MongoDB (MDB) 10-Q 31 May 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 30, 2024	May 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-38240
Entity Registrant Name	MONGODB, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1463205
Entity Address, Address Line One	1633 Broadway,
Entity Address, Address Line Two	38th Floor
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	646
Local Phone Number	727-4092
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	MDB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		73,350,695
Entity Central Index Key	0001441816
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Period End Date	Apr. 30, 2024

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 815,704	$ 802,959
Short-term investments	1,258,292	1,212,448
Accounts receivable, net of allowance for doubtful accounts of $7,814 and $8,054 as of April 30, 2024 and January 31, 2024, respectively	266,025	325,610
Deferred commissions	93,390	92,512
Prepaid expenses and other current assets	218,914	50,107
Total current assets	2,652,325	2,483,636
Property and equipment, net	50,214	53,042
Operating lease right-of-use assets	34,807	37,365
Goodwill	69,679	69,679
Acquired intangible assets, net	1,303	3,957
Deferred tax assets	4,524	4,116
Other assets	221,577	217,847
Total assets	3,034,429	2,869,642
Current liabilities:
Accounts payable	9,349	9,905
Accrued compensation and benefits	110,234	112,579
Operating lease liabilities	9,881	9,797
Other accrued liabilities	84,110	74,831
Deferred revenue	323,920	357,108
Total current liabilities	537,494	564,220
Deferred tax liability	770	285
Operating lease liabilities, non-current	28,417	30,918
Deferred revenue	16,210	20,296
Convertible senior notes, net	1,144,125	1,143,273
Other liabilities	38,157	41,661
Total liabilities	1,765,173	1,800,653
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of April 30, 2024 and January 31, 2024; 73,449,966 shares issued and 73,350,595 shares outstanding as of April 30, 2024; 72,840,692 shares issued and 72,741,321 shares outstanding as of January 31, 2024	73	73
Additional paid-in capital	3,068,730	2,777,322
Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of April 30, 2024 and January 31, 2024	(1,319)	(1,319)
Accumulated other comprehensive (loss) income	(6,003)	4,545
Accumulated deficit	(1,792,225)	(1,711,632)
Total stockholders’ equity	1,269,256	1,068,989
Total liabilities and stockholders’ equity	$ 3,034,429	$ 2,869,642

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2024	Jan. 31, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 7,814	$ 8,054
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	1,000,000,000	1,000,000,000
Common stock issued (in shares)	73,449,966	72,840,692
Common stock outstanding (in shares)	73,350,595	72,741,321
Average repurchase price of treasury stock shares (in dollars per share)	$ 13.27	$ 13.27
Treasury Stock, Common, Shares	99,371	99,371

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Revenue:
Total revenue	$ 450,561	$ 368,280
Cost of revenue:
Total cost of revenue	122,697	97,449
Gross profit	327,864	270,831
Operating expenses:
Sales and marketing	219,444	182,733
Research and development	146,060	116,817
General and administrative	60,546	39,828
Total operating expenses	426,050	339,378
Loss from operations	(98,186)	(68,547)
Other (expense) income:
Interest income	23,111	18,037
Interest expense	(1,897)	(2,393)
Other (expense) income, net	(1,040)	1,144
Loss before provision for income taxes	(78,012)	(51,759)
Provision for income taxes	2,581	2,487
Net loss	$ (80,593)	$ (54,246)
Net loss per share, basic and diluted (in dollars per share)	$ (1.10)	$ (0.77)
Weighted-average shares used to compute net loss per share, basic and diluted (in shares)	72,990,141	70,177,499
Subscription
Revenue:
Total revenue	$ 436,896	$ 354,714
Cost of revenue:
Total cost of revenue	100,762	78,173
Services
Revenue:
Total revenue	13,665	13,566
Cost of revenue:
Total cost of revenue	$ 21,935	$ 19,276

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (80,593)	$ (54,246)
Other comprehensive income (loss), net of tax:
Unrealized (loss) income on available-for-sale securities	(9,541)	818
Foreign currency translation adjustment	(1,007)	921
Other comprehensive (loss) income	(10,548)	1,739
Total comprehensive loss	$ (91,141)	$ (52,507)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Jan. 31, 2023		69,906,586
Beginning balance at Jan. 31, 2023	$ 739,508	$ 70	$ 2,276,694	$ (1,319)	$ (905)	$ (1,535,032)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)		213,713
Stock option exercises	1,472		1,472
Vesting of restricted stock units (in shares)		388,017
Vesting of restricted stock units	1	$ 1
Vesting of performance stock units (in shares)		22,991
Stock-based compensation	103,955		103,955
Unrealized (loss) income on available-for-sale securities	818				818
Foreign currency translation adjustment	921				921
Net loss	(54,246)					(54,246)
Ending balance (in shares) at Apr. 30, 2023		70,531,307
Ending balance at Apr. 30, 2023	$ 792,429	$ 71	2,382,121	(1,319)	834	(1,589,278)
Beginning balance (in shares) at Jan. 31, 2024	72,741,321	72,741,321
Beginning balance at Jan. 31, 2024	$ 1,068,989	$ 73	2,777,322	(1,319)	4,545	(1,711,632)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)	132,617	132,617
Stock option exercises	$ 953		953
Vesting of restricted stock units (in shares)		399,213
Vesting of restricted stock units	0	$ 0
Vesting of performance stock units (in shares)		77,444
Stock-based compensation	120,763		120,763
Unrealized (loss) income on available-for-sale securities	(9,541)				(9,541)
Foreign currency translation adjustment	(1,007)				(1,007)
Reclassification of derivative related to the Capped Call associated with the 2024 Notes	169,692		169,692
Net loss	$ (80,593)					(80,593)
Ending balance (in shares) at Apr. 30, 2024	73,350,595	73,350,595
Ending balance at Apr. 30, 2024	$ 1,269,256	$ 73	$ 3,068,730	$ (1,319)	$ (6,003)	$ (1,792,225)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Cash flows from operating activities
Net loss	$ (80,593)	$ (54,246)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,826	4,373
Stock-based compensation	120,763	103,955
Amortization of debt discount and issuance costs	852	847
Amortization of finance right-of-use assets	993	994
Amortization of operating right-of-use assets	2,479	2,225
Deferred income taxes	7	(188)
Amortization of premium and accretion of discount on short-term investments, net	(7,781)	(13,230)
Unrealized foreign exchange loss	115	429
Change in operating assets and liabilities:
Accounts receivable, net	59,326	73,364
Prepaid expenses and other current assets	1,233	(2,909)
Deferred commissions	(4,820)	2,664
Other long-term assets	166	(46)
Accounts payable	(547)	(304)
Accrued liabilities	6,526	(12,631)
Operating lease liabilities	(2,185)	(2,394)
Deferred revenue	(37,431)	(47,266)
Other liabilities, non-current	163	319
Net cash provided by operating activities	63,613	53,730
Cash flows from investing activities
Purchases of property and equipment	(539)	(623)
Investments in non-marketable securities	0	(1,306)
Proceeds from maturities of marketable securities	125,000	280,000
Purchases of marketable securities	(172,604)	(66,789)
Net cash (used in) provided by investing activities	(48,143)	211,282
Cash flows from financing activities
Proceeds from exercise of stock options	953	1,472
Principal repayments of finance leases	(2,093)	(1,342)
Net cash (used in) provided by financing activities	(1,140)	130
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,583)	709
Net increase in cash, cash equivalents and restricted cash	12,747	265,851
Cash, cash equivalents and restricted cash, beginning of period	803,643	456,339
Cash, cash equivalents and restricted cash, end of period	816,390	722,190
Cash paid during the period for:
Income taxes, net of refunds	2,973	3,146
Interest expense	599	677
Reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets, end of period, to the amounts shown in the statements of cash flows above:
Cash and cash equivalents	815,704	721,787
Restricted cash, non-current	686	403
Total cash, cash equivalents and restricted cash	816,390	722,190
Unrealized Gain (Loss) on Investments	$ 479	$ 2,226

