0001441816-25-000057 | 10-K | XBRL Viewer

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Revenue - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 8,054	$ 6,362	$ 4,966
Provision	9,404	8,520	5,595
Recoveries/write-offs	(8,570)	(6,828)	(4,199)
Ending balance	$ 8,888	$ 8,054	$ 6,362

Document and Entity Information Document - USD ($) $ in Billions	12 Months Ended
	Jan. 31, 2025	Mar. 18, 2025	Jul. 31, 2024
Document Information [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--01-31
Document Period End Date	Jan. 31, 2025
Document Transition Report	false
Entity File Number	001-38240
Entity Registrant Name	MONGODB, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1463205
Entity Address, Address Line One	1633 Broadway
Entity Address, Address Line Two	38th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	646
Local Phone Number	727-4092
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	MDB
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 18.0
Entity Central Index Key	0001441816
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		81,187,663

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefits at beginning of year	$ 81,604	$ 29,284	$ 22,698
Increase in tax positions in prior years	1,075	1,692
Decrease in tax positions in prior years			(177)
Additions based on tax positions in the current year	21,864	50,628	6,763
Unrecognized tax benefits at end of year	$ 104,543	$ 81,604	$ 29,284

Fair Value Measurements

12 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables present information about the Company’s financial assets that have been measured at fair value on a recurring basis as of January 31, 2025 and 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):


	Fair Value Measurement at January 31, 2025
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	152,588	$	—	$	—	$	152,588
Short-term investments:
U.S. government treasury securities	1,846,444		—		—		1,846,444
Total financial assets	$	1,999,032	$	—	$	—	$	1,999,032


	Fair Value Measurement at January 31, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	512,456	$	—	$	—	$	512,456
Short-term investments:
U.S. government treasury securities	1,212,448		—		—		1,212,448
Total financial assets	$	1,724,904	$	—	$	—	$	1,724,904

The Company utilized the market approach and Level 1 valuation inputs to value its money market mutual funds and U.S. government treasury securities because published net asset values were readily available.

The following table summarizes the amortized cost and fair value of the Company’s short-term investments by remaining contractual maturity as of January 31, 2025 and January 31, 2024 (in thousands):


	January 31, 2025						January 31, 2024
	Amortized Cost		Net Unrealized Gains (Losses)		Fair Value		Amortized Cost		Net Unrealized Gains (Losses)		Fair Value
Due within one year	$	968,748	$	944	$	969,692	$	520,006	$	(543)	$	519,463
Due after one year and within three years	876,154		598		876,752		690,211		2,774		692,985
Total short-term investments	$	1,844,902	$	1,542	$	1,846,444	$	1,210,217	$	2,231	$	1,212,448

As of January 31, 2025 and January 31, 2024, unrealized net gains on the Company’s U.S. government treasury securities were approximately $1.5 million and $2.2 million, respectively. These unrealized gains and losses were caused by fluctuations in interest rates, which results in changes to the market value of these securities. Since the fluctuation in fair value is due to changes in interest rates and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be at maturity, the Company concluded that an allowance for credit losses was unnecessary for short-term investments as of January 31, 2025 and 2024. Gross realized gains and losses were not material for each of the years ended January 31, 2025 and 2024. There were no material short-term investments in a continuous loss position for greater than twelve months.

Non-marketable Securities

As of January 31, 2025 and 2024, the total amount of non-marketable equity securities included in other assets on the Company’s consolidated balance sheets were $24.2 million and $12.9 million, respectively. The Company recognized an

immaterial net unrealized gain on certain of these non-marketable securities during the year ended January 31, 2025 and $1.0 million of net unrealized gains on certain of these non-marketable securities during the year ended January 31, 2024.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Income Taxes

12 Months Ended

Jan. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The components of loss before provision for (benefit from) income taxes were as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
United States	$	(99,978)	$	(138,936)	$	(253,433)
Foreign	(31,621)		(24,580)		(79,821)
Total	$	(131,599)	$	(163,516)	$	(333,254)

The components of the provision for (benefit from) income taxes were as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
Current:
Federal	$	1,035	$	522	$	844
State	512		289		59
Foreign	12,761		13,363		11,812
Total	14,308		14,174		12,715
Deferred:
Federal	38		42		(13)
State	51		46		24
Foreign	(16,924)		(1,178)		(582)
Total	(16,835)		(1,090)		(571)
Provision for (benefit from) income taxes	$	(2,527)	$	13,084	$	12,144

