Asana (ASAN) 10-Q 4 Jun 21 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Apr. 30, 2021	Jun. 01, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	001-39495
Entity Registrant Name	Asana, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3912448
Entity Address, Address Line One	1550 Bryant Street, Suite 200
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94103
City Area Code	415
Local Phone Number	525-3888
Title of 12(b) Security	Class A Common Stock, $0.00001 par value per share
Trading Symbol	ASAN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001477720
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		91,846,231
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		71,785,101

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Current assets
Cash and cash equivalents	$ 263,933	$ 259,878
Marketable securities	122,374	126,396
Accounts receivable, net	37,344	32,194
Prepaid expenses and other current assets	25,904	27,295
Total current assets	449,555	445,763
Property and equipment, net	94,138	74,436
Operating lease right-of-use assets	181,093	182,924
Investments, noncurrent	12,099	19,125
Other assets	10,708	8,871
Total assets	747,593	731,119
Current liabilities
Accounts payable	8,947	9,599
Accrued expenses and other current liabilities	46,535	41,616
Deferred revenue, current	122,884	103,875
Operating lease liabilities, current	6,742	8,386
Total current liabilities	185,108	163,476
Term loan, net	37,599	29,508
Convertible notes, net—related party	361,337	351,161
Operating lease liabilities, noncurrent	207,511	196,802
Other liabilities	3,737	2,961
Total liabilities	795,292	743,908
Commitments and contingencies (Note 8)
Redeemable convertible preferred stock	0	0
Stockholders' deficit
Common stock	2	2
Additional paid-in capital	554,340	528,616
Accumulated other comprehensive income	63	39
Accumulated deficit	(602,104)	(541,446)
Total stockholders’ deficit	(47,699)	(12,789)
Total liabilities and stockholders’ deficit	$ 747,593	$ 731,119

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Income Statement [Abstract]
Revenues	$ 76,673	$ 47,706
Cost of revenues	7,914	6,206
Gross profit	68,759	41,500
Operating expenses:
Research and development	39,967	22,383
Sales and marketing	56,784	36,091
General and administrative	21,990	12,111
Total operating expenses	118,741	70,585
Loss from operations	(49,982)	(29,085)
Interest income and other income (expense), net	8	354
Interest expense	(10,374)	(6,991)
Loss before provision for income taxes	(60,348)	(35,722)
Provision for income taxes	310	123
Net loss	$ (60,658)	$ (35,845)
Net loss per share:
Basic (in dollars per share)	$ (0.37)	$ (0.47)
Diluted (in dollars per share)	$ (0.37)	$ (0.47)
Weighted-average shares used in calculating net loss per share:
Basic (in shares)	162,079	75,641
Diluted (in shares)	162,079	75,641

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (60,658)	$ (35,845)
Other comprehensive income (loss):
Net unrealized gains (losses) on marketable securities	(11)	17
Change in foreign currency translation adjustments	35	(58)
Comprehensive loss	$ (60,634)	$ (35,886)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Jan. 31, 2020		76,688
Beginning balance at Jan. 31, 2020	$ (145,315)	$ 1	$ 184,522	$ (102)	$ (329,736)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of options (in shares)		465
Issuance of common stock upon the exercise of options	746		746
Vesting of early exercised stock options	837		837
Issuance of common stock upon the vesting and settlement of restricted stock units, net of shares withheld for taxes (in shares)		6
Issuance of common stock upon the vesting and settlement of restricted stock units, net of shares withheld for taxes	(66)		(66)
Stock-based compensation expense	4,073		4,073
Net unrealized gains (losses) on marketable securities	17			17
Change in foreign currency translation adjustments	(58)			(58)
Net loss	(35,845)				(35,845)
Ending balance (in shares) at Apr. 30, 2020		77,159
Ending balance at Apr. 30, 2020	$ (175,611)	$ 1	190,112	(143)	(365,581)
Temporary equity, beginning balance (in shares) at Jan. 31, 2020	73,577
Temporary equity, beginning balance at Jan. 31, 2020	$ 250,581
Temporary equity, ending balance (in shares) at Apr. 30, 2020	73,577
Temporary equity, ending balance at Apr. 30, 2020	$ 250,581
Beginning balance (in shares) at Jan. 31, 2021		161,480
Beginning balance at Jan. 31, 2021	$ (12,789)	$ 2	528,616	39	(541,446)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon the exercise of options (in shares)	1,380	1,380
Issuance of common stock upon the exercise of options	$ 2,850		2,850
Vesting of early exercised stock options	642		642
Repurchases of common stock (in shares)		(6)
Issuance of common stock upon the vesting and settlement of restricted stock units, net of shares withheld for taxes (in shares)		367
Issuance of common stock for employee share purchase plan (in shares)		250
Issuance of common stock for employee share purchase plan	6,127		6,127
Stock-based compensation expense	16,105		16,105
Net unrealized gains (losses) on marketable securities	(11)			(11)
Change in foreign currency translation adjustments	35			35
Net loss	(60,658)				(60,658)
Ending balance (in shares) at Apr. 30, 2021		163,471
Ending balance at Apr. 30, 2021	$ (47,699)	$ 2	$ 554,340	$ 63	$ (602,104)
Temporary equity, beginning balance (in shares) at Jan. 31, 2021	0
Temporary equity, beginning balance at Jan. 31, 2021	$ 0
Temporary equity, ending balance (in shares) at Apr. 30, 2021	0
Temporary equity, ending balance at Apr. 30, 2021	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Cash flows from operating activities
Net loss	$ (60,658)	$ (35,845)
Adjustments to reconcile net loss to net cash used in operating activities:
Allowance for doubtful accounts	196	383
Depreciation and amortization	973	743
Amortization of deferred contract acquisition costs	1,629	711
Stock-based compensation expense	16,031	3,982
Net accretion of discount on marketable securities	336	(48)
Non-cash lease expense	4,526	2,962
Amortization of discount on convertible notes and term loan issuance costs	6,251	4,402
Non-cash interest expense	3,930	2,589
Changes in operating assets and liabilities:
Accounts receivable	(3,182)	(2,877)
Prepaid expenses and other current assets	(2,383)	(1,081)
Other assets	(1,858)	(528)
Accounts payable	(2,451)	3,135
Accrued expenses and other current liabilities	2,827	296
Deferred revenue	20,025	6,036
Operating lease liabilities	6,364	(3,014)
Net cash used in operating activities	(7,444)	(18,154)
Cash flows from investing activities
Purchases of marketable securities	(34,002)	0
Sales of marketable securities	351	0
Maturities of marketable securities	44,352	29,399
Purchases of property and equipment	(16,969)	(2,081)
Capitalized internal-use software	(183)	(461)
Net cash provided by (used in) investing activities	(6,451)	26,857
Cash flows from financing activities
Proceeds from term loan, net of issuance costs	9,000	0
Repayment of term loan	(167)	0
Repurchases of common stock	(13)	(66)
Proceeds from exercise of stock options	2,974	969
Proceeds from employee stock purchase plan	6,127	0
Net cash provided by financing activities	17,921	903
Effect of foreign exchange rates on cash and cash equivalents and restricted cash	29	(31)
Net increase in cash, cash equivalents, and restricted cash	4,055	9,575
Cash, cash equivalents, and restricted cash
Beginning of period	259,878	310,677
End of period	263,933	320,252
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Total cash, cash equivalents, and restricted cash	263,933	320,252
Supplemental cash flow data
Cash paid for income taxes	480	92
Cash paid for interest	160	0
Supplemental non-cash investing and financing information
Purchase of property and equipment in accounts payable and accrued expenses	13,544	3,262
Vesting of early exercised stock options	$ 642	$ 837