Organization and Description of

Organization and Description of Business	3 Months Ended
	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business MongoDB, Inc. (“MongoDB” or the “Company”) was originally incorporated in the state of Delaware in November 2007 under the name 10Gen, Inc. In August 2013, the Company changed its name to MongoDB, Inc. The Company is headquartered in New York City. MongoDB is the developer data platform company. The foundation of the Company’s offering is the leading, modern general purpose database, which is built on a unique document-based architecture. Organizations can deploy the Company’s database at scale in the cloud, on-premises, or in a hybrid environment. The Company’s robust platform enables developers to build and modernize applications rapidly and cost-effectively across a broad range of use cases. In addition to selling subscriptions to its software, the Company provides post-contract support, training and consulting services for its offerings. The Company’s fiscal year ends on January 31.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. These interim unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and in the opinion of management, reflect all adjustments, including normal recurring adjustments, which are considered necessary to fairly state the Company’s financial position and results of operations as of and for the periods presented. All intercompany transactions and accounts have been eliminated. The results of operations for the interim periods should not be considered indicative of results for the full year or for any other future year or interim period. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these interim unaudited condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2024 (the “2024 Form 10-K”). Use of Estimates The preparation of the interim unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Such estimates include, but are not limited to, revenue recognition, allowances for doubtful accounts, the period of benefit for deferred contract acquisition costs, the incremental borrowing rate related to the Company’s lease liabilities, stock-based compensation, legal contingencies, fair value of acquired intangible assets and goodwill, useful lives and carrying values of acquired intangible assets and property and equipment, fair value of financial instruments and accounting for income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. The global macroeconomic conditions, including slower economic growth, persistent inflation and a high interest rate environment, continue to impact demand and supply for a broad variety of goods and services, including demand from the Company’s customers. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, assumptions and judgments or adjust the carrying value of its assets or liabilities. These estimates may change as new events occur and additional information is obtained and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies as described in the Company’s 2024 Form 10-K.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present information about the Company’s financial assets that have been measured at fair value on a recurring basis as of April 30, 2024 and January 31, 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): Fair Value Measurement as of April 30, 2024 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 477,496 $ — $ — $ 477,496 Short-term investments: U.S. government treasury securities 1,258,292 — — 1,258,292 Prepaid expenses and other current assets: Derivative asset — 170,215 — 170,215 Total financial assets $ 1,735,788 $ 170,215 $ — $ 1,906,003 Fair Value Measurement as of January 31, 2024 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 512,456 $ — $ — $ 512,456 Short-term investments: U.S. government treasury securities 1,212,448 — — 1,212,448 Total financial assets $ 1,724,904 $ — $ — $ 1,724,904 The Company utilized the market approach and Level 1 valuation inputs to value its money market mutual funds and U.S. government treasury securities because published net asset values were readily available. The following table summarizes the amortized cost and fair value of the Company’s short-term investments by remaining contractual maturity as of April 30, 2024 and January 31, 2024 (in thousands): April 30, 2024 January 31, 2024 Amortized Unrealized Fair Value Amortized Unrealized Fair Value Due within one year $ 676,643 $ (1,758) $ 674,885 $ 520,006 $ (543) $ 519,463 Due after one year and within three years 588,959 (5,552) 583,407 690,211 2,774 692,985 Total short-term investments $ 1,265,602 $ (7,310) $ 1,258,292 $ 1,210,217 $ 2,231 $ 1,212,448 As of April 30, 2024, unrealized losses on the Company’s U.S. government treasury securities were approximately $7.3 million. As of January 31, 2024, unrealized gains on the Company’s U.S. government treasury securities were approximately $2.2 million. These unrealized gains and losses were caused by fluctuations in interest rates, which results in changes to the market value of these securities. Because the decline in fair value is due to changes in interest rates and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be at maturity, the Company concluded that an allowance for credit losses was unnecessary for short-term investments as of April 30, 2024. Gross realized gains and losses were not material for both the three months ended April 30, 2024 and 2023. There were no short-term investments in a continuous loss position for greater than twelve months. Convertible Senior Notes and Capped Calls The Company measures the fair value of its outstanding convertible senior notes on a quarterly basis for disclosure purposes. The Company considers the fair value of its convertible senior notes as of April 30, 2024 to be a Level 2 measurement due to limited trading activity of the convertible senior notes. The fair value measurements for the derivative asset related to the Capped Calls associated with the 2024 Notes are determined using the Black-Scholes option-pricing model with Level 1 and Level 2 inputs. The derivative asset was recognized as a result of the Company electing to cash settle the Capped Calls associated with the 2024 Notes (as defined herein). Refer to Note 5, Convertible Senior Notes , for further details on the convertible senior notes and Capped Calls. Non-marketable Securities As of April 30, 2024 and January 31, 2024, the total amount of non-marketable equity and debt securities included in other assets on the Company’s condensed consolidated balance sheets was $12.9 million. The Company did not make additional investments during the three months ended April 30, 2024 and invested an additional $1.3 million of its cash in non-marketable equity securities during the three months ended April 30, 2023. The Company recognized an immaterial net unrealized loss during the three months ended April 30, 2024 on certain of these non-marketable securities and net unrealized gain of $2.2 million during the three months ended April 30, 2023. Refer to Note 2, Summary of Significant Accounting Policies , in the Notes to Consolidated Financial Statements included in Part II, Item 8 of the Company’s 2024 Form 10-K for further information. The Company considers these assets as Level 3 within the fair value hierarchy when an impairment or observable price changes in orderly transactions are recognized on these non-marketable securities during the period. The estimation of fair value for these investments is inherently complex due to the lack of readily available market data and inherent lack of liquidity and requires the Company’s judgment and the use of significant unobservable inputs in an inactive market. In addition, the determination of whether an orderly transaction is for the identical or a similar investment requires significant management judgment, including understanding the differences in the rights and obligations of the investments, the extent to which those differences would affect the fair values of those investments and the stage of operational development of the entities.

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets, Net	Goodwill and Acquired Intangible Assets, Net The following table summarizes the changes in the carrying amount of goodwill during the periods presented (in thousands): April 30, 2024 January 31, 2024 Balance, beginning of the year $ 69,679 $ 57,779 Increase in goodwill related to business combinations — 11,900 Balance, end of the year $ 69,679 $ 69,679 On September 27, 2023, the Company acquired the assets of Grainite, Inc. (“Grainite”), for total cash consideration of $15.0 million. Grainite is a stream processing application company and the transaction is intended to accelerate the development of the Company’s stream processing offering. The Company accounted for the transaction as a business combination, after determining that the acquired set of assets, the fair value of which was not concentrated in a single asset, or group of similar assets, and included (a) an assembled workforce and (b) intangible asset, met the definition of a business. As a result, the Company allocated the estimated fair value of $3.1 million of the identifiable asset acquired to the developed technology intangible asset. The fair value assigned to the intangible asset was determined through the use of a third-party valuation firm using replacement cost approach methodology, and includes the expected profit margin of a hypothetical third-party developer and a market participant’s opportunity cost. Judgment was applied for a number of assumptions used in the valuation of the identified intangible asset. The excess of the cash consideration over the identifiable intangible assets in the amount of $11.9 million was allocated to goodwill. This transaction is accounted for as an asset acquisition for tax purposes, and therefore both the goodwill and acquired intangible asset are deductible for tax purposes. Tax impacts were not material. Acquisition-related transaction costs were not material and have been expensed as incurred and included in general and administrative expenses in the condensed consolidated statements of operations. The business combination did not have a material impact on the Company’s condensed consolidated financial statements. The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows (in thousands): April 30, 2024 Gross Carrying Value Accumulated Amortization Net Book Value Weighted-Average Remaining Useful Life Developed technology $ 41,200 $ (39,897) $ 1,303 1.9 Customer relationships 15,200 (15,200) — — Total $ 56,400 $ (55,097) $ 1,303 January 31, 2024 Gross Carrying Value Accumulated Amortization Net Book Value Weighted-Average Remaining Useful Life Developed technology $ 41,200 $ (37,328) $ 3,872 1.0 Customer relationships 15,200 (15,115) 85 0.3 Total $ 56,400 $ (52,443) $ 3,957 Acquired intangible assets are amortized on a straight-line basis. Amortization expense of intangible assets was $2.7 million and $2.3 million for the three months ended April 30, 2024 and 2023, respectively. Amortization expense for developed technology was included as research and development expense in the Company’s interim condensed consolidated statements of operations. Amortization expense for customer relationships was included as sales and marketing expense in the Company’s interim condensed consolidated statements of operations. As of April 30, 2024, future amortization expense related to the intangible assets is as follows (in thousands): Years Ending January 31, Remainder of 2025 $ 510 2026 680 2027 113 2028 — 2029 — Total $ 1,303

