Zuora (ZUO) 10-Q 29 Aug 24 2025 Q2 Quarterly report Financial data

Cover Page

Cover Page shares in Millions	6 Months Ended
	Jul. 31, 2024 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2024
Document Transition Report	false
Entity File Number	001-38451
Entity Registrant Name	Zuora, Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5530976
Entity Address, Address Line One	101 Redwood Shores Parkway
Entity Address, City or Town	Redwood City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94065
City Area Code	888
Local Phone Number	976-9056
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	ZUO
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 Central Index Key	0001423774
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	143
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	8.5

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 237,041	$ 256,065
Short-term investments	306,430	258,120
Accounts receivable, net of allowance for credit losses of $1,797 and $2,142 as of July 31, 2024 and January 31, 2024, respectively	93,315	124,602
Deferred commissions, current portion	15,953	15,870
Prepaid expenses and other current assets	25,862	23,261
Total current assets	678,601	677,918
Property and equipment, net	26,882	25,961
Operating lease right-of-use assets	21,783	22,462
Purchased intangibles, net	21,590	10,082
Deferred commissions, net of current portion	25,421	27,250
Goodwill	69,739	56,657
Other assets	5,172	3,506
Total assets	849,188	823,836
Current liabilities:
Accounts payable	773	3,161
Accrued expenses and other current liabilities	21,621	32,157
Accrued employee liabilities	30,427	37,722
Deferred revenue, current portion	185,183	199,615
Operating lease liabilities, current portion	6,710	6,760
Total current liabilities	244,714	279,415
Long-term debt	365,300	359,525
Deferred revenue, net of current portion	1,454	2,802
Operating lease liabilities, net of current portion	34,508	37,100
Deferred tax liabilities	3,726	3,725
Other long-term liabilities	7,439	7,582
Total liabilities	657,141	690,149
Commitments and contingencies (Note 14)
Stockholders’ equity:
Additional paid-in capital	1,043,691	964,141
Accumulated other comprehensive loss	(1,120)	(859)
Accumulated deficit	(850,539)	(829,610)
Total stockholders’ equity	192,047	133,687
Total liabilities and stockholders’ equity	849,188	823,836
Class A common stock
Stockholders’ equity:
Common stock	14	14
Class B common stock
Stockholders’ equity:
Common stock	$ 1	$ 1

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 1,797	$ 2,142

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Revenue:
Total revenue	$ 115,396	$ 108,048	$ 225,165	$ 211,143
Cost of revenue:
Total cost of revenue	37,292	37,781	72,353	75,127
Gross profit	78,104	70,267	152,812	136,016
Operating expenses:
Research and development	26,454	26,256	50,020	51,924
Sales and marketing	36,137	42,799	71,982	84,243
General and administrative	25,202	19,451	44,471	38,267
Total operating expenses	87,793	88,506	166,473	174,434
Loss from operations	(9,689)	(18,239)	(13,661)	(38,418)
Change in fair value of debt conversion and warrant liabilities	(1,013)	(4,786)	(8,941)	(4,756)
Interest expense	(6,965)	(4,607)	(13,736)	(8,994)
Interest and other income (expense), net	8,168	5,657	13,483	11,367
Loss before income taxes	(9,499)	(21,975)	(22,855)	(40,801)
Income tax (benefit) provision	(2,278)	587	(1,926)	1,056
Net loss	(7,221)	(22,562)	(20,929)	(41,857)
Comprehensive loss:
Foreign currency translation adjustment	171	(404)	(76)	(687)
Unrealized gain (loss) on available-for-sale securities	302	172	(185)	512
Comprehensive loss	$ (6,748)	$ (22,794)	$ (21,190)	$ (42,032)
Net loss per share, basic (in dollars per share)	$ (0.05)	$ (0.16)	$ (0.14)	$ (0.30)
Net loss per share, diluted (in dollars per share)	$ (0.05)	$ (0.16)	$ (0.14)	$ (0.30)
Weighted-average shares outstanding used in calculating net loss per share, basic (in shares)	149,377	138,605	148,038	137,417
Weighted-average shares outstanding used in calculating net loss per share, diluted (in shares)	149,377	138,605	148,038	137,417
Subscription
Revenue:
Total revenue	$ 104,051	$ 95,473	$ 203,010	$ 185,184
Cost of revenue:
Total cost of revenue	22,564	21,338	43,253	41,926
Professional services
Revenue:
Total revenue	11,345	12,575	22,155	25,959
Cost of revenue:
Total cost of revenue	$ 14,728	$ 16,443	$ 29,100	$ 33,201

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Class A common stock	Class A common stock Common Stock	Class B common stock	Class B common stock Common Stock
Beginning balance (in shares) at Jan. 31, 2023						127,384		8,121
Beginning balance at Jan. 31, 2023	$ 97,160	$ 859,482	$ (919)	$ (761,417)		$ 13		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of Class B common stock to Class A common stock (in shares)						203		(203)
Issuance of common stock upon exercise of stock options (in shares)								201
Issuance of common stock upon exercise of stock options	962	962
RSU releases (in shares)						3,950
Issuance of common stock under the ESPP (in shares)						911
Issuance of common stock under the ESPP	4,765	4,765
Stock-based compensation	51,872	51,872
Other comprehensive income (loss)	(175)		(175)
Net loss	(41,857)			(41,857)
Ending balance (in shares) at Jul. 31, 2023						132,448		8,119
Ending balance at Jul. 31, 2023	112,727	917,081	(1,094)	(803,274)		$ 13		$ 1
Beginning balance (in shares) at Apr. 30, 2023						129,123		8,121
Beginning balance at Apr. 30, 2023	103,683	885,243	(862)	(780,712)		$ 13		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of Class B common stock to Class A common stock (in shares)						107		(107)
Issuance of common stock upon exercise of stock options (in shares)								105
Issuance of common stock upon exercise of stock options	425	425
RSU releases (in shares)						2,307
Issuance of common stock under the ESPP (in shares)						911
Issuance of common stock under the ESPP	4,765	4,765
Stock-based compensation	26,648	26,648
Other comprehensive income (loss)	(232)		(232)
Net loss	(22,562)			(22,562)
Ending balance (in shares) at Jul. 31, 2023						132,448		8,119
Ending balance at Jul. 31, 2023	112,727	917,081	(1,094)	(803,274)		$ 13		$ 1
Beginning balance (in shares) at Jan. 31, 2024						137,792		8,240
Beginning balance at Jan. 31, 2024	$ 133,687	964,141	(859)	(829,610)		$ 14		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of Class B common stock to Class A common stock (in shares)						760		(760)
Issuance of common stock upon exercise of stock options (in shares)	991							991
Issuance of common stock upon exercise of stock options	$ 3,120	3,120
RSU releases (in shares)						3,614
Issuance of common stock under the ESPP (in shares)						840
Issuance of common stock under the ESPP	4,481	4,481
Stock-based compensation	44,169	44,169
Reclassification of debt conversion and warrant liabilities to equity	27,780	27,780
Other comprehensive income (loss)	(261)		(261)
Net loss	(20,929)			(20,929)
Ending balance (in shares) at Jul. 31, 2024					143,000	143,006	8,500	8,471
Ending balance at Jul. 31, 2024	192,047	1,043,691	(1,120)	(850,539)		$ 14		$ 1
Beginning balance (in shares) at Apr. 30, 2024						139,747		8,355
Beginning balance at Apr. 30, 2024	139,298	984,194	(1,593)	(843,318)		$ 14		$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of Class B common stock to Class A common stock (in shares)						367		(367)
Issuance of common stock upon exercise of stock options (in shares)								483
Issuance of common stock upon exercise of stock options	1,528	1,528
RSU and PSU releases (in shares)						2,052
Issuance of common stock under the ESPP (in shares)						840
Issuance of common stock under the ESPP	4,481	4,481
Stock-based compensation	25,708	25,708
Reclassification of debt conversion and warrant liabilities to equity	27,780	27,780
Other comprehensive income (loss)	473		473
Net loss	(7,221)			(7,221)
Ending balance (in shares) at Jul. 31, 2024					143,000	143,006	8,500	8,471
Ending balance at Jul. 31, 2024	$ 192,047	$ 1,043,691	$ (1,120)	$ (850,539)		$ 14		$ 1

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash flows from operating activities:
Net loss	$ (20,929)	$ (41,857)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion	9,177	8,892
Stock-based compensation	44,169	51,872
Provision for credit losses	1,670	279
Amortization of deferred commissions	9,209	9,746
Reduction in carrying amount of right-of-use assets	2,278	3,116
Change in fair value of debt conversion and warrant liabilities	8,941	4,756
Other	(2,414)	186
Changes in operating assets and liabilities:
Accounts receivable	29,621	9,726
Prepaid expenses and other assets	(3,818)	(4,317)
Deferred commissions	(7,599)	(7,647)
Accounts payable	(2,407)	(63)
Accrued expenses and other liabilities	4,808	(5,102)
Accrued employee liabilities	(7,295)	(128)
Deferred revenue	(15,780)	(1,848)
Operating lease liabilities	(5,329)	(7,630)
Net cash provided by operating activities	44,302	19,981
Cash flows from investing activities:
Purchases of property and equipment	(5,922)	(3,838)
Purchases of short-term investments	(181,467)	(61,745)
Maturities of short-term investments	136,301	165,128
Cash paid for acquisition, net of cash acquired	(19,763)	(4,524)
Net cash (used in) provided by investing activities	(70,851)	95,021
Cash flows from financing activities:
Proceeds from issuance of common stock upon exercise of stock options	3,120	962
Proceeds from issuance of common stock under employee stock purchase plan	4,481	4,765
Net cash provided by financing activities	7,601	5,727
Effect of exchange rates on cash and cash equivalents	(76)	(687)
Net (decrease) increase in cash and cash equivalents	(19,024)	120,042
Cash and cash equivalents, beginning of period	256,065	203,239
Cash and cash equivalents, end of period	237,041	323,281
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment purchases accrued or in accounts payable	$ 22	$ 6

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Description of Business Zuora, Inc. was incorporated in the state of Delaware in 2006 and began operations in 2007. Zuora’s fiscal year ends on January 31. Zuora is headquartered in Redwood City, California. Zuora provides a leading monetization suite for a modern business, built to help companies launch and scale new services and operate dynamic, customer-centric business models, including subscription and usage-based models. Our technology solutions enable companies across multiple industries and geographies to build, run, and grow a modern business, automating the quote-to-revenue process, including offers, billing, collections, and revenue recognition. With Zuora’s solutions, businesses can change and evolve how they go to market through a mix of monetization models, efficiently comply with revenue recognition standards, analyze customer data to optimize their offerings, and build recurring relationships with their customers. On September 2, 2022, Zuora acquired Zephr, a leading subscription experience platform used by global digital publishing and media companies. Additional information regarding the Zephr acquisition is contained in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024, filed with the Securities and Exchange Commission (SEC) on March 26, 2024 (Annual Report on Form 10-K). On May 9, 2024, Zuora acquired Togai Inc., a privately held metering and rating solution company. We have included the financial results of Togai in our condensed consolidated financial statements from the date of acquisition. Refer to Note 19. Acquisition for further information. References to “Zuora”, “us”, “our”, or “we” in these notes refer to Zuora, Inc. and its subsidiaries on a consolidated basis. Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements, which include the accounts of Zuora and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States (GAAP) and applicable rules and regulations of the SEC regarding interim financial reporting. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2024 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of comprehensive loss, statements of cash flows and statements of stockholders' equity for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending January 31, 2025 or any future period. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024. Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements, as well as reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Our most significant estimates and assumptions are related to revenue recognition with respect to the determination of the standalone selling prices for our services; the expected period of benefit over which deferred commissions are amortized; valuation of certain stock-based awards, our convertible senior notes and warrants and short-term investments; estimates of allowance for credit losses; estimates of the fair value of goodwill and long-lived assets when evaluating for impairments and for assets acquired from acquisitions; useful lives of intangibles and other long-lived assets; and the valuation of deferred income tax assets and contingencies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ materially from these estimates under different assumptions or conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies and Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Recent Accounting Pronouncements	Note 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements Our significant accounting policies are discussed in Note 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements

Investments

Investments	6 Months Ended
	Jul. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	Note 3. Investments The amortized costs, unrealized gains and losses and estimated fair values of our short-term investments were as follows (in thousands): July 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government securities $ 99,869 $ 15 $ (66) $ 99,818 Agency bonds 27,340 — (10) 27,330 Corporate bonds 179,250 90 (58) 179,282 Total short-term investments $ 306,459 $ 105 $ (134) $ 306,430 January 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government securities $ 98,206 $ 50 $ (7) $ 98,249 Agency bonds 26,168 38 — 26,206 Corporate bonds 103,599 83 (3) 103,679 Commercial paper 29,991 — (5) 29,986 Total short-term investments $ 257,964 $ 171 $ (15) $ 258,120 There were no material realized gains or losses from sales of marketable securities that were reclassified out of accumulated other comprehensive loss into investment income during the three and six months ended July 31, 2024 and 2023. We had no significant unrealized losses on our available-for-sale securities as of July 31, 2024 and January 31, 2024, and we do not expect material credit losses on our current investments in future periods. All securities had stated effective maturities of less than two years as of July 31, 2024.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. Fair Value Measurements The accounting guidance for fair value measurements establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level input Input definition Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability through corroboration with market data at the measurement date Level 3 Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date In general, and where applicable, we use quoted prices in active markets for identical assets or liabilities to determine fair value. If quoted prices in active markets for identical assets or liabilities are not available to determine fair value, then we use quoted prices for similar assets and liabilities or inputs other than the quoted prices that are observable either directly or indirectly. The following tables summarize our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis (in thousands): July 31, 2024 1 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 192,238 $ — $ — $ 192,238 Total cash equivalents $ 192,238 $ — $ — $ 192,238 Short-term investments: U.S. government securities $ — $ 99,818 $ — $ 99,818 Agency bonds — 27,330 — 27,330 Corporate bonds — 179,282 — 179,282 Total short-term investments $ — $ 306,430 $ — $ 306,430 January 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 207,632 $ — $ — $ 207,632 Corporate bonds 3,497 — — 3,497 Total cash equivalents $ 211,129 $ — $ — $ 211,129 Short-term investments: U.S. government securities $ — $ 98,249 $ — $ 98,249 Agency bonds — 26,206 — 26,206 Corporate bonds — 103,679 — 103,679 Commercial paper — 29,986 — 29,986 Total short-term investments $ — $ 258,120 $ — $ 258,120 Liabilities: Warrant liability $ — $ — $ 11,992 $ 11,992 Debt conversion liability — — 6,848 6,848 Total liabilities $ — $ — $ 18,840 $ 18,840 _____________________________ (1) As of June 27, 2024, we no longer account for the Silver Lake (as defined below) debt conversion or warrants as liabilities since we received stockholder approval on that date to issue the maximum number of shares of Class A common stock upon conversion of the notes and exercise of the warrants. As a result, we are no longer required to pay cash in lieu of issuing shares of Class A common stock in excess of the limitations under the New York Stock Exchange rules that applied prior to obtaining this stockholder approval. For more information, see Note 9. Debt . Changes in our Level 3 fair value measurements were as follows (in thousands): Warrant Liability Balance, January 31, 2024 $ 11,992 Change in fair value through June 27, 2024 9,369 Reclassification of warrant liability to equity (21,361) Balance, July 31, 2024 $ — Additional information about the Warrant liability, including the fair value inputs, is included in Note 10. Warrants to Purchase Shares of Common Stock . Debt Conversion Liability Balance, January 31, 2024 $ 6,848 Change in fair value through June 27, 2024 (428) Reclassification of debt conversion liability to equity (6,420) Balance, July 31, 2024 $ — Additional information about the debt conversion liability, including the fair value inputs, is included in Note 9. Debt . As of July 31, 2024, the net carrying amount of the 2029 Notes, defined in Note 9. Debt , was $365.3 million and the estimated fair value was $402.3 million. The fair value of the 2029 Notes is classified as a Level 3 measurement.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jul. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 5. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): July 31, 2024 January 31, 2024 Prepaid software subscriptions $ 7,321 $ 6,582 Taxes 5,064 4,348 Contract assets 3,611 1,380 Interest receivable 2,027 1,377 Prepaid insurance 1,729 2,305 Deposits 1,207 699 Prepaid hosting costs 526 1,157 Other 4,377 5,413 Total $ 25,862 $ 23,261

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 6. Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): July 31, 2024 January 31, 2024 Internal-use software $ 41,304 $ 35,883 Leasehold improvements 13,546 14,013 Computer equipment 11,533 11,125 Furniture and fixtures 3,143 4,276 Purchased software 1,333 1,333 70,859 66,630 Less: accumulated depreciation and amortization (43,977) (40,669) Total $ 26,882 $ 25,961 The following table summarizes total depreciation and amortization expense related to property and equipment, including amortization of internal-use software, included primarily in General and administrative and Cost of subscription revenue in the accompanying unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Total depreciation and amortization expense $ 2,564 $ 2,444 $ 4,933 $ 4,982

Purchased Intangible Assets and

Purchased Intangible Assets and Goodwill	6 Months Ended
	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Purchased Intangible Assets and Goodwill	Note 7. Purchased Intangible Assets and Goodwill The following tables summarize the purchased intangible asset balances (in thousands): July 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 30,697 $ (10,848) $ 19,849 Customer relationships 5,527 (4,085) 1,442 Trade name 1,719 (1,420) 299 Total $ 37,943 $ (16,353) $ 21,590 January 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 17,997 $ (9,782) $ 8,215 Customer relationships 5,187 (3,786) 1,401 Trade name 1,709 (1,243) 466 Total $ 24,893 $ (14,811) $ 10,082 Purchased intangible assets are being amortized to Cost of subscription revenue in the accompanying unaudited condensed consolidated statements of comprehensive loss on a straight-line basis over their estimated useful lives ranging from three Three Months Ended Six Months Ended 2024 2023 2024 2023 Purchased intangible assets amortization expense $ 934 $ 738 $ 1,542 $ 1,476 Estimated future amortization expense for purchased intangible assets as of July 31, 2024 was as follows (in thousands): Fiscal year ending: 2025 (remainder of the year) $ 1,995 2026 3,547 2027 3,234 2028 3,234 2029 3,174 Thereafter 6,406 Total estimated amortization expense $ 21,590 The following table represents the changes to goodwill (in thousands): Goodwill Balance, January 31, 2024 $ 56,657 Addition from acquisition 12,614 Effects of foreign currency translation 468 Balance, July 31, 2024 $ 69,739

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Note 8. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): July 31, 2024 January 31, 2024 Accrued outside services and consulting $ 8,060 $ 1,499 Accrued taxes 3,632 4,147 Accrued hosting and third-party licenses 2,834 2,707 Accrued interest 1,344 1,344 Warrant liability — 11,992 Debt conversion liability — 6,848 Other accrued expenses 5,751 3,620 Total $ 21,621 $ 32,157

Debt

Debt	6 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Debt	Note 9. Debt 2029 Notes On March 24, 2022 (Initial Closing Date), we issued convertible senior notes (Initial Notes) in the aggregate principal amount of $250.0 million pursuant to an agreement with certain entities affiliated with Silver Lake Alpine II, L.P. (Silver Lake). On September 22, 2023 (Subsequent Closing Date), we issued additional convertible senior notes in the aggregate principal amount of $150.0 million (Additional Notes and together with the Initial Notes, the 2029 Notes) under the agreement with Silver Lake. The 2029 Notes represent senior unsecured obligations of Zuora. As a condition of the agreement with Silver Lake, we also issued warrants to Silver Lake to acquire up to 7.5 million shares of Class A common stock (Warrants). Refer to Note 10. Warrants to Purchase Shares of Common Stock for more information. The purchase price of the 2029 Notes was 98% of the par value. The 2029 Notes bear interest at a rate of 3.95% per annum, payable quarterly in cash, provided that we have the option to pay interest in kind at 5.50% per annum. The 2029 Notes will mature on March 31, 2029, subject to earlier conversion or repurchase. The 2029 Notes are convertible at Silver Lake’s option into shares of our Class A common stock at an initial conversion rate of 50.0 shares per $1,000 principal amount ($20.00 per share, representing 20.0 million shares of Class A common stock), subject to customary anti-dilution adjustments. Any 2029 Notes that are converted in connection with a "make-whole fundamental change" are subject to an increase in the conversion rate under certain circumstances. The term "make-whole fundamental change" is defined in the indenture for the 2029 Notes, and generally refers to a "fundamental change" including a change in control of Zuora that meets certain specifications or the termination of trading of Zuora's stock on the New York Stock Exchange (or the NASDAQ Global Select Market or the NASDAQ Global Market, or any of their respective successors), in each case subject to certain exceptions and exclusions described in the indenture. On the Initial Closing Date, we concluded that the conversion option contained in the 2029 Notes qualified for a scope exception from derivative accounting and therefore was not bifurcated and accounted for separately from the Initial Notes. On the Subsequent Closing Date, we reassessed the classification of the conversion option and concluded that a portion of the conversion option no longer qualified for equity classification under ASC 815-40 as a result of the issuance of the Additional Notes. Under certain make-whole fundamental change scenarios, we would be required to, at our option, either (i) seek and obtain stockholder approval prior to issuing 20% or more of our outstanding common stock or voting power or (ii) pay cash in lieu of delivering any shares at or above such 20% threshold. As a result of our sequencing policy described in Note 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements in our Annual Report on Form 10-K, we separated a portion of the conversion option representing approximately 1.4 million shares of Class A common stock issuable upon conversion of the 2029 Notes valued at $6.1 million as of the Subsequent Closing Date from the 2029 Notes and recorded a debt conversion liability at fair value on bifurcation, with an offset to the carrying amount of the 2029 Notes. At our 2024 Annual Meeting of Stockholders on June 27, 2024 (Stockholder Approval Date), our stockholders approved the issuance of the maximum number of shares Class A common stock upon conversion of the 2029 Notes and Warrants. As a result, there is no longer a potential requirement to pay cash in lieu of delivering any shares at or above the 20% threshold. On the Stockholder Approval Date, we reassessed the classification of the portion of the conversion option that was bifurcated and accounted for separately from the 2029 Notes as of the Subsequent Closing Date and concluded that the previously separated portion of the conversion option again qualified for a scope exception from derivative accounting as of the Stockholder Approval Date. Accordingly, we reclassified the previously separated portion of the conversion feature valued at $6.4 million as of the Stockholder Approval Date to equity. For further information on our derivative financial instruments policy, refer to Note 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements in our Annual Report on Form 10-K. We will reassess the classification of the debt conversion liability in future reporting periods to determine if any further change is required. With certain exceptions, upon a "fundamental change" of Zuora, the holders of the 2029 Notes may require that we repurchase all or part of the principal amount of the 2029 Notes at a purchase price equal to the principal amount and accrued but unpaid interest outstanding, plus the total sum of all remaining scheduled interest payments through the remainder of the term of the 2029 Notes, at the 5.50% paid in kind interest rate. At any time on or after March 24, 2027, the holders of the 2029 Notes may require that we repurchase all or part of the principal amount of the Notes at a purchase price equal to the principal amount plus accrued interest through the date of repurchase. Upon certain events of default, the 2029 Notes may be declared due and payable (or will automatically become so under certain events of default), at a purchase price equal to the principal amount plus accrued interest through the date of repurchase. We have no right to redeem the 2029 Notes prior to maturity. Deferred loan costs are being amortized to interest expense using the effective interest rate method over the five year expected life of the 2029 Notes (representing the period from the contract date to the earliest noncontingent put date of March 24, 2027), reflecting an effective interest rate of 7.6%. The carrying value of the 2029 Notes was classified as long-term and consisted of the following (in thousands): July 31, 2024 January 31, 2024 2029 Notes principal $ 400,000 $ 400,000 Unamortized deferred loan costs (34,700) (40,475) Carrying value $ 365,300 $ 359,525 Interest expense related to the 2029 Notes, included in Interest expense in the accompanying unaudited condensed consolidated statements of comprehensive loss, was as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Contractual interest expense $ 3,950 $ 2,469 $ 7,900 $ 4,938 Amortization of deferred loan costs 2,990 2,094 5,775 3,998 Total interest expense $ 6,940 $ 4,563 $ 13,675 $ 8,936 To determine the valuation of the debt conversion liability as of the Stockholder Approval date and as of January 31, 2024, we used a binomial lattice model to value the bifurcated derivatives contained in the 2029 Notes. ASC 815 does not permit an issuer to account separately for individual derivative terms and features embedded in hybrid financial instruments that require bifurcation and liability classification as derivative financial instruments. Rather, such terms and features must be combined together, and fair-valued as a single, compound embedded derivative. We selected a binomial lattice model to value the compound embedded derivative because we believe this technique is reflective of all significant assumptions that market participants would likely consider in negotiating the transfer of the 2029 Notes. Such assumptions include, among other inputs, stock price volatility, risk-free rates, credit risk assumptions, early redemption and conversion assumptions, and the potential for future adjustment of the conversion rate due to triggering events. The debt conversion liability's fair value was measured using a binomial lattice model using the following key inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Conversion price $ 20.00 $ 20.00 Expected volatility 50.0 % 47.5 % Risk-free interest rate 4.9 % 3.8 % Corporate bond yield 17.9 % 19.2 % Coupon interest rate 3.95 % 3.95 % _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the debt conversion liability was reclassified to equity. We recognized gains on the revaluation of the debt conversion liability, summarized in the table below (in thousands), which are included in Change in fair value of debt conversion and warrant liabilities in the accompanying unaudited condensed consolidated statements of comprehensive loss. Refer to Note 4. Fair Value Measurements for the fair value of the debt conversion liability. Three Months Ended Six Months Ended 2024 2023 2024 2023 Gain on change in fair value of debt conversion liability $ 1,248 $ — $ 428 $ — Debt Agreement We have a $30.0 million secured revolving credit facility under an agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust. This credit facility matures in October 2025. The interest rate under the credit facility is equal to the prime rate published by the Wall Street Journal minus 1.0%. We had not drawn down any amounts under the facility as of July 31, 2024.