The items accounting for the difference between income taxes computed at the federal statutory income tax rate and the provision for (benefit from) income taxes consisted of the following (in thousands):


	Years Ended January 31,
	2025		2024		2023
Income tax benefit at statutory rate	$	(27,636)	$	(34,339)	$	(69,983)
State taxes, net of federal benefit	(11,640)		265		66
Impact of foreign income taxes	2,974		17,371		27,892
Foreign branch income included in the United States	(1,283)		1,525		1,353
Stock-based compensation	(328)		(64,721)		(39,669)
Non-deductible expenses	14,987		17,863		1,318
Officer compensation in excess of $1 million	7,651		8,729		7,085
Change in valuation allowance	45,610		100,548		106,156
Research and development credits	(33,746)		(31,596)		(19,395)
Foreign tax credit	—		(3,014)		(3,349)
Foreign withholding tax expense	1,035		522		844
Prior year true ups	131		(47)		(278)
Other	(282)		(22)		104
Provision for (benefit from) income taxes	$	(2,527)	$	13,084	$	12,144

The decrease in the provision for income taxes during the years ended January 31, 2025 was primarily due to the release of the U.K. valuation allowance. The increase in the provision for income taxes during each of the years ended January 31, 2024 and 2023 was due to an increase in foreign taxes as the Company continued its global expansion.

Deferred Income Taxes

Deferred income taxes arise from temporary differences between the carrying amounts of assets and liabilities for financial reporting and the amounts used for income tax reporting purposes, as well as operating losses and tax credit carryforwards.

Significant components of the Company’s deferred tax assets are shown in the following table as of January 31, 2025 and 2024, respectively (in thousands):


	Years Ended January 31,
	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	784,638	$	753,189
Deferred revenue	64,429		67,167
Finance and operating lease liabilities	17,807		19,282
Capitalized research and development costs	163,963		125,142
Other reserves	25,870		20,729
Gross deferred tax assets	1,056,707		985,509
Valuation allowance	(942,513)		(903,663)
Total deferred tax assets, net of valuation allowance	114,194		81,846
Deferred tax liabilities:
Finance and operating lease right-of-use assets	(12,505)		(13,204)
Convertible senior notes	—		—
Deferred commission	(77,298)		(61,483)
Other liabilities and accruals	(3,842)		(3,326)
Total deferred tax liabilities	(93,645)		(78,013)
Net deferred tax assets	$	20,549	$	3,833

Deferred tax assets are recognized when management believes it is more likely than not that they will be realized. Deferred tax assets are reduced by a valuation allowance if, based on available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The valuation allowance for deferred tax assets as of January 31, 2025, 2024 and 2023 was $942.5 million, $903.7 million and $809.0 million, respectively. The valuation allowance increased by $38.9 million, $94.7 million and $131.7 million during the years ended January 31, 2025, 2024 and 2023, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities (including the impact of available carryback and carryforward periods), projected future taxable income and tax planning strategies in making this assessment. During the current year, management determined that it is more likely than not that the Company can realize its U.K. deferred tax assets based on its current and projected future taxable income in the U.K. Therefore, the Company released approximately $14.6 million of valuation allowance in the U.K.

As of January 31, 2025 the Company had net operating loss carryforwards for U.S. federal, state, Irish and U.K. income tax purposes of $2.1 billion, $2.0 billion, $834.3 million and $52.9 million, respectively, which begin to expire in the year ending January 31, 2028 for U.S. federal purposes and January 31, 2026 for state purposes. Ireland, U.K. and the U.S. federal losses for years after January 31, 2019 allow for operating losses to be carried forward indefinitely. The Company also has U.S. federal and state research credit carryforwards of $178.1 million and $16.3 million, respectively, which begin to expire in the year ending January 31, 2029 for federal purposes and January 31, 2026 for state purposes. Furthermore, the Company has U.S. foreign tax credit carryforwards of $6.9 million and U.S. charitable contribution carryforwards of $0.6 million, which will begin to expire in the year ending January 31, 2030 and January 31, 2026, respectively. Utilization of the federal net operating loss carryforwards and credits may be subject to a substantial annual limitation due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended and similar state provisions. The annual limitation, should the Company undergo an ownership change, may result in the expiration of federal or state net operating losses and credits before utilization, however the Company does not expect any such limitation to be material.

