HashiCorp (HCP) 10-Q 9 Jun 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2022	Jun. 02, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	HCP
Entity Registrant Name	HashiCorp, Inc.
Entity Central Index Key	0001720671
Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Small Business	false
Title of 12(b) Security	Class A Common Stock, par value $0.000015 per share
Security Exchange Name	NASDAQ
Entity File Number	001-41121
Entity Tax Identification Number	32-0410665
Entity Address, Address Line One	101 Second Street
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	San Francisco
Entity Address, Postal Zip Code	94105
City Area Code	415
Local Phone Number	301-3250
Entity Address, State or Province	CA
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		39,446,890
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		144,936,998

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Current assets
Cash and cash equivalents	$ 1,340,900	$ 1,355,828
Accounts receivable, net	89,944	126,812
Deferred contract acquisition costs	32,200	32,205
Prepaid expenses and other current assets	19,304	17,744
Total current assets	1,482,348	1,532,589
Deferred contract acquisition costs, non-current	63,205	57,126
Other assets, non-current	34,829	33,960
Total assets	1,580,382	1,623,675
Current liabilities:
Accounts payable	9,565	14,267
Accrued expenses and other current liabilities	10,001	7,672
Accrued compensation and benefits	50,611	56,939
Deferred revenue	204,428	206,416
Customer deposits	23,655	23,383
Total current liabilities	298,260	308,677
Deferred revenue, non-current	15,500	16,873
Other liabilities, non-current	15,008	15,834
Total liabilities	328,768	341,384
Commitments and contingencies (note 8)
Stockholders' equity
Additional paid-in capital	1,835,930	1,788,390
Accumulated deficit	(584,319)	(506,102)
Total stockholders' equity	1,251,614	1,282,291
Total liabilities and stockholders' equity	1,580,382	1,623,675
Class A Common Stock
Stockholders' equity
Common Stock	1	1
Class B Common Stock
Stockholders' equity
Common Stock	$ 2	$ 2

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2022	Jan. 31, 2022
Class A Common Stock
Common stock, Par value	$ 0.000015	$ 0.000015
Common stock, Shares authorized	1,000,000,000	1,000,000,000
Common stock, Shares issued	35,143,574	30,596,695
Common stock, Shares outstanding	35,143,574	30,596,695
Class B Common Stock
Common stock, Par value	$ 0.000015	$ 0.000015
Common stock, Shares authorized	200,000,000	200,000,000
Common stock, Shares issued	148,564,081	151,569,865
Common stock, Shares outstanding	148,564,081	151,569,865

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Revenue:
Total revenue	$ 100,897	$ 66,912
Cost of revenue:
Total cost of revenue	19,389	12,676
Gross Profit, Total	81,508	54,236
Operating expenses:
Sales and marketing	80,252	38,876
Research and development	47,175	18,134
General and administrative	32,523	12,642
Total operating expenses	159,950	69,652
Loss from operations	(78,442)	(15,416)
Other income, net	510	94
Loss before income taxes	(77,932)	(15,322)
Provision for income taxes	285	264
Net loss	$ (78,217)	$ (15,586)
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$ (0.43)	$ (0.24)
Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted	182,947,630	65,670,454
Total Subscription Revenue
Revenue:
Total revenue	$ 98,384	$ 65,470
Cost of revenue:
Total cost of revenue	16,061	11,098
Total Subscription Revenue | License
Revenue:
Total revenue	10,344	10,160
Cost of revenue:
Total cost of revenue	393	85
Total Subscription Revenue | Support
Revenue:
Total revenue	79,208	52,730
Cost of revenue:
Total cost of revenue	10,838	8,442
Total Subscription Revenue | Cloud Hosted Services
Revenue:
Total revenue	8,832	2,580
Cost of revenue:
Total cost of revenue	4,830	2,571
Professional Services
Revenue:
Total revenue	2,513	1,442
Cost of revenue:
Total cost of revenue	$ 3,328	$ 1,578

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) $ in Thousands	Total	Redeemable Convertible Preferred Stock	Class A And Class B Common Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning Balance at Jan. 31, 2021	$ (121,804)		$ 1	$ 94,159	$ (215,964)
Temporary Equity, Beginning Balance, Shares at Jan. 31, 2021		94,127,984
Temporary Equity, Beginning Balance at Jan. 31, 2021		$ 349,113
Beginning Balance, Shares at Jan. 31, 2021			65,577,877
Issuance of common stock upon exercise of stock options	1,851			1,851
Issuance of common stock upon exercise of stock options, Shares			841,169
Vesting of early exercised stock options	9			9
Issuance of common stock for restricted stock awards, Shares			5,314
Stock-based compensation	1,726			1,726
Net loss	(15,586)				(15,586)
Ending Balance at Apr. 30, 2021	(133,804)		$ 1	97,745	(231,550)
Temporary Equity, Ending Balance Shares at Apr. 30, 2021		94,127,984
Temporary Equity, Ending Balance at Apr. 30, 2021		$ 349,113
Ending Balance, Shares at Apr. 30, 2021			66,424,360
Beginning Balance at Jan. 31, 2022	1,282,291		$ 3	1,788,390	(506,102)
Beginning Balance, Shares at Jan. 31, 2022			182,166,560
Issuance of common stock upon exercise of stock options	521			521
Issuance of common stock upon exercise of stock options, Shares			838,725
Vesting of early exercised stock options	3			3
Issuance of common stock upon settlement of restricted stock units, shares			710,165
Tax withholdings on settlement of restricted stock units value	(125)			(125)
Tax withholdings on settlement of restricted stock units shares			(7,795)
Stock-based compensation	47,141			47,141
Net loss	(78,217)				(78,217)
Ending Balance at Apr. 30, 2022	$ 1,251,614		$ 3	$ 1,835,930	$ (584,319)
Ending Balance, Shares at Apr. 30, 2022			183,707,655

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities
Net loss	$ (78,217)	$ (15,586)
Adjustments to reconcile net loss to cash from operating activities:
Stock-based compensation expense, net of amounts capitalized	46,259	1,726
Depreciation and amortization expense	906	435
Non-cash operating lease cost	705	540
Other	(19)	9
Changes in operating assets and liabilities:
Accounts receivable	36,887	36,991
Deferred contract acquisition costs	(6,074)	(5,489)
Prepaid expenses and other assets	(1,552)	(3,007)
Accounts payable	(4,702)	1,003
Accrued expenses and other liabilities	1,506	(1,071)
Accrued compensation and benefits	(6,328)	(2,421)
Deferred revenue	(3,361)	(8,304)
Customer deposits	271	(2,468)
Net cash (used in) provided by operating activities	(13,719)	2,358
Cash flows from investing activities
Purchases of property and equipment	(13)	(2)
Capitalized internal-use software	(1,592)	(1,385)
Net cash used in investing activities	(1,605)	(1,387)
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards	(125)
Proceeds from issuance of common stock upon exercise of stock options	521	1,851
Net cash provided by financing activities	396	1,851
Net increase (decrease) in cash, cash equivalents, and restricted cash	(14,928)	2,822
Cash, cash equivalents, and restricted cash beginning of period	1,357,613	272,576
Cash, cash equivalents, and restricted cash end of period	1,342,685	275,398
Supplemental disclosure of cash flow information
Cash paid for income taxes	215	122
Cash paid for operating lease liabilities	935	$ 765
Supplemental disclosure of noncash investing and financing activities
Capitalized stock-based compensation expense	$ 882