Warrants to Purchase Shares of

Warrants to Purchase Shares of Common Stock	6 Months Ended
	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Warrants to Purchase Shares of Common Stock	Note 10. Warrants to Purchase Shares of Common Stock In connection with the issuance of the 2029 Notes (discussed Note 9. Debt ), we issued to Silver Lake Warrants to acquire up to 7.5 million shares of Class A common stock, exercisable for a period of approximately seven years from the Initial Closing Date, which are comprised of (i) Warrants to purchase up to 2.5 million shares of Class A common stock are exercisable at $20.00 per share, (ii) Warrants to purchase up to 2.5 million shares of Class A common stock are exercisable at $22.00 per share, and (iii) Warrants to purchase up to 2.5 million shares of Class A common stock are exercisable at $24.00 per share. In addition, Silver Lake can elect to exercise the Warrants on a net-exercise basis. In the event of a "make-whole fundamental change" (as defined in the Form of Warrant, which has a similar definition as in the indenture, described above in Note. 9 Debt ), the number of shares issuable by Zuora upon exercise of the Warrants may be increased, and the exercise price for the Warrants adjusted. As of July 31, 2024, all 7.5 million Warrants were outstanding. On the Initial Closing Date, we classified a portion of the Warrants as a current liability due to certain settlement provisions in the Warrants. Under certain make-whole fundamental change scenarios, we would be required to, at our option, either (i) obtain shareholder approval prior to issuing 20% or more of our outstanding common stock or (ii) pay cash in lieu of delivering any shares at or above such 20% threshold. As a result, we concluded that approximately 2.8 million Warrants valued at $12.0 million as of the Initial Closing Date did not qualify for equity classification under ASC 815-40, pursuant to our sequencing policy. As a result of the issuance of the Additional Notes, we reassessed the classification of the Warrants and concluded that no Warrants qualified for equity classification under ASC 815-40. Accordingly, we reclassified 4.7 million Warrants valued at $7.7 million from equity to liability as of the Subsequent Closing Date. At our 2024 Annual Meeting of Stockholders on June 27, 2024 (Stockholder Approval Date), our stockholders approved the issuance of the maximum number of shares of Class A common stock upon exercise of the Warrants and therefore there is no longer a potential requirement to pay cash in lieu of delivering any shares at or above the 20% threshold. On the Stockholder Approval Date, we reassessed the classification of the Warrants and concluded that all Warrants fully qualified for a scope exception from derivative accounting as of the Stockholder Approval Date. Accordingly, we reclassified the Warrants valued at $21.4 million as of the Stockholder Approval Date to equity. We will reassess the classification of the Warrant liability in future reporting periods to determine if any change is required. The liability-classified warrants' fair value was measured using a combination of Black-Scholes option pricing and Monte Carlo Simulation models that take into consideration probability factors of the various outcomes related to the exercise terms of the warrants using the following inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Exercise price $20.00 - $24.00 $20.00 - $24.00 Expected volatility 2 55.0 % 41.8 % Expected term (in years) 4.4 5.2 Risk-free interest rate 4.2 % 3.9 % Expected dividend yield — — _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the warrant liability was reclassified to equity. (2) During the quarter ended April 30, 2024, we changed our approach for estimating our stock price volatility to use only Zuora's historical stock price trading data. Zuora now has sufficient historical trading data to fair value its financial instruments and we believe it better reflects the expected future trading volatility of the company's outstanding common stock. In previous periods, we used an average volatility based on historical trading data of Zuora and a group of similar publicly traded companies. We recognized losses on the revaluation of the liability-classified Warrants, summarized in the table below (in thousands), which are included in Change in fair value of debt conversion and warrant liabilities in the accompanying unaudited condensed consolidated statements of comprehensive loss. Refer to Note 4. Fair Value Measurements for the fair value of the liability-classified Warrants. Three Months Ended Six Months Ended 2024 2023 2024 2023 Loss on change in fair value of warrant liability $ (2,261) $ (4,786) $ (9,369) $ (4,756)

Deferred Revenue and Performanc

Deferred Revenue and Performance Obligations	6 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Deferred Revenue and Performance Obligations	Note 11. Deferred Revenue and Performance Obligations The following table summarizes revenue recognized during the period that was included in the deferred revenue balance at the beginning of each respective period (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenue recognized from deferred revenue $ 89,184 $ 79,382 $ 144,234 $ 126,548 As of July 31, 2024, total remaining non-cancellable performance obligations under our subscription contracts with customers was approximately $577.1 million and we expect to recognize revenue on approximately 55% of these remaining performance obligations over the next 12 months. Remaining performance obligations under our professional services contracts as of July 31, 2024 were not material.

Geographical Information

Geographical Information	6 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Geographical Information	Note 12. Geographical Information Disaggregation of Revenue Revenue by country, based on the customer’s address at the time of sale, was as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 United States $ 73,062 $ 69,348 $ 141,745 $ 134,755 Others 42,334 38,700 83,420 76,388 Total $ 115,396 $ 108,048 $ 225,165 $ 211,143 Percentage of revenue by geographic area: United States 63 % 64 % 63 % 64 % Other 37 % 36 % 37 % 36 % Other than the United States, no individual country exceeded 10% of total revenue for the three and six months ended July 31, 2024 and 2023. Long-lived assets Long-lived assets, which consist of property and equipment, net, deferred commissions, purchased intangible assets, net and operating lease right-of-use assets by geographic location, are based on the location of the legal entity that owns the asset. As of July 31, 2024 and January 31, 2024, no individual country exceeded 10% of total long-lived assets other than the United States.

Leases

Leases	6 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Leases	Note 13. Leases We have non-cancelable operating leases for our offices located in the U.S. and abroad. As of July 31, 2024, these leases expire on various dates between 2026 and 2030. Certain lease agreements include one or more options to renew, with renewal terms that can extend the lease up to seven years. We have the right to exercise or forego the lease renewal options. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of our long-term operating leases and related operating lease cost were as follows (in thousands): July 31, 2024 January 31, 2024 Operating lease right-of-use assets $ 21,783 $ 22,462 Operating lease liabilities, current portion $ 6,710 $ 6,760 Operating lease liabilities, net of current portion 34,508 37,100 Total operating lease liabilities $ 41,218 $ 43,860 Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating lease cost 1 $ 1,981 $ 2,183 $ 3,991 $ 4,409 _____________________________ (1) Includes costs related to our short-term operating leases and is net of sublease income as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Short-term operating lease costs $ 374 $ 139 $ 825 $ 241 Sublease income $ (123) $ (98) $ (221) $ (195) The future maturities of long-term operating lease liabilities for each fiscal year were as follows (in thousands): Maturities of Operating Lease Liabilities 2025 (remainder of the year) $ 3,935 2026 9,358 2027 8,622 2028 8,027 2029 6,881 Thereafter 10,608 Total lease payments 47,431 Less imputed interest (6,213) Present value of lease liabilities $ 41,218 Other supplemental information related to our long-term operating leases includes the following (dollars in thousands): July 31, 2024 January 31, 2024 Weighted-average remaining operating lease term 5.5 years 5.9 years Weighted-average operating lease discount rate 5.0 % 5.1 % Three Months Ended Six Months Ended 2024 2023 2024 2023 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities: Cash paid for operating leases $ 2,235 $ 4,038 $ 5,356 $ 7,528 New right-of-use assets obtained in exchange for lease liabilities: Operating leases obtained $ 1,615 $ — $ 1,615 $ 6,973

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies Letters of Credit In connection with the execution of certain facility leases, we had bank issued irrevocable letters of credit for $3.0 million as of July 31, 2024 and $4.5 million as of January 31, 2024. No draws have been made under such letters of credit. Legal Proceedings From time to time, we may be subject to legal proceedings, as well as demands, claims and threatened litigation. The outcomes of legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. Regardless of the outcome, litigation can have an adverse impact on our business because of defense and settlement costs, diversion of management resources, and other factors. As of the date of this Quarterly Report on Form 10-Q, we are not currently party to any legal proceeding that we believe could have a material adverse effect on our business, operating results, cash flows, or financial condition should such litigation or claim be resolved unfavorably. Other Contractual Obligations As of July 31, 2024, we have a contractual obligation to spend a minimum of $30.0 million in purchases of cloud computing services provided by one of our vendors for each of the years ending July 31, 2025, 2026, and 2027.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes The following table reflects our income tax provision, pretax loss and effective tax rate for the periods presented (in thousands, except percentages): Three Months Ended Six Months Ended 2024 2023 2024 2023 Loss before income taxes $ (9,499) $ (21,975) $ (22,855) $ (40,801) Income tax (benefit) provision (2,278) 587 (1,926) 1,056 Effective tax rate 24.0 % (2.7) % 8.4 % (2.6) % The effective tax rates differ from the statutory rates as a result of providing no benefit on pretax losses incurred in the United States, as we have determined that the benefit of the losses is not more likely than not to be realized. The tax expense for the six months ended July 31, 2024 included a benefit of $2.7 million for the partial release of valuation allowance. In connection with the Togai acquisition, we recorded a net deferred tax liability which provides an additional source of taxable income to support the realization of the pre-existing deferred tax assets. Accordingly, during the six months ended July 31, 2024, we released a total of $2.7 million of our U.S. valuation allowance.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jul. 31, 2024
Equity [Abstract]
Stockholders' Equity	Note 16. Stockholders’ Equity Preferred Stock As of July 31, 2024, Zuora had authorized 10 million shares of preferred stock, each with a par value of $0.0001 per share. As of July 31, 2024, no shares of preferred stock were issued and outstanding. Common Stock Prior to Zuora's IPO, which was effective in April 2018, all shares of common stock then outstanding were reclassified into Class B common stock. Shares offered and sold in the IPO consisted of newly authorized shares of Class A common stock. Holders of Class A and Class B common stock are entitled to one vote per share and ten votes per share, respectively, and the shares of Class A common stock and Class B common stock are identical, except for voting rights and the right to convert Class B common stock to Class A common stock. As of July 31, 2024, Zuora had authorized 500 million shares of Class A common stock and 500 million shares of Class B common stock, each with a par value of $0.0001 per share. As of July 31, 2024, 143.0 million shares of Class A common stock and 8.5 million shares of Class B common stock were issued and outstanding. Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss were as follows (in thousands): Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Available-for-Sale Securities Total Balance, January 31, 2024 $ (1,015) $ 156 $ (859) Foreign currency translation adjustment (76) — (76) Unrealized loss on available-for-sale securities — (185) (185) Balance, July 31, 2024 $ (1,091) $ (29) $ (1,120) There were no material reclassifications out of accumulated other comprehensive loss during the three and six months ended July 31, 2024. Additionally, there was no material tax impact on the amounts presented.

