of the remaining balance expected to be recognized within 24 months .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 3. Fair Value of Financial Instruments Fair Value Measurements of Assets and Liabilities Measured at Fair Value on a Recurring Basis We measure our financial assets and liabilities at fair value at each reporting period using a fair value hierarchy which requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. We define fair value as the exchange price that would be received from selling an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: • Level 1—Observable inputs are unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs are quoted prices for similar assets and liabilities in active markets or inputs other than quoted prices which are observable for the assets or liabilities, either directly or indirectly through market corroboration, for substantially the full term of the financial instruments. • Level 3—Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. These inputs are based on our own assumptions used to measure assets and liabilities at fair value and require significant management judgment or estimation. Financial assets subject to the fair value disclosure requirements are included in the table below. All of our financial assets are classified as Level 1. The estimated fair value of cash equivalents and short-term investments were as follows (in thousands): July 31, January 31, 2024 2024 Cash equivalents: Money market funds $ 84,437 $ 189,268 Total cash equivalents 84,437 189,268 Short-term investments: U.S. treasury securities 75,605 61,484 Non-U.S. government issued securities — 5,464 Total short-term investments (1) 75,605 66,948 Total cash equivalents and short-term investments (1) $ 160,042 $ 256,216 (1) As of January 31, 2024 , we had a certificate of deposit for a total of $ 30.0 million with an original maturity of more than three months and less than twelve months that is classified as a short-term investment in our condensed consolidated balance sheet. This certificate of deposit is not included in the table above as it does not meet the definition of a security. There were no material differences between the estimated fair value and amortized cost of our cash equivalents and short-term investments. As of July 31, 2024, remaining contractual maturities of our short-term investments were all within one year and we do not consider any portion of the unrealized losses to be credit losses.. Fair Value Measurements of Other Financial Instruments In June 2023, we entered into an amended and restated secured credit agreement (the "June 2023 Facility") to provide for a $ 150.0 million revolving loan facility. As of July 31, 2024 and January 31, 2024 , we had total debt outstanding relating to the June 2023 Facility with a gross carrying amount of $ 30.0 million. The estimated fair value of the June 2023 Facility, which we have classified as a Level 2 financial instrument, approximates its carrying value. In January 2021, we issued $ 345.0 million aggregate principal amount of 0.00 % convertible senior notes due January 15, 2026 (the "Convertible Notes"). The fair value of the Convertible Notes is determined using observable market prices. The fair value of the Convertible Notes, which we have classified as a Level 2 instrument, was $ 407.5 million and $ 392.1 million as of July 31, 2024 and January 31, 2024, respectively. During the six months ended July 31, 2024, we entered into foreign currency forward contracts to hedge monetary assets and liabilities denominated in non-functional currencies. These foreign currency forward contracts are recorded at fair value and have maturities of 12 months or less. As of July 31, 2024 , we had foreign currency forward contracts not designated as hedging instruments with a total notional value of $ 72.0 million. Our foreign currency forward contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. The gross fair value of these foreign currency forward contracts was no t material as of July 31, 2024 . The gains recognized for these foreign currency forward contracts were no t material for the three and six months ended July 31, 2024 . As of January 31, 2024, we did no t have foreign currency forward contracts.

Leases

Leases	6 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Leases	Note 4. Leases We have entered into various non-cancellable operating lease agreements for certain of our offices and data centers with lease periods expiring primarily between fiscal years 2026 and 2034 . Certain of these arrangements have free or escalating rent payment provisions and optional renewal or termination clauses. Our operating leases typically include variable lease payments, which are primarily comprised of common area maintenance and utility charges for our offices and power and network connections for our data centers, that are determined based on actual consumption. Our operating lease agreements do not contain any residual value guarantees, covenants, or other restrictions. We have also entered into various finance lease arrangements to obtain servers and related equipment for our data center operations. These agreements are primarily for four years and certain of these arrangements have optional renewal or termination clauses. The leases are secured by the underlying leased servers and related equipment. During fiscal year 2023, we modified our finance leases to reflect our intent to exercise the purchase options at the end of the term of each finance lease. As of January 31, 2024, there were no remaining material finance lease liabilities. We sublease certain floors of our Redwood City and London offices. Our current subleases have total lease terms ranging from 13 to 48 months that will expire at various dates by fiscal year 2026 . The components of lease cost, which were included in operating expenses in our condensed consolidated statements of operations, were as follows (in thousands): Three Months Ended Six Months Ended July 31, July 31, 2024 2023 2024 2023 Finance lease cost: Amortization of finance lease right-of-use assets $ — $ 5,287 $ 374 $ 11,815 Interest on finance lease liabilities — 271 12 627 Operating lease cost, gross 6,498 12,218 16,606 25,393 Variable lease cost, gross 1,528 2,344 3,618 4,654 Sublease income ( 1,516 ) ( 1,704 ) ( 2,935 ) ( 3,373 ) Total lease cost $ 6,510 $ 18,416 $ 17,675 $ 39,116 As of July 31, 2024, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands): Years ending January 31: Operating Leases (1) Remainder of 2025 $ 15,863 2026 30,374 2027 28,825 2028 25,179 2029 12,092 Thereafter 10,897 Total lease payments $ 123,230 Less: imputed interest $ ( 15,395 ) Present value of total lease liabilities $ 107,835 (1) Non-cancellable sublease proceeds for the remainder of the year ending January 31, 2025 and the year ending January 31, 2026 of $ 2.4 million and $ 1.0 million, respectively, are not included in the table above. As of July 31, 2024 , we had one operating lease for an office space that has not yet commenced. This operating lease has aggregated undiscounted future payments of $ 20.0 million and a lease term of nine years . This operating lease is estimated to commence during fiscal year 2026.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5. Commitments and Contingencies Letters of Credit As of July 31, 2024 and January 31, 2024 , we had letters of credit in the aggregate amount of $ 11.2 million and $ 11.4 million, respectively, in connection with our operating leases and voluntary disability insurance (VDI) program, which were primarily issued under the available sublimit for the issuance of letters of credit in conjunction with a secured credit agreement as disclosed in Note 6. Purchase Obligations Our purchase obligations relate primarily to public cloud hosting services and IT software and support services costs and have terms ranging from two to eight years . As of July 31, 2024, future minimum payments under non-cancellable contractual purchases, which were not recognized on our condensed consolidated balance sheet, are as follows, shown in accordance with the payment due date (in thousands): Years ending January 31: Remainder of 2025 $ 1,945 2026 17,477 2027 265,752 2028 511 2029 355 Total $ 286,040 Legal Matters From time to time, we are subject to litigation and claims that arise in the ordinary course of business. We investigate litigation and claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and estimable. Although the results of litigation and claims cannot be predicted with certainty, we believe there was not at least a reasonable possibility that we had incurred a material loss with respect to such loss contingencies as of July 31, 2024 .