Uncertain Tax Positions

The calculation of the Company’s tax obligations involves dealing with uncertainties in the application of complex tax laws and regulations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. The Company has assessed its income tax positions and recorded tax benefits for all years subject to

examination, based upon the Company’s evaluation of the facts, circumstances and information available at each period end. For those tax positions where the Company has determined there is a greater than 50% likelihood that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit that may potentially be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is determined there is less than 50% likelihood that a tax benefit will be sustained, no tax benefit has been recognized.

Although the Company believes that it has adequately reserved for its uncertain tax positions, the Company can provide no assurance that the final tax outcome of these matters will not be materially different. As the Company expands internationally, it will face increased complexity and the Company’s unrecognized tax benefits may increase in the future. The Company makes adjustments to its reserves when facts and circumstances change, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made.

The following table summarizes the changes in the Company’s unrecognized gross tax benefits during the periods presented (in thousands):


	Years Ended January 31,
	2025		2024		2023
Unrecognized tax benefits at beginning of year	$	81,604	$	29,284	$	22,698
Increase (decrease) in tax positions in prior years	1,075		1,692		(177)
Additions based on tax positions in the current year	21,864		50,628		6,763
Unrecognized tax benefits at end of year	$	104,543	$	81,604	$	29,284

In FY25, the Company recorded an addition in reserves for tax positions in prior years related to U.S. research and development tax credits. Additionally, the Company recorded additional intangible development costs for the current year. As of January 31, 2025, $1.3 million of these total unrecognized tax benefits would have an impact on the Company’s effective tax rate if recognized.

We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.

The Company is not currently under Internal Revenue Service, state, or foreign income tax examination with the exception of an audit in France for which the Company does not expect a material outcome. The Company does not anticipate any significant increases or decreases in its uncertain tax positions within the next twelve months. The Company files tax returns in the United States for federal and certain states. All tax years remain open to examination for both federal and state purposes as a result of the net operating loss and credit carryforwards. The Company files foreign tax returns in various locations. These foreign returns are open to examination for the fiscal years ending January 31, 2015 through January 31, 2024.

- Definition

The entire disclosure for income tax.

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+ Details

Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Useful Lives (Details)	Jan. 31, 2025
Purchased software
Property, Plant and Equipment [Line Items]
Useful life	2 years
Servers
Property, Plant and Equipment [Line Items]
Useful life	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful life	5 years
Website costs
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Computer and office equipment
Property, Plant and Equipment [Line Items]
Useful life	2 years
Maximum \| Computer and office equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years

Equity Incentive Plans and Employee Stock Purchase Plan

12 Months Ended

Jan. 31, 2025

Share-Based Payment Arrangement [Abstract]

Equity Incentive Plans and Employee Stock Purchase Plan

The Company adopted the 2008 Stock Incentive Plan (as amended, the “2008 Plan”) and the 2016 Equity Incentive Plan (as amended, the “2016 Plan”), primarily for the purpose of granting stock-based awards to employees, directors and consultants, including stock options, restricted stock units (“RSUs”) and other stock-based awards. With the establishment of the 2016 Plan in December 2016, all shares available for grant under the 2008 Plan were transferred to the 2016 Plan. The Company no longer grants any stock-based awards under the 2008 Plan and any shares underlying stock options canceled under the 2008 Plan will be automatically transferred to the 2016 Plan. Stock options granted under the stock option plans may be either incentive stock options (“ISOs”) or nonstatutory stock options (“NSOs”). ISOs may be granted to employees and NSOs may be granted to employees, directors, or consultants. All outstanding stock options as of January 31, 2025 were granted as NSOs with the exception of one ISO award. The exercise prices of the stock option grants must be no less than

100% of the fair value of the common stock on the grant date as determined by the Board of Directors. If, at the date of grant, the optionee owns more than 10% of the total combined voting power of all classes of outstanding stock (a “10% stockholder”), the exercise price must be at least 110% of the fair value of the common stock on the date of grant as determined by the Board of Directors. Options granted are exercisable over a maximum term of 10 years from the date of grant or five years from the date of grant for ISOs granted to any 10% stockholder. The Board of Directors or a committee thereof determines the vesting schedule for all equity awards. Stock option awards generally vest over a period of four years with 25% vesting on the one year anniversary of the award and the remainder vesting monthly over the next 36 months of the grantee’s service to the Company. RSU awards granted to new employees generally vest over a period of four years with 25% vesting on the one year anniversary of the award and the remainder vesting quarterly over the next 12 quarters, subject to the grantee’s continued service to the Company. RSUs granted to existing employees generally vest quarterly over a period of four years, subject to the grantee’s continued service to the Company.