Organization

Organization	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Organization and Description of Business Asana, Inc. (“Asana” or the “Company”) was incorporated in the state of Delaware on December 16, 2008. Asana is a work management platform that helps teams orchestrate work, from daily tasks to cross-functional strategic initiatives. The Company is headquartered in San Francisco, California.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and include the accounts of the Company’s wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated on consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2021 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. In management's opinion, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to state fairly the balance sheet, statements of comprehensive loss, statements of redeemable convertible preferred stock and stockholders' deficit, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K filed with the SEC on March 30, 2021. Direct Listing On September 30, 2020, the Company completed a direct listing of its Class A common stock (the “Direct Listing”) on the NYSE. The Company incurred fees related to financial advisory service, audit, and legal expenses in connection with the Direct Listing and recorded general and administrative expenses of $1.2 million for the three months ended April 30, 2020. The Company recorded no general and administrative expenses in connection with the Direct Listing for the three months ended April 30, 2021. Prior to the Direct Listing, all 73.6 million outstanding shares of redeemable convertible preferred stock were converted into an equivalent number of shares of Class B common stock. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Estimates and assumptions reflected in the consolidated financial statements include, but are not limited to, revenue recognition, the useful lives and carrying values of long-lived assets, the fair value of the Convertible Notes (as defined in Note 4), the fair value of common stock for periods prior to the Direct Listing, stock-based compensation expense, the period of benefit for deferred contract acquisition costs, and income taxes. Actual results could differ from those estimates. Risks and Uncertainties As a result of the COVID-19 pandemic, the Company has temporarily closed its headquarters and other physical offices, required its employees and contractors to work remotely, and implemented travel restrictions, all of which represent a significant disruption in how the Company operates its business. The operations of its partners and customers have likewise been disrupted. While the duration and extent of the COVID-19 pandemic depends on future developments that cannot be accurately predicted at this time, such as the extent and effectiveness of containment and mitigation actions and the availability and widespread use of effective vaccines, it has already had an adverse effect on the global economy and the ultimate societal and economic impact of the COVID-19 pandemic remains unknown. In particular, the conditions caused by this pandemic could affect the rate of global IT spending and could adversely affect demand for the Company’s platform, lengthen the Company’s sales cycles, reduce the value or duration of subscriptions, negatively impact collections of accounts receivable, reduce expected spending from new customers, cause some of the Company’s paying customers to go out of business, limit the ability of the Company’s direct sales force to travel to customers and potential customers, and affect contraction or attrition rates of the Company’s customers, all of which could adversely affect the Company’s business, results of operations, and financial condition. As of the date of issuance of the financial statements, the Company is not aware of any specific event or circumstance related to COVID-19 that would require it to update its estimates or judgments or adjust the carrying value of its assets or liabilities. Actual results could differ from those estimates and any such differences may be material to the condensed consolidated financial statements. Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents, and marketable securities. Substantially all the Company’s cash and cash equivalents are held by four financial institutions that management believes are of high credit quality. Such deposits may, at times, exceed federally insured limits. Cash equivalents are invested in highly rated money market funds. A large portion of the Company’s customers authorize the Company to bill their credit card accounts through the Company’s third-party payment processing partners, presenting additional credit risk. For the three months ended April 30, 2021 and April 30, 2020, there was no individual customer that accounted for 10% or more of the Company’s revenues. The Company had one customer account for approximately 29% and 13% of accounts receivable as of April 30, 2021 and January 31, 2021, respectively. Fair Value of Financial Instruments The carrying amounts reflected in the condensed consolidated balance sheets for cash equivalents, accounts receivable, and accounts payable approximate their respective fair values due to the short maturities of those instruments. Available-for-sale marketable securities are recorded at fair value on the condensed consolidated balance sheets. The Company accounts for certain of its financial assets at fair value. In determining and disclosing fair value, the Company uses a fair value hierarchy established by U.S. GAAP. The guidance defines fair value as an exit price, representing the amount that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the Company utilizes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1—Observable inputs such as quoted prices in active markets. Level 2—Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3—Unobservable inputs in which there is little or no market data and that are significant to the fair value of the assets or liabilities. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value. Recently Issued Accounting Pronouncements Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity , which simplifies the accounting for certain convertible instruments, amends the guidance on derivative scope exceptions for contracts in an entity's own equity, and modifies the guidance on diluted earnings per share calculations as a result of these changes. The guidance is effective for the Company’s fiscal years beginning after February 1, 2022, and earlier adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2020-06. Recently Adopted Accounting Pronouncements On February 1, 2021, the Company adopted ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires the measurement and recognition of expected credit losses for financial assets held at amortized costs, including accounts receivables. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will result in more timely recognition of credit losses. The adoption of the guidance did not have a material impact on the Company’s condensed consolidated financial statements. On February 1, 2021, the Company adopted ASU No. 2018-15 , Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in ASU No. 2018-15 amend the definition of a hosting arrangement and requires a customer in a hosting arrangement that is a service contract to capitalize certain costs as if the arrangement were an internal-use software project . The Company adopted ASU No. 2018-15 as of February 1, 2021 using a prospective transition approach.

Revenues

Revenues	3 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Deferred Revenue and Remaining Performance Obligations Total deferred revenue was $125.9 million as of April 30, 2021, of which $3.0 million is presented within other liabilities, as a noncurrent liability, in the condensed consolidated balance sheet. The Company recognized $45.1 million and $27.6 million of revenues during the three months ended April 30, 2021 and 2020, respectively, that were included in the deferred revenue balances at January 31, 2021 and 2020, respectively. As of April 30, 2021, the Company's remaining performance obligations from subscription contracts was $145.8 million, of which the Company expects to recognize approximately 90% as revenues over the next 12 months and the remainder thereafter. Deferred Contract Acquisition Costs Deferred contract acquisition costs are amortized over a period of benefit of three years. The period of benefit was estimated by considering factors such as historical customer attrition rates, the useful life of the Company’s technology, and the impact of competition in the software-as-a-service industry. The following table summarizes the activity of deferred contract acquisition costs (in thousands): Three Months Ended April 30, 2021 2020 Beginning balance $ 12,093 $ 6,107 Capitalization of contract acquisition costs 4,122 1,251 Amortization of deferred contract acquisition costs (1,629) (711) Ending balance $ 14,586 $ 6,647 Deferred contract acquisition costs, current $ 6,896 $ 3,073 Deferred contract acquisition costs, noncurrent 7,690 3,574 Total deferred contract acquisition costs $ 14,586 $ 6,647

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value MeasurementsThe following table summarizes, for assets and liabilities measured at fair value, the respective fair value and classification by level of input within the fair value hierarchy (in thousands): April 30, 2021 Level 1 Level 2 Level 3 Total Current Assets Cash equivalents Money market funds $ 221,599 $ — $ — $ 221,599 Total cash equivalents $ 221,599 $ — $ — $ 221,599 Marketable securities U.S. treasury bonds $ 30,138 $ — $ — $ 30,138 Commercial paper — 48,266 — 48,266 Corporate bonds — 41,265 — 41,265 Certificate of deposit — 2,705 — 2,705 Total marketable securities $ 30,138 $ 92,236 $ — $ 122,374 Non-current Assets Corporate bonds — 12,099 — 12,099 Total assets $ 251,737 $ 104,335 $ — $ 356,072 January 31, 2021 Level 1 Level 2 Level 3 Total Current Assets Cash equivalents Money market funds $ 207,187 $ — $ — $ 207,187 Commercial paper — 2,230 — 2,230 Certificates of deposit — 1,050 — 1,050 Total cash equivalents $ 207,187 $ 3,280 $ — $ 210,467 Marketable securities U.S. treasury bonds $ 40,245 $ — $ — $ 40,245 Commercial paper — 43,159 — 43,159 Corporate bonds — 40,286 — 40,286 Certificate of deposit — 2,706 — 2,706 Total marketable securities $ 40,245 $ 86,151 $ — $ 126,396 Non-current Assets Corporate bonds — 19,125 — 19,125 Total assets $ 247,432 $ 108,556 $ — $ 355,988 The following table summarizes the Company's investments in marketable securities on the condensed consolidated balance sheets (in thousands): April 30, 2021 Amortized Gross Gross Unrealized Losses Estimated Current Assets U.S. treasury bonds $ 30,131 $ 7 $ — $ 30,138 Commercial paper 48,266 1 (1) 48,266 Corporate bonds 41,266 4 (5) 41,265 Certificates of deposit 2,704 1 — 2,705 Total marketable securities $ 122,367 $ 13 $ (6) $ 122,374 Non-current Assets Corporate bonds 12,094 7 (2) 12,099 Total assets $ 134,461 $ 20 $ (8) $ 134,473 January 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Current Assets U.S. treasury bonds $ 40,236 $ 9 $ — $ 40,245 Commercial paper 43,158 2 (1) 43,159 Corporate bonds 40,278 9 (1) 40,286 Certificates of deposit 2,705 1 — 2,706 Total marketable securities $ 126,377 $ 21 $ (2) $ 126,396 Non-current Assets Corporate bonds 19,120 8 (3) 19,125 Total assets $ 145,497 $ 29 $ (5) $ 145,521 The Company periodically evaluates its investments for other-than-temporary declines in fair value. The unrealized losses on the available-for-sale securities were primarily due to unfavorable changes in interest rates subsequent to the initial purchase of these securities. Gross unrealized losses of the Company’s available-for-sale securities that have been in a continuous unrealized loss position for twelve months or longer were immaterial as of April 30, 2021 and January 31, 2021. The Company expects to recover the full carrying value of its available-for-sale securities in an unrealized loss position as it does not intend or anticipate a need to sell these securities prior to recovering the associated unrealized losses. The Company also expects any credit losses would be immaterial based on the high-grade credit rating for each of such available-for-sale securities. As a result, the Company does not consider any portion of the unrealized losses as of April 30, 2021 or January 31, 2021 to represent an other-than temporary impairment or credit losses. In April 2020, the Company entered into a five-year $40.0 million term loan agreement with Silicon Valley Bank. As of April 30, 2021, $40.0 million was drawn and $39.8 million was outstanding under this term loan. The fair value of the term loan approximates its carrying value since the interest rate is at market. In January 2020 and June 2020, the Company issued convertible notes to a trust affiliated with the Company’s CEO. The fair value of the convertible notes at issuance on January 30, 2020 and June 26, 2020 was $203.0 million

