v3.26.1
Leases
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases Leases
The Company has three noncancelable operating leases for its offices with remaining lease terms ranging from 10 months to 29 months. The Company had one operating lease that expired in May 2025 and was not renewed. All leases require the Company to pay annual operating, tax or utilities expenses, which are included in the variable lease costs. The Company utilizes its incremental borrowing rate in determining the present value of lease payments, as the implicit rate is not readily determinable.
The components of lease cost for operating leases for the fiscal years ended January 31, 2026 and 2025 were as follows (in thousands):
Year Ended January 31,
2026 20252024
Operating lease cost$3,922 $3,862 $4,165 
Variable lease cost
1,211 927 883 
Total lease cost$5,133 $4,789 $5,048 
Supplemental cash flow information related to leases was as follows (in thousands):
January 31,
2026
 
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Payments for operating leases
$4,331 $4,194 $4,066 
The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheets at January 31, 2026 and January 31, 2025 (in thousands):
January 31,January 31,
20262025
Operating lease ROU assets$8,696 $11,229 
Current operating lease liabilities4,101 3,556 
Noncurrent operating lease liabilities
6,292 9,796 
Total operating lease liabilities$10,393 $13,352 
Lease term and discount rate were as follows:
January 31,January 31,
20262025
Weighted-average remaining lease term (years)2.403.40
Weighted-average discount rate
5.29 %5.25 %
The following table provides the maturities of lease liabilities as of January 31, 2026 (in thousands):
Maturity of lease liabilities at January 31:
Amount
2027$4,551 
20284,580 
20291,964 
2030— 
2031— 
Total future undiscounted lease payments
11,095 
Less: imputed interest
(702)
Present value of lease liabilities$10,393 
As of January 31, 2026, the Company did not have additional operating and finance leases that have not yet commenced.