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	Apr. 30, 2024
Debt Disclosure [Abstract]
Convertible Senior Notes	Convertible Senior Notes The net carrying amounts of the Company’s 2026 Notes (as defined herein) were as follows for the periods presented (in thousands): April 30, 2024 January 31, 2024 Principal $ 1,149,972 $ 1,149,972 Unamortized debt issuance costs (5,847) (6,699) Net carrying amount $ 1,144,125 $ 1,143,273 As of April 30, 2024, the estimated fair value (Level 2) of the outstanding 2026 Notes, which is utilized solely for disclosure purposes, was approximately $2.0 billion. The fair value was determined based on the closing trading price per $100 of the 2026 Notes as of the last day of trading for the period. The fair value of the 2026 Notes is primarily affected by the trading price of the Company’s common stock and market interest rates. In January 2020, the Company issued $1.0 billion aggregate principal amount of 0.25% convertible senior notes due 2026 in a private placement and, also in January 2020, the Company issued an additional $150.0 million aggregate principal amount of convertible senior notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible senior notes (collectively, the “2026 Notes”). The 2026 Notes are senior unsecured obligations of the Company and interest is payable semiannually in arrears on July 15 and January 15 of each year, beginning on July 15, 2020, at a rate of 0.25% per year. The 2026 Notes will mature on January 15, 2026, unless earlier converted, redeemed or repurchased. The total net proceeds from the offering, after deducting initial purchase discounts and estimated debt issuance costs, were approximately $1.13 billion. Refer to Note 6, Convertible Senior Notes , in the Notes to Consolidated Financial Statements included in Part II, Item 8 of the Company’s 2024 Form 10-K for further information on the 2026 Notes. During the three months ended April 30, 2024, the conditional conversion feature of the 2026 Notes was triggered as the last reported sale price of the Company's common stock was more than or equal to 130% of the conversion price for at least 20 trading days in the period of 30 consecutive trading days ending on April 30, 2024 (the last trading day of the fiscal quarter) and therefore the 2026 Notes are convertible, in whole or in part, from May 1, 2024 through July 31, 2024. Whether the 2026 Notes will be convertible following such period will depend on the continued satisfaction of this condition or another conversion condition in the future. Capped Calls In connection with the pricing of the issuance of our convertible notes due June 15, 2024 (the “2024 Notes”) and the 2026 Notes, the Company entered into privately negotiated capped call transactions with certain counterparties (the “Capped Calls”). The Capped Calls associated with the 2024 Notes each have an initial strike price of approximately $68.15 per share, subject to certain adjustments, which corresponded to the initial conversion price of the 2024 Notes. These Capped Calls have initial cap prices of $106.90 per share, subject to certain adjustments. In April 2024, the Company elected cash settlement for the Capped Calls associated with the 2024 Notes. The settlement period of the Capped Calls associated with the 2024 Notes ranges between April 2024 and June 2024 with cash receipt in June 2024. Upon the cash settlement election, the instrument, initially indexed to the Company’s own stock, no longer met the criteria for equity classification and was reclassified from stockholder’s equity to assets on the Company’s condensed consolidated balance sheet. The reclassification resulted in the recognition of a derivative asset, with an estimated fair value at cash settlement election date of $169.7 million, with a corresponding increase in additional paid in capital, which is reflected as a noncash financing activity for the three months ended April 30, 2024. The derivative asset is included in prepaid expenses and other current assets on the Company’s condensed consolidated balance sheet. The fair value of the derivative instrument as of April 30, 2024, was $170.2 million and as a result the Company recognized an unrealized gain of $0.5 million, which was recorded in other income (expense), net, on the Company interim condensed consolidated statement of operations. The fair values of the derivative asset related to the Capped Calls associated with the 2024 Notes were determined using the Black-Scholes option-pricing model with significant inputs being the Company’s share price and the risk free rate, based on the Secured Overnight Offering Rate, at each valuation date. The impact of volatility was not significant on the fair value measurements. The Capped Calls associated with the 2026 Notes each have an initial strike price of approximately $211.20 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2026 Notes. These Capped Calls have initial cap prices of $296.42 per share, subject to certain adjustments. The Company did not unwind any of its Capped Calls through April 30, 2024. Refer to Note 6, Convertible Senior Notes , in the Notes to Consolidated Financial Statements included in Part II, Item 8 of the Company’s 2024 Form 10-K for further information on the Capped Calls and the 2024 Notes.

Leases

Leases	3 Months Ended
	Apr. 30, 2024
Leases [Abstract]
Leases	Leases The Company has entered into non-cancelable operating and finance lease agreements, principally real estate for office space globally. The Company may receive renewal or expansion options, leasehold improvement allowances or other incentives on certain lease agreements. Lease terms range from one Lease Costs The components of the Company’s lease costs included in its interim condensed consolidated statements of operations were as follows (in thousands): Three Months Ended April 30, 2024 2023 Finance lease cost: Amortization of finance lease right-of-use assets $ 993 $ 994 Interest on finance lease liabilities 599 676 Operating lease cost 3,023 2,658 Short-term lease cost 1,516 1,363 Total lease cost $ 6,131 $ 5,691 Balance Sheet Components The balances of the Company’s finance and operating leases were recorded on the condensed consolidated balance sheets as follows (in thousands): April 30, 2024 January 31, 2024 Finance Lease: Property and equipment, net $ 22,521 $ 23,514 Other accrued liabilities, current 5,754 6,179 Other liabilities, non-current 35,843 37,511 Operating Leases: Operating lease right-of-use assets $ 34,807 $ 37,365 Operating lease liabilities, current 9,881 9,797 Operating lease liabilities, non-current 28,417 30,918 Maturities of Lease Liabilities Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2024 were as follows (in thousands): Year Ending January 31, Finance Lease Operating Leases Remainder of 2025 $ 5,754 $ 8,993 2026 8,711 9,265 2027 8,711 6,483 2028 8,711 5,664 2029 8,711 5,434 Thereafter 7,985 7,929 Total minimum payments 48,583 43,768 Less imputed interest (6,986) (5,470) Present value of future minimum lease payments 41,597 38,298 Less current obligations under leases (5,754) (9,881) Non-current lease obligations $ 35,843 $ 28,417
Leases	Leases The Company has entered into non-cancelable operating and finance lease agreements, principally real estate for office space globally. The Company may receive renewal or expansion options, leasehold improvement allowances or other incentives on certain lease agreements. Lease terms range from one Lease Costs The components of the Company’s lease costs included in its interim condensed consolidated statements of operations were as follows (in thousands): Three Months Ended April 30, 2024 2023 Finance lease cost: Amortization of finance lease right-of-use assets $ 993 $ 994 Interest on finance lease liabilities 599 676 Operating lease cost 3,023 2,658 Short-term lease cost 1,516 1,363 Total lease cost $ 6,131 $ 5,691 Balance Sheet Components The balances of the Company’s finance and operating leases were recorded on the condensed consolidated balance sheets as follows (in thousands): April 30, 2024 January 31, 2024 Finance Lease: Property and equipment, net $ 22,521 $ 23,514 Other accrued liabilities, current 5,754 6,179 Other liabilities, non-current 35,843 37,511 Operating Leases: Operating lease right-of-use assets $ 34,807 $ 37,365 Operating lease liabilities, current 9,881 9,797 Operating lease liabilities, non-current 28,417 30,918 Maturities of Lease Liabilities Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2024 were as follows (in thousands): Year Ending January 31, Finance Lease Operating Leases Remainder of 2025 $ 5,754 $ 8,993 2026 8,711 9,265 2027 8,711 6,483 2028 8,711 5,664 2029 8,711 5,434 Thereafter 7,985 7,929 Total minimum payments 48,583 43,768 Less imputed interest (6,986) (5,470) Present value of future minimum lease payments 41,597 38,298 Less current obligations under leases (5,754) (9,881) Non-current lease obligations $ 35,843 $ 28,417