Pursuant to the terms of the 2016 Plan, the shares of the Company’s common stock reserved for issuance was increased by 3.6 million shares in February 2024. As of January 31, 2025, the Company has approximately 15.8 million shares of common stock available for future grants.

Stock Options

The following table summarizes stock option activity for the periods presented (in thousands, except share and per share data and years):


	Options Outstanding
	Shares	Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
Balance - January 31, 2023	1,789,813	$	7.60	3.3	$	313,980
Options exercised	(953,643)	7.14
Options forfeited and expired	(547)	5.81
Balance - January 31, 2024	835,623	8.14		2.6	327,884
Options exercised	(267,931)	7.56
Options forfeited and expired	(267)	13.35
Balance - January 31, 2025	567,425	$	8.41	1.5	$	150,319
Options vested and exercisable - January 31, 2024	835,623	$	8.14	2.6	$	327,884
Options vested and exercisable - January 31, 2025	567,425	$	8.41	1.5	$	150,319
Stock options vested and expected to vest - January 31, 2025	567,425	$	8.41	1.5	$	150,319

There were no options granted during the years ended January 31, 2025 and 2024. The intrinsic value of options exercised for the years ended January 31, 2025, 2024 and 2023 was determined to be $89.7 million, $308.0 million and $211.1 million, respectively.

There were no options vested during the years ended January 31, 2025, 2024 and 2023. As of January 31, 2025, there was no unrecognized stock-based compensation expense related to outstanding stock options.

Restricted Stock Units

The following table summarizes RSU activity for the years ended January 31, 2025 and 2024:


	Shares	Weighted-Average Grant Date Fair Value per RSU
Unvested - January 31, 2023	3,480,206	$	288.58
RSUs granted	2,272,014	267.56
RSUs vested	(1,690,527)	254.02
RSUs forfeited and canceled	(495,287)	295.61
Unvested - January 31, 2024	3,566,406	290.59
RSUs granted	2,007,277	303.06
RSUs vested	(1,529,981)	302.08
RSUs forfeited and canceled	(510,195)	299.39
Unvested - January 31, 2025	3,533,507	$	291.43

As of January 31, 2025, there was $967.3 million of unrecognized stock-based compensation expense related to outstanding RSUs that is expected to be recognized over a weighted-average period of 2.69 years.

Executive Performance Share Awards

During the three months ended April 30, 2022, the Company created a long-term performance-based equity award program and granted performance share units (“PSUs”) to the Company’s CEO and certain other executives. The vesting of PSUs is conditioned upon the achievement of certain targets. The PSUs vest annually over a period of three years from the date of grant, subject to the executive’s continued employment with the Company. Each vested PSU entitles the executive to one share of common stock. A PSU performance factor of 100 will result in the targeted number of PSUs being vested. The minimum percentage of PSUs that can vest is zero, with a maximum percentage of 200. On each date of grant, the Company assumes a performance factor of 100.

The following table summarizes PSU activity for the years ended January 31, 2025 and 2024:


	Shares	Weighted-Average Grant Date Fair Value per PSU
Balance - January 31, 2023	70,728	$	316.49
PSUs granted	127,792	216.79
PSUs vested	(22,991)	316.49
Adjustment for performance achievement	(315)	316.49
PSUs forfeited and canceled	(18,657)	238.67
Balance - January 31, 2024	156,557	244.06
PSUs granted	66,309	355.50
PSUs vested	(77,444)	243.53
Adjustment for performance achievement	19,143	216.79
PSUs forfeited and canceled	(18,281)	273.83
Balance - January 31, 2025	146,284	$	287.57

The grant date fair value of PSUs was determined by using the market price of the Company’s common stock on the date of the grant. Compensation expense is recognized over the requisite service period based on the probability of the performance conditions being satisfied using the accelerated attribution method. Following the completion of the performance year, the achieved PSU performance factor was 80.0 and 151.0 for the years ended January 31, 2025 and 2024, respectively. The Company recognized $22.7 million and $24.1 million of compensation expense related to these PSUs for the years ended January 31, 2025 and 2024, respectively. As of January 31, 2025, the Company had $12.8 million of total

unrecognized compensation cost related to these PSUs, which it expects to be recognized over a weighted-average period of 1.75 years.