Organization and Description of

Organization and Description of Business	3 Months Ended
	Apr. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Description of Business	1. Organization and Description of Business Description of Business HashiCorp, Inc., (“HashiCorp” or the “Company”) was incorporated in Delaware in May 2013. The Company is headquartered in San Francisco, California and has wholly owned subsidiaries around the world. The Company’s foundational technologies solve the core infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. The Company’s cloud operating model provides consistent workflows and a standardized approach to automating the critical processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. The Company’s primary commercial products are HashiCorp Terraform, Vault, Consul, and Nomad. The Company’s software is predominantly self-managed by users and customers who deploy it across public, private, and hybrid cloud environments. The Company also offers a fully-managed cloud platform for multiple products that further accelerates enterprise cloud migration by addressing resource and skills gaps, improving operational efficiency, and speeding up deployment time for customers. Additionally, the Company provides premium support and services.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("U.S. GAAP" or "GAAP") and include the accounts of the Company and its wholly owned subsidiaries. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (the "SEC"). The condensed balance sheet data as of January 31, 2022 was derived from the Company’s audited financial statements included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2022 (the “2022 Form 10-K”), but does not include all disclosures required by U.S. GAAP. Therefore, these interim unaudited condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2022 (the “fiscal 2022 Form 10-K”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, that are, in the opinion of management, necessary for the fair presentation of the Company’s financial position, results of operations, cash flows and stockholders’ equity for the interim periods presented. The results of operations for the three months ended April 30, 2022 shown in this report are not necessarily indicative of the results to be expected for the full year ending January 31, 2023 or any other period. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting period. Such management estimates include the determination of standalone selling prices of the Company’s performance obligations, the estimated period of benefit of deferred contract acquisition costs, the fair value of share-based awards, software development costs, discount rates used for operating leases and accounting for income taxes, including the valuation allowance on deferred tax assets and uncertain tax positions.. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates. Comprehensive Loss Comprehensive loss consists of other comprehensive loss and net loss. Other comprehensive loss refers to revenue, expenses, gains and losses that are recorded as an element of stockholders’ deficit but are excluded from net loss. The Company did not have any other comprehensive loss transactions during the period presented. Accordingly, comprehensive loss is equal to net loss. Restricted Cash Restricted cash constitutes letters of credit established according to the requirements under certain non-cancellable operating lease agreements and is included in other assets, non-current in the consolidated balance sheets. As of April 30, 2022 and January 31, 2022, the Company maintained $ 1.8 million and $ 1.8 million in restricted cash, respectively. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies described in the fiscal 2022 Form 10-K that have had a material impact on these unaudited condensed consolidated financial statements and related notes. Recent Accounting Pronouncements Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848), which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates such as the Secured Overnight Financing Rate ("SOFR"). The adoption of this guidance did not have a material effect on the Company's results of operations, financial condition or cash flows.

Revenue and Performance Obligat

Revenue and Performance Obligations	3 Months Ended
	Apr. 30, 2022
Disaggregation Of Revenue [Abstract]
Revenue and Performance Obligations	3. Revenue and Performance Obligations Disaggregation of revenue The following table presents revenue by category (dollars in thousands): Three Months Ended April 30, 2022 2021 Amount % of Total Amount % of Total License $ 10,344 10 % $ 10,160 15 % Support 79,208 79 52,730 79 Cloud-hosted services 8,832 9 2,580 4 Total subscription revenue 98,384 98 65,470 98 Professional services 2,513 2 1,442 2 Total revenue $ 100,897 100 % $ 66,912 100 % The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company's products and services (dollars in thousands): Three Months Ended April 30, 2022 2021 Amount % of Total Amount % of Total United States $ 72,791 72 % $ 49,662 74 % Rest of the world 28,106 28 17,250 26 Total $ 100,897 100 % $ 66,912 100 % No other country, outside of the United States, exceeded 10% of total revenue during the periods presented. Contract Balances Changes in deferred revenue and unbilled accounts receivable were as follows (in thousands): Three Months Ended April 30, 2022 2021 Balance, beginning of period $ 223,289 $ 147,298 Deferred revenue billings including reclassification to deferred revenue from customer deposits 98,094 57,663 Recognition of revenue, net of change in unbilled accounts receivable* ( 101,455 ) ( 65,969 ) Balance, end of period $ 219,928 $ 138,992 * Reconciliation to revenue reported per consolidated statements of operations: Revenue billed as of the end of the period $ 101,455 $ 65,969 Increase (decrease) in total unbilled accounts receivable ( 558 ) 943 Revenue reported per consolidated statements of operations $ 100,897 $ 66,912 Unbilled accounts receivable represents revenue recognized on contracts for which billings have not yet been presented to customers because the amounts were earned but not contractually billable as of the balance sheet date. The unbilled accounts receivable balance is due within one year . As of April 30, 2022 and January 31, 2022, unbilled accounts receivable of approximately $ 2.3 million and $ 2.9 million, respectively, was included in accounts receivable on the Company’s condensed consolidated balance sheets. Remaining Performance Obligations (RPOs) The typical stated customer contract term is one year but can range up to three years . RPOs include both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. As of April 30, 2022 and January 31, 2022, the Company had $ 433.9 million and $ 428.8 million, respectively, of remaining performance obligations, which is comprised of product and services revenue not yet delivered. As of April 30, 2022 and January 31, 2022, the Company expected to recognize approximately 66 % and 63 % , respectively, of its remaining performance obligations as revenue over the next 12 months and the remainder thereafter. RPOs exclude customer deposits, which are refundable pre-paid amounts that are expected to be recognized as revenue in future periods. These balances are included in customer deposits in the condensed consolidated balance sheets and are classified as current because contractually customers can cancel these obligations with 30 days written notice. The customer deposit balance is amortized to revenue over the term of the underlying contract as the customer’s right to cancel expires. If no contracts with customers are cancelled, the existing customer deposit balance will be recognized to revenue over the remaining stated term of the underlying contract which may be over the next 12 months or longer as follows (in thousands): As of April 30, 2022 January 31, 2022 Within the next 12 months $ 20,914 $ 20,324 After the next 12 months 2,741 3,059 Total $ 23,655 $ 23,383