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components Property and Equipment, Net Property and equipment, net, consisted of the following (in thousands): April 30, 2021 January 31, 2021 Desktop and other computer equipment $ 2,281 $ 2,229 Furniture and fixtures 1,937 2,012 Leasehold improvements 13,760 13,686 Capitalized internal-use software 10,755 10,498 Construction in progress 1 88,699 68,409 Total gross property and equipment 117,432 96,834 Less: Accumulated depreciation and amortization (23,294) (22,398) Total property and equipment, net $ 94,138 $ 74,436 __________________ 1 Construction in progress is primarily related to the build-out of the Company's new corporate headquarters. Refer to Note 9. Leases for additional information. Depreciation and amortization expense was $1.0 million and $0.7 million for the three months ended April 30, 2021 and 2020, respectively. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): April 30, 2021 January 31, 2021 Prepaid expenses $ 15,826 $ 16,696 Deferred contract acquisition costs, current 6,896 5,742 Other current assets 3,182 4,857 Total prepaid expenses and other current assets $ 25,904 $ 27,295 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): April 30, 2021 January 31, 2021 Accrued payroll liabilities $ 7,834 $ 10,607 Accrued taxes for fringe benefits 2,266 2,963 Accrued advertising expenses 7,155 7,020 Accrued property and equipment 6,367 4,715 Accrued consulting expenses 3,833 2,393 Accrued sales and value-added taxes 6,050 3,704 Other liabilities 13,030 10,214 Total accrued expenses and other current liabilities $ 46,535 $ 41,616

Convertible Notes_Related Party

Convertible Notes—Related Party	3 Months Ended
	Apr. 30, 2021
Related Party Transactions [Abstract]
Convertible Notes - Related Party	Convertible Notes—Related Party The Company issued two 3.5% unsecured senior mandatory convertible promissory notes in January 2020 (“January 2020 Convertible Note”) and June 2020 (“June 2020 Convertible Note”) (collectively, the “Convertible Notes”) in principal amounts of $300.0 million and $150.0 million, respectively. The Convertible Notes are not transferable except to affiliates, contain no financial or restrictive covenants, and are expressly subordinated in right of payment to any of our existing or future secured indebtedness. Consistent with the terms of the Convertible Notes, in April and June 2020, the Dustin Moskovitz Trust entered into subordination agreements with Silicon Valley Bank to confirm the parties’ agreement that the Convertible Notes are subordinated to the five-year $40.0 million secured term loan facility. The net carrying amount of the Convertible Notes was as follows (in thousands): April 30, 2021 January 31, 2021 Principal $ 450,000 $ 450,000 Unamortized discount (106,303) (112,548) Accrued interest expense 17,640 13,709 Net carrying amount $ 361,337 $ 351,161 The principal amounts, maturity dates, range of shares potentially issuable at maturity, initial conversion price, and shares issuable at maturity for each of the 2020 Notes are presented below (in thousands, except share price): Aggregate Principal Amount Maturity Date Range of Shares Potentially Issuable at Maturity (1) Initial Conversion Price (1) January 2020 Convertible Note $ 300,000 1/30/2025 11,282 - 18,052 $ 31.58 June 2020 Convertible Note 150,000 6/26/2025 5,731 - 9,169 31.09 Total $ 450,000 17,013 - 27,221 __________________ 1 Subject to customary anti-dilution and other adjustments. Interest expense related to the Convertible Notes was as follows (in thousands): Three Months Ended April 30, 2021 2020 Amortization of debt discount $ 6,246 $ 4,402 Contractual interest expense 3,930 2,589 Total interest expense $ 10,176 $ 6,991 In April 2020, the Company entered into a five-year $40.0 million term loan agreement with Silicon Valley Bank. As of April 30, 2021, $40.0 million was drawn and $39.8 million was outstanding under this term loan. As of April 30, 2021, the Company was in compliance with all financial covenants related to the term loan. The net carrying amount of the term loan was as follows (in thousands): April 30, 2021 Principal $ 39,833 Accrued Interest 75 Unamortized loan issuance costs (67) Net carrying amount $ 39,841 Term loan, current $ 2,242 Term loan, noncurrent $ 37,599

Debt

Debt	3 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Debt	Convertible Notes—Related Party The Company issued two 3.5% unsecured senior mandatory convertible promissory notes in January 2020 (“January 2020 Convertible Note”) and June 2020 (“June 2020 Convertible Note”) (collectively, the “Convertible Notes”) in principal amounts of $300.0 million and $150.0 million, respectively. The Convertible Notes are not transferable except to affiliates, contain no financial or restrictive covenants, and are expressly subordinated in right of payment to any of our existing or future secured indebtedness. Consistent with the terms of the Convertible Notes, in April and June 2020, the Dustin Moskovitz Trust entered into subordination agreements with Silicon Valley Bank to confirm the parties’ agreement that the Convertible Notes are subordinated to the five-year $40.0 million secured term loan facility. The net carrying amount of the Convertible Notes was as follows (in thousands): April 30, 2021 January 31, 2021 Principal $ 450,000 $ 450,000 Unamortized discount (106,303) (112,548) Accrued interest expense 17,640 13,709 Net carrying amount $ 361,337 $ 351,161 The principal amounts, maturity dates, range of shares potentially issuable at maturity, initial conversion price, and shares issuable at maturity for each of the 2020 Notes are presented below (in thousands, except share price): Aggregate Principal Amount Maturity Date Range of Shares Potentially Issuable at Maturity (1) Initial Conversion Price (1) January 2020 Convertible Note $ 300,000 1/30/2025 11,282 - 18,052 $ 31.58 June 2020 Convertible Note 150,000 6/26/2025 5,731 - 9,169 31.09 Total $ 450,000 17,013 - 27,221 __________________ 1 Subject to customary anti-dilution and other adjustments. Interest expense related to the Convertible Notes was as follows (in thousands): Three Months Ended April 30, 2021 2020 Amortization of debt discount $ 6,246 $ 4,402 Contractual interest expense 3,930 2,589 Total interest expense $ 10,176 $ 6,991 In April 2020, the Company entered into a five-year $40.0 million term loan agreement with Silicon Valley Bank. As of April 30, 2021, $40.0 million was drawn and $39.8 million was outstanding under this term loan. As of April 30, 2021, the Company was in compliance with all financial covenants related to the term loan. The net carrying amount of the term loan was as follows (in thousands): April 30, 2021 Principal $ 39,833 Accrued Interest 75 Unamortized loan issuance costs (67) Net carrying amount $ 39,841 Term loan, current $ 2,242 Term loan, noncurrent $ 37,599

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Standby Letters of Credit As of April 30, 2021, the Company had several letters of credit outstanding related to its operating leases totaling $21.7 million. The letters of credit expire at various dates between 2021 and 2034. Purchase Commitments In January 2021, the Company entered into a 60-month contract with Amazon Web Services for hosting-related services. Pursuant to the terms of the contract, the Company is required to spend a minimum of $103.5 million over the term of the agreement. The commitment may be offset by up to $7.3 million in additional credits subject to the Company meeting certain conditions of the agreement, which the Company has determined are probable to be met. As of April 30, 2021, the Company ha d payments of $94.4 million remaining on the commitment, of which $1.2 million has been recorded on the Company’s condensed consolidated balance sheet within accounts payable or accrued expenses and other liabilities. Capital Commitments During the year ended January 31, 2021, the Company entered into multiple agreements with a construction company related to the build-out of the Company’s new corporate headquarters (see Note 9. Leases) . The cumulative contract value is $71.1 million, and as of April 30, 2021, $18.2 million remains unpaid under these agreements, of which $12.7 million has been recorded on the Company’s condensed consolidated balance sheet within accounts payable or accrued expenses and other liabilities. Indemnification Agreements The Company has entered into indemnification agreements with its directors and officers that may require the Company to indemnify its directors and officers against any liabilities that may arise by reason of their status or service as directors or officers, other than liabilities arising from willful misconduct of the individual. Additionally, in the ordinary course of business, the Company enters into agreements of varying scope and terms pursuant to which it agrees to indemnify customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of the breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third parties. For the three months ended April 30, 2021 and 2020, no demands have been made upon the Company to provide indemnification under such agreements, and there are no claims that the Company is aware of that could have a material adverse effect on its financial position, results of operations, or cash flows. Contingencies From time to time in the normal course of business, the Company may be subject to various claims and other legal matters arising in the ordinary course of business. As of April 30, 2021, the Company believes that none of its current legal proceedings would have a material adverse effect on its financial position, results of operations, or cash flows.