2016 China Stock Appreciation Rights Plan

In April 2016, the Company adopted the 2016 China Stock Appreciation Rights Plan (as amended, the “China SAR Plan”) for its employees in China. These awards, which are granted to new employees, generally vest over four years with 25% vesting on the one year anniversary of the award and the remainder vesting monthly over the next 36 months of the grantee’s service to the Company. Awards granted to existing employees generally vest quarterly over a period of four years, subject to the grantee’s continued service to the Company. The China SAR Plan units are cash settled upon exercise and will be paid as a cash bonus equal to the difference between the strike price of the vested plan units and the fair market value of common stock at the end of each reporting period.

As of November 1, 2021, the Company does not expect to grant stock appreciation rights in the future and will instead grant RSUs to its employees in China. Therefore, no China SAR Plan units were granted for the years ended January 31, 2025 and 2024.

During the years ended January 31, 2025, 2024 and 2023, upon the vesting of 231, 619 and 1,141 units, respectively, the total expense recognized related to China SAR was $1.6 million, $3.3 million and $2.5 million, respectively. As of January 31, 2025 and 2024, the Company’s liability balance related to the China SAR Plan was $3.1 million and $5.8 million, respectively. These amounts were recorded as part of the accrued compensation and benefits on the Company’s consolidated balance sheets and recognized as bonus expense in the Company’s consolidated statements of operations. During the year ended January 31, 2025, the Company paid $0.9 million in cash upon the exercise of 3,354 units. As of January 31, 2025, there were 11,744 China SAR Plan units outstanding of which no units remained unvested.

2017 Employee Stock Purchase Plan

In October 2017, the Company’s Board of Directors adopted and stockholders approved the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). Subject to any plan limitations, the 2017 ESPP allows eligible employees to contribute, normally through payroll deductions, up to 15% of their earnings for the purchase of the Company’s common stock at a discounted price per share. Except for the initial offering period, the ESPP provides for separate six-month offering periods.

Unless otherwise determined by the Board of Directors, the Company’s common stock will be purchased for the accounts of employees participating in the ESPP at a price per share that is the lesser of (1) 85% of the fair market value of the Company’s common stock on the first trading day of the offering period, or (2) 85% of the fair market value of the Company’s common stock on the last trading day of the offering period.

Pursuant to the terms of the 2017 ESPP, the shares of the Company’s common stock reserved for issuance was increased by 727,413 shares in February 2024. As of January 31, 2025, there were 4,072,704 shares of the Company’s common stock available for future issuance under the 2017 ESPP.

During the years ended January 31, 2025, 2024 and 2023 there were 188,155, 167,574 and 149,352 shares, respectively, of common stock purchased under the ESPP. The total expense related to the ESPP for years ended January 31, 2025, 2024 and 2023 was $14.5 million, $16.4 million and $13.7 million, respectively. As of January 31, 2025, there was $7.6 million of unrecognized stock-based compensation expense related to the ESPP offering period expected to end in June 2025.

The fair value of the purchase rights granted under the 2017 ESPP was estimated on the first day of the offering period using the Black-Scholes option-pricing model with the following assumptions:


	Years Ended January 31,
	2025	2024	2023
Expected term (in years)	0.50	0.50	0.50
Expected volatility	57.7% - 58.2%	46% - 69%	90% - 92%
Risk-free interest rate	4.3% - 5.39%	5.35% - 5.36%	2.24% - 4.68%
Dividend yield	—%	—%	—%

Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s consolidated statements of operations is as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
Cost of revenue—subscription	$	29,548	$	23,677	$	19,682
Cost of revenue—services	13,917		12,733		10,565
Sales and marketing	161,317		159,907		143,073
Research and development	226,367		198,927		159,099
General and administrative	62,791		61,663		49,035
Total stock-based compensation expense	$	493,940	$	456,907	$	381,454

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jan. 31, 2024
Accounting Policies [Abstract]
Restricted cash	$ 2.6	$ 0.7

Commitments and Contingencies (Tables)

12 Months Ended

Jan. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of other commitments

The following table includes certain non-cancelable agreements primarily for subscription, marketing services and cloud infrastructure capacity commitments entered into by the Company (in thousands):


Year Ending January 31,	Other Obligations
2026	$	379,846
2027	281,303
2028	279,157
2029	5,000
2030	—
Thereafter	—
Total minimum payments	$	945,306

Net Loss Per Share (Tables)

12 Months Ended

Jan. 31, 2025

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings (loss) per share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):


	Years Ended January 31,
	2025		2024		2023
Numerator:
Net loss	$	(129,072)	$	(176,600)	$	(345,398)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	74,555,001		71,248,982		68,628,267