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Non-cancelable Material Commitments During the three months ended April 30, 2024, other than certain non-cancelable operating leases described in Note 6, Leases , there have been no material changes outside the ordinary course of business t o the Company’s contractual obligations and commitments from those disclosed in the 2024 Form 10-K. Legal Matters The Company investigates all claims, litigation and other legal matters as they arise. From time to time, the Company has become involved in claims, litigation and other legal matters arising in the ordinary course of business, including intellectual property, labor and employment and breach of contract claims. Although claims and litigation are inherently unpredictable, as of April 30, 2024, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together have a material adverse effect on its business, financial position, results of operations or cash flows. The Company accrues estimates for resolution of legal and other contingencies when losses are probable and estimable. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors. Indemnification The Company enters into indemnification provisions under its agreements with other companies in the ordinary course of business, including business partners, landlords, contractors and parties performing its research and development. Pursuant to these arrangements, the Company agrees to indemnify, hold harmless and reimburse the indemnified party for certain losses suffered or incurred by the indemnified party as a result of the Company’s activities. The terms of these indemnification agreements are generally perpetual. The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable. To date, the Company has not incurred material costs as a result of such commitments. The Company maintains commercial general liability insurance and product liability insurance to offset certain of the Company’s potential liabilities under these indemnification provisions. The Company has entered into indemnification agreements with each of its directors and executive officers. These agreements require the Company to indemnify such individuals, to the fullest extent permitted by Delaware law, for certain liabilities to which they may become subject as a result of their affiliation with the Company.

Revenue

Revenue	3 Months Ended
	Apr. 30, 2024
Revenues [Abstract]
Revenue	Revenue Disaggregation of Revenue Based on the information provided to and reviewed by the Company’s Chief Executive Officer, its Chief Operating Decision Maker, the Company believes that the nature, amount, timing and uncertainty of its revenue and cash flows and how they are affected by economic factors is most appropriately depicted through the Company’s primary geographical markets and subscription product categories. The Company’s primary geographical markets are North and South America (“Americas”); Europe, Middle East and Africa (“EMEA”); and Asia Pacific. The Company also disaggregates its subscription products between its MongoDB Atlas-related offerings and other subscription products, which include MongoDB Enterprise Advanced. The following table presents the Company’s revenues disaggregated by primary geographical markets, subscription product categories and services (in thousands): Three Months Ended April 30, 2024 2023 Primary geographical markets: Americas $ 272,093 $ 222,346 EMEA 123,296 105,123 Asia Pacific 55,172 40,811 Total $ 450,561 $ 368,280 Subscription product categories and services: MongoDB Atlas-related $ 313,855 $ 237,756 Other subscription 123,041 116,958 Services 13,665 13,566 Total $ 450,561 $ 368,280 Customers located in the United States accounted for 54% of total revenue for each of the three months ended April 30, 2024 and 2023. No other country accounted for 10% or more of revenue for the periods presented. Contract Liabilities The Company’s contract liabilities are recorded as deferred revenue in the Company’s condensed consolidated balance sheets and consist of customer invoices issued or payments received in advance of revenues being recognized from the Company’s subscription and services contracts. Deferred revenue, including current and non-current balances, as of April 30, 2024 and January 31, 2024 was $340.1 million and $377.4 million, respectively. Approximately 33% and 45% of the total revenue recognized for the three months ended April 30, 2024 and 2023, respectively, was from deferred revenue at the beginning of each respective period. Remaining Performance Obligations Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period. As of April 30, 2024, the aggregate transaction price allocated to remaining performance obligations was $586.5 million. Approximately 56% is expected to be recognized as revenue over the next 12 months and the remainder thereafter. The Company applies the practical expedient to omit disclosure with respect to the amount of the transaction price allocated to remaining performance obligations if the related contract has a total duration of 12 months or less. Unbilled Receivables Revenue recognized in excess of invoiced amounts creates an unbilled receivable, which represents the Company’s unconditional right to consideration in exchange for goods or services that the Company has transferred to the customer. Unbilled receivables are recorded as part of accounts receivable, net in the Company’s condensed consolidated balance sheets. As of April 30, 2024 and January 31, 2024, unbilled receivables were $18.9 million and $22.7 million, respectively. Allowance for Doubtful Accounts The Company considers expectations of forward-looking losses, in addition to historical loss rates, to estimate its allowance for doubtful accounts on its accounts receivable. The following is a summary of the changes in the Company’s allowance for doubtful accounts (in thousands): Allowance for Doubtful Accounts Balance at January 31, 2024 $ 8,054 Provision 1,573 Recoveries/write-offs (1,813) Balance as of April 30, 2024 $ 7,814 The decrease in allowance for doubtful accounts as of April 30, 2024 was primarily driven by the increased collections during the period. Costs Capitalized to Obtain Contracts with Customers Deferred commissions were $299.1 million and $294.2 million as of April 30, 2024 and January 31, 2024, respectively, of which $205.7 million and $201.7 million comprised the non-current portion and was included in other assets on the Company’s consolidated balance sheets as of April 30, 2024 and January 31, 2024, respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s interim condensed consolidated statements of operations, was $26.4 million and $23.6 million for the three months ended April 30, 2024 and 2023, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.