Debt

Debt	6 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Debt	Note 6. Debt Convertible Senior Notes In January 2021, we issued $ 345.0 million aggregate principal amount of 0.00 % convertible senior notes due January 15, 2026 . The Convertible Notes are senior unsecured obligations and do not bear regular interest. Each $ 1,000 principal amount of the Convertible Notes will be convertible into 38.7962 shares of our Class A common stock, which is equivalent to a conversion price of approximately $ 25.78 per share. There have been no changes to the conversion or redemption terms of the Convertible Notes during the six months ended July 31, 2024 from those disclosed in Item 8. Financial Statements and Supplementary Data in our Form 10-K for the year ended January 31, 2024. As of July 31, 2024, the conditions allowing holders of the Convertible Notes to convert were not met. The net carrying amount of the Convertible Notes consisted of the following (in thousands): July 31, January 31, 2024 2024 Principal $ 345,000 $ 345,000 Unamortized issuance costs ( 2,796 ) ( 3,750 ) Net carrying amount $ 342,204 $ 341,250 Issuance costs are being amortized to interest expense over the term of the Convertible Notes using the effective interest rate method. The effective interest rate used to amortize the issuance costs is 0.56 %. For the three and six months ended July 31, 2024 and 2023, interest expense recognized related to the Convertible Notes was not material. Capped Calls I n connection with the pricing of the Convertible Notes, we entered into privately negotiated capped call transactions with certain counterparties (the "Capped Calls"). The Capped Calls each have a strike price of approximately $ 25.80 per share, subject to certain adjustments, which correspond to the initial conversion price of the Convertible Notes. The Capped Calls have initial cap prices of $ 35.58 per share, subject to certain adjustments. The Capped Calls cover, subject to anti-dilution adjustments, approximately 13.4 million shares of our Class A common stock. The Capped Calls are generally intended to reduce or offset the potential dilution to our common stock upon any conversion of the Convertible Notes with such reduction or offset, as the case may be, subject to a cap based on the cap price. The Capped Calls are separate transactions, and not part of the terms of the Convertible Notes. As these transactions meet certain accounting criteria, the Capped Calls are recorded in stockholders’ deficit and are not accounted for as derivatives. The cost of $ 27.8 million incurred in connection with the Capped Calls was recorded as a reduction to additional paid-in capital. Line of Credit On June 30, 2023, we entered into an amended and restated secured credit agreement to provide for a $ 150.0 million revolving loan facility with a $ 45.0 million sublimit for the issuance of letters of credit. Pursuant to the terms of the June 2023 Facility, the maturity date of the revolving loan facility is the earlier of (i) June 30, 2028 , (ii) October 16, 2025 , except to the extent that both of the following conditions are satisfied as of such date: (x) the outstanding principal amount of the Convertible Notes as of such date is not greater than $ 100.0 million and (y) our liquidity (as determined in accordance with the June 2023 Facility) is greater than or equal to the outstanding principal amount of such Convertible Notes as of such date, and (iii) February 11, 2028 , only in the event that any of our Series A Convertible Preferred Stock remains outstanding as of such date. In addition, the June 2023 Facility adopts the Secured Overnight Financing Rate (SOFR) as the interest rate benchmark, with the revolving loans accruing interest at a rate per annum equal to, at our option, (a) an adjusted term SOFR rate (based on one, three, or six-month interest periods) plus a margin ranging from 1.35 % to 1.85 %, (b) a daily simple SOFR rate plus a margin ranging from 1.35 % to 1.85 %, or (c) a prime rate plus a margin of 0.35 % to 0.85 %. The borrowings under the June 2023 Facility are collateralized by substantially all of our assets. The June 2023 Facility requires us to comply with a maximum leverage ratio and a minimum liquidity requirement. Additionally, the June 2023 Facility contains customary affirmative and negative covenants. As of July 31, 2024 , we had total debt outstanding with a net carrying amount of $ 29.6 million and we were in compliance with all financial covenants.