Net loss per share, basic and diluted	$	(1.73)	$	(2.48)	$	(5.03)

Schedule of antidilutive securities excluded from computation of earnings per share

The following shares of common stock were excluded from the computation of diluted net loss per share attributable to the Company for the periods presented because including them would have been anti-dilutive as the Company has reported net loss for each of the periods presented:


	Years Ended January 31,
	2025	2024	2023
Stock options pursuant to the 2016 Equity Incentive Plan	281,239	428,408	571,680
Stock options pursuant to the 2008 Stock Incentive Plan	286,186	884,057	1,599,415
Unvested restricted stock units and ESPP obligations	3,752,252	4,162,660	3,860,345
Unvested executive PSUs	146,284	214,565	69,667
Shares underlying the conversion option of the 2026 Notes	—	5,445,002	5,445,039
Total	4,465,961	11,134,692	11,546,146

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2025

Accounting Policies [Abstract]

Property, plant and equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:


Property and Equipment						Estimated Useful Life
Computer and office equipment						Two to three years
Purchased software						Two years
Servers						Three years
Furniture and fixtures						Five years
Website costs						Three years
Leasehold improvements						Lesser of estimated useful life or remaining lease term

Property and equipment, net consists of the following (in thousands):


	January 31, 2025		January 31, 2024
Servers	$	887	$	1,107
Furniture and fixtures	5,320		5,276
Computer and office equipment	7,209		6,623
Purchased software	872		872
Leasehold improvements	41,273		38,677
Website costs	969		969
Construction in process	386		795
Finance lease right-of-use assets	19,540		23,514
Total property and equipment	76,456		77,833
Less: accumulated depreciation and amortization	(30,079)		(24,791)
Property and equipment, net	$	46,377	$	53,042

Equity Incentive Plans (Tables)

12 Months Ended

Jan. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of stock option activity

The following table summarizes stock option activity for the periods presented (in thousands, except share and per share data and years):


	Options Outstanding
	Shares	Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value
Balance - January 31, 2023	1,789,813	$	7.60	3.3	$	313,980
Options exercised	(953,643)	7.14
Options forfeited and expired	(547)	5.81
Balance - January 31, 2024	835,623	8.14		2.6	327,884
Options exercised	(267,931)	7.56
Options forfeited and expired	(267)	13.35
Balance - January 31, 2025	567,425	$	8.41	1.5	$	150,319
Options vested and exercisable - January 31, 2024	835,623	$	8.14	2.6	$	327,884
Options vested and exercisable - January 31, 2025	567,425	$	8.41	1.5	$	150,319
Stock options vested and expected to vest - January 31, 2025	567,425	$	8.41	1.5	$	150,319

Schedule of RSU activity

The following table summarizes RSU activity for the years ended January 31, 2025 and 2024:


	Shares	Weighted-Average Grant Date Fair Value per RSU
Unvested - January 31, 2023	3,480,206	$	288.58
RSUs granted	2,272,014	267.56
RSUs vested	(1,690,527)	254.02
RSUs forfeited and canceled	(495,287)	295.61
Unvested - January 31, 2024	3,566,406	290.59
RSUs granted	2,007,277	303.06
RSUs vested	(1,529,981)	302.08
RSUs forfeited and canceled	(510,195)	299.39
Unvested - January 31, 2025	3,533,507	$	291.43

Summary of PSU Activity

The following table summarizes PSU activity for the years ended January 31, 2025 and 2024:


	Shares	Weighted-Average Grant Date Fair Value per PSU
Balance - January 31, 2023	70,728	$	316.49
PSUs granted	127,792	216.79
PSUs vested	(22,991)	316.49
Adjustment for performance achievement	(315)	316.49
PSUs forfeited and canceled	(18,657)	238.67
Balance - January 31, 2024	156,557	244.06
PSUs granted	66,309	355.50
PSUs vested	(77,444)	243.53
Adjustment for performance achievement	19,143	216.79
PSUs forfeited and canceled	(18,281)	273.83
Balance - January 31, 2025	146,284	$	287.57

Schedule of ESPP valuation assumptions

The fair value of the purchase rights granted under the 2017 ESPP was estimated on the first day of the offering period using the Black-Scholes option-pricing model with the following assumptions:


	Years Ended January 31,
	2025	2024	2023
Expected term (in years)	0.50	0.50	0.50
Expected volatility	57.7% - 58.2%	46% - 69%	90% - 92%
Risk-free interest rate	4.3% - 5.39%	5.35% - 5.36%	2.24% - 4.68%
Dividend yield	—%	—%	—%