Equity Incentive Plans and Empl

Equity Incentive Plans and Employee Stock Purchase Plan	3 Months Ended
	Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans and Employee Stock Purchase Plan	Equity Incentive Plans and Employee Stock Purchase Plan Equity Incentive Plan The Company adopted the 2008 Stock Incentive Plan (as amended, the “2008 Plan”) and the 2016 Equity Incentive Plan (as amended the “2016 Plan”), primarily for the purpose of granting stock-based awards to eligible employees, directors and consultants, including stock options, restricted stock units (“RSUs”) and other stock-based awards. With the establishment of the 2016 Plan in December 2016, all shares available for grant under the 2008 Plan were transferred to the 2016 Plan. The Company no longer grants any stock-based awards under the 2008 Plan and any shares underlying stock options canceled under the 2008 Plan will be automatically transferred to the 2016 Plan. Stock Options The 2016 Plan provides for the issuance of incentive stock options to eligible employees and non-statutory stock options to eligible employees, directors or consultants. The Company’s Board of Directors, or a committee thereof, determines the vesting schedule for all equity awards. Stock option awards generally vest over a period of four years with 25% vesting on the one-year anniversary of the award and the remainder vesting monthly over the next 36 months of the grantee’s service to the Company. There were no stock options granted during the three months ended April 30, 2024. The following table summarizes stock option activity for the three months ended April 30, 2024 (in thousands, except share and per share data and years): Shares Weighted-Average Weighted- Average Aggregate Balance - January 31, 2024 835,623 $ 8.14 2.6 $ 327,884 Stock options exercised (132,617) 7.18 Stock options forfeited and expired — — Balance - April 30, 2024 703,006 $ 8.32 2.4 $ 250,877 Vested and exercisable - January 31, 2024 835,623 $ 8.14 2.6 $ 327,884 Vested and exercisable - April 30, 2024 703,006 $ 8.32 2.4 $ 250,877 Restricted Stock Units The 2016 Plan provides for the issuance of RSUs to eligible employees, directors and consultants. RSUs granted to new employees generally vest over a period of four years with 25% vesting on the one-year anniversary of the award and the remainder vesting quarterly over the next 12 quarters, subject to the grantee’s continued service to the Company. RSUs granted to existing employees generally vest quarterly over a period of four years, subject to the grantee’s continued service to the Company. The following table summarizes RSU activity for the three months ended April 30, 2024: Shares Weighted-Average Grant Date Fair Value per RSU Unvested - January 31, 2024 3,566,406 $ 290.59 RSUs granted 956,647 353.42 RSUs vested (399,213) 274.70 RSUs forfeited and canceled (119,565) 295.72 Unvested - April 30, 2024 4,004,275 $ 308.32 2017 Employee Stock Purchase Plan In October 2017, the Company’s Board of Directors adopted, and stockholders approved, the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). Subject to any plan limitations, the 2017 ESPP allows eligible employees to contribute, normally through payroll deductions, up to 15% of their earnings for the purchase of the Company’s common stock at a discounted price per share. The Company’s current offering period began on December 15, 2023 and is expected to end June 14, 2024. Stock-Based Compensation Expense Total stock-based compensation expense recognized in the Company’s interim condensed consolidated statements of operations is as follows (in thousands): Three Months Ended April 30, 2024 2023 Cost of revenue—subscription $ 6,163 $ 5,514 Cost of revenue—services 3,255 2,948 Sales and marketing 39,613 37,606 Research and development 55,173 44,066 General and administrative 16,559 13,821 Total stock-based compensation expense $ 120,763 $ 103,955

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options, restricted stock units and shares underlying the conversion option of the convertible senior notes. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each period presented. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data): Three Months Ended April 30, 2024 2023 Numerator: Net loss $ (80,593) $ (54,246) Denominator: Weighted-average shares used to compute net loss per share, basic and diluted 72,990,141 70,177,499 Net loss per share, basic and diluted $ (1.10) $ (0.77) In connection with the issuance of the 2024 Notes and 2026 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the 2026 Notes. During the three months ended April 30, 2024, the Company elected a settlement in cash, as opposed to the Company’s common stock, of the Capped Calls associated with 2024 Notes, refer to Note 5. Convertible Senior Notes for more information. The following weighted-average outstanding potentially dilutive shares of common stock were excluded from the computation of diluted net loss per share for the periods presented because the impact of including them would have been anti-dilutive: Three Months Ended April 30, 2024 2023 Stock options pursuant to the 2016 Equity Incentive Plan 350,634 504,452 Stock options pursuant to the 2008 Stock Incentive Plan 395,055 1,152,990 Unvested restricted stock units 3,833,040 4,054,925 Unvested executive PSUs 201,457 174,119 Shares underlying the conversion option of the 2026 Notes 5,445,002 5,445,002 Total 10,225,188 11,331,488

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded a provision for income taxes of $2.6 million and $2.5 million for the three months ended April 30, 2024 and 2023, respectively. The provisions recorded during both the three months ended April 30, 2024 and 2023 were driven by the increase in global income and the associated foreign taxes as the Company continues its global expansion. The calculation of income taxes was based upon the estimated annual effective tax rates for the year applied to the jurisdictional mix of current period loss before tax plus the tax effect of any significant unusual items, discrete events or changes in tax law. The Company regularly assesses the need for a valuation allowance against its deferred tax assets. In making that assessment, the Company considers both positive and negative evidence related to the likelihood of realization of the deferred tax assets to determine, based on the weight of available evidence, whether it is more likely than not that some or all of the deferred tax assets will not be realized. The Company has maintained a valuation allowance on U.S., U.K. and Ireland net deferred tax assets, as it is more likely than not that some or all of the deferred tax assets will not be realized. The Company assesses uncertain tax positions in accordance with ASC 740-10, Accounting for Uncertainties in Tax . As of January 31, 2024, the Company’s net unrecognized tax benefits totaled $81.6 million, $0.7 million of which would have an impact on the Company’s effective tax rate if recognized. In 2021, the Organization for Economic Cooperation and Development (“OECD”) published Pillar Two Model Rules defining a global minimum tax, which calls for the taxation of large corporations at a minimum rate of 15%. The OECD has since issued administrative guidance providing transition and safe harbor rules around the implementation of the Pillar Two global minimum tax. Effective in the first quarter of the Company’s fiscal year ending January 31, 2025, a number of countries have proposed or enacted legislation to implement core elements of the Pillar Two proposal. Pillar Two did not have a significant impact on the Company’s condensed consolidated financial statements for the three months ended April 30, 2024. While the Company is monitoring developments and evaluating the potential impact on future periods, the Company does not expect Pillar Two to have a significant impact on its consolidated financial statements for the fiscal year ending January 31, 2025. The Company continues to monitor and interpret the impact of proposed and enacted global tax legislation. To date, globally enacted tax legislation has not materially impacted income tax expense of the financial statements due to the presence of net operating losses and full valuation allowances within the Company’s two most significant tax jurisdictions, the United States and Ireland.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (80,593)	$ (54,246)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Apr. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Dwight Merriman [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 9, 2024, Dwight Merriman, a member of our board of directors, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Merriman’s plan is for the sale of shares of our common stock held by Mr. Merriman and certain of his affiliated entities in amounts of up to (i) 156,000 shares, (ii) shares worth approximately $3.7 million and (iii) all shares received upon the vesting, if any, of RSUs granted to Mr. Merriman as part of his 2024 annual equity award grant for his board and committee service, in each case at prices determined in accordance with a formula set forth in the plan. The plan terminates on the earlier of the date that all the shares under the plan are sold and July 31, 2025, subject to early termination for certain specified events set forth in the plan.
Name	Dwight Merriman
Title	member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 9, 2024
Arrangement Duration	478 days
Aggregate Available	156,000
Michael Gordon [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 9, 2024, Michael Gordon, our Chief Operating Officer and Chief Financial Officer adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Gordon’s plan is for the sale of up to 50,000 shares of common stock underlying stock options in amounts and prices determined in accordance with a formula set forth in the plan and terminates on the earlier of the date that all the shares under the plan are sold and January 14, 2025, subject to early termination for certain specified events set forth in the plan.
Name	Michael Gordon
Title	Chief Operating Officer and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 9, 2024
Arrangement Duration	280 days
Aggregate Available	50,000
Cedric Pech [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 9, 2024, Cedric Pech, our Chief Revenue Officer adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Pech’s plan is for the sale of up to 100% of the (net) shares of common stock resulting from the vesting of an aggregate of 30,132 RSUs and PSUs in amounts and prices determined in accordance with a formula set forth in the plan (net shares are net of tax withholding). The plan terminates on the earlier of the date all the shares under the plan are sold and April 30, 2025, subject to early termination for certain specified events set forth in the plan.
Name	Cedric Pech
Title	Chief Revenue Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 9, 2024
Arrangement Duration	386 days
Aggregate Available	30,132