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy on a recurring basis and indicates the fair value hierarchy of the valuation inputs used to determine such fair value (in thousands): Fair Value Measurement Level 1 Level 2 Level 3 Total Cash and cash equivalents Money market funds $ 1,174,005 $ - $ - $ 1,174,005 Total cash and cash equivalents 1,174,005 - - 1,174,005 Total assets measured at fair value $ 1,174,005 $ - $ - $ 1,174,005 Included in cash and cash equivalents $ 1,174,005 Fair Value Measurement Level 1 Level 2 Level 3 Total Cash and cash equivalents Money market funds $ 1,129,436 $ - $ - $ 1,129,436 Total cash and cash equivalents 1,129,436 - - 1,129,436 Total assets measured at fair value $ 1,129,436 $ - $ - $ 1,129,436 Included in cash and cash equivalents $ 1,129,436 Money market funds are cash equivalents with remaining maturities of three months or less at the date of purchase. The Company uses quoted prices in active markets for identical assets to determine the fair value of its Level 1 investments in money market funds. The unaudited condensed consolidated financial statements as of April 30, 2022 and January 31, 2022 do not include any nonrecurring fair value measurements relating to assets or liabilities. There were no transfers between fair value measurement levels during the three months ended April 30, 2 0 22.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Apr. 30, 2022
Supplemental Balance Sheet Disclosures [Abstract]
Balance Sheet Components	5. Balance Sheet Components Other assets, non-current are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Property and equipment, net $ 17,499 $ 15,897 Operating lease right-of-use assets 14,715 15,420 Other assets, non-current 2,615 2,643 Other assets, non-current $ 34,829 $ 33,960 Property and Equipment, Net Property and equipment, net are included in other assets, non-current in the condensed consolidated balance sheets and are comprised of the following (in thousands): Estimated As of Useful life April 30, 2022 January 31, 2022 Furniture and fixtures 5 years $ 1,277 $ 1,266 Computers, equipment and software 3 years 534 532 Capitalized internal-use software development costs 5 years 15,338 12,209 Leasehold improvements Shorter of useful life or lease term 5,008 5,008 Construction in progress (1) - 655 Total property and equipment 22,157 19,670 Less: accumulated depreciation and amortization ( 4,658 ) ( 3,773 ) Property and equipment, net $ 17,499 $ 15,897 (1) This represents internal-use software not yet available for general release . Total depreciation and amortization expense for the three months ended April 30, 2022 and 2021 was $ 0.9 million and $ 0.4 million, respectively. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Accrued expenses $ 5,339 $ 3,925 Operating lease liabilities 3,186 3,130 Other current liabilities 1,476 617 Total accrued expenses and other current liabilities $ 10,001 $ 7,672 Accrued Compensation and Benefits Accrued compensation and benefits are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Accrued commissions $ 11,787 $ 15,993 Accrued vacation 17,674 15,970 Accrued payroll and withholding taxes 11,104 18,885 ESPP employee contribution 7,654 2,709 Accrued bonus 1,793 2,632 Other 599 750 Total accrued compensation and benefits $ 50,611 $ 56,939 Deferred Contract Acquisition Costs The following table summarizes the activity of deferred contract acquisition costs (in thousands): As of April 30, 2022 April 30, 2021 Beginning balance $ 89,331 $ 50,245 Capitalization of contract acquisition costs 15,212 10,086 Amortization of deferred contract acquisition costs ( 9,138 ) ( 4,597 ) Ending balance $ 95,405 $ 55,734 Deferred contract acquisition costs, current $ 32,200 $ 17,098 Deferred contract acquisition costs, non-current 63,205 38,636 Total deferred contract acquisition costs $ 95,405 $ 55,734 There were no impairment losses recognized for deferred contract acquisition costs during the three months ended April 30, 2022 and 2021.

Credit Facility

Credit Facility	3 Months Ended
	Apr. 30, 2022
Debt Disclosure [Abstract]
Credit Facility	6. Credit Facility On November 23, 2020, the Company entered into a loan and security agreement with HSBC Ventures USA Inc., ( the "Loan Agreement"). This Loan Agreement provides the Company a revolving line of credit, which expires on November 23, 2023. Under the Loan Agreement, the Company is able to borrow up to $ 50.0 million. Interest on any drawdown under the revolving line of credit accrues at the adjusted LIBOR rate plus 3.00 %. The Company also incurs a commitment fee of 0.30 % for any unused portion of the credit facility . As of April 30, 2022 and January 31, 2022, the Company had no balance outstanding under the Loan Agreement. The Loan Agreement includes customary restrictive covenants and in the event the Company borrows amounts under the agreement, the Company will become subject to a number of covenants that may limit the Company’s ability to, among other things, transfer or dispose of assets, pay dividends or make distributions, incur additional indebtedness, create liens, make investments, loans and acquisitions, engage in transactions with affiliates, merge or consolidate with other companies, and sell substantially all of the Company’s assets. The Company is in compliance with all covenants as of April 30, 2022.

Leases

Leases	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Leases	7. Leases The Company leases office spaces under noncancelable operating lease agreements, which expire at various dates through 2027. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities. Operating lease cost for these leases is recognized on a straight-line basis over the lease term, with variable lease costs recognized in the period incurred. These lease agreements do not contain residual value guarantees or restrictive covenants. Lease costs Lease costs were as follows (in thousands): Three Months Ended April 30, 2022 2021 Short-term lease costs $ 100 $ 76 Operating lease costs 878 723 Total lease costs $ 978 $ 799 Variable lease cost was not significant for the three months ended April 30, 2022 and 2021. There were no other lease components for the periods presented. Lease term and discount rate information are summarized as follows: As of April 30, 2022 Weighted average remaining lease terms (in years) 4.9 Weighted average discount rate 3.8 % Future lease payments under noncancelable operating leases on an undiscounted cash flow basis as of April 30, 2022 are as follows (in thousands): Years Ending April 30, Amount 2023 (remaining nine months) $ 2,847 2024 3,924 2025 4,150 2026 3,734 2027 3,737 Thereafter 1,277 Total minimum lease payments 19,669 Less imputed interest ( 1,818 ) Present value of future minimum lease payments 17,851 Less current lease liabilities ( 3,186 ) Operating lease liabilities, non-current $ 14,665 Operating lease liabilities are included in accrued expenses and other current liabilities, and non-current lease liabilities are included in other liabilities, non-current, in the condensed consolidated balance sheets. There were no lease related operating right-of-use asset impairment losses in the three months ended April 30, 2022 and April 30, 2021.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Letter of credit The Company has a total of $ 1.8 million in letters of credit outstanding as security deposits for the Company’s leased office spaces as of April 30, 2022 and January 31, 2022. Litigation From time to time, the Company may become involved in various legal proceedings in the ordinary course of its business and may be subject to third-party infringement claims. In the normal course of business, the Company may agree to indemnify third parties with whom it enters into contractual relationships, including customers, lessors, and parties to other transactions with the Company, with respect to certain matters. The Company has agreed, under certain conditions, to hold these third parties harmless against specified losses, such as those arising from a breach of representations or covenants, other third-party claims that the Company’s products when used for their intended purposes infringe the intellectual property rights of such other third parties, or other claims made against certain parties. It is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances that are likely to be involved in each particular claim. Although the results of litigation and claims are inherently unpredictable, the Company believes that there was not a reasonable possibility that the Company had incurred a material loss with respect to such loss contingencies as of April 30, 2022.