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock and Stockholders' Deficit	6 Months Ended
	Jul. 31, 2024
Stockholders' Equity Note [Abstract]
Redeemable Convertible Preferred Stock and Stockholders' Deficit	Note 7. Redeemable Convertible Preferred Stock and Stockholders’ Deficit Series A Convertible Preferred Stock On April 7, 2021, we entered into an investment agreement with a group of investors led by KKR & Co. Inc. (collectively "KKR") relating to the issuance and sale of 500,000 shares of our Series A Convertible Preferred Stock, par value $ 0.0001 per share, for an aggregate purchase price of $ 500 million, or $ 1,000 per share. There have been no changes to the terms and conditions of the Series A Preferred Stock for the six months ended July 31, 2024 from those disclosed in Item 8. Financial Statements and Supplementary Data in our Form 10-K for the year ended January 31, 2024. During the six months ended July 31, 2024 , we paid cash dividends to our Series A Preferred Stockholders in the amount of $ 7.5 million and as of July 31, 2024 , we had accrued dividends of $ 1.3 million on the Series A Preferred Stock. Accrued dividends are recorded against additional paid-in capital due to Box being in an accumulated deficit position. Share Repurchase Plan Our Board of Directors has authorized a share repurchase plan to opportunistically repurchase shares of our outstanding Class A common stock in open market transactions. We periodically enter into pre-set trading plans adopted in accordance with Rule 10b5-1 to effect repurchases under our share repurchase plan. During the three months ended July 31, 2024 , we repurchased 3.9 million shares at a weighted average price of $ 26.25 per share for a total amount of $ 101.9 million. During the six months ended July 31, 2024 , we repurchased 5.3 million shares at a weighted average price of $ 26.48 per share for a total amount of $ 139.1 million. As of July 31, 2024 , $ 24.6 million remained available for additional repurchases. On August 25, 2024, our Board of Directors authorized an expansion of the share repurchase plan. Under this expansion, an additional $ 100 million of our Class A common stock may be repurchased in open market transactions through August 25, 2025.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 8. Stock-Based Compensation Employee Equity Plans We currently have two employee equity plans that have been adopted by our Board of Directors. These plans, the 2015 Equity Incentive Plan (as amended or otherwise modified, the "2015 Plan") and the 2015 Employee Stock Purchase Plan (the "2015 ESPP"), are described in more detail in Item 8. Financial Statements and Supplementary Data in our Form 10-K for the year ended January 31, 2024 . On July 2, 2024, our stockholders approved the amended and restated 2015 Plan. Subject to the adjustment provisions, the maximum number of shares that may be issued under the 2015 Plan is (a) 9,000,000 shares of our Class A common stock, plus (b) any shares subject to awards granted under our 2011 Equity Incentive Plan, as amended, and the 2015 Plan that were outstanding on or prior to the approval of the amended and restated 2015 Plan, and that subsequently expire, are forfeited to or repurchased, or otherwise terminate without having been exercised or issued in full, up to a maximum of 20,228,040 shares. As of July 31, 2024 , 9,046,889 shares and 3,298,894 shares were reserved for future issuance under the 2015 Plan and the 2015 ESPP, respectively. Stock Options The following table summarizes the stock option activity under the equity incentive plans and related information: Shares Subject to Options Outstanding Weighted- Weighted- Remaining Average Exercise Contractual Life Aggregate Shares Price (Years) Intrinsic Value (in thousands) Balance as of January 31, 2024 2,283,543 $ 17.69 2.93 $ 18,975 Options exercised ( 908,660 ) 18.86 Balance as of July 31, 2024 1,374,883 $ 16.92 2.55 $ 15,406 Exercisable as of July 31, 2024 1,374,883 $ 16.92 2.55 $ 15,406 Restricted Stock Units The following table summarizes the restricted stock unit activity under the equity incentive plans and related information: Number of Weighted- Restricted Average Stock Units Grant Date Outstanding Fair Value Unvested balance - January 31, 2024 14,079,595 $ 26.17 Granted 7,443,178 27.76 Vested ( 3,931,365 ) 25.83 Forfeited/cancelled ( 949,362 ) 26.81 Unvested balance - July 31, 2024 16,642,046 $ 26.93 As of July 31, 2024 , there was $ 417.1 million of unrecognized stock-based compensation expense related to outstanding restricted stock units granted to employees that is expected to be recognized over a weighted-average period of 2.69 years. Performance-Based Restricted Stock Units We use performance-based incentives for certain employees, including our named executive officers, to achieve our annual financial and operational objectives, while making progress towards our longer-term strategic and growth goals. Based on a review of our actual achievement of the pre-established corporate financial objectives and additional inputs from our Compensation Committee, the executive bonus plan for fiscal year 2024 was determined, settled and paid out in the first quarter of fiscal year 2025 in the form of cash and fully vested restricted stock units. During the first quarter of fiscal year 2025, our Compensation Committee also adopted and approved the performance criteria and targets for the executive bonus plan for fiscal year 2025, which is expected to be paid out in the form of cash and fully vested restricted stock units in the first quarter of fiscal year 2026. During the six months ended July 31, 2024, we recognized stock-based compensation expense related to executive bonus plans in the amount of $ 7.2 million. The unrecognized compensation expense related to the ungranted and unvested executive bonus plan for fiscal year 2025 is $ 9.4 million, based on the expected performance against the pre-established corporate financial objectives as of July 31, 2024, which is expected to be recognized over a remaining weighted-average period of less than one year. 2015 ESPP As of July 31, 2024 , there was $ 9.1 million of unrecognized stock-based compensation expense related to the 2015 ESPP that is expected to be recognized over a weighted-average period of 1.08 years. Stock-Based Compensation The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended July 31, July 31, 2024 2023 2024 2023 Cost of revenue $ 4,731 $ 5,230 $ 9,352 $ 9,715 Research and development 19,676 18,722 37,495 35,724 Sales and marketing 19,173 17,546 36,956 32,864 General and administrative 11,531 11,848 22,470 22,320 Total stock-based compensation $ 55,111 $ 53,346 $ 106,273 $ 100,623