Employee Stock Plans

Employee Stock Plans	6 Months Ended
	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Employee Stock Plans	Note 17. Employee Stock Plans Equity Incentive Plans Our 2018 Equity Incentive Plan (2018 Plan) authorizes the award of stock options, restricted stock awards, stock appreciation rights, restricted stock units (RSUs), performance awards, and stock bonuses. As of July 31, 2024, approximately 29.7 million shares of Class A common stock were reserved and available for issuance under the 2018 Plan. In addition, as of July 31, 2024, 2.5 million stock options and RSUs exercisable or settleable for Class B common stock were outstanding in the aggregate under our 2006 Stock Plan (2006 Plan) and 2015 Equity Incentive Plan (2015 Plan), which plans were terminated in May 2015 and April 2018, respectively. The 2006 Plan and 2015 Plan continue to govern outstanding equity awards granted thereunder. Stock Options The following tables summarize stock option activity and related information (in thousands, except weighted-average exercise price, weighted-average grant date fair value and average remaining contractual term): Shares Weighted-Average Average Aggregate Balance, January 31, 2024 6,083 $ 9.21 3.6 $ 15,984 Exercised (991) 3.30 Forfeited (371) 12.35 Balance, July 31, 2024 4,721 10.20 3.7 9,952 Exercisable as of July 31, 2024 2,512 5.11 2.2 9,952 Vested and expected to vest as of July 31, 2024 4,716 $ 10.20 3.7 $ 9,952 Three Months Ended Six Months Ended 2024 2023 2024 2023 Aggregate intrinsic value of options exercised during each respective period $ 2,840 $ 651 $ 5,902 $ 1,030 No stock options were granted during the three and six months ended July 31, 2024 and 2023. RSUs The following table summarizes RSU activity and related information (in thousands, except weighted-average grant date fair value): Number of RSUs Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 11,686 $ 10.24 Granted 6,117 9.56 Vested (3,614) 10.88 Forfeited (1,154) 10.52 Balance, July 31, 2024 13,035 $ 9.73 Performance Stock Units (PSUs) We have granted PSUs to certain executives and other employees under our 2018 Plan as described below. In March 2022 (which were subsequently amended in fiscal 2024), July 2023 and September 2023, we granted PSUs to certain executives. These PSUs are divided into two or three tranches, each tranche having pre-established performance targets that if met, as determined quarterly by our Compensation Committee, would result in the shares attributable to such tranche being earned, subject to a service-based vesting condition. The shares attributable to unearned tranches will expire on January 31, 2025 if the applicable performance criteria for such tranches are not met. As we previously disclosed in our Form 10-Q for the three months ended April 30, 2023 filed with the SEC on June 1, 2023, we modified the performance targets associated with these PSUs that were granted in March 2022. This resulted in $9.6 million of incremental compensation expense that was being recognized over the remaining vesting periods of the awards. During the three months ended April 30, 2024, we deemed these outstanding PSUs to be improbable of vesting and we recorded an adjustment to reverse all $3.4 million of previously recognized expense in the current quarter. In April 2024, we granted 300,000 PSUs to our CEO. The PSUs are divided into two tranches, each tranche having a pre-established stock price target that if met, as determined by the Chair of our Compensation Committee, would result in the shares attributable to such tranche being earned and then subject to vesting on a graded basis over a period of four years from the grant date, subject to continued service. The shares attributable to unearned tranches will expire on April 28, 2028 if the applicable stock price targets for such tranches are not met. We used a Monte Carlo simulation to estimate the fair value of the award and the date when the stock price target date is expected to be met for each tranche of the award. We are recognizing the related stock-based compensation expense for each tranche using a graded attribution method over four years following the grant date. In April 2024, we also granted 34,000 PSUs to certain non-executive employees. The fair value of each PSU was equal to the closing price of our common stock on the date of grant. The PSUs are subject to pre-established performance targets that if met as of January 31, 2025 will be earned and subsequently vest on March 31, 2025, subject to continued service through such vesting date, or will otherwise expire unvested. We are recognizing the related stock-based compensation expense using the straight-line attribution method over the expected vesting period of the award. The following table summarizes PSU activity and related information (in thousands, except weighted-average grant date fair value): Number of PSUs Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 2,310 $ 14.31 Granted 334 8.04 Forfeited (120) 9.15 Balance, July 31, 2024 2,524 $ 13.72 2018 Employee Stock Purchase Plan Our 2018 Employee Stock Purchase Plan (ESPP) is broadly available to our employees in the United States and certain other countries in which we operate. A total of 5.0 million shares of Class A common stock were reserved and available for issuance under the ESPP as of July 31, 2024. The ESPP provides for 24-month offering periods beginning June 15 and December 15 of each year, and each offering period contains four six-month purchase periods. On each purchase date, ESPP participants will purchase shares of our Class A common stock at a price per share equal to 85% of the lesser of (1) the fair market value of the Class A common stock on the offering date or (2) the fair market value of the Class A common stock on the purchase date. We estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions: Three and Six Months Ended July 31, 2024 Three and Six Months Ended July 31, 2023 Fair value of common stock $ 9.50 $ 11.55 Expected volatility 41.7% - 52.2% 37.1% - 45.7% Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Risk-free interest rate 5.1% - 5.5% 3.0% - 4.8% Expected dividend yield — % — % Stock-Based Compensation Expense Stock-based compensation expense was recorded in the following cost and expense categories in the accompanying unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Cost of subscription revenue $ 2,377 $ 2,180 $ 3,960 $ 4,539 Cost of professional services revenue 2,723 3,229 4,761 6,250 Research and development 8,080 6,752 13,983 13,496 Sales and marketing 7,521 8,689 12,996 16,666 General and administrative 5,007 5,798 8,469 10,921 Total stock-based compensation expense $ 25,708 $ 26,648 $ 44,169 $ 51,872 As of July 31, 2024, unrecognized compensation costs related to unvested equity awards and the weighted-average remaining period over which those costs are expected to be recognized were as follows (dollars in thousands): Stock Options RSUs PSUs ESPP Unrecognized compensation costs $ 733 $ 105,026 $ 24,474 $ 1,838 Weighted-average remaining recognition period 0.7 years 1.9 years 0.9 years 0.6 years

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Note 18. Net Loss Per Share The following table presents the calculation of basic and diluted net loss per share for the periods presented (in thousands, except per share data): Three Months Ended Six Months Ended 2024 2023 2024 2023 Numerator: Net loss $ (7,221) $ (22,562) $ (20,929) $ (41,857) Denominator: Weighted-average common shares outstanding, basic and diluted 149,377 138,605 148,038 137,417 Net loss per share, basic and diluted $ (0.05) $ (0.16) $ (0.14) $ (0.30) Since we were in a net loss position for all periods presented, basic net loss per share attributable to common stockholders is the same as diluted net loss per share, as the inclusion of all potential common shares outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands): July 31, 2024 2023 2029 Notes conversion 20,000 12,500 Unvested RSUs issued and outstanding 13,035 14,951 Warrants 7,500 7,500 Issued and outstanding stock options 4,721 6,637 Unvested PSUs issued and outstanding 2,524 2,855 Shares committed under ESPP 246 290 Total 48,026 44,733

Acquisition

Acquisition	6 Months Ended
	Jul. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisition	Note 19. Acquisition Togai Acquisition On May 9, 2024 (the Togai Closing Date), we closed the acquisition of Togai, Inc., and its subsidiary (Togai) through Leeyo Software, Inc., a 100% owned subsidiary, pursuant to an Agreement and Plan of Merger (the Merger Agreement). On the Togai Closing Date, we acquired 100% of the voting equity interest in Togai, including 0.4% through a power of attorney over shares held by CS Lane Advisory LLP that is expected to be transferred to the Company in completion of the terms of the Merger Agreement on September 13, 2024. Togai is a metering and rating solution company. Purchase Consideration The purchase consideration for the Togai acquisition was $24.3 million . Transaction costs in connection with the acquisition were not significant and were expensed as incurred. Assets and Liabilities Acquired The acquisition was accounted for as a business combination using the acquisition method of accounting in accordance with ASC 805, Business Combinations. The excess of the purchase price over the estimated fair value of the tangible and intangible assets acquired and liabilities assumed has been recorded as goodwill. The Togai acquisition resulted in recorded goodwill as a result of the synergies expected to be realized and how we expect to leverage the business to create additional value for our shareholders. The goodwill is not expected to be deductible for income tax purposes. The following table summarizes the preliminary estimate of the fair value of the assets acquired and liabilities assumed as of May 9, 2024 (in thousands): Total Cash $ 1,202 Prepaid expenses and other current assets 95 Fixed Assets 29 Intangible assets: Tradename 10 Developed technology 12,700 Customer relationships 340 Goodwill 12,614 Deferred tax liability (2,663) Accounts payable and other current liabilities (14) Fair value of net assets acquired $ 24,313 We engaged a third-party specialist to assist management in the determination of the estimated fair value of intangible assets acquired. Variations of the income approach were used to estimate the fair values. Specifically, the relief from royalty method was used to measure the trade name, the multi period excess earnings method was used to measure the developed technology, and the distributor method was used to measure the customer relationships. The following table summarizes the acquired identifiable intangible assets, Togai Closing Date estimated fair values, and estimated useful lives (dollars in thousands): Fair Value Useful Life Developed technology $ 12,700 8.0 years Customer relationships 340 4.0 years Trade name 10 1.0 year Total intangible assets acquired $ 13,050

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 loss	$ (7,221)	$ (22,562)	$ (20,929)	$ (41,857)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 31, 2024
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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements, which include the accounts of Zuora and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States (GAAP) and applicable rules and regulations of the SEC regarding interim financial reporting. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2024 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of comprehensive loss, statements of cash flows and statements of stockholders' equity for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending January 31, 2025 or any future period. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024. Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
Use of Estimates	Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the unaudited condensed consolidated financial statements, as well as reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Our most significant estimates and assumptions are related to revenue recognition with respect to the determination of the standalone selling prices for our services; the expected period of benefit over which deferred commissions are amortized; valuation of certain stock-based awards, our convertible senior notes and warrants and short-term investments; estimates of allowance for credit losses; estimates of the fair value of goodwill and long-lived assets when evaluating for impairments and for assets acquired from acquisitions; useful lives of intangibles and other long-lived assets; and the valuation of deferred income tax assets and contingencies. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ materially from these estimates under different assumptions or conditions.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jul. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Unrealized Gains and Losses and Estimated Fair Value of Short-Term Investments	The amortized costs, unrealized gains and losses and estimated fair values of our short-term investments were as follows (in thousands): July 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government securities $ 99,869 $ 15 $ (66) $ 99,818 Agency bonds 27,340 — (10) 27,330 Corporate bonds 179,250 90 (58) 179,282 Total short-term investments $ 306,459 $ 105 $ (134) $ 306,430 January 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. government securities $ 98,206 $ 50 $ (7) $ 98,249 Agency bonds 26,168 38 — 26,206 Corporate bonds 103,599 83 (3) 103,679 Commercial paper 29,991 — (5) 29,986 Total short-term investments $ 257,964 $ 171 $ (15) $ 258,120