Common Stock and Stockholders'

Common Stock and Stockholders' Equity (Deficit)	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Common Stock and Stockholders' Equity (Deficit)	9. Common Stock and Stockholders' Equity (Deficit) Common Stock Reserved for Future Issuance The Company reserved shares of common stock for future issuance as follows: As of April 30, 2022 January 31, 2022 Options outstanding 11,519,072 12,381,134 Restricted stock units outstanding 13,126,707 10,406,294 Remaining shares available for future issuance under the 2021 Plan 23,269,500 17,560,879 2021 Employee Stock Purchase Plan 3,721,613 1,900,000 Total 51,636,892 42,248,307 A to tal of 23,269,500 shares of the Company’s Class A common stock have been reserved for future issuance under the 2021 Plan. Stock Options The following table summarizes stock option activity for the 2021 Plans (aggregate intrinsic value in thousands): Options Outstanding Number of Options Outstanding Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value Balance as of January 31, 2022 12,381,134 $ 1.93 5.7 $ 798,374 Stock options exercised ( 838,725 ) $ 0.59 $ 34,832 Stock options cancelled/forfeited/expired ( 23,337 ) $ 5.87 Balance as of April 30, 2022 11,519,072 $ 2.02 5.5 $ 519,181 Exercisable as of April 30, 2022 10,140,530 $ 1.55 5.3 $ 461,577 No options were granted during the three months ended April 30, 2022. Exercisable shares consist of 10,137,530 shares that are vested and 3,000 shares with an early exercise provision that are unvested as of April 30, 2022. The total grant-date fair value of stock options vested was $ 1.3 million and $ 1.8 million during the three months ended April 30, 2022 and 2021, respectively. The total intrinsic value of options exercised during the three months ended April 30, 2022 and 2021 were $ 34.8 million and $ 26.9 million, respectively. Restricted Stock Units The Company’s summary of restricted stock units ("RSUs"), activity under the 2014 Plan and the 2021 Plan is as follows: Number of Awards Weighted-Average Grant Date Fair Value Outstanding and unvested at January 31, 2022 10,406,294 $ 37.46 RSUs granted 3,676,379 $ 50.12 RSUs released ( 710,165 ) $ 24.64 RSUs cancelled ( 245,801 ) $ 33.64 Outstanding and unvested at April 30, 2022 13,126,707 $ 41.77 The total grant-date fair value of RSUs vested was $ 17.5 million during the three months ended April 30, 2022. There were no RSUs released during the three months ended April 30, 2021 as the Company was private and the performance condition for these RSUs was not met during the three months ended April 30, 2021. Employee Stock Purchase Plan In December 2021, the Company adopted the 2021 Employee Stock Purchase Plan (“ESPP”), which became effective upon completion of the IPO. A total of 3,721,613 shares of Class A common stock are available for sale under the ESPP. For the three months ended April 30, 2022, the Company recognized $ 3.1 million of stock-based compensation expense related to the ESPP. As of April 30, 2022, unreco gnized stock-based compensation expense related to the ESPP was approximatel y $ 17.5 million, which is expected to be recognized over a weighted-average period of approximatel y 1.6 years. Stock-Based Compensation Expense Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations is as follows (in thousands): Three Months Ended April 30, 2022 2021 Cost of license $ - $ - Cost of support 1,959 106 Cost of cloud-hosted services 640 3 Cost of professional services 728 12 Sales and marketing 14,393 692 Research and development 14,738 423 General and administrative 13,801 490 Stock-based compensation expense, net of amounts capitalized $ 46,259 $ 1,726 Capitalized stock-based compensation 882 - Total stock-based compensation expense $ 47,141 $ 1,726 As of April 30, 2022, total unrecognized stock-based compensation expense related to unvested stock options and RSUs was approximately $ 4.0 million and $ 420.6 million, respectively. This unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of approximately 1.5 and 3.1 years, respectively.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Common Stockholders	3 Months Ended
	Apr. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Common Stockholders	10. Net Loss Per Share Attributable to Common Stockholders For periods in which there were Class A and Class B shares outstanding, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting, converting, and transfer rights. Our Class B common stock has ten votes per share, and our Class A common stock has one vote per share. As the liquidation and dividend rights were identical for Class A and Class B common stock, the undistributed earnings would be allocated on a proportionate basis and the resulting net loss per share would, therefore, be the same for both Class A and Class B common stock on an individual or combined basis. The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data): Three Months Ended April 30, 2022 2021 Numerator: Net loss $ ( 78,217 ) $ ( 15,586 ) Denominator: Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted 182,947,630 65,670,454 Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ ( 0.43 ) $ ( 0.24 ) The following outstanding potentially dilutive shares of common stock were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive: Three Months Ended April 30, 2022 2021 Redeemable convertible preferred stock - 94,127,984 Outstanding stock options and restricted stock units 24,645,779 26,270,333 Share purchase rights under the ESPP 946,989 - Class A and Class B common stock subject to repurchase 3,000 20,496 Total 25,595,768 120,418,813