Leases

Leases	3 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Leases	Leases The Company leases real estate facilities under non-cancelable operating leases with various expiration dates through fiscal 2034. The Company has no lease agreements that are classified as finance leases. The components of lease costs, lease term, and discount rate for operating leases are as follows: Three Months Ended April 30, 2021 April 30, 2020 Operating lease costs (in thousands) $ 9,132 $ 3,056 Short-term lease costs (in thousands) 728 460 Variable lease costs (in thousands) 189 262 Total lease costs (in thousands) $ 10,049 $ 3,778 April 30, 2021 April 30, 2020 Weighted-average remaining lease term (in years) 12.0 1.9 Weighted-average discount rate 9.5 % 3.4 % Supplemental cash flow information related to operating leases are as follows (in thousands): Three Months Ended April 30, 2021 April 30, 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,532 $ 2,959 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,710 $ — Future minimum lease payments (net of tenant improvement receivables) under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of April 30, 2021 are as follows (in thousands): Fiscal year ending January 31, Operating Lease Payments (Net) 2022 (9 months remaining) $ 12,435 2023 29,586 2024 27,974 2025 28,032 2026 and thereafter 284,042 Total undiscounted operating lease payments $ 382,069 Less: imputed interest (167,816) Total operating lease liabilities $ 214,253 The Company has an operating lease arrangement for office space in San Francisco, which commenced in May 2020 and expires in October 2033. As part of the agreement, the Company was required to issue a $17.0 million letter of credit upon access to the office space, which occurred in the year ended January 31, 2021. The Company participated in the construction of the office space and has incurred construction costs to prepare the office space for its use, which will be partially reimbursed by the landlord. During the year ended January 31, 2021 , all three phases of this lease commenced, and as a result, the Company recognized total ROU assets of $175.5 million, with corresponding operating lease liabilities of $173.4 million, on the consolidated balance sheet as of the respective commencement dates of these three phases. The Company expects to incur a total of approximately $392.4 million of future minimum payments and capital commitments, net of tenant improvement receivables, as of April 30, 2021, inclusive of $372.1 million of net lease payments included in the future minimum lease payments table above and the remaining capital commitments related to the build-out of the Company’s new corporate headquarters referenced in Note 8. Commitments and Contingencies . The lease arrangement also includes a fee for access to additional shared space, for which future payments total $3.9 million.

Net Loss per Share

Net Loss per Share	3 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended April 30, 2021 2020 Numerator: Net loss $ (60,658) $ (35,845) Denominator: Weighted-average shares used in calculating net loss per share, basic and diluted 162,079 75,641 Net loss per share, basic and diluted $ (0.37) $ (0.47) The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands): Three Months Ended April 30, 2021 2020 Redeemable convertible preferred stock — 73,577 Stock options 20,691 33,796 Restricted stock units 8,185 1,984 Early exercised stock options 548 1,149 Shares issuable pursuant to the 2020 Employee Stock Purchase Plan 81 — Total 29,505 110,506 Additionally, 17,012,822 and 18,051,810 shares of the Company’s Class B common stock underlying the conversion option in the Convertible Notes are not considered in the calculation of diluted net loss per share as the effect would be anti-dilutive for the three months ended April 30, 2021 and 2020, respectively. As noted in Note 6. Convertible Notes—Related Party, the range of shares potentially issuable at maturity of the Convertible Notes is between 17,012,822 and 27,220,504 shares.

Stockholders' Deficit

Stockholders' Deficit	3 Months Ended
	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Stockholders' Deficit	Stockholders’ Deficit Common Stock There are two classes of common stock that total 1,500,000,000 authorized shares: 1,000,000,000 authorized shares of Class A common stock and 500,000,000 authorized shares of Class B common stock. There are 91,685,723 shares of Class A common stock and 71,785,101 shares of Class B common stock issued and outstanding as of April 30, 2021. Stock Plans The Company has a 2009 Stock Plan (the “2009 Plan”), a 2012 Amended and Restated Stock Plan (the “2012 Plan”), and a 2020 Equity Incentive Plan (the “2020 Plan”). Each plan was initially established to grant equity awards to employees and consultants of the Company to assist in attracting, retaining, and motivating employees and consultants and to provide incentives to promote the success of the Company’s business. Options granted under each of the plans may be either incentive stock options (“ISOs”) or nonqualified stock options (“NSOs”). ISOs may be granted only to Company employees (including officers and directors who are also employees). NSOs may be granted to Company employees and consultants. Restricted stock units may also be granted under the 2012 Plan and the 2020 Plan. Options under the 2012 and 2020 Plans may be granted for periods of up to 10 years. The exercise price of ISOs and NSOs shall not be less than 100% of the estimated fair value of the shares on the date of grant as determined by the Company’s board of directors (the “Board of Directors”). Options granted generally vest over four years and vest at a rate of 25% upon the first anniversary of the vesting commencement date and 1/48 per month thereafter. The Company has also issued RSUs pursuant to the 2012 Plan and 2020 Plan. RSUs granted generally vest on a predefined rate over a period of four years contingent upon continuous service. Shares of common stock purchased under the 2012 Plan and the 2020 Plan plans are subject to certain restrictions and repurchase rights, including the right of first refusal by the Company for sale or transfer of shares to outside parties. Stock Options Option activity under the Company’s combined stock plans is set forth below (in thousands, except years and per share data): Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual (in years) Aggregate Intrinsic Value Balances at January 31, 2021 22,340 $ 2.85 6.9 $ 726,455 Options granted — — Options exercised (1,380) 2.16 Options canceled (269) 4.51 Balances at April 30, 2021 20,691 $ 2.88 6.7 $ 629,865 Vested and exercisable at April 30, 2021 12,124 $ 2.15 6.0 $ 377,915 Vested and expected to vest at April 30, 2021 21,239 $ 2.92 6.8 $ 645,758 The weighted-average grant-date fair value of options granted and the total intrinsic value of options exercised during the periods presented were as follows: Three Months Ended April 30, 2021 2020 Weighted-average grant-date fair value per share N/A $ 6.77 Aggregate intrinsic value of options exercised (in thousands) $ 42,175 $ 5,089 Early Exercise of Employee Options The 2009 Plan and 2012 Plan allow for the early exercise of stock options. The consideration received for an early exercise of an option is considered to be a deposit of the exercise price, and the related dollar amount is recorded as a liability and reflected in accrued expenses and other current liabilities and other liabilities in the condensed consolidated balance sheets. This liability is reclassified to additional paid-in capital as the awards vest. If a stock option is early exercised, the unvested shares may be repurchased by the Company in case of employment termination at the price paid by the purchaser for such shares. Shares that were subject to repurchase totaled 548,299 and 1,148,628 at April 30, 2021 and 2020, respectively. Determination of Fair Values The assumptions used in the Black-Scholes pricing model for stock-based compensation for options granted in the periods below were as follows: Three Months Ended April 30, 2021 2020 Risk-free interest rate N/A 1.2 % Expected term N/A 8 years Dividend yield N/A — % Expected volatility N/A 44.6% Restricted Stock Units The Company’s RSU activity is set forth below (in thousands, except per share data): Number of Shares Weighted- Average Grant Date Fair Value Aggregate Intrinsic Value Unvested RSUs at January 31, 2021 8,199 $ 19.01 $ 289,987 RSUs granted 631 35.13 RSUs vested (408) 15.93 RSUs cancelled/forfeited (237) 18.51 Unvested RSUs at April 30, 2021 8,185 20.41 $ 272,731 RSUs vested, not yet released at April 30, 2021 198 $ 13.40 Stock-Based Compensation Expense Stock-based compensation for stock-based awards to employees and non-employees in the Company’s condensed consolidated statements of operations for the periods below were as follows (in thousands): Three Months Ended April 30, 2021 2020 Cost of revenues $ 120 $ 46 Research and development 9,140 2,081 Sales and marketing 4,153 1,099 General and administrative 2,618 756 Total stock-based compensation expense $ 16,031 $ 3,982 The stock-based compensation expense related to options granted to non-employees for the three months ended April 30, 2021 and 2020 were not material. Total unrecognized compensation costs related to unvested awards not yet recognized under all equity compensation plans was as follows: April 30, 2021 Unrecognized Expense Weighted-Average Expected Recognition Period Stock options $ 21,267 2.0 RSUs 151,825 3.3 Total unrecognized stock-based compensation expense (unaudited) $ 173,092 3.1 2020 Employee Stock Purchase Plan In September 2020, the Board of Directors adopted and approved the 2020 Employee Stock Purchase Plan (“ESPP”), which became effective on the effective date of the Company's registration statement on Form S-1 filed with the SEC in connection with the Direct Listing. The ESPP initially reserved and authorized the issuance of up to a total of 2,000,000 shares of Class A common stock to participating employees. The initial offering period began September 30, 2020 and will end on September 15, 2022, with purchase dates of March 15, 2021, September 15, 2021, March 15, 2022, and September 15, 2022. The ESPP provides for 24-month offering periods beginning September 16 and March 16 of each year, with each offering period consisting of four six-month purchase periods, except for the initial offering period which began on September 30, 2020 and will end on September 15, 2022. The purchase price of shares of Class A common stock under an offering will be the lesser of: (i) 85% of the fair market value of such shares of Class A common stock on the offering date, and (ii) 85% of the fair market value of such shares of Class A common stock on the applicable purchase date. Current employees who purchase shares under the ESPP may not sell such shares prior to the first anniversary of such purchase date and such shares will be designated with an applicable resale restriction. As of April 30, 2021, 250,270 shares have been purchased under the ESPP. During the three months ended April 30, 2021, the Company recognized $2.4 million of stock-based compensation expense related to ESPP and withheld $2.0 million in contributions from employees. As of April 30, 2021, total unrecognized compensation costs related to the 2020 ESPP was $6.6 million, which will be amortized over a weighted average vesting term of 1.0 year.