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Hierarchy for Financial Assets Measured on a Recurring Basis	The following tables summarize our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis (in thousands): July 31, 2024 1 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 192,238 $ — $ — $ 192,238 Total cash equivalents $ 192,238 $ — $ — $ 192,238 Short-term investments: U.S. government securities $ — $ 99,818 $ — $ 99,818 Agency bonds — 27,330 — 27,330 Corporate bonds — 179,282 — 179,282 Total short-term investments $ — $ 306,430 $ — $ 306,430 January 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 207,632 $ — $ — $ 207,632 Corporate bonds 3,497 — — 3,497 Total cash equivalents $ 211,129 $ — $ — $ 211,129 Short-term investments: U.S. government securities $ — $ 98,249 $ — $ 98,249 Agency bonds — 26,206 — 26,206 Corporate bonds — 103,679 — 103,679 Commercial paper — 29,986 — 29,986 Total short-term investments $ — $ 258,120 $ — $ 258,120 Liabilities: Warrant liability $ — $ — $ 11,992 $ 11,992 Debt conversion liability — — 6,848 6,848 Total liabilities $ — $ — $ 18,840 $ 18,840 _____________________________ (1) As of June 27, 2024, we no longer account for the Silver Lake (as defined below) debt conversion or warrants as liabilities since we received stockholder approval on that date to issue the maximum number of shares of Class A common stock upon conversion of the notes and exercise of the warrants. As a result, we are no longer required to pay cash in lieu of issuing shares of Class A common stock in excess of the limitations under the New York Stock Exchange rules that applied prior to obtaining this stockholder approval. For more information, see Note 9. Debt .
Schedule of Changes in Level 3 Fair Value Measurements	Changes in our Level 3 fair value measurements were as follows (in thousands): Warrant Liability Balance, January 31, 2024 $ 11,992 Change in fair value through June 27, 2024 9,369 Reclassification of warrant liability to equity (21,361) Balance, July 31, 2024 $ — Debt Conversion Liability Balance, January 31, 2024 $ 6,848 Change in fair value through June 27, 2024 (428) Reclassification of debt conversion liability to equity (6,420) Balance, July 31, 2024 $ —

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jul. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): July 31, 2024 January 31, 2024 Prepaid software subscriptions $ 7,321 $ 6,582 Taxes 5,064 4,348 Contract assets 3,611 1,380 Interest receivable 2,027 1,377 Prepaid insurance 1,729 2,305 Deposits 1,207 699 Prepaid hosting costs 526 1,157 Other 4,377 5,413 Total $ 25,862 $ 23,261

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): July 31, 2024 January 31, 2024 Internal-use software $ 41,304 $ 35,883 Leasehold improvements 13,546 14,013 Computer equipment 11,533 11,125 Furniture and fixtures 3,143 4,276 Purchased software 1,333 1,333 70,859 66,630 Less: accumulated depreciation and amortization (43,977) (40,669) Total $ 26,882 $ 25,961 The following table summarizes total depreciation and amortization expense related to property and equipment, including amortization of internal-use software, included primarily in General and administrative and Cost of subscription revenue in the accompanying unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Total depreciation and amortization expense $ 2,564 $ 2,444 $ 4,933 $ 4,982

Purchased Intangible Assets a_2

Purchased Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Purchased Intangible Assets	The following tables summarize the purchased intangible asset balances (in thousands): July 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 30,697 $ (10,848) $ 19,849 Customer relationships 5,527 (4,085) 1,442 Trade name 1,719 (1,420) 299 Total $ 37,943 $ (16,353) $ 21,590 January 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 17,997 $ (9,782) $ 8,215 Customer relationships 5,187 (3,786) 1,401 Trade name 1,709 (1,243) 466 Total $ 24,893 $ (14,811) $ 10,082
Schedule of Amortization Expense Recognized on Purchased Intangible Assets	The following table summarizes amortization expense recognized on purchased intangible assets during the periods indicated (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Purchased intangible assets amortization expense $ 934 $ 738 $ 1,542 $ 1,476
Schedule of Estimated Future Amortization Expense	Estimated future amortization expense for purchased intangible assets as of July 31, 2024 was as follows (in thousands): Fiscal year ending: 2025 (remainder of the year) $ 1,995 2026 3,547 2027 3,234 2028 3,234 2029 3,174 Thereafter 6,406 Total estimated amortization expense $ 21,590
Schedule of Changes to Goodwill	The following table represents the changes to goodwill (in thousands): Goodwill Balance, January 31, 2024 $ 56,657 Addition from acquisition 12,614 Effects of foreign currency translation 468 Balance, July 31, 2024 $ 69,739

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): July 31, 2024 January 31, 2024 Accrued outside services and consulting $ 8,060 $ 1,499 Accrued taxes 3,632 4,147 Accrued hosting and third-party licenses 2,834 2,707 Accrued interest 1,344 1,344 Warrant liability — 11,992 Debt conversion liability — 6,848 Other accrued expenses 5,751 3,620 Total $ 21,621 $ 32,157

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Schedule of Carrying Value of Long-Term Debt	The carrying value of the 2029 Notes was classified as long-term and consisted of the following (in thousands): July 31, 2024 January 31, 2024 2029 Notes principal $ 400,000 $ 400,000 Unamortized deferred loan costs (34,700) (40,475) Carrying value $ 365,300 $ 359,525
Schedule of Interest Expense Related to 2029 Notes	Interest expense related to the 2029 Notes, included in Interest expense in the accompanying unaudited condensed consolidated statements of comprehensive loss, was as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Contractual interest expense $ 3,950 $ 2,469 $ 7,900 $ 4,938 Amortization of deferred loan costs 2,990 2,094 5,775 3,998 Total interest expense $ 6,940 $ 4,563 $ 13,675 $ 8,936
Schedule of Debt Conversion Liability's Fair Value	The debt conversion liability's fair value was measured using a binomial lattice model using the following key inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Conversion price $ 20.00 $ 20.00 Expected volatility 50.0 % 47.5 % Risk-free interest rate 4.9 % 3.8 % Corporate bond yield 17.9 % 19.2 % Coupon interest rate 3.95 % 3.95 % _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the debt conversion liability was reclassified to equity. The liability-classified warrants' fair value was measured using a combination of Black-Scholes option pricing and Monte Carlo Simulation models that take into consideration probability factors of the various outcomes related to the exercise terms of the warrants using the following inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Exercise price $20.00 - $24.00 $20.00 - $24.00 Expected volatility 2 55.0 % 41.8 % Expected term (in years) 4.4 5.2 Risk-free interest rate 4.2 % 3.9 % Expected dividend yield — — _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the warrant liability was reclassified to equity. (2) During the quarter ended April 30, 2024, we changed our approach for estimating our stock price volatility to use only Zuora's historical stock price trading data. Zuora now has sufficient historical trading data to fair value its financial instruments and we believe it better reflects the expected future trading volatility of the company's outstanding common stock. In previous periods, we used an average volatility based on historical trading data of Zuora and a group of similar publicly traded companies.
Schedule of Gains on the Revaluation of Debt Conversion Liability	Three Months Ended Six Months Ended 2024 2023 2024 2023 Gain on change in fair value of debt conversion liability $ 1,248 $ — $ 428 $ — Three Months Ended Six Months Ended 2024 2023 2024 2023 Loss on change in fair value of warrant liability $ (2,261) $ (4,786) $ (9,369) $ (4,756)

Warrants to Purchase Shares o_2

Warrants to Purchase Shares of Common Stock (Tables)	6 Months Ended
	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Fair Value Measured Using Combination of Black-Scholes Option and Monte Carlo Simulation Models	The debt conversion liability's fair value was measured using a binomial lattice model using the following key inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Conversion price $ 20.00 $ 20.00 Expected volatility 50.0 % 47.5 % Risk-free interest rate 4.9 % 3.8 % Corporate bond yield 17.9 % 19.2 % Coupon interest rate 3.95 % 3.95 % _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the debt conversion liability was reclassified to equity. The liability-classified warrants' fair value was measured using a combination of Black-Scholes option pricing and Monte Carlo Simulation models that take into consideration probability factors of the various outcomes related to the exercise terms of the warrants using the following inputs: June 27, 2024 1 January 31, 2024 Fair value of common stock $ 9.62 $ 9.14 Exercise price $20.00 - $24.00 $20.00 - $24.00 Expected volatility 2 55.0 % 41.8 % Expected term (in years) 4.4 5.2 Risk-free interest rate 4.2 % 3.9 % Expected dividend yield — — _____________________________ (1) On the Stockholder Approval Date of June 27, 2024, the warrant liability was reclassified to equity. (2) During the quarter ended April 30, 2024, we changed our approach for estimating our stock price volatility to use only Zuora's historical stock price trading data. Zuora now has sufficient historical trading data to fair value its financial instruments and we believe it better reflects the expected future trading volatility of the company's outstanding common stock. In previous periods, we used an average volatility based on historical trading data of Zuora and a group of similar publicly traded companies.
Schedule of Recognized Losses on Revaluation of Liability-Classified Warrants	Three Months Ended Six Months Ended 2024 2023 2024 2023 Gain on change in fair value of debt conversion liability $ 1,248 $ — $ 428 $ — Three Months Ended Six Months Ended 2024 2023 2024 2023 Loss on change in fair value of warrant liability $ (2,261) $ (4,786) $ (9,369) $ (4,756)

Deferred Revenue and Performa_2

Deferred Revenue and Performance Obligations (Tables)	6 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Recognized During Period Included in Deferred Revenue Balance	The following table summarizes revenue recognized during the period that was included in the deferred revenue balance at the beginning of each respective period (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenue recognized from deferred revenue $ 89,184 $ 79,382 $ 144,234 $ 126,548

Geographical Information (Table

Geographical Information (Tables)	6 Months Ended
	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Country Based on Customer Address at Time of Sale	Revenue by country, based on the customer’s address at the time of sale, was as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 United States $ 73,062 $ 69,348 $ 141,745 $ 134,755 Others 42,334 38,700 83,420 76,388 Total $ 115,396 $ 108,048 $ 225,165 $ 211,143 Percentage of revenue by geographic area: United States 63 % 64 % 63 % 64 % Other 37 % 36 % 37 % 36 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Schedule of Components of Long-Term Operating Leases and Operating Lease Cost	The components of our long-term operating leases and related operating lease cost were as follows (in thousands): July 31, 2024 January 31, 2024 Operating lease right-of-use assets $ 21,783 $ 22,462 Operating lease liabilities, current portion $ 6,710 $ 6,760 Operating lease liabilities, net of current portion 34,508 37,100 Total operating lease liabilities $ 41,218 $ 43,860 Three Months Ended Six Months Ended 2024 2023 2024 2023 Operating lease cost 1 $ 1,981 $ 2,183 $ 3,991 $ 4,409 _____________________________ (1) Includes costs related to our short-term operating leases and is net of sublease income as follows (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Short-term operating lease costs $ 374 $ 139 $ 825 $ 241 Sublease income $ (123) $ (98) $ (221) $ (195)
Schedule of Future Maturities of Long Term Maturities of Operating Lease Liabilities	The future maturities of long-term operating lease liabilities for each fiscal year were as follows (in thousands): Maturities of Operating Lease Liabilities 2025 (remainder of the year) $ 3,935 2026 9,358 2027 8,622 2028 8,027 2029 6,881 Thereafter 10,608 Total lease payments 47,431 Less imputed interest (6,213) Present value of lease liabilities $ 41,218
Schedule of Supplemental Information Related to Long-Term Operating Leases	Other supplemental information related to our long-term operating leases includes the following (dollars in thousands): July 31, 2024 January 31, 2024 Weighted-average remaining operating lease term 5.5 years 5.9 years Weighted-average operating lease discount rate 5.0 % 5.1 % Three Months Ended Six Months Ended 2024 2023 2024 2023 Supplemental Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities: Cash paid for operating leases $ 2,235 $ 4,038 $ 5,356 $ 7,528 New right-of-use assets obtained in exchange for lease liabilities: Operating leases obtained $ 1,615 $ — $ 1,615 $ 6,973