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between its effective tax rate and the federal statutory rate is the full valuation allowance it has established on the federal and state net operating losses and credits. The provision for income taxes recorded in the three months ended April 30, 2022 and 2021 consists primarily of income taxes in foreign jurisdictions in which the Company conducts business. The Company is subject to income tax in the United States, certain states, and various foreign countries. Due to the history of net operating losses, the Company is subject to United States federal, state, and local examinations by tax authorities for all years since incorporation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("U.S. GAAP" or "GAAP") and include the accounts of the Company and its wholly owned subsidiaries. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (the "SEC"). The condensed balance sheet data as of January 31, 2022 was derived from the Company’s audited financial statements included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2022 (the “2022 Form 10-K”), but does not include all disclosures required by U.S. GAAP. Therefore, these interim unaudited condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2022 (the “fiscal 2022 Form 10-K”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, that are, in the opinion of management, necessary for the fair presentation of the Company’s financial position, results of operations, cash flows and stockholders’ equity for the interim periods presented. The results of operations for the three months ended April 30, 2022 shown in this report are not necessarily indicative of the results to be expected for the full year ending January 31, 2023 or any other period.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of income and expense during the reporting period. Such management estimates include the determination of standalone selling prices of the Company’s performance obligations, the estimated period of benefit of deferred contract acquisition costs, the fair value of share-based awards, software development costs, discount rates used for operating leases and accounting for income taxes, including the valuation allowance on deferred tax assets and uncertain tax positions.. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates.
Comprehensive Loss	Comprehensive Loss Comprehensive loss consists of other comprehensive loss and net loss. Other comprehensive loss refers to revenue, expenses, gains and losses that are recorded as an element of stockholders’ deficit but are excluded from net loss. The Company did not have any other comprehensive loss transactions during the period presented. Accordingly, comprehensive loss is equal to net loss.
Restricted Cash	Restricted Cash Restricted cash constitutes letters of credit established according to the requirements under certain non-cancellable operating lease agreements and is included in other assets, non-current in the consolidated balance sheets. As of April 30, 2022 and January 31, 2022, the Company maintained $ 1.8 million and $ 1.8 million in restricted cash, respectively.
Significant Accounting Policies	Significant Accounting Policies There have been no changes to the Company’s significant accounting policies described in the fiscal 2022 Form 10-K that have had a material impact on these unaudited condensed consolidated financial statements and related notes.
Recent Accounting Pronouncements Adopted	Recent Accounting Pronouncements Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848), which provides temporary optional expedients and exceptions to the GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from LIBOR and other interbank offered rates to alternative reference rates such as the Secured Overnight Financing Rate ("SOFR"). The adoption of this guidance did not have a material effect on the Company's results of operations, financial condition or cash flows.

Revenue and Performance Oblig_2

Revenue and Performance Obligations (Tables)	3 Months Ended
	Apr. 30, 2022
Disaggregation Of Revenue [Abstract]
Summary of Revenue Disaggregated by Category	The following table presents revenue by category (dollars in thousands): Three Months Ended April 30, 2022 2021 Amount % of Total Amount % of Total License $ 10,344 10 % $ 10,160 15 % Support 79,208 79 52,730 79 Cloud-hosted services 8,832 9 2,580 4 Total subscription revenue 98,384 98 65,470 98 Professional services 2,513 2 1,442 2 Total revenue $ 100,897 100 % $ 66,912 100 %
Summary of Revenue By Region Based On The Billing Address of Customers	The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company's products and services (dollars in thousands): Three Months Ended April 30, 2022 2021 Amount % of Total Amount % of Total United States $ 72,791 72 % $ 49,662 74 % Rest of the world 28,106 28 17,250 26 Total $ 100,897 100 % $ 66,912 100 %
Summary of Changes in Deferred Revenue and Unbilled Accounts Receivable	Changes in deferred revenue and unbilled accounts receivable were as follows (in thousands): Three Months Ended April 30, 2022 2021 Balance, beginning of period $ 223,289 $ 147,298 Deferred revenue billings including reclassification to deferred revenue from customer deposits 98,094 57,663 Recognition of revenue, net of change in unbilled accounts receivable* ( 101,455 ) ( 65,969 ) Balance, end of period $ 219,928 $ 138,992 * Reconciliation to revenue reported per consolidated statements of operations: Revenue billed as of the end of the period $ 101,455 $ 65,969 Increase (decrease) in total unbilled accounts receivable ( 558 ) 943 Revenue reported per consolidated statements of operations $ 100,897 $ 66,912
Summary of Revenue Recognized Related to Customer Deposit Balance	As of April 30, 2022 January 31, 2022 Within the next 12 months $ 20,914 $ 20,324 After the next 12 months 2,741 3,059 Total $ 23,655 $ 23,383

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy on a recurring basis and indicates the fair value hierarchy of the valuation inputs used to determine such fair value (in thousands): Fair Value Measurement Level 1 Level 2 Level 3 Total Cash and cash equivalents Money market funds $ 1,174,005 $ - $ - $ 1,174,005 Total cash and cash equivalents 1,174,005 - - 1,174,005 Total assets measured at fair value $ 1,174,005 $ - $ - $ 1,174,005 Included in cash and cash equivalents $ 1,174,005 Fair Value Measurement Level 1 Level 2 Level 3 Total Cash and cash equivalents Money market funds $ 1,129,436 $ - $ - $ 1,129,436 Total cash and cash equivalents 1,129,436 - - 1,129,436 Total assets measured at fair value $ 1,129,436 $ - $ - $ 1,129,436 Included in cash and cash equivalents $ 1,129,436

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Apr. 30, 2022
Supplemental Balance Sheet Disclosures [Abstract]
Summary of Other Assets Non-current	Other assets, non-current are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Property and equipment, net $ 17,499 $ 15,897 Operating lease right-of-use assets 14,715 15,420 Other assets, non-current 2,615 2,643 Other assets, non-current $ 34,829 $ 33,960
Summary of Property and Equipment, Net	Property and equipment, net are included in other assets, non-current in the condensed consolidated balance sheets and are comprised of the following (in thousands): Estimated As of Useful life April 30, 2022 January 31, 2022 Furniture and fixtures 5 years $ 1,277 $ 1,266 Computers, equipment and software 3 years 534 532 Capitalized internal-use software development costs 5 years 15,338 12,209 Leasehold improvements Shorter of useful life or lease term 5,008 5,008 Construction in progress (1) - 655 Total property and equipment 22,157 19,670 Less: accumulated depreciation and amortization ( 4,658 ) ( 3,773 ) Property and equipment, net $ 17,499 $ 15,897 (1) This represents internal-use software not yet available for general release .
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Accrued expenses $ 5,339 $ 3,925 Operating lease liabilities 3,186 3,130 Other current liabilities 1,476 617 Total accrued expenses and other current liabilities $ 10,001 $ 7,672
Summary of Accrued Compensation and Benefits	Accrued compensation and benefits are comprised of the following (in thousands): As of April 30, 2022 January 31, 2022 Accrued commissions $ 11,787 $ 15,993 Accrued vacation 17,674 15,970 Accrued payroll and withholding taxes 11,104 18,885 ESPP employee contribution 7,654 2,709 Accrued bonus 1,793 2,632 Other 599 750 Total accrued compensation and benefits $ 50,611 $ 56,939
Summary of Activity of Deferred Contract Acquisition Costs	The following table summarizes the activity of deferred contract acquisition costs (in thousands): As of April 30, 2022 April 30, 2021 Beginning balance $ 89,331 $ 50,245 Capitalization of contract acquisition costs 15,212 10,086 Amortization of deferred contract acquisition costs ( 9,138 ) ( 4,597 ) Ending balance $ 95,405 $ 55,734 Deferred contract acquisition costs, current $ 32,200 $ 17,098 Deferred contract acquisition costs, non-current 63,205 38,636 Total deferred contract acquisition costs $ 95,405 $ 55,734