Schedule of stock-based compensation expense recognized in consolidated statements of operations

Total stock-based compensation expense recognized in the Company’s consolidated statements of operations is as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
Cost of revenue—subscription	$	29,548	$	23,677	$	19,682
Cost of revenue—services	13,917		12,733		10,565
Sales and marketing	161,317		159,907		143,073
Research and development	226,367		198,927		159,099
General and administrative	62,791		61,663		49,035
Total stock-based compensation expense	$	493,940	$	456,907	$	381,454

Property and Equipment, Net - Schedule (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 76,456	$ 77,833
Less: accumulated depreciation and amortization	(30,079)	(24,791)
Property and equipment, net	46,377	53,042
Servers
Property, Plant and Equipment [Line Items]
Total property and equipment	887	1,107
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	5,320	5,276
Computer and office equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	7,209	6,623
Purchased software
Property, Plant and Equipment [Line Items]
Total property and equipment	872	872
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	41,273	38,677
Website costs
Property, Plant and Equipment [Line Items]
Total property and equipment	969	969
Construction in process
Property, Plant and Equipment [Line Items]
Total property and equipment	386	795
Finance lease right-of-use assets
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 19,540	$ 23,514

Intangible Assets, Net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 3,079
2027	2,512
2028	2,399
2029	2,399
2030	2,399
Thereafter	11,809
Net Book Value	$ 24,597	$ 3,957

Property and Equipment, Net (Tables)

12 Months Ended

Jan. 31, 2025

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:


Property and Equipment						Estimated Useful Life
Computer and office equipment						Two to three years
Purchased software						Two years
Servers						Three years
Furniture and fixtures						Five years
Website costs						Three years
Leasehold improvements						Lesser of estimated useful life or remaining lease term

Property and equipment, net consists of the following (in thousands):


	January 31, 2025		January 31, 2024
Servers	$	887	$	1,107
Furniture and fixtures	5,320		5,276
Computer and office equipment	7,209		6,623
Purchased software	872		872
Leasehold improvements	41,273		38,677
Website costs	969		969
Construction in process	386		795
Finance lease right-of-use assets	19,540		23,514
Total property and equipment	76,456		77,833
Less: accumulated depreciation and amortization	(30,079)		(24,791)
Property and equipment, net	$	46,377	$	53,042

Insider Trading Arrangements - Michael Gordon [Member]	3 Months Ended
Insider Trading Arrangements - Michael Gordon [Member]	Jan. 31, 2025 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On January 10, 2025, Michael Gordon, our former Chief Operating Officer and Chief Financial Officer, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Gordon’s plan is for the sale of up to 68,000 shares of common stock underlying stock options in amounts and prices determined in accordance with a formula set forth in the plan and terminates on the earlier of the date that all the shares under the plan are sold and October 15, 2025, subject to early termination for certain specified events set forth in the plan.
Name	Michael Gordon
Title	Chief Operating Officer and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Adoption Date	January 10, 2025
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Expiration Date	October 15, 2025
Arrangement Duration	278 days
Aggregate Available	68,000

Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Disaggregation of Revenue [Line Items]
Total	$ 2,006,443	$ 1,683,011	$ 1,284,040
MongoDB Atlas-related
Disaggregation of Revenue [Line Items]
Total	1,405,184	1,105,351	808,263
Other subscription
Disaggregation of Revenue [Line Items]
Total	538,680	521,975	426,859
Services
Disaggregation of Revenue [Line Items]
Total	62,579	55,685	48,918
Americas
Disaggregation of Revenue [Line Items]
Total	1,213,061	1,016,324	781,763
EMEA
Disaggregation of Revenue [Line Items]
Total	553,090	469,082	361,566
Asia Pacific
Disaggregation of Revenue [Line Items]
Total	$ 240,292	$ 197,605	$ 140,711