Net Income per Share Attributab

Net Income per Share Attributable to Common Stockholders	6 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Net Income per Share Attributable to Common Stockholders	Note 9. Net Income per Share Attributable to Common Stockholders Basic net income per share is computed by dividing net income by the weighted-average number of common stocks outstanding for the period. Diluted net income per share is computed by giving effect to all potential weighted-average dilutive common stock, including stock options, restricted stock units, ESPP, and convertible senior notes. The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share amounts): Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Numerator: Net income $ 20,496 $ 10,791 $ 37,718 $ 19,141 Accretion and dividend on series A convertible preferred stock ( 4,310 ) ( 4,307 ) ( 8,550 ) ( 8,531 ) Undistributed earnings attributable to preferred stockholders ( 1,845 ) ( 740 ) ( 3,313 ) ( 1,209 ) Net income attributable to common stockholders, basic and diluted $ 14,341 $ 5,744 $ 25,855 $ 9,401 Denominator: Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic 144,070 144,248 144,678 144,490 Dilutive effect of awards issued under employee equity plans 2,098 4,366 2,395 4,307 Dilutive effect of shares related to the convertible senior notes 357 1,393 561 1,421 Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted 146,525 150,007 147,634 150,218 Net income per share attributable to common stockholders, basic $ 0.10 $ 0.04 $ 0.18 $ 0.07 Net income per share attributable to common stockholders, diluted $ 0.10 $ 0.04 $ 0.18 $ 0.06 The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share for the periods presented because the impact of including them would have been antidilutive (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Options to purchase common stock 25 7 25 7 Restricted stock units 7,303 80 5,453 56 Employee stock purchase plan 1,638 1,977 1,242 1,508 Shares related to convertible preferred stock 18,541 18,587 18,540 18,586 Total 27,507 20,651 25,260 20,157

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 10. Income Taxes The provision for income taxes was $ 4.5 million and $ 9.1 million for the three and six months ended July 31, 2024, respectively, and $ 2.4 million and $ 4.7 million for the three and six months ended 2023, respectively. Our income taxes for the three and six months ended July 31, 2024 and 2023 were primarily due to state income taxes and foreign income taxes. For the three and six months ended July 31, 2024, the difference between the U.S. statutory rate and our effective tax rate was primarily due to the valuation allowance on our U.S. deferred tax assets, state income taxes, driven by the capitalization of research and development expenditures, and differing foreign tax rates. For the three and six months ended July 31, 2023, the difference between the U.S. statutory rate and our effective tax rate was primarily due to the valuation allowance on our U.S. and U.K. deferred tax assets, state income taxes, driven by the capitalization of research and development expenditures, and differing foreign tax rates. We evaluate tax positions for recognition using a more-likely-than-not recognition threshold, and those tax positions eligible for recognition are measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon the effective settlement with a taxing authority that has full knowledge of all relevant information. We believe that we have provided adequate reserves for our income tax uncertainties in all open tax years. We file tax returns in the U.S. for federal, California, and other states. All tax years remain open to examination for both federal and state purposes as a result of our net operating loss and credit carryforwards. We file tax returns in the United Kingdom (U.K.) and other foreign jurisdictions in which we operate. Tax years ending on January 31, 2020 and onwards remain open to examination for the U.K. Certain tax years remain open to examination under the statute of limitations of the respective countries in which our other foreign subsidiaries are located.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements, which include the accounts of Box and its wholly owned subsidiaries, have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) and applicable rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all of the financial information and footnotes required by GAAP for complete financial statements. In the opinion of our management, the unaudited condensed consolidated financial statements include all adjustments necessary for the fair presentation of our balance sheets, statements of operations, statements of comprehensive income, statements of convertible preferred stock and stockholders' deficit, and the statements of cash flows for the interim periods, but are not necessarily indicative of the results to be expected for any subsequent quarter or for the year ending January 31, 2025. The unaudited 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, 2024, which was filed with the SEC on March 11, 2024. Certain prior period amounts reported in our condensed consolidated financial statements have been reclassified to conform to the current year presentation. Such reclassifications did not affect revenue, income from operations, or net income.
Use of Estimates	Use of Estimates T he preparation of consolidated financial statements in conformity with GAAP requires management to make, on an ongoing basis, estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ from these estimates. Such estimates include, but are not limited to, the fair value of acquired intangible assets, the useful lives of intangible assets, the incremental borrowing rate we use to determine our lease liabilities, and the valuation allowance of deferred income tax assets. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.
Certain Risks and Concentrations	Certain Risks and Concentrations Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, short-term investments, and accounts receivable. Although we deposit our cash with multiple financial institutions, our deposits, at times, may exceed deposit insurance coverage limits. We sell to a broad range of customers. Our revenue is derived primarily from the United States across a multitude of industries. Accounts receivable are derived from the delivery of our services to customers primarily located in the United States. We accept and settle our accounts receivable using credit cards, electronic payments and checks. A majority of our lower dollar value invoices are settled by credit card on or near the date of the invoice. We do not require collateral from customers to secure accounts receivable. We believe collections of our accounts receivable are probable based on the size, industry diversification, financial condition and past transaction history of our customers. As of July 31, 2024 and January 31, 2024 , no single customer accounted for more than 10 % of total accounts receivable. No single customer represented over 10 % of our revenue for the three and six months ended July 31, 2024 and 2023. We serve our customers and users from public cloud hosting operated by third parties. In order to reduce the risk of down time of our subscription services, we have public cloud hosting services established in various locations in the United States and abroad and we have internal procedures to restore services in the event of disaster. Even with these procedures for disaster recovery in place, our cloud services could be significantly interrupted during the implementation of the procedures to restore services. Geographic Locations For the three and six months ended July 31, 2024 , revenue attributable to customers in the United States was 65 % and revenue attributable to customers in Japan was 22 %. For the three and six months ended July 31, 2023 , revenue attributable to customers in the United States was 66 % and 67 %, respectively and revenue attributable to customers in Japan was 21 %. As of July 31, 2024 and January 31, 2024 , substantially all of our property and equipment was located in the United States.
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Derivative Instruments and Hedging We measure derivative instruments at fair value and recognize them as either assets or liabilities on our condensed consolidated balance sheets. We record changes in fair value of derivative instruments designated as cash flow hedges in other comprehensive income (loss). When the hedged transaction affects earnings, we subsequently reclassify the net derivative gain or loss within other comprehensive income (loss) into the same line as the hedged item on the condensed consolidated statements of operations to offset the changes in the hedged transaction. Derivatives not designated as hedging instruments are adjusted to fair value through interest and other income, net, on our condensed consolidated statements of operations in the period during which changes in fair value occur. There have been no other material changes to our significant accounting policies and estimates during the six months ended July 31, 2024 from those disclosed in our Form 10-K for the year ended January 31, 2024 . Additionally, we have a single reporting segment and all required segment information can be found in the condensed consolidated financial statements.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted and Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires disclosure of incremental segment information on an annual and interim basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impact of the new standard on our condensed consolidated financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , which requires greater disaggregation of tax information in rate reconciliation and income taxes paid by jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024. We are currently evaluating the impact of the new standard on our condensed consolidated financial statement disclosures.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Estimated Fair Value of Cash Equivalents and Short-term Investments	Financial assets subject to the fair value disclosure requirements are included in the table below. All of our financial assets are classified as Level 1. The estimated fair value of cash equivalents and short-term investments were as follows (in thousands): July 31, January 31, 2024 2024 Cash equivalents: Money market funds $ 84,437 $ 189,268 Total cash equivalents 84,437 189,268 Short-term investments: U.S. treasury securities 75,605 61,484 Non-U.S. government issued securities — 5,464 Total short-term investments (1) 75,605 66,948 Total cash equivalents and short-term investments (1) $ 160,042 $ 256,216 (1) As of January 31, 2024 , we had a certificate of deposit for a total of $ 30.0 million with an original maturity of more than three months and less than twelve months that is classified as a short-term investment in our condensed consolidated balance sheet. This certificate of deposit is not included in the table above as it does not meet the definition of a security.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Summary of Components of Lease Cost	The components of lease cost, which were included in operating expenses in our condensed consolidated statements of operations, were as follows (in thousands): Three Months Ended Six Months Ended July 31, July 31, 2024 2023 2024 2023 Finance lease cost: Amortization of finance lease right-of-use assets $ — $ 5,287 $ 374 $ 11,815 Interest on finance lease liabilities — 271 12 627 Operating lease cost, gross 6,498 12,218 16,606 25,393 Variable lease cost, gross 1,528 2,344 3,618 4,654 Sublease income ( 1,516 ) ( 1,704 ) ( 2,935 ) ( 3,373 ) Total lease cost $ 6,510 $ 18,416 $ 17,675 $ 39,116
Summary of Maturities of Operating and Finance Lease Liabilities	As of July 31, 2024, maturities of our operating lease liabilities, which do not include short-term leases and variable lease payments, are as follows (in thousands): Years ending January 31: Operating Leases (1) Remainder of 2025 $ 15,863 2026 30,374 2027 28,825 2028 25,179 2029 12,092 Thereafter 10,897 Total lease payments $ 123,230 Less: imputed interest $ ( 15,395 ) Present value of total lease liabilities $ 107,835 (1) Non-cancellable sublease proceeds for the remainder of the year ending January 31, 2025 and the year ending January 31, 2026 of $ 2.4 million and $ 1.0 million, respectively, are not included in the table above.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Payments under Non-cancellable Contractual Purchases	As of July 31, 2024, future minimum payments under non-cancellable contractual purchases, which were not recognized on our condensed consolidated balance sheet, are as follows, shown in accordance with the payment due date (in thousands): Years ending January 31: Remainder of 2025 $ 1,945 2026 17,477 2027 265,752 2028 511 2029 355 Total $ 286,040