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2022
Leases [Abstract]
Schedule of Lease Costs	Lease costs were as follows (in thousands): Three Months Ended April 30, 2022 2021 Short-term lease costs $ 100 $ 76 Operating lease costs 878 723 Total lease costs $ 978 $ 799
Summary of Lease Term and Discount Rate	Lease term and discount rate information are summarized as follows: As of April 30, 2022 Weighted average remaining lease terms (in years) 4.9 Weighted average discount rate 3.8 %
Schedule of Future Lease Payments	Future lease payments under noncancelable operating leases on an undiscounted cash flow basis as of April 30, 2022 are as follows (in thousands): Years Ending April 30, Amount 2023 (remaining nine months) $ 2,847 2024 3,924 2025 4,150 2026 3,734 2027 3,737 Thereafter 1,277 Total minimum lease payments 19,669 Less imputed interest ( 1,818 ) Present value of future minimum lease payments 17,851 Less current lease liabilities ( 3,186 ) Operating lease liabilities, non-current $ 14,665

Common Stock and Stockholders_2

Common Stock and Stockholders' Equity (Deficit) (Tables)	3 Months Ended
	Apr. 30, 2022
Class Of Stock [Line Items]
Schedule of Reserved Shares of Common Stock for Future Issuance	The Company reserved shares of common stock for future issuance as follows: As of April 30, 2022 January 31, 2022 Options outstanding 11,519,072 12,381,134 Restricted stock units outstanding 13,126,707 10,406,294 Remaining shares available for future issuance under the 2021 Plan 23,269,500 17,560,879 2021 Employee Stock Purchase Plan 3,721,613 1,900,000 Total 51,636,892 42,248,307
Schedule of Stock Option Activity	The following table summarizes stock option activity for the 2021 Plans (aggregate intrinsic value in thousands): Options Outstanding Number of Options Outstanding Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value Balance as of January 31, 2022 12,381,134 $ 1.93 5.7 $ 798,374 Stock options exercised ( 838,725 ) $ 0.59 $ 34,832 Stock options cancelled/forfeited/expired ( 23,337 ) $ 5.87 Balance as of April 30, 2022 11,519,072 $ 2.02 5.5 $ 519,181 Exercisable as of April 30, 2022 10,140,530 $ 1.55 5.3 $ 461,577
Schedule of Restricted Stock Units (RSUs") Activity	The Company’s summary of restricted stock units ("RSUs"), activity under the 2014 Plan and the 2021 Plan is as follows: Number of Awards Weighted-Average Grant Date Fair Value Outstanding and unvested at January 31, 2022 10,406,294 $ 37.46 RSUs granted 3,676,379 $ 50.12 RSUs released ( 710,165 ) $ 24.64 RSUs cancelled ( 245,801 ) $ 33.64 Outstanding and unvested at April 30, 2022 13,126,707 $ 41.77
Summary of Stock-Based Compensation Expense	Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations is as follows (in thousands): Three Months Ended April 30, 2022 2021 Cost of license $ - $ - Cost of support 1,959 106 Cost of cloud-hosted services 640 3 Cost of professional services 728 12 Sales and marketing 14,393 692 Research and development 14,738 423 General and administrative 13,801 490 Stock-based compensation expense, net of amounts capitalized $ 46,259 $ 1,726 Capitalized stock-based compensation 882 - Total stock-based compensation expense $ 47,141 $ 1,726

Net Loss Per Share Attributab_2

Net Loss Per Share Attributable to Common Stockholders (Tables)	3 Months Ended
	Apr. 30, 2022
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders	The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data): Three Months Ended April 30, 2022 2021 Numerator: Net loss $ ( 78,217 ) $ ( 15,586 ) Denominator: Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted 182,947,630 65,670,454 Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ ( 0.43 ) $ ( 0.24 )
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Share	The following outstanding potentially dilutive shares of common stock were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because the impact of including them would have been antidilutive: Three Months Ended April 30, 2022 2021 Redeemable convertible preferred stock - 94,127,984 Outstanding stock options and restricted stock units 24,645,779 26,270,333 Share purchase rights under the ESPP 946,989 - Class A and Class B common stock subject to repurchase 3,000 20,496 Total 25,595,768 120,418,813

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 31, 2022
Summary Of Significant Accounting Policies [Line Items]
Restricted cash	$ 1.8	$ 1.8

Revenue and Performance Oblig_3

Revenue and Performance Obligations - Summary of Revenue Disaggregated by Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 100,897	$ 66,912
Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	100.00%	100.00%
Total Subscription Revenue
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 98,384	$ 65,470
Total Subscription Revenue | Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	98.00%	98.00%
Total Subscription Revenue | License
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 10,344	$ 10,160
Total Subscription Revenue | License | Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	10.00%	15.00%
Total Subscription Revenue | Support
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 79,208	$ 52,730
Total Subscription Revenue | Support | Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	79.00%	79.00%
Total Subscription Revenue | Cloud Hosted Services
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 8,832	$ 2,580
Total Subscription Revenue | Cloud Hosted Services | Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	9.00%	4.00%
Professional Services
Disaggregation Of Revenue [Line Items]
Revenue Reported per Consolidated Statements of Operations	$ 2,513	$ 1,442
Professional Services | Revenue | Product
Disaggregation Of Revenue [Line Items]
Percentage of Total Revenue	2.00%	2.00%

Revenue and Performance Oblig_4

Revenue and Performance Obligations - Summary of Revenue By Region Based On The Billing Address of Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Revenues From External Customers And Long Lived Assets [Line Items]
Total Revenue	$ 100,897	$ 66,912
Revenue | Region
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of Total Revenue	100.00%	100.00%
US [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Total Revenue	$ 72,791	$ 49,662
US [Member] | Revenue | Region
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of Total Revenue	72.00%	74.00%
Rest of the world [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Total Revenue	$ 28,106	$ 17,250
Rest of the world [Member] | Revenue | Region
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of Total Revenue	28.00%	26.00%