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	The accompanying interim condensed consolidated financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. These interim unaudited condensed consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and in the opinion of management, reflect all adjustments, including normal recurring adjustments, which are considered necessary to fairly state the Company’s financial position and results of operations as of and for the periods presented. All intercompany transactions and accounts have been eliminated. The results of operations for the interim periods should not be considered indicative of results for the full year or for any other future year or interim period. The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these interim unaudited condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2024 (the “2024 Form 10-K”).
Use of Estimates	The preparation of the interim unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Such estimates include, but are not limited to, revenue recognition, allowances for doubtful accounts, the period of benefit for deferred contract acquisition costs, the incremental borrowing rate related to the Company’s lease liabilities, stock-based compensation, legal contingencies, fair value of acquired intangible assets and goodwill, useful lives and carrying values of acquired intangible assets and property and equipment, fair value of financial instruments and accounting for income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. The global macroeconomic conditions, including slower economic growth, persistent inflation and a high interest rate environment, continue to impact demand and supply for a broad variety of goods and services, including demand from the Company’s customers. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, assumptions and judgments or adjust the carrying value of its assets or liabilities. These estimates may change as new events occur and additional information is obtained and are recognized in the condensed consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements.
Net Loss per Share	The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options, restricted stock units and shares underlying the conversion option of the convertible senior notes. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each period presented.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	The following tables present information about the Company’s financial assets that have been measured at fair value on a recurring basis as of April 30, 2024 and January 31, 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): Fair Value Measurement as of April 30, 2024 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 477,496 $ — $ — $ 477,496 Short-term investments: U.S. government treasury securities 1,258,292 — — 1,258,292 Prepaid expenses and other current assets: Derivative asset — 170,215 — 170,215 Total financial assets $ 1,735,788 $ 170,215 $ — $ 1,906,003 Fair Value Measurement as of January 31, 2024 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 512,456 $ — $ — $ 512,456 Short-term investments: U.S. government treasury securities 1,212,448 — — 1,212,448 Total financial assets $ 1,724,904 $ — $ — $ 1,724,904
Schedule of Marketable Securities	The following table summarizes the amortized cost and fair value of the Company’s short-term investments by remaining contractual maturity as of April 30, 2024 and January 31, 2024 (in thousands): April 30, 2024 January 31, 2024 Amortized Unrealized Fair Value Amortized Unrealized Fair Value Due within one year $ 676,643 $ (1,758) $ 674,885 $ 520,006 $ (543) $ 519,463 Due after one year and within three years 588,959 (5,552) 583,407 690,211 2,774 692,985 Total short-term investments $ 1,265,602 $ (7,310) $ 1,258,292 $ 1,210,217 $ 2,231 $ 1,212,448

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the changes in the carrying amount of goodwill during the periods presented (in thousands): April 30, 2024 January 31, 2024 Balance, beginning of the year $ 69,679 $ 57,779 Increase in goodwill related to business combinations — 11,900 Balance, end of the year $ 69,679 $ 69,679
Gross carrying amount and accumulated amortization of intangible assets	The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows (in thousands): April 30, 2024 Gross Carrying Value Accumulated Amortization Net Book Value Weighted-Average Remaining Useful Life Developed technology $ 41,200 $ (39,897) $ 1,303 1.9 Customer relationships 15,200 (15,200) — — Total $ 56,400 $ (55,097) $ 1,303 January 31, 2024 Gross Carrying Value Accumulated Amortization Net Book Value Weighted-Average Remaining Useful Life Developed technology $ 41,200 $ (37,328) $ 3,872 1.0 Customer relationships 15,200 (15,115) 85 0.3 Total $ 56,400 $ (52,443) $ 3,957
Future amortization expense related to intangible assets	As of April 30, 2024, future amortization expense related to the intangible assets is as follows (in thousands): Years Ending January 31, Remainder of 2025 $ 510 2026 680 2027 113 2028 — 2029 — Total $ 1,303

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	Apr. 30, 2024
Debt Disclosure [Abstract]
Convertible debt schedules	The net carrying amounts of the Company’s 2026 Notes (as defined herein) were as follows for the periods presented (in thousands): April 30, 2024 January 31, 2024 Principal $ 1,149,972 $ 1,149,972 Unamortized debt issuance costs (5,847) (6,699) Net carrying amount $ 1,144,125 $ 1,143,273

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2024
Leases [Abstract]
Lease, Cost	The components of the Company’s lease costs included in its interim condensed consolidated statements of operations were as follows (in thousands): Three Months Ended April 30, 2024 2023 Finance lease cost: Amortization of finance lease right-of-use assets $ 993 $ 994 Interest on finance lease liabilities 599 676 Operating lease cost 3,023 2,658 Short-term lease cost 1,516 1,363 Total lease cost $ 6,131 $ 5,691
Assets And Liabilities, Lessee	The balances of the Company’s finance and operating leases were recorded on the condensed consolidated balance sheets as follows (in thousands): April 30, 2024 January 31, 2024 Finance Lease: Property and equipment, net $ 22,521 $ 23,514 Other accrued liabilities, current 5,754 6,179 Other liabilities, non-current 35,843 37,511 Operating Leases: Operating lease right-of-use assets $ 34,807 $ 37,365 Operating lease liabilities, current 9,881 9,797 Operating lease liabilities, non-current 28,417 30,918
Finance Lease, Liability, Maturity	Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2024 were as follows (in thousands): Year Ending January 31, Finance Lease Operating Leases Remainder of 2025 $ 5,754 $ 8,993 2026 8,711 9,265 2027 8,711 6,483 2028 8,711 5,664 2029 8,711 5,434 Thereafter 7,985 7,929 Total minimum payments 48,583 43,768 Less imputed interest (6,986) (5,470) Present value of future minimum lease payments 41,597 38,298 Less current obligations under leases (5,754) (9,881) Non-current lease obligations $ 35,843 $ 28,417
Lessee, Operating Lease, Liability, Maturity	Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of April 30, 2024 were as follows (in thousands): Year Ending January 31, Finance Lease Operating Leases Remainder of 2025 $ 5,754 $ 8,993 2026 8,711 9,265 2027 8,711 6,483 2028 8,711 5,664 2029 8,711 5,434 Thereafter 7,985 7,929 Total minimum payments 48,583 43,768 Less imputed interest (6,986) (5,470) Present value of future minimum lease payments 41,597 38,298 Less current obligations under leases (5,754) (9,881) Non-current lease obligations $ 35,843 $ 28,417

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 30, 2024
Revenues [Abstract]
Schedule of total revenue by geographical markets, subscription product categories and services	The following table presents the Company’s revenues disaggregated by primary geographical markets, subscription product categories and services (in thousands): Three Months Ended April 30, 2024 2023 Primary geographical markets: Americas $ 272,093 $ 222,346 EMEA 123,296 105,123 Asia Pacific 55,172 40,811 Total $ 450,561 $ 368,280 Subscription product categories and services: MongoDB Atlas-related $ 313,855 $ 237,756 Other subscription 123,041 116,958 Services 13,665 13,566 Total $ 450,561 $ 368,280
Accounts Receivable, Allowance for Credit Loss	The following is a summary of the changes in the Company’s allowance for doubtful accounts (in thousands): Allowance for Doubtful Accounts Balance at January 31, 2024 $ 8,054 Provision 1,573 Recoveries/write-offs (1,813) Balance as of April 30, 2024 $ 7,814 The decrease in allowance for doubtful accounts as of April 30, 2024 was primarily driven by the increased collections during the period.