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Schedule of Net Carrying Amounts of Liability and Equity Component of Convertible Notes	The net carrying amount of the Convertible Notes consisted of the following (in thousands): July 31, January 31, 2024 2024 Principal $ 345,000 $ 345,000 Unamortized issuance costs ( 2,796 ) ( 3,750 ) Net carrying amount $ 342,204 $ 341,250

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity Under Equity Incentive Plans and Related Information	The following table summarizes the stock option activity under the equity incentive plans and related information: Shares Subject to Options Outstanding Weighted- Weighted- Remaining Average Exercise Contractual Life Aggregate Shares Price (Years) Intrinsic Value (in thousands) Balance as of January 31, 2024 2,283,543 $ 17.69 2.93 $ 18,975 Options exercised ( 908,660 ) 18.86 Balance as of July 31, 2024 1,374,883 $ 16.92 2.55 $ 15,406 Exercisable as of July 31, 2024 1,374,883 $ 16.92 2.55 $ 15,406
Summary of Restricted Stock Unit Activity Under Equity Incentive Plans and Related Information	The following table summarizes the restricted stock unit activity under the equity incentive plans and related information: Number of Weighted- Restricted Average Stock Units Grant Date Outstanding Fair Value Unvested balance - January 31, 2024 14,079,595 $ 26.17 Granted 7,443,178 27.76 Vested ( 3,931,365 ) 25.83 Forfeited/cancelled ( 949,362 ) 26.81 Unvested balance - July 31, 2024 16,642,046 $ 26.93
Summary of Components of Stock-Based Compensation Expense	The following table summarizes the components of stock-based compensation expense recognized in the condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended July 31, July 31, 2024 2023 2024 2023 Cost of revenue $ 4,731 $ 5,230 $ 9,352 $ 9,715 Research and development 19,676 18,722 37,495 35,724 Sales and marketing 19,173 17,546 36,956 32,864 General and administrative 11,531 11,848 22,470 22,320 Total stock-based compensation $ 55,111 $ 53,346 $ 106,273 $ 100,623