Interest Income and Other Incom

Interest Income and Other Income (Expense), Net	3 Months Ended
	Apr. 30, 2021
Other Income and Expenses [Abstract]
Interest Income and Other Income (Expense), Net	Interest Income and Other Income (Expense), Net Interest income and other income (expense), net consist of the following (in thousands): Three Months Ended April 30, 2021 2020 Interest income $ 94 $ 694 Unrealized gains (losses) on foreign currency transactions 111 (158) Other non-operating expense (197) (182) $ 8 $ 354

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended April 30, 2021 and April 30, 2020, the Company's income tax expense was $0.3 million and $0.1 million, respectively. The Company's income tax expense for the three months ended April 30, 2021 and April 30, 2020 is due primarily to income taxes in foreign jurisdictions.

Geographic Information

Geographic Information	3 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Geographic Information	Geographic Information The following tables set forth revenues and long-lived assets, including operating lease ROU assets, by geographic area for the periods presented below (in thousands): Revenues Three Months Ended April 30, 2021 2020 United States $ 44,107 $ 28,973 International 32,566 18,733 Total revenues $ 76,673 $ 47,706 Revenues by geography are based on the billing address of the customer. Long-Lived Assets April 30, 2021 January 31, 2021 United States $ 271,033 $ 252,521 International 4,198 4,839 Total long-lived assets $ 275,231 $ 257,360

Related Party Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions In January and June 2020, the Company issued Convertible Notes to a trust affiliated with the Company’s CEO. See Note 6, “Convertible Notes—Related Party” for further details. During the fiscal year ended January 31, 2020, the Company began leasing certain office facilities from a company affiliated with a Board member of the Company. Rent payments ma de under these leases totaled $0.5 million and $0.5 million during the three months ended April 30, 2021 and April 30, 2020, respectively. The Company has entered into an advertising agreement with a company affiliated with a Board member of the Company. Payments under this agreement totaled $0.2 million during the three months ended April 30, 2021. There were no payments under this agreement during the three months ended April 30, 2020. The Company has entered into various recurring subscription agreements with a company affiliated with a Board member of the Company. The Company recognized revenue of $0.1 million and less than $0.1 million under these subscription agreements during the three months ended April 30, 2021 and April 30, 2020, respectively.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”) and include the accounts of the Company’s wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated on consolidation.
Basis of Accounting	The unaudited condensed consolidated balance sheet as of January 31, 2021 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. In management's opinion, the unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to state fairly the balance sheet, statements of comprehensive loss, statements of redeemable convertible preferred stock and stockholders' deficit, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K filed with the SEC on March 30, 2021.
Direct Listing	Direct Listing On September 30, 2020, the Company completed a direct listing of its Class A common stock (the “Direct Listing”) on the NYSE. The Company incurred fees related to financial advisory service, audit, and legal expenses in connection with the Direct Listing and recorded general and administrative expenses of $1.2 million for the three months ended April 30, 2020. The Company recorded no general and administrative expenses in connection with the Direct Listing for the three months ended April 30, 2021. Prior to the Direct Listing, all 73.6 million outstanding shares of redeemable convertible preferred stock were converted into an equivalent number of shares of Class B common stock.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Estimates and assumptions reflected in the consolidated financial statements include, but are not limited to, revenue recognition, the useful lives and carrying values of long-lived assets, the fair value of the Convertible Notes (as defined in Note 4), the fair value of common stock for periods prior to the Direct Listing, stock-based compensation expense, the period of benefit for deferred contract acquisition costs, and income taxes. Actual results could differ from those estimates.
Risks and Uncertainties	Risks and Uncertainties As a result of the COVID-19 pandemic, the Company has temporarily closed its headquarters and other physical offices, required its employees and contractors to work remotely, and implemented travel restrictions, all of which represent a significant disruption in how the Company operates its business. The operations of its partners and customers have likewise been disrupted. While the duration and extent of the COVID-19 pandemic depends on future developments that cannot be accurately predicted at this time, such as the extent and effectiveness of containment and mitigation actions and the availability and widespread use of effective vaccines, it has already had an adverse effect on the global economy and the ultimate societal and economic impact of the COVID-19 pandemic remains unknown. In particular, the conditions caused by this pandemic could affect the rate of global IT spending and could adversely affect demand for the Company’s platform, lengthen the Company’s sales cycles, reduce the
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash, cash equivalents, and marketable securities. Substantially all the Company’s cash and cash equivalents are held by four financial institutions that management believes are of high credit quality. Such deposits may, at times, exceed federally insured limits. Cash equivalents are invested in highly rated money market funds. A large portion of the Company’s customers authorize the Company to bill their credit card accounts through the Company’s third-party payment processing partners, presenting additional credit risk. For the three months ended April 30, 2021 and April 30, 2020, there was no individual customer that accounted for 10% or more of the Company’s revenues. The Company had one customer account for approximately 29% and 13% of accounts receivable as of April 30, 2021 and January 31, 2021, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts reflected in the condensed consolidated balance sheets for cash equivalents, accounts receivable, and accounts payable approximate their respective fair values due to the short maturities of those instruments. Available-for-sale marketable securities are recorded at fair value on the condensed consolidated balance sheets. The Company accounts for certain of its financial assets at fair value. In determining and disclosing fair value, the Company uses a fair value hierarchy established by U.S. GAAP. The guidance defines fair value as an exit price, representing the amount that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the Company utilizes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1—Observable inputs such as quoted prices in active markets. Level 2—Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3—Unobservable inputs in which there is little or no market data and that are significant to the fair value of the assets or liabilities. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considers counterparty credit risk in its assessment of fair value.
Recently Issued Accounting Pronouncements Not Yet Adopted and Recently Adopted Accounting Pronouncements	Recently Issued Accounting Pronouncements Not Yet Adopted In August 2020, the FASB issued ASU No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity , which simplifies the accounting for certain convertible instruments, amends the guidance on derivative scope exceptions for contracts in an entity's own equity, and modifies the guidance on diluted earnings per share calculations as a result of these changes. The guidance is effective for the Company’s fiscal years beginning after February 1, 2022, and earlier adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2020-06. Recently Adopted Accounting Pronouncements On February 1, 2021, the Company adopted ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which requires the measurement and recognition of expected credit losses for financial assets held at amortized costs, including accounts receivables. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will result in more timely recognition of credit losses. The adoption of the guidance did not have a material impact on the Company’s condensed consolidated financial statements. On February 1, 2021, the Company adopted ASU No. 2018-15 , Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The amendments in ASU No. 2018-15 amend the definition of a hosting arrangement and requires a customer in a hosting arrangement that is a service contract to capitalize certain costs as if the arrangement were an internal-use software project . The Company adopted ASU No. 2018-15 as of February 1, 2021 using a prospective transition approach.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Apr. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Deferred Contract Acquisition Costs	The following table summarizes the activity of deferred contract acquisition costs (in thousands): Three Months Ended April 30, 2021 2020 Beginning balance $ 12,093 $ 6,107 Capitalization of contract acquisition costs 4,122 1,251 Amortization of deferred contract acquisition costs (1,629) (711) Ending balance $ 14,586 $ 6,647 Deferred contract acquisition costs, current $ 6,896 $ 3,073 Deferred contract acquisition costs, noncurrent 7,690 3,574 Total deferred contract acquisition costs $ 14,586 $ 6,647

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis	The following table summarizes, for assets and liabilities measured at fair value, the respective fair value and classification by level of input within the fair value hierarchy (in thousands): April 30, 2021 Level 1 Level 2 Level 3 Total Current Assets Cash equivalents Money market funds $ 221,599 $ — $ — $ 221,599 Total cash equivalents $ 221,599 $ — $ — $ 221,599 Marketable securities U.S. treasury bonds $ 30,138 $ — $ — $ 30,138 Commercial paper — 48,266 — 48,266 Corporate bonds — 41,265 — 41,265 Certificate of deposit — 2,705 — 2,705 Total marketable securities $ 30,138 $ 92,236 $ — $ 122,374 Non-current Assets Corporate bonds — 12,099 — 12,099 Total assets $ 251,737 $ 104,335 $ — $ 356,072 January 31, 2021 Level 1 Level 2 Level 3 Total Current Assets Cash equivalents Money market funds $ 207,187 $ — $ — $ 207,187 Commercial paper — 2,230 — 2,230 Certificates of deposit — 1,050 — 1,050 Total cash equivalents $ 207,187 $ 3,280 $ — $ 210,467 Marketable securities U.S. treasury bonds $ 40,245 $ — $ — $ 40,245 Commercial paper — 43,159 — 43,159 Corporate bonds — 40,286 — 40,286 Certificate of deposit — 2,706 — 2,706 Total marketable securities $ 40,245 $ 86,151 $ — $ 126,396 Non-current Assets Corporate bonds — 19,125 — 19,125 Total assets $ 247,432 $ 108,556 $ — $ 355,988
Schedule of Debt Securities, Available-for-sale	The following table summarizes the Company's investments in marketable securities on the condensed consolidated balance sheets (in thousands): April 30, 2021 Amortized Gross Gross Unrealized Losses Estimated Current Assets U.S. treasury bonds $ 30,131 $ 7 $ — $ 30,138 Commercial paper 48,266 1 (1) 48,266 Corporate bonds 41,266 4 (5) 41,265 Certificates of deposit 2,704 1 — 2,705 Total marketable securities $ 122,367 $ 13 $ (6) $ 122,374 Non-current Assets Corporate bonds 12,094 7 (2) 12,099 Total assets $ 134,461 $ 20 $ (8) $ 134,473 January 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Current Assets U.S. treasury bonds $ 40,236 $ 9 $ — $ 40,245 Commercial paper 43,158 2 (1) 43,159 Corporate bonds 40,278 9 (1) 40,286 Certificates of deposit 2,705 1 — 2,706 Total marketable securities $ 126,377 $ 21 $ (2) $ 126,396 Non-current Assets Corporate bonds 19,120 8 (3) 19,125 Total assets $ 145,497 $ 29 $ (5) $ 145,521