Equity Incentive Plans and Em_2

Equity Incentive Plans and Employee Stock Purchase Plan (Tables)	3 Months Ended
	Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of stock option activity	The following table summarizes stock option activity for the three months ended April 30, 2024 (in thousands, except share and per share data and years): Shares Weighted-Average Weighted- Average Aggregate Balance - January 31, 2024 835,623 $ 8.14 2.6 $ 327,884 Stock options exercised (132,617) 7.18 Stock options forfeited and expired — — Balance - April 30, 2024 703,006 $ 8.32 2.4 $ 250,877 Vested and exercisable - January 31, 2024 835,623 $ 8.14 2.6 $ 327,884 Vested and exercisable - April 30, 2024 703,006 $ 8.32 2.4 $ 250,877
Schedule of restricted stock unit activity	The following table summarizes RSU activity for the three months ended April 30, 2024: Shares Weighted-Average Grant Date Fair Value per RSU Unvested - January 31, 2024 3,566,406 $ 290.59 RSUs granted 956,647 353.42 RSUs vested (399,213) 274.70 RSUs forfeited and canceled (119,565) 295.72 Unvested - April 30, 2024 4,004,275 $ 308.32
Schedule of stock-based compensation expense recognized in consolidated statements of operations	Total stock-based compensation expense recognized in the Company’s interim condensed consolidated statements of operations is as follows (in thousands): Three Months Ended April 30, 2024 2023 Cost of revenue—subscription $ 6,163 $ 5,514 Cost of revenue—services 3,255 2,948 Sales and marketing 39,613 37,606 Research and development 55,173 44,066 General and administrative 16,559 13,821 Total stock-based compensation expense $ 120,763 $ 103,955

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data): Three Months Ended April 30, 2024 2023 Numerator: Net loss $ (80,593) $ (54,246) Denominator: Weighted-average shares used to compute net loss per share, basic and diluted 72,990,141 70,177,499 Net loss per share, basic and diluted $ (1.10) $ (0.77)
Schedule of antidilutive securities excluded from computation of earnings per share	The following weighted-average outstanding potentially dilutive shares of common stock were excluded from the computation of diluted net loss per share for the periods presented because the impact of including them would have been anti-dilutive: Three Months Ended April 30, 2024 2023 Stock options pursuant to the 2016 Equity Incentive Plan 350,634 504,452 Stock options pursuant to the 2008 Stock Incentive Plan 395,055 1,152,990 Unvested restricted stock units 3,833,040 4,054,925 Unvested executive PSUs 201,457 174,119 Shares underlying the conversion option of the 2026 Notes 5,445,002 5,445,002 Total 10,225,188 11,331,488

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Oct. 31, 2023	Jan. 31, 2024
Short-term investments:
Investment in non-marketable equity securities				$ 12,900
Equity securities without readily determinable fair value, upward price adjustment, annual amount		$ 2,200
Non-marketable Securities
Short-term investments:
Payments to acquire investments				1,300
Fair Value, Recurring
Short-term investments:
Total financial assets	$ 1,906,003			1,724,904
Level 1 | Fair Value, Recurring
Short-term investments:
Total financial assets	1,735,788			1,724,904
Level 2 | Fair Value, Recurring
Short-term investments:
Total financial assets	170,215			0
Level 3 | Fair Value, Recurring
Short-term investments:
Total financial assets	0			0
U.S. government treasury securities
Short-term investments:
Unrealized losses on US treasury stock	7,310		$ 2,231	2,200
U.S. government treasury securities | Fair Value, Recurring
Short-term investments:
Short-term investments:	1,258,292			1,212,448
U.S. government treasury securities | Level 1 | Fair Value, Recurring
Short-term investments:
Short-term investments:	1,258,292			1,212,448
U.S. government treasury securities | Level 2 | Fair Value, Recurring
Short-term investments:
Short-term investments:	0			0
U.S. government treasury securities | Level 3 | Fair Value, Recurring
Short-term investments:
Short-term investments:	0			0
Money market funds | Fair Value, Recurring
Cash and cash equivalents:
Cash and cash equivalents:	477,496			512,456
Money market funds | Level 1 | Fair Value, Recurring
Cash and cash equivalents:
Cash and cash equivalents:	477,496			512,456
Money market funds | Level 2 | Fair Value, Recurring
Cash and cash equivalents:
Cash and cash equivalents:	0			0
Money market funds | Level 3 | Fair Value, Recurring
Cash and cash equivalents:
Cash and cash equivalents:	$ 0			$ 0

Fair Value Measurements - Marke

Fair Value Measurements - Marketable Securities (Details) - U.S. government treasury securities - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Apr. 30, 2024	Oct. 31, 2023	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost, due withen one year	$ 676,643		$ 520,006
Amortized cost, due after one year and withen three years	588,959		690,211
Amortized cost, total	1,265,602		1,210,217
Unrealized loss, due withen one year	1,758	$ (543)
Unrealized loss, due after one year and withen three years	5,552	2,774
Unrealized loss, total	7,310	$ 2,231	2,200
Short-term investments	674,885		519,463
Marketable securities, non-current	583,407		692,985
Total short-term investments	$ 1,258,292		$ 1,212,448

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets, Net - Schedule Of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2024	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, beginning of the year	$ 69,679	$ 57,779
Increase in goodwill related to business combinations	0	11,900
Balance, end of the year	$ 69,679	$ 69,679

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Sep. 27, 2023	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024	Jan. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 69,679		$ 69,679	$ 57,779
Amortization of intangible assets		$ 2,700	$ 2,300
Grainite, Inc.
Acquired Finite-Lived Intangible Assets [Line Items]
Cash consideration for aquisition	$ 15,000
Goodwill	11,900
Grainite, Inc. | Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Business acquisition, finite-lived intangibles	$ 3,100

Goodwill and Acquired Intangi_5

Goodwill and Acquired Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2024	Jan. 31, 2024
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 56,400	$ 56,400
Accumulated Amortization	(55,097)	(52,443)
Net Book Value	1,303	3,957
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	41,200	41,200
Accumulated Amortization	(39,897)	(37,328)
Net Book Value	$ 1,303	$ 3,872
Weighted-Average Remaining Useful Life (in years)	1 year 10 months 24 days	1 year
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 15,200	$ 15,200
Accumulated Amortization	(15,200)	(15,115)
Net Book Value	$ 0	$ 85
Weighted-Average Remaining Useful Life (in years)		3 months 18 days

Goodwill and Acquired Intangi_6

Goodwill and Acquired Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 510
2026	680
2027	113
2028	0
2029	0
Net Book Value	$ 1,303	$ 3,957

Convertible Senior Notes - Conv

Convertible Senior Notes - Convertible Debt Schedule (Details) - 2026 Notes - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Debt Instrument [Line Items]
Principal	$ 1,149,972	$ 1,149,972
Unamortized debt issuance costs	(5,847)	(6,699)
Net carrying amount	$ 1,144,125	$ 1,143,273

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Details)	1 Months Ended	3 Months Ended
	Jan. 31, 2020 USD ($)	Apr. 30, 2024 USD ($) day
2026 Notes
Debt Instrument [Line Items]
Fair value of convertible debt		$ 2,000,000,000
2026 Notes | Measurement Input, Share Price
Debt Instrument [Line Items]
Measurement input		100
Redemption Period 1
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		130%
Consecutive threshold trading days | day		30
Redemption Period 1 | Minimum
Debt Instrument [Line Items]
Threshold trading days | day		20
Convertible Debt | 2026 Notes
Debt Instrument [Line Items]
Face amount of debt	$ 1,000,000,000
Interest rate	0.25%
Proceeds from borrowings on convertible senior notes, net of issuance costs	$ 1,130,000,000
Convertible Debt | Additional Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Face amount of debt	$ 150,000,000