Net Income per Share Attribut_2

Net Income per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders	The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except per share amounts): Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Numerator: Net income $ 20,496 $ 10,791 $ 37,718 $ 19,141 Accretion and dividend on series A convertible preferred stock ( 4,310 ) ( 4,307 ) ( 8,550 ) ( 8,531 ) Undistributed earnings attributable to preferred stockholders ( 1,845 ) ( 740 ) ( 3,313 ) ( 1,209 ) Net income attributable to common stockholders, basic and diluted $ 14,341 $ 5,744 $ 25,855 $ 9,401 Denominator: Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic 144,070 144,248 144,678 144,490 Dilutive effect of awards issued under employee equity plans 2,098 4,366 2,395 4,307 Dilutive effect of shares related to the convertible senior notes 357 1,393 561 1,421 Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted 146,525 150,007 147,634 150,218 Net income per share attributable to common stockholders, basic $ 0.10 $ 0.04 $ 0.18 $ 0.07 Net income per share attributable to common stockholders, diluted $ 0.10 $ 0.04 $ 0.18 $ 0.06
Summary of Weighted Average Outstanding Shares Excluded from Computation of Diluted Net Income per Share	The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share for the periods presented because the impact of including them would have been antidilutive (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2024 2023 2024 2023 Options to purchase common stock 25 7 25 7 Restricted stock units 7,303 80 5,453 56 Employee stock purchase plan 1,638 1,977 1,242 1,508 Shares related to convertible preferred stock 18,541 18,587 18,540 18,586 Total 27,507 20,651 25,260 20,157

Description of Business and B_3

Description of Business and Basis of Presentation - Additional Information (Details) - Segment	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Jan. 31, 2024
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of reporting segment			1
Credit Concentration Risk | Accounts Receivable
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of major customers			no		no
Credit Concentration Risk | Accounts Receivable | Significant Customer
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage			10%		10%
Customer Concentration Risk | Revenue
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of major customers	No		No
Customer Concentration Risk | Revenue | Significant Customer
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	10%	10%	10%	10%
Geographic Concentration Risk | Revenue | United States
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	65%	66%	65%	67%
Geographic Concentration Risk | Revenue | Japan
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Concentration risk percentage	22%	21%	22%	21%

Revenues - Additional Informati

Revenues - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Jan. 31, 2024
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 502.1		$ 502.1		$ 586.9
Deferred revenue, revenue recognized out of beginning balance	222.5	$ 219.1	397.5	$ 379.8
Remaining performance obligation, revenue expected to be recognized	$ 1,300		$ 1,300
Revenue remaining performance obligation, percentage	57%		57%

Revenues - Additional Informa_2

Revenues - Additional Information (Details 1)	Jul. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	24 months

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Estimated Fair Value of Cash Equivalents and Short-term Investments (Details) - USD ($) $ in Thousands		Jul. 31, 2024	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, Estimated Fair Value		$ 84,437	$ 189,268
Short-term investments, Estimated Fair Value	[1]	75,605	66,948
Total cash equivalents and short term investments, Estimated Fair Value	[1]	160,042	256,216
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents, Estimated Fair Value		84,437	189,268
U.S. Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, Estimated Fair Value		$ 75,605	61,484
Non-U.S. government issued securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments, Estimated Fair Value			$ 5,464
[1] As of January 31, 2024 , we had a certificate of deposit for a total of $ 30.0 million with an original maturity of more than three months and less than twelve months that is classified as a short-term investment in our condensed consolidated balance sheet. This certificate of deposit is not included in the table above as it does not meet the definition of a security.

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Summary of Estimated Fair Value of Cash Equivalents and Short-term Investments (Parenthetical) (Details) $ in Millions	Jan. 31, 2024 USD ($)
Fair Value Disclosures [Abstract]
Certificates of deposit	$ 30

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jan. 31, 2021	Jul. 31, 2024	Jul. 31, 2024	Jan. 31, 2024
Derivative [Line Items]
Certificates of deposit					$ 30,000,000
Foreign Currency Forward Contracts | Not Designated as Hedging Instruments
Derivative [Line Items]
Derivative, notional amount			$ 72,000,000	$ 72,000,000
Gross fair value of derivative			0	0
Recognized gains (losses) of derivative			0	0	0
0.00% Convertible Notes Due 2026 | Senior Notes
Derivative [Line Items]
Debt instrument interest rate stated percentage		0%
Debt instrument maturity date		Jan. 15, 2026
Aggregate principal amount		$ 345,000,000
0.00% Convertible Notes Due 2026 | Senior Notes | Level 2
Derivative [Line Items]
Convertible senior notes, fair value			407,500,000	407,500,000	392,100,000
June 2023 Facility | Secured Debt | Wells Fargo Bank
Derivative [Line Items]
Debt instrument maturity date	Jun. 30, 2028
June 2023 Facility | Revolving Credit Facility | Secured Debt | Wells Fargo Bank
Derivative [Line Items]
Line of credit facility, maximum borrowing capacity	$ 150,000,000
Total debt outstanding with carrying amount			$ 30,000,000	$ 30,000,000	$ 30,000,000

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jul. 31, 2024 USD ($) Lease	Jan. 31, 2024 USD ($)
Lessee Lease Description [Line Items]
Finance lease agreements term	4 years
Sublease expiration year	2026
Operating lease not yet commenced, description	As of July 31, 2024, we had one operating lease for an office space that has not yet commenced.
Operating leases, not yet commenced | Lease	1
Undiscounted future payments	$ 20,000,000
Operating lease term	9 years
Finance Lease, Liability		$ 0
Minimum
Lessee Lease Description [Line Items]
Operating lease expiration year	2026
Total lease term of sublease arrangement	13 months
Maximum
Lessee Lease Description [Line Items]
Operating lease expiration year	2034
Total lease term of sublease arrangement	48 months

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost Included In Operating Expenses in Condensed Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Finance lease cost:
Amortization of finance lease right-of-use assets		$ 5,287	$ 374	$ 11,815
Interest on finance lease liabilities		271	12	627
Operating lease cost, gross	$ 6,498	12,218	16,606	25,393
Variable lease cost, gross	1,528	2,344	3,618	4,654
Sublease income	(1,516)	(1,704)	(2,935)	(3,373)
Total lease cost	$ 6,510	$ 18,416	$ 17,675	$ 39,116