Revenue and Performance Oblig_5

Revenue and Performance Obligations - Changes in Deferred Revenue and Unbilled Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Change in Contract with Customer, Asset and Liability [Abstract]
Balance, beginning of period	$ 223,289	$ 147,298
Deferred revenue billings including reclassification to deferred revenue from customer deposits	98,094	57,663
Recognition of revenue, net of change in unbilled accounts receivable	(101,455)	(65,969)
Balance, end of period	219,928	138,992
Revenue billed as of the end of the period	101,455	65,969
Increase (decrease) in total unbilled accounts receivable	(558)	943
Revenue reported per consolidated statements of operations	$ 100,897	$ 66,912

Revenue and Performance Oblig_6

Revenue and Performance Obligations - Contract Balances - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Jan. 31, 2022
Disaggregation Of Revenue [Abstract]
Unbilled accounts receivable	$ 2.3	$ 2.9
Unbilled accounts receivable balance in due	1 year

Revenue and Performance Oblig_7

Revenue and Performance Obligations - Additional information (Details)	3 Months Ended
	Apr. 30, 2022
Minimum
Disaggregation Of Revenue [Line Items]
Revenue, performance obligation, contract term	1 year
Maximum
Disaggregation Of Revenue [Line Items]
Revenue, performance obligation, contract term	3 years

Revenue and Performance Oblig_8

Revenue and Performance Obligations - Additional information (Details1) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount		$ 428.8
Revenue, Remaining Performance Obligation, Percentage		63.00%
Revenue remaining performance obligation, expected timing of satisfaction, period		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 433.9
Revenue, Remaining Performance Obligation, Percentage	66.00%
Revenue remaining performance obligation, expected timing of satisfaction, period	12 months

Revenue and Performance Oblig_9

Revenue and Performance Obligations - Summary of Revenue Recognized Related to Customer Deposit Balance (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Disaggregation Of Revenue [Abstract]
Within the next 12 months	$ 20,914	$ 20,324
After the next 12 months	2,741	3,059
Total	$ 23,655	$ 23,383

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	$ 1,174,005	$ 1,129,436
Total assets measured at fair value	1,174,005	1,129,436
Included in cash and cash equivalents	1,174,005	1,129,436
Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	1,174,005	1,129,436
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	1,174,005	1,129,436
Total assets measured at fair value	1,174,005	1,129,436
Level 1 [Member] | Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	1,174,005	1,129,436
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	0	0
Total assets measured at fair value	0	0
Level 2 [Member] | Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	0	0
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	0	0
Total assets measured at fair value	0	0
Level 3 [Member] | Money Market Funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total cash and cash equivalents	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	3 Months Ended
	Apr. 30, 2022USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value measurement, transfers level 1 to level 2	$ 0
Fair value measurement, transfers level 2 to level 1	0
Fair value measurement, transfers to level 3	$ 0

Balance Sheet Components - Summ

Balance Sheet Components - Summary of Other Assets Non-current (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Other Assets, Noncurrent [Abstract]
Property and equipment, net	$ 17,499	$ 15,897
Operating lease right-of-use assets	14,715	15,420
Other assets, non-current	2,615	2,643
Other assets, non-current	$ 34,829	$ 33,960

Balance Sheet Components - Su_2

Balance Sheet Components - Summary of Property and Equipment Net (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2022	Jan. 31, 2022
Property Plant And Equipment [Line Items]
Total property and equipment		$ 22,157	$ 19,670
Less: accumulated depreciation and amortization		(4,658)	(3,773)
Property and equipment, net		17,499	15,897
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Total property and equipment		$ 1,277	1,266
Estimated Useful life		5 years
Computers Equipment and Software
Property Plant And Equipment [Line Items]
Total property and equipment		$ 534	532
Estimated Useful life		3 years
Capitalized Internal-use Software Development Costs
Property Plant And Equipment [Line Items]
Total property and equipment		$ 15,338	12,209
Estimated Useful life		5 years
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total property and equipment		$ 5,008	5,008
Estimated Useful life		Shorter of useful life or lease term
Construction in Progress
Property Plant And Equipment [Line Items]
Total property and equipment	[1]		$ 655
[1]	This represents internal-use software not yet available for general release

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Supplemental Balance Sheet Disclosures [Abstract]
Depreciation and amortization expense	$ 906,000	$ 435,000
Amortization of deferred contract acquisition costs	9,138,000	$ 4,597,000
Impairment losses for deferred contract acquisition costs	$ 0

Balance Sheet Components - Su_3

Balance Sheet Components - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Payables And Accruals [Abstract]
Accrued expenses	$ 5,339	$ 3,925
Operating lease liabilities	3,186	3,130
Other current liabilities	1,476	617
Total accrued expenses and other current liabilities	$ 10,001	$ 7,672

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Compensation and Benefits (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Compensation And Benefits [Abstract]
Accrued commissions	$ 11,787	$ 15,993
Accrued vacation	17,674	15,970
Accrued payroll and withholding taxes	11,104	18,885
ESPP Employee Contribution	7,654	2,709
Accrued bonus	1,793	2,632
Other	599	750
Total accrued compensation and benefits	$ 50,611	$ 56,939

Balance Sheet Components - Su_4

Balance Sheet Components - Summary of Activity of Deferred Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Capitalized Contract Cost [Abstract]
Beginning balance	$ 89,331	$ 50,245
Capitalization of contract acquisition costs	15,212	10,086
Amortization of deferred contract acquisition costs	(9,138)	(4,597)
Ending balance	95,405	55,734
Deferred contract acquisition costs, current	32,200	17,098
Deferred contract acquisition costs, non-current	63,205	38,636
Total deferred contract acquisition costs	$ 95,405	$ 55,734

Credit Facility - Additional In

Credit Facility - Additional Information (Details) - USD ($)	Nov. 23, 2020	Apr. 30, 2022	Jan. 31, 2022
LIBOR Rate Plus [Member]
Line Of Credit Facility [Line Items]
Interest rate	3.00%
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity	$ 50,000,000
Commitment fee percentage	0.30%
Outstanding line of credit		$ 0	$ 0

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Leases [Abstract]
Operating right-of-use asset impairment losses	$ 0	$ 0

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Leases [Abstract]
Short-term operating lease costs	$ 100	$ 76
Operating lease costs	878	723
Total lease costs	$ 978	$ 799

Leases - Summary of Lease Term

Leases - Summary of Lease Term and Discount Rate (Details)	Apr. 30, 2022
Leases [Abstract]
Weighted average remaining lease terms (in years)	4 years 10 months 24 days
Weighted average discount rate	3.80%