Convertible Senior Notes - Capp

Convertible Senior Notes - Capped Calls (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2024	Apr. 09, 2024
Option Indexed to Issuer's Equity [Line Items]
Current fair value of derivative instrument	$ 170.2	$ 170.2	$ 169.7
Unrealized gain (loss) on derivative		$ 0.5
2024 Notes | Capped Calls
Option Indexed to Issuer's Equity [Line Items]
Strike price (in dollars per share)		$ 68.15
Cap price (in dollars per share)		106.90
Reclassification of derivatives	$ 169.7
Convertible Debt | 2026 Notes
Option Indexed to Issuer's Equity [Line Items]
Strike price (in dollars per share)		211.20
Cap price (in dollars per share)		$ 296.42

Leases - Narrative (Details)

Leases - Narrative (Details)	Apr. 30, 2024
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	12 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Finance lease cost:
Amortization of finance lease right-of-use assets	$ 993	$ 994
Interest on finance lease liabilities	599	676
Operating lease cost	3,023	2,658
Short-term lease cost	1,516	1,363
Total lease cost	$ 6,131	$ 5,691

Leases - Balance Sheet Componen

Leases - Balance Sheet Components (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Finance Lease:
Property and equipment, net	$ 22,521	$ 23,514
Other accrued liabilities, current	5,754	6,179
Other liabilities, non-current	35,843	37,511
Operating Leases:
Operating lease right-of-use assets	34,807	37,365
Operating lease liabilities, current	9,881	9,797
Operating lease liabilities, non-current	$ 28,417	$ 30,918

Leases - Lease Maturities (Deta

Leases - Lease Maturities (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Finance Lease, Liability, Payment, Due [Abstract]
Remainder of 2025	$ 5,754
2026	8,711
2027	8,711
2028	8,711
2029	8,711
Thereafter	7,985
Total minimum payments	48,583
Less imputed interest	(6,986)
Present value of future minimum lease payments	41,597
Less current obligations under leases	(5,754)	$ (6,179)
Non-current lease obligations	35,843	37,511
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2025	8,993
2026	9,265
2027	6,483
2028	5,664
2029	5,434
Thereafter	7,929
Total minimum payments	43,768
Less imputed interest	(5,470)
Present value of future minimum lease payments	38,298
Less current obligations under leases	(9,881)	(9,797)
Non-current lease obligations	$ 28,417	$ 30,918

Revenue - Schedule of total rev

Revenue - Schedule of total revenue by geographic areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 450,561	$ 368,280
MongoDB Atlas-related
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	313,855	237,756
Other subscription
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	123,041	116,958
Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	13,665	13,566
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	272,093	222,346
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	123,296	105,123
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 55,172	$ 40,811

Revenue - Concentration Risk (D

Revenue - Concentration Risk (Details)	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Concentration Risk [Line Items]
Percent of revenue recognized from deferred revenue	33%	45%
Geographic Concentration Risk | Revenue, Net | United States
Concentration Risk [Line Items]
Concentration risk, percentage		54%

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 340,100,000		$ 377,400,000
Percent of revenue recognized from deferred revenue	33%	45%
Remaining performance obligation, percentage	56%
Unbilled contracts receivable	$ 18,900,000		22,700,000
Deferred commissions	299,100,000		294,200,000
Noncurrent capitalized contract cost	205,700,000		$ 201,700,000
Amortization of deferred commissions	26,400,000	$ 23,600,000
Impairment loss	0	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 586,500,000
Expected timing of satisfaction of remaining performance obligation	12 months

Revenue - Schedule of Allowance

Revenue - Schedule of Allowance for Doubtful Accounts (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 8,054
Provision	1,573
Recoveries/write-offs	(1,813)
Ending balance	$ 7,814

Equity Incentive Plans and Em_3

Equity Incentive Plans and Employee Stock Purchase Plan - Stock Options (Details) - Employee Stock Option	3 Months Ended
	Apr. 30, 2024
One Year Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Vesting rights percentage	25%
13 to 36 Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	36 months
Vesting rights percentage	75%

Equity Incentive Plans and Em_4

Equity Incentive Plans and Employee Stock Purchase Plan - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2024	Jan. 31, 2024
Shares
Balance - beginning of period (in shares)	835,623
Stock options exercised (in shares)	(132,617)
Stock options forfeited and expired (in shares)	0
Balance - end of period (in shares)	703,006	835,623
Vested and exercisable (in shares)	703,006	835,623
Weighted-Average Exercise Price Per Share
Balance - beginning of period (in dollars per share)	$ 8.14
Stock options exercised (in dollars per share)	7.18
Stock options forfeited and expired (in dollars per share)	0
Balance - end of period (in dollars per share)	8.32	$ 8.14
Vested and exercisable (in dollars per share)	$ 8.32	$ 8.14
Weighted-Average Remaining Contractual Term
Balance	2 years 4 months 24 days	2 years 7 months 6 days
Vested and exercisable	2 years 4 months 24 days	2 years 7 months 6 days
Aggregate Intrinsic Value
Balance	$ 250,877	$ 327,884
Vested and exercisable	$ 250,877	$ 327,884

Equity Incentive Plans and Em_5

Equity Incentive Plans and Employee Stock Purchase Plan - Restricted Stock Units, Additional Information (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Apr. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
One Year Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Vesting rights percentage	25%
13 to 36 Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	75%

Equity Incentive Plans and Em_6

Equity Incentive Plans and Employee Stock Purchase Plan - Schedule of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs)	3 Months Ended
	Apr. 30, 2024 $ / shares shares
Shares
Unvested - beginning of period (in shares) | shares	3,566,406
RSUs granted (in shares) | shares	956,647
RSUs vested (in shares) | shares	(399,213)
RSUs forfeited and canceled (in shares) | shares	(119,565)
Unvested - end of period (in shares) | shares	4,004,275
Weighted-Average Grant Date Fair Value per RSU
Unvested - beginning of period (in dollars per share) | $ / shares	$ 290.59
RSUs granted (in dollars per share) | $ / shares	353.42
RSUs vested (in dollars per share) | $ / shares	274.70
RSUs forfeited and canceled (in dollars per share) | $ / shares	295.72
Unvested - end of period (in dollars per share) | $ / shares	$ 308.32

Equity Incentive Plans and Em_7

Equity Incentive Plans and Employee Stock Purchase Plan - Employee Stock Purchase Plan, Additional Information (Details)	Apr. 30, 2024
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum employee contribution rate	15%

Equity Incentive Plans and Em_8

Equity Incentive Plans and Employee Stock Purchase Plan - Stock-based Compensation Expense Recognized in Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 120,763	$ 103,955
Cost of revenue—subscription
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	6,163	5,514
Cost of revenue—services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,255	2,948
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	39,613	37,606
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	55,173	44,066
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 16,559	$ 13,821

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Numerator:
Net loss	$ (80,593)	$ (54,246)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	72,990,141	70,177,499
Net loss per share, basic and diluted (in dollars per share)	$ (1.10)	$ (0.77)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from the Computation of Diluted Net Loss per Share (Details) - shares	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	10,225,188	11,331,488
Stock options to purchase common stock | Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	350,634	504,452
Stock options to purchase common stock | Class B Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	395,055	1,152,990
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,833,040	4,054,925
Unvested executive PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	201,457	174,119
Shares underlying the conversion option of the 2024 Notes | 2026 Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,445,002	5,445,002

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023	Jan. 31, 2024
Income Tax Disclosure [Abstract]
Unrecognized tax benefits			$ 81,600
Provision for income taxes	$ 2,581	$ 2,487
Unrecognized tax benefits that would impact effective tax rate			$ 700