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating and Finance Lease Liabilities (Details) $ in Thousands	Jul. 31, 2024 USD ($)	[1]
Leases [Abstract]
Operating Leases, Remainder of 2025	$ 15,863
Operating Leases, 2026	30,374
Operating Leases, 2027	28,825
Operating Leases, 2028	25,179
Operating Leases, 2029	12,092
Operating Leases, Thereafter	10,897
Operating Leases, Total lease payments	123,230
Less: Operating Leases imputed interest	(15,395)
Operating Leases, Present value of total lease liabilities	$ 107,835
[1] Non-cancellable sublease proceeds for the remainder of the year ending January 31, 2025 and the year ending January 31, 2026 of $ 2.4 million and $ 1.0 million, respectively, are not included in the table above.

Leases - Summary of Maturitie_2

Leases - Summary of Maturities of Operating and Finance Lease Liabilities (Parenthetical) (Details) $ in Millions	Jul. 31, 2024 USD ($)
Leases [Abstract]
Non-cancellable sublease proceeds for the remainder of the year ending January 31, 2025	$ 2.4
Non-cancellable sublease proceeds for the year ending January 31, 2026	$ 1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2024	Jan. 31, 2024
Minimum
Commitments And Contingencies [Line Items]
Purchase obligation term	2 years
Maximum
Commitments And Contingencies [Line Items]
Purchase obligation term	8 years
June 2023 Facility | Wells Fargo Bank | Secured Debt | Letters of Credit
Commitments And Contingencies [Line Items]
Letters of credit facility	$ 11.2	$ 11.4

Commitments and Contingencies_2

Commitments and Contingencies - Future Minimum Payments under Non-cancellable Contractual Purchases (Details) $ in Thousands	Jul. 31, 2024 USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
Remainder of 2025	$ 1,945
2026	17,477
2027	265,752
2028	511
2029	355
Purchase Obligations	$ 286,040

Debt - Additional Information (

Debt - Additional Information (Details)		1 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2023 USD ($)	Jul. 31, 2024 USD ($) $ / shares shares	Jan. 31, 2021 USD ($)	Jan. 31, 2024 USD ($)
Convertible Senior Notes | 0.00% Convertible Senior Notes Due January 15, 2026
Debt Instrument [Line Items]
Aggregate principal amount			$ 345,000,000	$ 345,000,000	$ 345,000,000
Debt instrument interest rate stated percentage				0%
Debt instrument due date				Jan. 15, 2026
Principal amount of notes used in conversion rate	$ 1,000
Initial conversion rate per $1,000 principal amount of notes | shares	38.7962
Initial conversion price per share of common stock | $ / shares	$ 25.78
Debt instrument, effective interest rate			0.56%
Strike price | $ / shares			25.8
Initial cap prices | $ / shares			35.58
Common stock shares covered under capped call transactions | shares			13,400,000
Cost of purchased capped calls			$ 27,800,000
Total debt outstanding with net carrying amount			342,204,000		$ 341,250,000
Secured Debt | June 2023 Facility | Wells Fargo Bank
Debt Instrument [Line Items]
Debt instrument due date		Jun. 30, 2028
Secured Debt | June 2023 Facility | Wells Fargo Bank | Minimum
Debt Instrument [Line Items]
Aggregate principal amount		$ 100,000,000
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		150,000,000
Total debt outstanding with net carrying amount			$ 29,600,000
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Adjusted Term SOFR | Minimum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			1.35%
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Adjusted Term SOFR | Maximum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			1.85%
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Daily Simple SOFR | Minimum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			1.35%
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Daily Simple SOFR | Maximum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			1.85%
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Prime Rate | Minimum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			0.35%
Secured Debt | June 2023 Facility | Revolving Credit Facility | Wells Fargo Bank | Prime Rate | Maximum
Debt Instrument [Line Items]
Line of credit facility, floating interest rate			0.85%
Secured Debt | June 2023 Facility | Letters of Credit | Wells Fargo Bank
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity sublimit		$ 45,000,000
Secured Debt | June 2023 Facility | Debt Instrument, Convertible, Terms of Conversion Feature, Circumstances One | Wells Fargo Bank
Debt Instrument [Line Items]
Debt instrument due date		Oct. 16, 2025
Secured Debt | June 2023 Facility | Debt Instrument, Convertible, Terms of Conversion Feature, Circumstances Two | Wells Fargo Bank
Debt Instrument [Line Items]
Debt instrument due date		Feb. 11, 2028

Debt - Schedule of Net Carrying

Debt - Schedule of Net Carrying Amounts of Liability Component of Convertible Notes (Details) - 0.00% Convertible Senior Notes Due January 15, 2026 - Convertible Senior Notes - USD ($)	Jul. 31, 2024	Jan. 31, 2024	Jan. 31, 2021
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 345,000,000	$ 345,000,000	$ 345,000,000
Unamortized issuance costs	(2,796,000)	(3,750,000)
Net carrying amount	$ 342,204,000	$ 341,250,000

Redeemable Convertible Prefer_2

Redeemable Convertible Preferred Stock and Stockholders Deficit - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
	Apr. 07, 2021	Jul. 31, 2024	Jul. 31, 2024	Aug. 25, 2024
Series A Convertible Preferred Stock
Class Of Stock [Line Items]
Cash dividends paid			$ 7.5
Accrued divided			1.3
Series A Convertible Preferred Stock | KKR
Class Of Stock [Line Items]
Issuance and sale, number of shares	500,000
Shares issued, par value	$ 0.0001
Aggregate purchase price	$ 500
Sale price per share	$ 1,000
Class A Common Stock | Share Repurchase Plan
Class Of Stock [Line Items]
Remaining authorized purchase amount		$ 24.6	$ 24.6
Shares repurchased during period		3,900,000	5,300,000
Purchase price per share		$ 26.25	$ 26.48
Shares repurchased amount		$ 101.9	$ 139.1
Class A Common Stock | Share Repurchase Plan | Subsequent Event
Class Of Stock [Line Items]
Authorized purchase amount				$ 100