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Apr. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property and Equipment, Net	Property and Equipment, Net Property and equipment, net, consisted of the following (in thousands): April 30, 2021 January 31, 2021 Desktop and other computer equipment $ 2,281 $ 2,229 Furniture and fixtures 1,937 2,012 Leasehold improvements 13,760 13,686 Capitalized internal-use software 10,755 10,498 Construction in progress 1 88,699 68,409 Total gross property and equipment 117,432 96,834 Less: Accumulated depreciation and amortization (23,294) (22,398) Total property and equipment, net $ 94,138 $ 74,436 __________________ 1 Construction in progress is primarily related to the build-out of the Company's new corporate headquarters. Refer to Note 9. Leases for additional information.
Schedule of Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): April 30, 2021 January 31, 2021 Prepaid expenses $ 15,826 $ 16,696 Deferred contract acquisition costs, current 6,896 5,742 Other current assets 3,182 4,857 Total prepaid expenses and other current assets $ 25,904 $ 27,295
Schedule of Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): April 30, 2021 January 31, 2021 Accrued payroll liabilities $ 7,834 $ 10,607 Accrued taxes for fringe benefits 2,266 2,963 Accrued advertising expenses 7,155 7,020 Accrued property and equipment 6,367 4,715 Accrued consulting expenses 3,833 2,393 Accrued sales and value-added taxes 6,050 3,704 Other liabilities 13,030 10,214 Total accrued expenses and other current liabilities $ 46,535 $ 41,616

Convertible Notes_Related Par_2

Convertible Notes—Related Party (Tables)	3 Months Ended
	Apr. 30, 2021
Related Party Transactions [Abstract]
Summary of the Carrying Amount of Convertible Debt	The net carrying amount of the Convertible Notes was as follows (in thousands): April 30, 2021 January 31, 2021 Principal $ 450,000 $ 450,000 Unamortized discount (106,303) (112,548) Accrued interest expense 17,640 13,709 Net carrying amount $ 361,337 $ 351,161 The principal amounts, maturity dates, range of shares potentially issuable at maturity, initial conversion price, and shares issuable at maturity for each of the 2020 Notes are presented below (in thousands, except share price): Aggregate Principal Amount Maturity Date Range of Shares Potentially Issuable at Maturity (1) Initial Conversion Price (1) January 2020 Convertible Note $ 300,000 1/30/2025 11,282 - 18,052 $ 31.58 June 2020 Convertible Note 150,000 6/26/2025 5,731 - 9,169 31.09 Total $ 450,000 17,013 - 27,221 __________________ 1 Subject to customary anti-dilution and other adjustments. Interest expense related to the Convertible Notes was as follows (in thousands): Three Months Ended April 30, 2021 2020 Amortization of debt discount $ 6,246 $ 4,402 Contractual interest expense 3,930 2,589 Total interest expense $ 10,176 $ 6,991

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The net carrying amount of the term loan was as follows (in thousands): April 30, 2021 Principal $ 39,833 Accrued Interest 75 Unamortized loan issuance costs (67) Net carrying amount $ 39,841 Term loan, current $ 2,242 Term loan, noncurrent $ 37,599

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Schedule of Lease Cost	The components of lease costs, lease term, and discount rate for operating leases are as follows: Three Months Ended April 30, 2021 April 30, 2020 Operating lease costs (in thousands) $ 9,132 $ 3,056 Short-term lease costs (in thousands) 728 460 Variable lease costs (in thousands) 189 262 Total lease costs (in thousands) $ 10,049 $ 3,778 April 30, 2021 April 30, 2020 Weighted-average remaining lease term (in years) 12.0 1.9 Weighted-average discount rate 9.5 % 3.4 % Supplemental cash flow information related to operating leases are as follows (in thousands): Three Months Ended April 30, 2021 April 30, 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 2,532 $ 2,959 Right-of-use assets obtained in exchange for new operating lease liabilities $ 2,710 $ —
Schedule of Operating Lease, Liability, Maturity	Future minimum lease payments (net of tenant improvement receivables) under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of April 30, 2021 are as follows (in thousands): Fiscal year ending January 31, Operating Lease Payments (Net) 2022 (9 months remaining) $ 12,435 2023 29,586 2024 27,974 2025 28,032 2026 and thereafter 284,042 Total undiscounted operating lease payments $ 382,069 Less: imputed interest (167,816) Total operating lease liabilities $ 214,253

Net Loss per Share (Tables)

Net Loss per Share (Tables)	3 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data): Three Months Ended April 30, 2021 2020 Numerator: Net loss $ (60,658) $ (35,845) Denominator: Weighted-average shares used in calculating net loss per share, basic and diluted 162,079 75,641 Net loss per share, basic and diluted $ (0.37) $ (0.47)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands): Three Months Ended April 30, 2021 2020 Redeemable convertible preferred stock — 73,577 Stock options 20,691 33,796 Restricted stock units 8,185 1,984 Early exercised stock options 548 1,149 Shares issuable pursuant to the 2020 Employee Stock Purchase Plan 81 — Total 29,505 110,506

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	3 Months Ended
	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Options Activity	Option activity under the Company’s combined stock plans is set forth below (in thousands, except years and per share data): Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual (in years) Aggregate Intrinsic Value Balances at January 31, 2021 22,340 $ 2.85 6.9 $ 726,455 Options granted — — Options exercised (1,380) 2.16 Options canceled (269) 4.51 Balances at April 30, 2021 20,691 $ 2.88 6.7 $ 629,865 Vested and exercisable at April 30, 2021 12,124 $ 2.15 6.0 $ 377,915 Vested and expected to vest at April 30, 2021 21,239 $ 2.92 6.8 $ 645,758
Summary of Weighted-Average Grant-Date Fair Value of Options Granted and Total Intrinsic Value of Options Exercised	The weighted-average grant-date fair value of options granted and the total intrinsic value of options exercised during the periods presented were as follows: Three Months Ended April 30, 2021 2020 Weighted-average grant-date fair value per share N/A $ 6.77 Aggregate intrinsic value of options exercised (in thousands) $ 42,175 $ 5,089
Schedule Assumptions used in the Black-Scholes Pricing Model for Stock-based Compensation	The assumptions used in the Black-Scholes pricing model for stock-based compensation for options granted in the periods below were as follows: Three Months Ended April 30, 2021 2020 Risk-free interest rate N/A 1.2 % Expected term N/A 8 years Dividend yield N/A — % Expected volatility N/A 44.6%
Schedule of RSU Activity	The Company’s RSU activity is set forth below (in thousands, except per share data): Number of Shares Weighted- Average Grant Date Fair Value Aggregate Intrinsic Value Unvested RSUs at January 31, 2021 8,199 $ 19.01 $ 289,987 RSUs granted 631 35.13 RSUs vested (408) 15.93 RSUs cancelled/forfeited (237) 18.51 Unvested RSUs at April 30, 2021 8,185 20.41 $ 272,731 RSUs vested, not yet released at April 30, 2021 198 $ 13.40
Schedule of Stock-Based Compensation Expense	Stock-based compensation for stock-based awards to employees and non-employees in the Company’s condensed consolidated statements of operations for the periods below were as follows (in thousands): Three Months Ended April 30, 2021 2020 Cost of revenues $ 120 $ 46 Research and development 9,140 2,081 Sales and marketing 4,153 1,099 General and administrative 2,618 756 Total stock-based compensation expense $ 16,031 $ 3,982
Summary of Unrecognized Compensation Costs, Related to Unvested Awards	Total unrecognized compensation costs related to unvested awards not yet recognized under all equity compensation plans was as follows: April 30, 2021 Unrecognized Expense Weighted-Average Expected Recognition Period Stock options $ 21,267 2.0 RSUs 151,825 3.3 Total unrecognized stock-based compensation expense (unaudited) $ 173,092 3.1