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision, Pretax Loss, and Effective Tax Rate	The following table reflects our income tax provision, pretax loss and effective tax rate for the periods presented (in thousands, except percentages): Three Months Ended Six Months Ended 2024 2023 2024 2023 Loss before income taxes $ (9,499) $ (21,975) $ (22,855) $ (40,801) Income tax (benefit) provision (2,278) 587 (1,926) 1,056 Effective tax rate 24.0 % (2.7) % 8.4 % (2.6) %

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2024
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Loss	Components of accumulated other comprehensive loss were as follows (in thousands): Foreign Currency Translation Adjustment Unrealized Gain (Loss) on Available-for-Sale Securities Total Balance, January 31, 2024 $ (1,015) $ 156 $ (859) Foreign currency translation adjustment (76) — (76) Unrealized loss on available-for-sale securities — (185) (185) Balance, July 31, 2024 $ (1,091) $ (29) $ (1,120)

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	6 Months Ended
	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following tables summarize stock option activity and related information (in thousands, except weighted-average exercise price, weighted-average grant date fair value and average remaining contractual term): Shares Weighted-Average Average Aggregate Balance, January 31, 2024 6,083 $ 9.21 3.6 $ 15,984 Exercised (991) 3.30 Forfeited (371) 12.35 Balance, July 31, 2024 4,721 10.20 3.7 9,952 Exercisable as of July 31, 2024 2,512 5.11 2.2 9,952 Vested and expected to vest as of July 31, 2024 4,716 $ 10.20 3.7 $ 9,952
Schedule of Stock Option Grant Date Fair Value and Intrinsic Value of Options Exercised	Three Months Ended Six Months Ended 2024 2023 2024 2023 Aggregate intrinsic value of options exercised during each respective period $ 2,840 $ 651 $ 5,902 $ 1,030
Schedule of RSU Activity	The following table summarizes RSU activity and related information (in thousands, except weighted-average grant date fair value): Number of RSUs Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 11,686 $ 10.24 Granted 6,117 9.56 Vested (3,614) 10.88 Forfeited (1,154) 10.52 Balance, July 31, 2024 13,035 $ 9.73
Schedule of PSU Activity	The following table summarizes PSU activity and related information (in thousands, except weighted-average grant date fair value): Number of PSUs Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 2,310 $ 14.31 Granted 334 8.04 Forfeited (120) 9.15 Balance, July 31, 2024 2,524 $ 13.72
Schedule of Fair Value of ESPP Purchase Rights Using a Black-Scholes Option Pricing Model	We estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions: Three and Six Months Ended July 31, 2024 Three and Six Months Ended July 31, 2023 Fair value of common stock $ 9.50 $ 11.55 Expected volatility 41.7% - 52.2% 37.1% - 45.7% Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Risk-free interest rate 5.1% - 5.5% 3.0% - 4.8% Expected dividend yield — % — %
Schedule of Stock-Based Compensation Expense	Stock-based compensation expense was recorded in the following cost and expense categories in the accompanying unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended Six Months Ended 2024 2023 2024 2023 Cost of subscription revenue $ 2,377 $ 2,180 $ 3,960 $ 4,539 Cost of professional services revenue 2,723 3,229 4,761 6,250 Research and development 8,080 6,752 13,983 13,496 Sales and marketing 7,521 8,689 12,996 16,666 General and administrative 5,007 5,798 8,469 10,921 Total stock-based compensation expense $ 25,708 $ 26,648 $ 44,169 $ 51,872
Schedule of Unrecognized Compensation Costs Related to Unvested Equity Awards	As of July 31, 2024, unrecognized compensation costs related to unvested equity awards and the weighted-average remaining period over which those costs are expected to be recognized were as follows (dollars in thousands): Stock Options RSUs PSUs ESPP Unrecognized compensation costs $ 733 $ 105,026 $ 24,474 $ 1,838 Weighted-average remaining recognition period 0.7 years 1.9 years 0.9 years 0.6 years

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share for the periods presented (in thousands, except per share data): Three Months Ended Six Months Ended 2024 2023 2024 2023 Numerator: Net loss $ (7,221) $ (22,562) $ (20,929) $ (41,857) Denominator: Weighted-average common shares outstanding, basic and diluted 149,377 138,605 148,038 137,417 Net loss per share, basic and diluted $ (0.05) $ (0.16) $ (0.14) $ (0.30)
Schedule of Potential Dilutive Securities Not Included in Diluted Per Share Calculations	Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands): July 31, 2024 2023 2029 Notes conversion 20,000 12,500 Unvested RSUs issued and outstanding 13,035 14,951 Warrants 7,500 7,500 Issued and outstanding stock options 4,721 6,637 Unvested PSUs issued and outstanding 2,524 2,855 Shares committed under ESPP 246 290 Total 48,026 44,733

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jul. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Preliminary Estimate of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary estimate of the fair value of the assets acquired and liabilities assumed as of May 9, 2024 (in thousands): Total Cash $ 1,202 Prepaid expenses and other current assets 95 Fixed Assets 29 Intangible assets: Tradename 10 Developed technology 12,700 Customer relationships 340 Goodwill 12,614 Deferred tax liability (2,663) Accounts payable and other current liabilities (14) Fair value of net assets acquired $ 24,313
Summary of Acquired Identifiable Intangible Assets	The following table summarizes the acquired identifiable intangible assets, Togai Closing Date estimated fair values, and estimated useful lives (dollars in thousands): Fair Value Useful Life Developed technology $ 12,700 8.0 years Customer relationships 340 4.0 years Trade name 10 1.0 year Total intangible assets acquired $ 13,050

Investments - Schedule of Amort

Investments - Schedule of Amortized Cost, Unrealized Gains and Losses and Estimated Fair Value of Short-Term Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 306,459	$ 257,964
Gross Unrealized Gains	105	171
Gross Unrealized Losses	(134)	(15)
Fair Value	306,430	258,120
U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	99,869	98,206
Gross Unrealized Gains	15	50
Gross Unrealized Losses	(66)	(7)
Fair Value	99,818	98,249
Agency bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	27,340	26,168
Gross Unrealized Gains	0	38
Gross Unrealized Losses	(10)	0
Fair Value	27,330	26,206
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	179,250	103,599
Gross Unrealized Gains	90	83
Gross Unrealized Losses	(58)	(3)
Fair Value	$ 179,282	103,679
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		29,991
Gross Unrealized Gains		0
Gross Unrealized Losses		(5)
Fair Value		$ 29,986

Investments - Narrative (Detail

Investments - Narrative (Details)	Jul. 31, 2024
Maximum
Debt Securities, Available-for-sale [Line Items]
Securities stated effective maturities (in years)	2 years

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Hierarchy for Financial Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Short-term investments:
Total short-term investments	$ 306,430	$ 258,120
U.S. government securities
Short-term investments:
Total short-term investments	99,818	98,249
Agency bonds
Short-term investments:
Total short-term investments	27,330	26,206
Corporate bonds
Short-term investments:
Total short-term investments	179,282	103,679
Commercial paper
Short-term investments:
Total short-term investments		29,986
Recurring
Cash equivalents:
Total cash equivalents	192,238	211,129
Short-term investments:
Total short-term investments	306,430	258,120
Liabilities:
Total liabilities		18,840
Recurring | U.S. government securities
Short-term investments:
Total short-term investments	99,818	98,249
Recurring | Agency bonds
Short-term investments:
Total short-term investments	27,330	26,206
Recurring | Corporate bonds
Short-term investments:
Total short-term investments	179,282	103,679
Recurring | Commercial paper
Short-term investments:
Total short-term investments		29,986
Recurring | Warrant liability
Liabilities:
Warrant and debt conversion liability		11,992
Recurring | Debt conversion liability
Liabilities:
Warrant and debt conversion liability		6,848
Recurring | Money market funds
Cash equivalents:
Total cash equivalents	192,238	207,632
Recurring | Corporate bonds
Cash equivalents:
Total cash equivalents		3,497
Recurring | Level 1
Cash equivalents:
Total cash equivalents	192,238	211,129
Short-term investments:
Total short-term investments	0	0
Liabilities:
Total liabilities		0
Recurring | Level 1 | U.S. government securities
Short-term investments:
Total short-term investments	0	0
Recurring | Level 1 | Agency bonds
Short-term investments:
Total short-term investments	0	0
Recurring | Level 1 | Corporate bonds
Short-term investments:
Total short-term investments	0	0
Recurring | Level 1 | Commercial paper
Short-term investments:
Total short-term investments		0
Recurring | Level 1 | Warrant liability
Liabilities:
Warrant and debt conversion liability		0
Recurring | Level 1 | Debt conversion liability
Liabilities:
Warrant and debt conversion liability		0
Recurring | Level 1 | Money market funds
Cash equivalents:
Total cash equivalents	192,238	207,632
Recurring | Level 1 | Corporate bonds
Cash equivalents:
Total cash equivalents		3,497
Recurring | Level 2
Cash equivalents:
Total cash equivalents	0	0
Short-term investments:
Total short-term investments	306,430	258,120
Liabilities:
Total liabilities		0
Recurring | Level 2 | U.S. government securities
Short-term investments:
Total short-term investments	99,818	98,249
Recurring | Level 2 | Agency bonds
Short-term investments:
Total short-term investments	27,330	26,206
Recurring | Level 2 | Corporate bonds
Short-term investments:
Total short-term investments	179,282	103,679
Recurring | Level 2 | Commercial paper
Short-term investments:
Total short-term investments		29,986
Recurring | Level 2 | Warrant liability
Liabilities:
Warrant and debt conversion liability		0
Recurring | Level 2 | Debt conversion liability
Liabilities:
Warrant and debt conversion liability		0
Recurring | Level 2 | Money market funds
Cash equivalents:
Total cash equivalents	0	0
Recurring | Level 2 | Corporate bonds
Cash equivalents:
Total cash equivalents		0
Recurring | Level 3
Cash equivalents:
Total cash equivalents	0	0
Short-term investments:
Total short-term investments	0	0
Liabilities:
Total liabilities		18,840
Recurring | Level 3 | U.S. government securities
Short-term investments:
Total short-term investments	0	0
Recurring | Level 3 | Agency bonds
Short-term investments:
Total short-term investments	0	0
Recurring | Level 3 | Corporate bonds
Short-term investments:
Total short-term investments	0	0
Recurring | Level 3 | Commercial paper
Short-term investments:
Total short-term investments		0
Recurring | Level 3 | Warrant liability
Liabilities:
Warrant and debt conversion liability		11,992
Recurring | Level 3 | Debt conversion liability
Liabilities:
Warrant and debt conversion liability		6,848
Recurring | Level 3 | Money market funds
Cash equivalents:
Total cash equivalents	$ 0	0
Recurring | Level 3 | Corporate bonds
Cash equivalents:
Total cash equivalents		$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Changes in Level 3 Fair Value Measurements (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2024 USD ($)
Warrant Liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 11,992
Change in fair value through June 27, 2024	9,369
Reclassification of warrant liability to equity	(21,361)
Ending balance	0
Debt Conversion Liability
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	6,848
Change in fair value through June 27, 2024	(428)
Reclassification of debt conversion liability to equity	(6,420)
Ending balance	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value	$ 402,300
Initial Notes | Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net carrying amount of debt	$ 365,300	$ 359,525