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 02, 2024 shares	Jul. 31, 2024 USD ($) Plan shares	Jul. 31, 2023 USD ($)	Jul. 31, 2024 USD ($) Plan shares	Jul. 31, 2023 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of employee equity plans | Plan		2		2
Share-based compensation expense		$ 55,111	$ 53,346	$ 106,273	$ 100,623
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Remaining weighted-average period				2 years 8 months 8 days
Unrecognized stock-based compensation expense		$ 417,100		$ 417,100
2015 Equity Incentive Plan | Class A Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares common stock reserved for issuance | shares		9,046,889		9,046,889
2015 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Remaining weighted-average period				1 year 29 days
Unrecognized stock-based compensation expense		$ 9,100		$ 9,100
2015 Employee Stock Purchase Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of additional shares to be issued | shares	20,228,040
2015 Employee Stock Purchase Plan | Class A Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares common stock reserved for issuance | shares		3,298,894		3,298,894
Number of shares to be issued | shares	9,000,000
Executive Bonus Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense				$ 7,200
Fiscal 2024 Executive Bonus Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock-based compensation expense		$ 9,400		$ 9,400

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity Under Equity Incentive Plans and Related Information (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2024	Jan. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Shares Subject to Options Outstanding, Beginning balance	2,283,543
Shares Subject to Options Outstanding, Options exercised	(908,660)
Shares Subject to Options Outstanding, Ending balance	1,374,883	2,283,543
Shares Subject to Options Outstanding, Exercisable	1,374,883
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-Average Exercise Price, Beginning Balance	$ 17.69
Weighted-Average Exercise Price, Options exercised	18.86
Weighted-Average Exercise Price, Ending Balance	16.92	$ 17.69
Weighted-Average Exercise Price, Exercisable	$ 16.92
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Remaining Contractual Life (Years)	2 years 6 months 18 days	2 years 11 months 4 days
Weighted-Average Remaining Contractual Life (Years), Exercisable	2 years 6 months 18 days
Aggregate Intrinsic Value, Balance	$ 15,406	$ 18,975
Aggregate Intrinsic Value, Exercisable	$ 15,406

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Unit and Awards Activity Under Equity Incentive Plans and Related Information (Details) - Restricted Stock Units	6 Months Ended
	Jul. 31, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Restricted Stock Units Outstanding, Unvested Beginning Balance | shares	14,079,595
Number of Restricted Stock Units, Granted | shares	7,443,178
Number of Restricted Stock Units, Vested | shares	(3,931,365)
Number of Restricted Stock Units, Forfeited/cancelled | shares	(949,362)
Number of Restricted Stock Units Outstanding, Unvested Ending Balance | shares	16,642,046
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-Average Grant Date Fair Value, Unvested Beginning Balance | $ / shares	$ 26.17
Weighted-Average Grant Date Fair Value, Granted | $ / shares	27.76
Weighted -Average Grant Date Fair Value, Vested | $ / shares	25.83
Weighted-Average Grant Date Fair Value, Forfeited/cancelled | $ / shares	26.81
Weighted-Average Grant Date Fair Value, Unvested Ending Balance | $ / shares	$ 26.93

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Components of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 55,111	$ 53,346	$ 106,273	$ 100,623
Cost of Revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	4,731	5,230	9,352	9,715
Research and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	19,676	18,722	37,495	35,724
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	19,173	17,546	36,956	32,864
General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 11,531	$ 11,848	$ 22,470	$ 22,320

Net Income per Share Attribut_3

Net Income per Share Attributable to Common Stockholders - Summary of Computation of Basic and Diluted Net Income Per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Numerator:
Net income	$ 20,496	$ 10,791	$ 37,718	$ 19,141
Accretion and dividend on series A convertible preferred stock	(4,310)	(4,307)	(8,550)	(8,531)
Undistributed earnings attributable to preferred stockholders	(1,845)	(740)	(3,313)	(1,209)
Net income attributable to common stockholders	14,341	5,744	25,855	9,401
Net income attributable to common stockholders, diluted	$ 14,341	$ 5,744	$ 25,855	$ 9,401
Denominator:
Weighted-average number of shares used to compute net income per share attributable to common stockholders, basic	144,070	144,248	144,678	144,490
Dilutive effect of awards issued under employee equity plans	2,098	4,366	2,395	4,307
Dilutive effect of shares related to the convertible senior notes	357	1,393	561	1,421
Weighted-average number of shares used to compute net income per share attributable to common stockholders, diluted	146,525	150,007	147,634	150,218
Net income per share attributable to common stockholders, basic	$ 0.1	$ 0.04	$ 0.18	$ 0.07
Net income per share attributable to common stockholders, diluted	$ 0.1	$ 0.04	$ 0.18	$ 0.06

Net Income per Share Attribut_4

Net Income per Share Attributable to Common Stockholders - Summary of Weighted Average Outstanding Shares Excluded from Computation of Diluted Net Income per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	27,507	20,651	25,260	20,157
Employee stock purchase plan
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,638	1,977	1,242	1,508
Shares related to convertible preferred stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	18,541	18,587	18,540	18,586
Options to purchase common stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	25	7	25	7
Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,303	80	5,453	56

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Tax Disclosure [Line Items]
Provision for income taxes	$ 4,483	$ 2,377	$ 9,126	$ 4,680
UK
Income Tax Disclosure [Line Items]
Open tax year			2020