Interest Income and Other Inc_2

Interest Income and Other Income (Expense), Net (Tables)	3 Months Ended
	Apr. 30, 2021
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense)	Interest income and other income (expense), net consist of the following (in thousands): Three Months Ended April 30, 2021 2020 Interest income $ 94 $ 694 Unrealized gains (losses) on foreign currency transactions 111 (158) Other non-operating expense (197) (182) $ 8 $ 354

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Revenue by Geographic Areas	Revenues Three Months Ended April 30, 2021 2020 United States $ 44,107 $ 28,973 International 32,566 18,733 Total revenues $ 76,673 $ 47,706
Long-lived Assets by Geographic Areas	Long-Lived Assets April 30, 2021 January 31, 2021 United States $ 271,033 $ 252,521 International 4,198 4,839 Total long-lived assets $ 275,231 $ 257,360

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) - USD ($) shares in Millions	Sep. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021
Revenue, Major Customer [Line Items]
General and administrative expenses		$ 0	$ 1,200,000
Conversion of convertible preferred stock to common stock in connection with direct listing (in shares)	73.6
Customer One | Revenue from Contract with Customer Benchmark | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage		29.00%		13.00%

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 125.9
Deferred revenue, non-current	3
Deferred revenue recognized	$ 45.1	$ 27.6
Deferred contract acquisition costs, amortization period	3 years

Revenues - Performance Obligati

Revenues - Performance Obligations (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-05-01 $ in Millions	Apr. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 145.8
Revenue, remaining performance obligation, percentage	90.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Revenues - Deferred Contract Ac

Revenues - Deferred Contract Acquisition Costs Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2020
Capitalized Contract Costs [Roll Forward]
Beginning balance	$ 12,093	$ 6,107
Capitalization of contract acquisition costs	4,122	1,251
Amortization of deferred contract acquisition costs	(1,629)	(711)
Ending balance	14,586	6,647
Deferred contract acquisition costs, current			$ 6,896	$ 5,742	$ 3,073
Deferred contract acquisition costs, noncurrent			7,690		3,574
Total deferred contract acquisition costs	$ 14,586	$ 6,647	$ 14,586	$ 12,093	$ 6,647

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 221,599	$ 210,467
Marketable securities	122,374	126,396
Total assets	356,072	355,988
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	221,599	207,187
U.S. treasury bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	30,138	40,245
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		2,230
Marketable securities	48,266	43,159
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	41,265	40,286
Non-current Assets	12,099	19,125
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,050
Marketable securities	2,705	2,706
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	221,599	207,187
Marketable securities	30,138	40,245
Total assets	251,737	247,432
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	221,599	207,187
Level 1 | U.S. treasury bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	30,138	40,245
Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Marketable securities	0	0
Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Non-current Assets	0	0
Level 1 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Marketable securities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	3,280
Marketable securities	92,236	86,151
Total assets	104,335	108,556
Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 | U.S. treasury bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		2,230
Marketable securities	48,266	43,159
Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	41,265	40,286
Non-current Assets	12,099	19,125
Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,050
Marketable securities	2,705	2,706
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Marketable securities	0	0
Total assets	0	0
Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 | U.S. treasury bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Marketable securities	0	0
Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Non-current Assets	0	0
Level 3 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Marketable securities	$ 0	$ 0

Fair Value Measurements - Inves

Fair Value Measurements - Investments (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Current assets
Amortized Cost	$ 122,367	$ 126,377
Gross Unrealized Gains	13	21
Gross Unrealized Losses	(6)	(2)
Estimated Fair Value	122,374	126,396
Non-current Assets
Total assets, amortized cost	134,461	145,497
Total assets, gross unrealized gains	20	29
Total assets, gross unrealized losses	(8)	(5)
Total assets, estimated fair value	134,473	145,521
U.S. treasury bonds
Current assets
Amortized Cost	30,131	40,236
Gross Unrealized Gains	7	9
Gross Unrealized Losses	0	0
Estimated Fair Value	30,138	40,245
Commercial paper
Current assets
Amortized Cost	48,266	43,158
Gross Unrealized Gains	1	2
Gross Unrealized Losses	(1)	(1)
Estimated Fair Value	48,266	43,159
Corporate bonds
Current assets
Amortized Cost	41,266	40,278
Gross Unrealized Gains	4	9
Gross Unrealized Losses	(5)	(1)
Estimated Fair Value	41,265	40,286
Non-current Assets
Amortized Cost	12,094	19,120
Gross Unrealized Gains	7	8
Gross Unrealized Losses	(2)	(3)
Estimated Fair Value	12,099	19,125
Certificates of deposit
Current assets
Amortized Cost	2,704	2,705
Gross Unrealized Gains	1	1
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 2,705	$ 2,706

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jun. 26, 2020	Jan. 30, 2020
Debt Instrument [Line Items]
Debt drawn	$ 9,000,000	$ 0
January 2020 Convertible Note | Fair Value
Debt Instrument [Line Items]
Convertible debt, fair value disclosures	375,900,000			$ 203,000,000
June 2020 Convertible Note | Fair Value
Debt Instrument [Line Items]
Convertible debt, fair value disclosures	190,900,000		$ 112,000,000
Term Loan Agreement | Secured Debt
Debt Instrument [Line Items]
Loan agreement term		5 years
Long-term debt, face amount		$ 40,000,000
Debt drawn	40,000,000
Principal	$ 39,833,000

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Total gross property and equipment	$ 117,432		$ 96,834
Less: Accumulated depreciation and amortization	(23,294)		(22,398)
Property and equipment, net	94,138		74,436
Depreciation and amortization	1,000	$ 700
Desktop and other computer equipment
Property, Plant and Equipment [Line Items]
Total gross property and equipment	2,281		2,229
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total gross property and equipment	1,937		2,012
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total gross property and equipment	13,760		13,686
Capitalized internal-use software
Property, Plant and Equipment [Line Items]
Total gross property and equipment	10,755		10,498
Construction in progress
Property, Plant and Equipment [Line Items]
Total gross property and equipment	$ 88,699		$ 68,409

Balance Sheet Components - Prep

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 15,826	$ 16,696
Deferred contract acquisition costs, current	6,896	5,742	$ 3,073
Other current assets	3,182	4,857
Prepaid expenses and other current assets	$ 25,904	$ 27,295

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued payroll liabilities	$ 7,834	$ 10,607
Accrued taxes for fringe benefits	2,266	2,963
Accrued advertising expenses	7,155	7,020
Accrued property and equipment	6,367	4,715
Accrued consulting expenses	3,833	2,393
Accrued sales and value-added taxes	6,050	3,704
Accrued expenses and other current liabilities	13,030	10,214
Accrued expenses and other current liabilities	$ 46,535	$ 41,616

Convertible Notes_Related Par_3

Convertible Notes—Related Party - Narrative (Details)	6 Months Ended
	Jun. 30, 2020USD ($)debt_instrument	Jan. 31, 2021USD ($)	Apr. 30, 2020USD ($)
Convertible Debt
Related Party Transaction [Line Items]
Number of debt instruments issued in the period | debt_instrument	2
January 2020 Convertible Note | Convertible Debt
Related Party Transaction [Line Items]
Convertible notes, interest rate, stated percentage		3.50%
Long-term debt, face amount		$ 300,000,000
June 2020 Convertible Note | Convertible Debt
Related Party Transaction [Line Items]
Convertible notes, interest rate, stated percentage	3.50%
Long-term debt, face amount	$ 150,000,000
Term Loan Agreement | Secured Debt
Related Party Transaction [Line Items]
Long-term debt, face amount			$ 40,000,000
Long-term debt, term			5 years

Convertible Notes_Related Par_4

Convertible Notes—Related Party - Net Carrying Amount of Convertible Notes (Details) - Convertible Debt - USD ($)	Apr. 30, 2021	Jan. 31, 2021
Related Party Transaction [Line Items]
Principal	$ 450,000,000	$ 450,000,000
Unamortized discount	(106,303,000)	(112,548,000)
Accrued interest expense	17,640,000	13,709,000
Net carrying amount	$ 361,337,000	$ 351,161,000
Minimum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	17,012,822
Maximum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	27,220,504
January 2020 Convertible Note
Related Party Transaction [Line Items]
Principal	$ 300,000,000
Initial Conversion Price (USD per share)	$ 31.58
January 2020 Convertible Note | Minimum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	11,282,000
January 2020 Convertible Note | Maximum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	18,052,000
June 2020 Convertible Note
Related Party Transaction [Line Items]
Principal	$ 150,000,000
Initial Conversion Price (USD per share)	$ 31.09
June 2020 Convertible Note | Minimum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	5,731,000
June 2020 Convertible Note | Maximum
Related Party Transaction [Line Items]
Range of Shares Potentially Issuable at Maturity (in shares)	9,169,000

Convertible Notes_Related Par_5

Convertible Notes—Related Party - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Related Party Transaction [Line Items]
Amortization of debt discount	$ 6,251	$ 4,402
Convertible Notes
Related Party Transaction [Line Items]
Amortization of debt discount	6,246	4,402
Contractual interest expense	3,930	2,589
Interest expense	$ 10,176	$ 6,991