Leases - Schedule of Future Lea

Leases - Schedule of Future Lease Payments (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Leases [Abstract]
2023 (remaining nine months)	$ 2,847
2024	3,924
2025	4,150
2026	3,734
2027	3,737
Thereafter	1,277
Total minimum lease payments	19,669
Less imputed interest	(1,818)
Present value of future minimum lease payments	17,851
Less current lease liabilities	(3,186)	$ (3,130)
Operating lease liabilities, non-current	$ 14,665

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions	Apr. 30, 2022	Jan. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Letters of credit outstanding amount	$ 1.8	$ 1.8

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock - Additional Information (Details) - shares	Apr. 30, 2021	Jan. 31, 2021
Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Redeemable convertible preferred stock, shares outstanding	94,127,984	94,127,984

Common Stock and Stockholders_3

Common Stock and Stockholders' Equity (Deficit) - Schedule of Reserved Shares of Common Stock for Future Issuance (Details) - shares	Apr. 30, 2022	Jan. 31, 2022
Class Of Stock [Line Items]
Common stock capital shares reserved for future issuance	51,636,892	42,248,307
2021 Plan
Class Of Stock [Line Items]
Remaining shares available for future issuance	23,269,500	17,560,879
2021 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Common stock capital shares reserved for future issuance	3,721,613	1,900,000
Options Outstanding
Class Of Stock [Line Items]
Common stock capital shares reserved for future issuance	11,519,072	12,381,134
Restricted stock units outstanding
Class Of Stock [Line Items]
Common stock capital shares reserved for future issuance	13,126,707	10,406,294

Common Stock and Stockholders_4

Common Stock and Stockholders' Equity (Deficit) - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance	51,636,892		42,248,307
Stock-based compensation expense	$ 46,259,000	$ 1,726,000
Unrecognized stock-based compensation expense	$ 4,000,000
Unrecognized stock-based compensation expense, weighted-average period	1 year 6 months
Exercisable shares vested	10,137,530
Unvested early exercise provision	3,000
Total grant-date fair value of stock options vested	$ 1,300,000	1,800,000
Total intrinsic value of options exercised	$ 34,800,000	26,900,000
2021 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted	0
Total intrinsic value of options exercised	$ 34,832,000
Number of shares available for sale	23,269,500		17,560,879
2021 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance	3,721,613		1,900,000
Stock-based compensation expense	$ 3,100,000
Unrecognized stock-based compensation expense	$ 17,500,000
Unrecognized stock-based compensation expense, weighted-average period	1 year 7 months 6 days
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance	13,126,707		10,406,294
Unrecognized stock-based compensation expense	$ 420,600,000
Unrecognized stock-based compensation expense, weighted-average period	3 years 1 month 6 days
Grant-date fair value of vested shares	$ 17,500,000	$ 0
Common Class A | 2021 Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock capital shares reserved for future issuance	23,269,500
Common Class A | 2021 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares available for sale	3,721,613

Common Stock and Stockholders_5

Common Stock and Stockholders' Equity (Deficit) - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate Intrinsic Value exercised	$ 34,800	$ 26,900
2021 Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Beginning Balance, Number of Options Outstanding	12,381,134
Stock options exercised	(838,725)
Stock options cancelled/forfeited/expired	(23,337)
Ending Balance, Number of Options Outstanding	11,519,072		12,381,134
Number of options outstanding, exercisable	10,140,530
Beginning Balance, Weighted- Average Exercise Price	$ 1.93
Weighted-Average Exercise Price Options exercised	0.59
Weighted-Average Exercise Price Options cancelled/forfeited/expired	5.87
Ending Balance, Weighted- Average Exercise Price	2.02		$ 1.93
Weighted-average exercise price per share, exercisable	$ 1.55
Weighted Average Remaining Contractual Term, Outstanding	5 years 6 months		5 years 8 months 12 days
Weighted Average Remaining Contractual Term, Exercisable	5 years 3 months 18 days
Aggregate Intrinsic Value	$ 519,181		$ 798,374
Aggregate Intrinsic Value exercised	34,832
Aggregate Intrinsic Value, Exercisable	$ 461,577

Common Stock and Stockholders_6

Common Stock and Stockholders' Equity (Deficit) - Schedule of Restricted Stock Units (RSUs") Activity (Details) - 2014 and 2021 Plans - Restricted Stock Units	3 Months Ended
	Apr. 30, 2022$ / sharesshares
Class Of Stock [Line Items]
Beginning Balance, Number of Awards, Outstanding and unvested | shares	10,406,294
Number of RSUs, Granted | shares	3,676,379
Number of RSUs, Released | shares	(710,165)
Number of RSUs, Cancelled | shares	(245,801)
Ending Balance, Number of Awards, Outstanding and unvested | shares	13,126,707
Beginning Balance, Weighted Average Grant Date Fair Value | $ / shares	$ 37.46
Weighted-average grant-date fair value, granted | $ / shares	50.12
Weighted Average Grant Date Fair Value, Released | $ / shares	24.64
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	33.64
Ending Balance, Weighted Average Grant Date Fair Value | $ / shares	$ 41.77

Common Stock and Stockholders_7

Common Stock and Stockholders' Equity (Deficit) - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	$ 46,259	$ 1,726
Capitalized stock-based compensation	882
Total stock-based compensation expense	47,141	1,726
Cost Of Revenue [Member] | Support
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	1,959	106
Cost Of Revenue [Member] | Cloud Hosted Services
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	640	3
Cost Of Revenue [Member] | Professional Services
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	728	12
Sales And Marketing [Member]
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	14,393	692
Research And Development [Member]
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	14,738	423
General And Administrative [Member]
Stock-based compensation expense:
Stock-based compensation expense, net of amounts capitalized	$ 13,801	$ 490

Net Loss Per Share Attributab_3

Net Loss Per Share Attributable to Common Stockholders - Additional Information (Details)	3 Months Ended
	Apr. 30, 2022
Class A Common Stock
Class Of Stock [Line Items]
Common stock, voting rights	one vote
Class B Common Stock
Class Of Stock [Line Items]
Common stock, voting rights	ten votes

Net Loss Per Share Attributab_4

Net Loss Per Share Attributable to Common Stockholders - Summary of Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Earnings Per Share [Abstract]
Net loss	$ (78,217)	$ (15,586)
Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted	182,947,630	65,670,454
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$ (0.43)	$ (0.24)

Net Loss Per Share Attributab_5

Net Loss Per Share Attributable to Common Stockholders - Schedule of Antidilutive Securities Excluded from Computation of Diluted Net Loss Per Share (Details) - shares	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	25,595,768	120,418,813
Redeemable Convertible Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share		94,127,984
Outstanding Stock Options and Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	24,645,779	26,270,333
Share Purchase Rights Under the ESPP
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	946,989
Class A and Class B Common Stock Subject to Repurchase
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	3,000	20,496