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Prepaid expenses and other current assets
Prepaid software subscriptions	$ 7,321	$ 6,582
Taxes	5,064	4,348
Contract assets	3,611	1,380
Interest receivable	2,027	1,377
Prepaid insurance	1,729	2,305
Deposits	1,207	699
Prepaid hosting costs	526	1,157
Other	4,377	5,413
Total	$ 25,862	$ 23,261

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Property and Equipment [Line Items]
Property and equipment, gross	$ 70,859	$ 66,630
Less: accumulated depreciation and amortization	(43,977)	(40,669)
Total	26,882	25,961
Internal-use software
Property and Equipment [Line Items]
Property and equipment, gross	41,304	35,883
Leasehold improvements
Property and Equipment [Line Items]
Property and equipment, gross	13,546	14,013
Computer equipment
Property and Equipment [Line Items]
Property and equipment, gross	11,533	11,125
Furniture and fixtures
Property and Equipment [Line Items]
Property and equipment, gross	3,143	4,276
Purchased software
Property and Equipment [Line Items]
Property and equipment, gross	$ 1,333	$ 1,333

Property and Equipment, Net -_2

Property and Equipment, Net - Schedule of Total Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Total depreciation and amortization expense	$ 2,564	$ 2,444	$ 4,933	$ 4,982

Purchased Intangible Assets a_3

Purchased Intangible Assets and Goodwill - Schedule of Purchased Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 37,943	$ 24,893
Accumulated Amortization	(16,353)	(14,811)
Net Carrying Amount	21,590	10,082
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	30,697	17,997
Accumulated Amortization	(10,848)	(9,782)
Net Carrying Amount	19,849	8,215
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,527	5,187
Accumulated Amortization	(4,085)	(3,786)
Net Carrying Amount	1,442	1,401
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,719	1,709
Accumulated Amortization	(1,420)	(1,243)
Net Carrying Amount	$ 299	$ 466

Purchased Intangible Assets a_4

Purchased Intangible Assets and Goodwill - Narrative (Details)	6 Months Ended
	Jul. 31, 2024
Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	3 years
Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	10 years

Purchased Intangible Assets a_5

Purchased Intangible Assets and Goodwill - Schedule of Amortization Expense Recognized on Purchased Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Purchased intangible assets amortization expense	$ 934	$ 738	$ 1,542	$ 1,476

Purchased Intangible Assets a_6

Purchased Intangible Assets and Goodwill - Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
2025 (remainder of the year)	$ 1,995
2026	3,547
2027	3,234
2028	3,234
2029	3,174
Thereafter	6,406
Net Carrying Amount	$ 21,590	$ 10,082

Purchased Intangible Assets a_7

Purchased Intangible Assets and Goodwill - Schedule of Changes to Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 56,657
Addition from acquisition	12,614
Effects of foreign currency translation	468
Ending balance	$ 69,739

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Payables and Accruals [Abstract]
Accrued outside services and consulting	$ 8,060	$ 1,499
Accrued taxes	3,632	4,147
Accrued hosting and third-party licenses	2,834	2,707
Accrued interest	1,344	1,344
Warrant liability	0	11,992
Debt conversion liability	0	6,848
Other accrued expenses	5,751	3,620
Total	$ 21,621	$ 32,157

Debt - Narrative (Details)

Debt - Narrative (Details) $ / shares in Units, shares in Millions, converted_share in Millions			6 Months Ended
	Jun. 27, 2024 USD ($)	Mar. 24, 2022 USD ($) converted_share $ / shares shares	Jul. 31, 2024 USD ($) shares	Sep. 22, 2023 USD ($)
First Citizen Bank & Trust Company
Debt Instrument [Line Items]
Basis spread on variable interest rate, minus (as a percent)			1%
Revolving Loan | First Citizen Bank & Trust Company
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity			$ 30,000,000
Amount drawn under credit facility			$ 0
Silver Lake Warrants
Debt Instrument [Line Items]
Number of securities called by warrants (in shares) | shares		7.5	7.5
Make-whole fundamental change scenarios, issuance of stock (as a percent)	20%	20%
Shares issuable upon conversion, recorded as equity	$ 21,400,000
Initial Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 250,000,000
Price per share conversion (in dollars per share) | $ / shares		$ 20
Number of equity instruments upon conversion (in shares) | converted_share		20
Initial conversion rate		0.05
Additional Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount				$ 150,000,000
2029 Notes
Debt Instrument [Line Items]
Make-whole fundamental change scenarios, issuance of stock (as a percent)	20%	20%
Shares issuable upon conversion (in shares) | shares		1.4
Value of shares issuable upon conversion		$ 6,100,000
Shares issuable upon conversion, recorded as equity	$ 6,400,000
2029 Notes | Convertible Senior Notes
Debt Instrument [Line Items]
Conversion percentage of par value		98%
Interest rate (as a percent)		3.95%
Optional in kind interest (as a percent)		5.50%
Debt discount amortization period (in years)		5 years
Effective interest rate (as a percent)		7.60%

Debt - Schedule of Carrying Val

Debt - Schedule of Carrying Value of Long-Term Debt (Details) - Initial Notes - Convertible Senior Notes - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Debt Instrument [Line Items]
2029 Notes principal	$ 400,000	$ 400,000
Unamortized deferred loan costs	(34,700)	(40,475)
Carrying value	$ 365,300	$ 359,525

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense Related to 2029 Notes (Details) - Initial Notes - Convertible Senior Notes - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Interest Expenses [Line Items]
Contractual interest expense	$ 3,950	$ 2,469	$ 7,900	$ 4,938
Amortization of deferred loan costs	2,990	2,094	5,775	3,998
Total interest expense	$ 6,940	$ 4,563	$ 13,675	$ 8,936

Debt - Schedule of Debt Convers

Debt - Schedule of Debt Conversion Liability's Fair Value (Details)	Jun. 27, 2024	Jan. 31, 2024
Fair Value Of Common Stock (in dollars per share)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	9.62	9.14
Conversion Price (in dollars per share)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	20	20
Expected Volatility (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	0.500	0.475
Risk-Free Interest Rate (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	0.049	0.038
Corporate Bond Yield (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	0.179	0.192
Coupon Interest Rate (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt conversion liability, measurement input	0.0395	0.0395

Debt - Changes in Fair Value Me

Debt - Changes in Fair Value Measurements of Warrant Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Debt Conversion Liability
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Gain on change in fair value of debt conversion liability	$ 1,248	$ 0	$ 428	$ 0

Warrants to Purchase Shares o_3

Warrants to Purchase Shares of Common Stock - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	Jun. 27, 2024	Sep. 22, 2023	Jul. 31, 2024	Jan. 31, 2024	Mar. 24, 2022
Class of Warrant or Right [Line Items]
Warrant liability			$ 0	$ 11,992
2029 Notes
Class of Warrant or Right [Line Items]
Make-whole fundamental change scenarios, issuance of stock (as a percent)	20%				20%
Shares issuable upon conversion, recorded as equity	$ 6,400
Silver Lake Warrants
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)			7.5		7.5
Warrants term (in years)					7 years
Make-whole fundamental change scenarios, issuance of stock (as a percent)	20%				20%
Warrants classified as liability (in shares)		4.7			2.8
Warrant liability					$ 12,000
Reclassification of warrants, net of allocated debt issuance costs, to accrued expenses and other current liabilities		$ 7,700
Shares issuable upon conversion, recorded as equity	$ 21,400
Silver Lake Warrants | Warrants, tranche one
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)					2.5
Exercise price of warrants (in dollars per share)					$ 20
Silver Lake Warrants | Warrants, tranche two
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)					2.5
Exercise price of warrants (in dollars per share)					$ 22
Silver Lake Warrants | Warrants, tranche three
Class of Warrant or Right [Line Items]
Number of securities called by warrants (in shares)					2.5
Exercise price of warrants (in dollars per share)					$ 24

Warrants to Purchase Shares o_4

Warrants to Purchase Shares of Common Stock - Schedule of Fair Value Measured Using Combination of Black-Scholes Option and Monte Carlo Simulation Models (Details) - Warrant liability	Jun. 27, 2024	Jan. 31, 2024
Fair value of common stock (in dollars per share)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	9.62	9.14
Exercise price (in dollars per share) | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	20	20
Exercise price (in dollars per share) | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	24	24
Expected Volatility (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.550	0.418
Expected term (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term (in years)	4 years 4 months 24 days	5 years 2 months 12 days
Coupon Interest Rate (as a percent)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.042	0.039
Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0	0

Warrants to Purchase Shares o_5

Warrants to Purchase Shares of Common Stock - Schedule of Recognized Losses and Gain on Revaluation of Liability-Classified Warrants (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Silver Lake Warrants
Class of Warrant or Right [Line Items]
Loss on change in fair value of warrant liability	$ (2,261)	$ (4,786)	$ (9,369)	$ (4,756)

Deferred Revenue and Performa_3

Deferred Revenue and Performance Obligations - Schedule of Revenue Recognized During Period Included in Deferred Revenue Balance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue recognized from deferred revenue	$ 89,184	$ 79,382	$ 144,234	$ 126,548

Deferred Revenue and Performa_4

Deferred Revenue and Performance Obligations - Narrative (Details) $ in Millions	Jul. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 577.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 577.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation (as a percent)	55%
Revenue, remaining performance obligation, period (in months)	12 months

Geographical Information (Detai

Geographical Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 115,396	$ 108,048	$ 225,165	$ 211,143
United States
Disaggregation of Revenue [Line Items]
Revenue	$ 73,062	$ 69,348	$ 141,745	$ 134,755
United States | Revenue | Geographic Concentration
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	63%	64%	63%	64%
Others
Disaggregation of Revenue [Line Items]
Revenue	$ 42,334	$ 38,700	$ 83,420	$ 76,388
Others | Revenue | Geographic Concentration
Disaggregation of Revenue [Line Items]
Concentration risk (as a percent)	37%	36%	37%	36%

Leases - Narrative (Details)

Leases - Narrative (Details)	Jul. 31, 2024 extension_option
Minimum
Lessee, Lease, Description [Line Items]
Number of lease extension options	1
Maximum
Lessee, Lease, Description [Line Items]
Operating renewal term (in years)	7 years

Leases - Schedule of Components

Leases - Schedule of Components of Long-Term Operating Leases and Operating Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Jan. 31, 2024
Operating Leases
Operating lease right-of-use assets	$ 21,783		$ 21,783		$ 22,462
Operating lease liabilities, current portion	6,710		6,710		6,760
Operating lease liabilities, net of current portion	34,508		34,508		37,100
Total operating lease liabilities	41,218		41,218		$ 43,860
Lease Cost
Operating lease cost	1,981	$ 2,183	3,991	$ 4,409
Short-term operating lease costs	374	139	825	241
Sublease income	$ (123)	$ (98)	$ (221)	$ (195)

Leases - Schedule of Future Mat

Leases - Schedule of Future Maturities of Long Term Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Maturities of Operating Lease Liabilities
2025 (remainder of the year)	$ 3,935
2026	9,358
2027	8,622
2028	8,027
2029	6,881
Thereafter	10,608
Total lease payments	47,431
Less imputed interest	(6,213)
Present value of lease liabilities	$ 41,218	$ 43,860

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information Related to Long-Term Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Jan. 31, 2024
Lease Term and Discount Rate
Weighted-average remaining operating lease term (in years)	5 years 6 months		5 years 6 months		5 years 10 months 24 days
Weighted-average operating lease discount rate (as a percent)	5%		5%		5.10%
Cash paid for amounts included in the measurement of lease liabilities:
Cash paid for operating leases	$ 2,235	$ 4,038	$ 5,356	$ 7,528
New right-of-use assets obtained in exchange for lease liabilities:
Operating leases obtained	$ 1,615	$ 0	$ 1,615	$ 6,973