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Line of Credit Facility [Line Items]
Debt drawn	$ 9,000,000	$ 0
Secured Debt | Term Loan Agreement
Line of Credit Facility [Line Items]
Long-term debt, term		5 years
Long-term debt, face amount		$ 40,000,000
Debt drawn	40,000,000
Debt outstanding	$ 39,833,000

Debt - Net Carrying Amount of T

Debt - Net Carrying Amount of Term Loan (Details) - Secured Debt - Term Loan Agreement $ in Thousands	Apr. 30, 2021USD ($)
Debt Instrument [Line Items]
Principal	$ 39,833
Accrued Interest	75
Unamortized loan issuance costs	(67)
Net carrying amount	39,841
Term loan, current	2,242
Term loan, noncurrent	$ 37,599

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	1 Months Ended
	Jan. 31, 2021	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding, amount		$ 21.7
Long-term purchase commitment, period	60 months
Minimum spending amount	$ 103.5
Maximum offsetting amount	7.3
Purchase commitment remaining		94.4
Purchase commitments recognized in period		1.2
Cumulative contract value	$ 71.1
Outstanding portion of agreement		18.2
Contractual obligation recognized in period		$ 12.7

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating lease costs (in thousands)	$ 9,132	$ 3,056
Short-term lease costs (in thousands)	728	460
Variable lease costs (in thousands)	189	262
Total lease costs (in thousands)	$ 10,049	$ 3,778
Weighted-average remaining lease term (in years)	12 years	1 year 10 months 24 days
Weighted-average discount rate	9.50%	3.40%
Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,532	$ 2,959
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 2,710	$ 0

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) $ in Thousands	Apr. 30, 2021USD ($)
Leases [Abstract]
2022 (9 months remaining)	$ 12,435
2023	29,586
2024	27,974
2025	28,032
2026 and thereafter	284,042
Total undiscounted operating lease payments	382,069
Less: imputed interest	(167,816)
Total operating lease liabilities	$ 214,253

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2020
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount	$ 21,700
Operating lease right-of-use assets	181,093	$ 182,924
Total operating lease liabilities	214,253
Lessee, operating lease, fees, undiscounted amount			$ 3,900
San Francisco
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount		17,000
Operating lease right-of-use assets		175,500
Total operating lease liabilities		$ 173,400
Lessee, operating lease, future minimum payments net of tenant improvements receivable	392,400
Lessee, operating lease, lease not yet commenced, undiscounted amount	$ 372,100

Net Loss per Share (Details)

Net Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Numerator:
Net loss	$ (60,658)	$ (35,845)
Denominator:
Weighted-average shares used in calculating net loss per share, diluted (in shares)	162,079	75,641
Weighted-average shares used in calculating net loss per share, basic (in shares)	162,079	75,641
Net loss per share, basic (in dollars per share)	$ (0.37)	$ (0.47)
Net loss per share, diluted (in dollars per share)	$ (0.37)	$ (0.47)

Net Loss per Share - Antidiluti

Net Loss per Share - Antidilutive Securities (Details) - shares	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	29,505,000	110,506,000
Minimum | Convertible Debt
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Potentially issuable securities (in shares)	17,012,822
Maximum | Convertible Debt
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Potentially issuable securities (in shares)	27,220,504
Redeemable convertible preferred stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	0	73,577,000
Stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	20,691,000	33,796,000
Restricted stock units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	8,185,000	1,984,000
Early exercised stock options
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	548,000	1,149,000
Shares issuable pursuant to the 2020 Employee Stock Purchase Plan
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	81,000	0
Common Class B
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	17,012,822	18,051,810

Stockholders' Deficit - Narrati

Stockholders' Deficit - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)		1,500,000,000
Number of shares subject to repurchase (in shares)		548,299	1,148,628
Remaining vesting period, vesting percentage		2.08%
Total stock-based compensation expense		$ 16,031	$ 3,982
Employee contributions withheld		2,000
Unrecognized expense		$ 173,092
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, expiration period		10 years
Exercise price, minimum threshold, as a 100% of estimated fair value on the date of grant		100.00%
Vesting period		4 years
Stock options | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		25.00%
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		4 years
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 2,400
Unrecognized expense		$ 6,600
Unrecognized expense, period for recognition		1 year
Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)		1,000,000,000
Common stock, shares issued (in shares)		91,685,723
Common stock, shares outstanding (in shares)		91,685,723
Common Class A | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares reserved for future issuance (in shares)	2,000,000
Purchase price of common stock, percent	85.00%
Shares purchased under the ESPP (in shares)		250,270
Common Class B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)		500,000,000
Common stock, shares issued (in shares)		71,785,101
Common stock, shares outstanding (in shares)		71,785,101

Stockholders' Deficit - Schedul

Stockholders' Deficit - Schedule of Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021
Number of Shares
Beginning balance (in shares)	22,340
Options granted (in shares)	0
Options exercised (in shares)	(1,380)
Options canceled (in shares)	(269)
Ending balance (in shares)	20,691		22,340
Vested and exercisable, end of period (in shares)	12,124
Vested and expected to vest, end of period (in shares)	21,239
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 2.85
Options granted (in dollars per share)	0
Options exercised (in dollars per share)	2.16
Options canceled (in dollars per share)	4.51
Ending balance (in dollars per share)	2.88		$ 2.85
Vested and exercisable, end of period (in dollars per share)	2.15
Vested and expected to vest, end of period (in dollars per share)	$ 2.92
Weighted average remaining contractual term	6 years 8 months 12 days		6 years 10 months 24 days
Weighted average remaining contractual term, vested and exercisable	6 years
Weighted average remaining contractual term, vested and expected to vest	6 years 9 months 18 days
Aggregate intrinsic value, outstanding	$ 629,865		$ 726,455
Aggregate intrinsic value, vested and exercisable	377,915
Aggregate intrinsic value, vested and expected to vest	645,758
Weighted-average grant-date fair value per share (in dollars per share)		$ 6.77
Aggregate intrinsic value of options exercised (in thousands)	$ 42,175	$ 5,089

Stockholders' Deficit - Fair Va

Stockholders' Deficit - Fair Value Assumptions (Details)	3 Months Ended
	Apr. 30, 2020
Share-based Payment Arrangement [Abstract]
Risk-free interest rate	1.20%
Expected term	8 years
Dividend yield	0.00%
Expected volatility	44.60%

Stockholders' Deficit - Sched_2

Stockholders' Deficit - Schedule of RSU Activity (Details) - Restricted stock units - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2021	Jan. 31, 2021
Number of Shares
Beginning Balance (in shares)	8,199
RSUs granted (in shares)	631
RSUs vested, and released (in shares)	(408)
RSUs cancelled/forfeited (in shares)	(237)
Ending Balance (in shares)	8,185
Weighted- Average Grant Date Fair Value
Beginning Balance (in dollars per share)	$ 19.01
RSUs granted (in dollars per share)	35.13
RSUs vested, and released (in dollars per share)	15.93
RSUs cancelled/forfeited (in dollars per share)	18.51
Ending Balance (in dollars per share)	$ 20.41
RSUs vested, not released (in shares)	198
RSUs vested, not released (in dollars per share)	$ 13.40
Aggregate Intrinsic Value	$ 272,731	$ 289,987

Stockholders' Deficit - Stock-b

Stockholders' Deficit - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 16,031	$ 3,982
Unrecognized expense, stock options	21,267
Unrecognized expense, RSUs	151,825
Total unrecognized stock-based compensation expense (unaudited)	$ 173,092
Weighted-Average Expected Recognition Period (in years)	3 years 1 month 6 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Expected Recognition Period (in years)	2 years
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Expected Recognition Period (in years)	3 years 3 months 18 days
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 120	46
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	9,140	2,081
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4,153	1,099
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 2,618	$ 756

Interest Income and Other Inc_3

Interest Income and Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Other Income and Expenses [Abstract]
Interest income	$ 94	$ 694
Unrealized gains (losses) on foreign currency transactions	111	(158)
Other non-operating expense	(197)	(182)
Interest income and other income (expense), net	$ 8	$ 354

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 310	$ 123

Geographic Information (Details

Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2021
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 76,673	$ 47,706
Long-lived assets	275,231		$ 257,360
United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	44,107	28,973
Long-lived assets	271,033		252,521
International
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	32,566	$ 18,733
Long-lived assets	$ 4,198		$ 4,839

Related Party Transactions (Det

Related Party Transactions (Details) - Affiliated Entity - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Related Party Transaction [Line Items]
Revenue from related parties	$ 0.1	$ 0.1
Lease Expense
Related Party Transaction [Line Items]
Amount of related party transactions	0.5	0.5
Advertising Expense
Related Party Transaction [Line Items]
Amount of related party transactions	$ 0.2	$ 0

Uncategorized Items - asan-2021

Label	Element	Value
Restricted Cash	us-gaap_RestrictedCash	$ 4,643,000
Restricted Cash	us-gaap_RestrictedCash	$ 0