Commitments and Contingencies (

Commitments and Contingencies (Details)	Jul. 31, 2024 USD ($) vendor	Jan. 31, 2024 USD ($)
Cloud Computing Services
Other Commitments [Line Items]
Contractual obligation	$ 30,000,000
Number of vendors related to contractual obligation | vendor	1
Certain Facility Lease Agreements | Irrevocable Letters of Credit
Other Commitments [Line Items]
Letters of credit available	$ 3,000,000	$ 4,500,000
Letters of credit outstanding	$ 0	$ 0

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision, Pretax Loss, and Effective Tax Rate (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 [Abstract]
Loss before income taxes	$ (9,499)	$ (21,975)	$ (22,855)	$ (40,801)
Income tax (benefit) provision	$ (2,278)	$ 587	$ (1,926)	$ 1,056
Effective tax rate (as a Percent)	24%	(2.70%)	8.40%	(2.60%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Millions	6 Months Ended
	Jul. 31, 2024 USD ($)
Income Tax Disclosure [Abstract]
Deferred tax benefit	$ 2.7

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)	Jul. 31, 2024 vote $ / shares shares
Class of Stock [Line Items]
Preferred stock authorized (in shares)	10,000,000
Preferred stock par value (in dollars per share) | $ / shares	$ 0.0001
Preferred stock issued (in shares)	0
Preferred stock outstanding (in shares)	0
Class A common stock
Class of Stock [Line Items]
Number of votes for each share of stock held | vote	1
Common stock authorized (in shares)	500,000,000
Common stock par value (in dollars per share) | $ / shares	$ 0.0001
Common stock issued (in shares)	143,000,000
Common stock outstanding (in shares)	143,000,000
Class B common stock
Class of Stock [Line Items]
Number of votes for each share of stock held | vote	10
Common stock authorized (in shares)	500,000,000
Common stock par value (in dollars per share) | $ / shares	$ 0.0001
Common stock issued (in shares)	8,500,000
Common stock outstanding (in shares)	8,500,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 139,298	$ 103,683	$ 133,687	$ 97,160
Foreign currency translation adjustment	171	(404)	(76)	(687)
Unrealized loss on available-for-sale securities	302	172	(185)	512
Ending balance	192,047	112,727	192,047	112,727
AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,593)	(862)	(859)	(919)
Ending balance	(1,120)	$ (1,094)	(1,120)	$ (1,094)
Foreign Currency Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1,015)
Foreign currency translation adjustment			(76)
Ending balance	(1,091)		(1,091)
Unrealized Gain (Loss) on Available-for-Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			156
Unrealized loss on available-for-sale securities			(185)
Ending balance	$ (29)		$ (29)

Employee Stock Plans - Narrativ

Employee Stock Plans - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended				6 Months Ended
	Apr. 30, 2024 tranche shares	Jul. 31, 2024 shares	Apr. 30, 2024 USD ($) tranche	Jul. 31, 2023 shares	Apr. 30, 2023 USD ($)	Jul. 31, 2024 purchasePeriod shares	Jul. 31, 2023 shares	Sep. 30, 2023 tranche
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		0		0		0	0
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental compensation expense | $					$ 9.6
Reversal of expense | $			$ 3.4
Granted (in shares)	34,000					334,000
PSUs | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche	2		2
Granted (in shares)	300,000
Vesting period (in years)	4 years
PSUs | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche								2
PSUs | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches | tranche								3
2018 Equity Incentive Plan | Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved and available for issuance (in shares)		29,700,000				29,700,000
2006 Stock Plan and 2015 Equity Incentive Plan | Stock Options and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate equity awards outstanding (in shares)		2,500,000				2,500,000
2018 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved and available for issuance (in shares)		5,000,000				5,000,000
ESPP offering period (in months)						24 months
Number of purchase periods in offering period | purchasePeriod						4
Term of purchase period (in months)						6 months
Purchase price, percentage of fair market value						85%

Employee Stock Plans - Schedule

Employee Stock Plans - Schedule of Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2024 USD ($) $ / shares shares	Jan. 31, 2024 USD ($) $ / shares shares
Shares Subject To Outstanding Stock Options
Outstanding, beginning balance (in shares) | shares	6,083
Exercised (in shares) | shares	(991)
Forfeited (in shares) | shares	(371)
Outstanding, ending balance (in shares) | shares	4,721	6,083
Exercisable (in shares) | shares	2,512
Vested and expected to vest (in shares) | shares	4,716
Weighted-Average Exercise Price
Weighted average exercise price, beginning balance (in dollars per share) | $ / shares	$ 9.21
Exercised (in dollars per share) | $ / shares	3.30
Forfeited (in dollars per share) | $ / shares	12.35
Weighted average exercise price, ending balance (in dollars per share) | $ / shares	10.20	$ 9.21
Exercisable (in dollars per share) | $ / shares	5.11
Vested and expected to vest (in dollars per share) | $ / shares	$ 10.20
Average Remaining Contractual Term (Years)
Average remaining contractual term (years), outstanding	3 years 8 months 12 days	3 years 7 months 6 days
Average remaining contractual term (years), exercisable	2 years 2 months 12 days
Average remaining contractual term (years), vested and expected to vest	3 years 8 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value, outstanding | $	$ 9,952	$ 15,984
Aggregate intrinsic value, exercisable | $	9,952
Aggregate intrinsic value, vested and expected to vest | $	$ 9,952

Employee Stock Plans - Schedu_2

Employee Stock Plans - Schedule of Stock Option Grant Date Fair Value and Intrinsic Value of Options Exercised (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Aggregate intrinsic value of options exercised during each respective period	$ 2,840	$ 651	$ 5,902	$ 1,030

Employee Stock Plans - Schedu_3

Employee Stock Plans - Schedule of RSU and PSU Activity (Details) - $ / shares shares in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2024	Jul. 31, 2024
RSUs
Number Outstanding
Outstanding, beginning balance (in shares)		11,686
Granted (in shares)		6,117
Vested (in shares)		(3,614)
Forfeited (in shares)		(1,154)
Outstanding, ending balance (in shares)		13,035
Weighted-Average Grant Date Fair Value
Outstanding, beginning balance (in dollars per share)		$ 10.24
Granted (in dollars per share)		9.56
Vested (in dollars per share)		10.88
Forfeited (in dollars per share)		10.52
Outstanding, ending balance (in dollars per share)		$ 9.73
PSUs
Number Outstanding
Outstanding, beginning balance (in shares)		2,310
Granted (in shares)	34	334
Forfeited (in shares)		(120)
Outstanding, ending balance (in shares)		2,524
Weighted-Average Grant Date Fair Value
Outstanding, beginning balance (in dollars per share)		$ 14.31
Granted (in dollars per share)		8.04
Forfeited (in dollars per share)		9.15
Outstanding, ending balance (in dollars per share)		$ 13.72

Employee Stock Plans - Schedu_4

Employee Stock Plans - Schedule of Fair Value of ESPP Purchase Rights Using a Black-Scholes Option Pricing Model (Details) - 2018 ESPP - $ / shares	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock (in dollars per share)	$ 9.50	$ 11.55	$ 9.50	$ 11.55
Expected volatility, minimum (as a percent)	41.70%	37.10%	41.70%	37.10%
Expected volatility, maximum (as a percent)	52.20%	45.70%	52.20%	45.70%
Risk-free interest rate, minimum (as a percent)	5.10%	3%	5.10%	3%
Risk-free interest rate, maximum (as a percent)	5.50%	4.80%	5.50%	4.80%
Expected dividend yield	0%	0%	0%	0%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months	6 months	6 months
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years	2 years	2 years	2 years

Employee Stock Plans - Schedu_5

Employee Stock Plans - Schedule 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
Cost of Revenue
Stock-based compensation expense	$ 25,708	$ 26,648	$ 44,169	$ 51,872
Cost of subscription revenue
Cost of Revenue
Stock-based compensation expense	2,377	2,180	3,960	4,539
Cost of professional services revenue
Cost of Revenue
Stock-based compensation expense	2,723	3,229	4,761	6,250
Research and development
Cost of Revenue
Stock-based compensation expense	8,080	6,752	13,983	13,496
Sales and marketing
Cost of Revenue
Stock-based compensation expense	7,521	8,689	12,996	16,666
General and administrative
Cost of Revenue
Stock-based compensation expense	$ 5,007	$ 5,798	$ 8,469	$ 10,921

Employee Stock Plans - Schedu_6

Employee Stock Plans - Schedule of Unrecognized Compensation Costs Related to Unvested Equity Awards (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2024 USD ($)
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, stock options	$ 733
Weighted-average remaining recognition period (in years)	8 months 12 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 105,026
Weighted-average remaining recognition period (in years)	1 year 10 months 24 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 24,474
Weighted-average remaining recognition period (in years)	10 months 24 days
2018 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,838
Weighted-average remaining recognition period (in years)	7 months 6 days

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Calculation of Basic and Diluted Net Loss Per Share (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 loss	$ (7,221)	$ (22,562)	$ (20,929)	$ (41,857)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	149,377	138,605	148,038	137,417
Weighted-average common shares outstanding, diluted (in shares)	149,377	138,605	148,038	137,417
Net loss per share, basic (in dollars per share)	$ (0.05)	$ (0.16)	$ (0.14)	$ (0.30)
Net loss per share, diluted (in dollars per share)	$ (0.05)	$ (0.16)	$ (0.14)	$ (0.30)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Potential Dilutive Securities Not Included in Diluted Per Share Calculations (Details) - shares shares in Thousands	6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	48,026	44,733
2029 Notes conversion
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	20,000	12,500
Unvested RSUs issued and outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	13,035	14,951
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	7,500	7,500
Issued and outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	4,721	6,637
Unvested PSUs issued and outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	2,524	2,855
Shares committed under ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share calculation (in shares)	246	290

Acquisition - Narrative (Detail

Acquisition - Narrative (Details)	May 09, 2024 USD ($)
Togai Inc.
Business Acquisition [Line Items]
Percentage of voting equity interests	100%
Voting equity interest acquired through a power of attorney	0.40%
Purchase consideration	$ 24,300,000
Goodwill expected tax deductible amount	$ 0
Leeyo Software, Inc | Togai Inc.
Business Acquisition [Line Items]
Percentage of subsidiary owned	100%

Acquisition - Schedule of Preli

Acquisition - Schedule of Preliminary Estimate of Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 31, 2024	May 09, 2024	Jan. 31, 2024
Business Acquisition [Line Items]
Goodwill	$ 69,739		$ 56,657
Togai Inc.
Business Acquisition [Line Items]
Cash		$ 1,202
Prepaid expenses and other current assets		95
Fixed Assets		29
Goodwill		12,614
Deferred tax liability		(2,663)
Accounts payable and other current liabilities		(14)
Fair value of net assets acquired		24,313
Togai Inc. | Tradename
Business Acquisition [Line Items]
Intangible assets:		10
Togai Inc. | Developed technology
Business Acquisition [Line Items]
Intangible assets:		12,700
Togai Inc. | Customer relationships
Business Acquisition [Line Items]
Intangible assets:		$ 340

Acquisition - Schedule of Acqui

Acquisition - Schedule of Acquired Identifiable Intangible Assets (Details) - Togai Inc. $ in Thousands	May 09, 2024 USD ($)
Business Acquisition [Line Items]
Fair Value	$ 13,050
Developed technology
Business Acquisition [Line Items]
Fair Value	$ 12,700
Useful Life (in years)	8 years
Customer relationships
Business Acquisition [Line Items]
Fair Value	$ 340
Useful Life (in years)	4 years
Tradename
Business Acquisition [Line Items]
Fair Value	$ 10
Useful Life (in years)	1 year