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
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-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 490,133	$ 802,959
Short-term investments	1,846,444	1,212,448
Accounts receivable, net of allowance for doubtful accounts of $8,888 and $8,054 as of January 31, 2025 and 2024, respectively	393,099	325,610
Deferred commissions	112,632	92,512
Prepaid expenses and other current assets	81,214	50,107
Total current assets	2,923,522	2,483,636
Property and equipment, net	46,377	53,042
Operating lease right-of-use assets	34,607	37,365
Goodwill	69,679	69,679
Intangible assets, net	24,597	3,957
Deferred tax assets	20,810	4,116
Other assets	310,701	217,847
Total assets	3,430,293	2,869,642
Current liabilities:
Accounts payable	10,467	9,905
Accrued compensation and benefits	120,354	112,579
Operating lease liabilities	9,126	9,797
Other accrued liabilities	87,659	74,831
Deferred revenue	334,381	357,108
Total current liabilities	561,987	564,220
Deferred tax liability	262	285
Operating lease liabilities	27,374	30,918
Deferred revenue	25,404	20,296
Convertible senior notes, net	0	1,143,273
Other liabilities	33,042	41,661
Total liabilities	648,069	1,800,653
Commitments and contingencies (Note 8)
Stockholders’ equity:
Additional paid-in capital	4,625,093	2,777,322
Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of January 31, 2025 and 2024	(1,319)	(1,319)
Accumulated other comprehensive income (loss)	(924)	4,545
Accumulated deficit	(1,840,704)	(1,711,632)
Total stockholders’ equity	2,782,224	1,068,989
Total liabilities and stockholders’ equity	3,430,293	2,869,642
Class A Common Stock
Stockholders’ equity:
Common stock	$ 78	$ 73

Income Taxes - Schedule of Components of Provision for Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Current:
Federal	$ 1,035	$ 522	$ 844
State	512	289	59
Foreign	12,761	13,363	11,812
Total	14,308	14,174	12,715
Deferred:
Federal	38	42	(13)
State	51	46	24
Foreign	(16,924)	(1,178)	(582)
Total	(16,835)	(1,090)	(571)
Provision for (benefit from) income taxes	$ (2,527)	$ 13,084	$ 12,144

Goodwill and Intangible Assets, Net

12 Months Ended

Jan. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

The following table summarizes the changes in the carrying amount of goodwill during the periods presented (in thousands):


	January 31, 2025		January 31, 2024
Balance, beginning of the year	$	69,679	$	57,779
Increase in goodwill related to business combinations	—		11,900
Balance, end of the year	$	69,679	$	69,679

On September 27, 2023, the Company acquired the assets of Grainite, Inc. (“Grainite”), for total cash consideration of $15.0 million. Grainite is a stream processing application company and the transaction is intended to accelerate the development of the Company’s stream processing offering. The Company accounted for the transaction as a business combination, after determining that the acquired set of assets, the fair value of which was not concentrated in a single asset, or group of similar assets, and included (a) an assembled workforce and (b) intangible asset, met the definition of a business. As a result, the Company allocated the estimated fair value of $3.1 million of the identifiable asset acquired to the developed technology intangible asset. The fair value assigned to the intangible asset was determined through the use of a third-party valuation firm using replacement cost approach methodology, and includes the expected profit margin of a hypothetical third-party developer and a market participant’s opportunity cost. Judgment was applied for a number of assumptions used in the valuation of the identified intangible asset. The excess of the cash consideration over the identifiable intangible assets in the amount of $11.9 million was allocated to goodwill. This transaction is accounted for as an asset acquisition for tax purposes, and therefore both the goodwill and acquired intangible asset are deductible for tax purposes. Tax impacts were not material. Acquisition-related transaction costs were not material and have been expensed as incurred and included in general and

administrative expenses in the consolidated statements of operations. The business combination did not have a material impact on the Company’s consolidated financial statements for the year ended January 31, 2024.

The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows (in thousands):


	January 31, 2025
	Gross Carrying Value		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Developed technology	$	41,200	$	(40,407)	$	793	1.2
Customer relationships	15,200		(15,200)		—		—
IP addresses	$	23,986	$	(182)	$	23,804	9.9
Total	$	80,386	$	(55,789)	$	24,597


	January 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Developed technology	$	41,200	$	(37,328)	$	3,872	1.0
Customer relationships	15,200		(15,115)		85		0.3
Total	$	56,400	$	(52,443)	$	3,957

During the three months ended January 31, 2025, the Company purchased $24.0 million of intangible assets for IP addresses which is expected to allow the Company to reduce its cloud infrastructure costs in the future. These purchased intangible assets are amortized on a straight-line basis over an estimated useful life of ten years.

Intangible assets are amortized on a straight-line basis. Amortization expense of intangible assets was $3.3 million, $10.6 million and $9.2 million for the years ended January 31, 2025, 2024 and 2023, respectively. Amortization expense for developed technology was included as research and development expense in the Company’s consolidated statements of operations. Amortization expense for customer relationships was included as sales and marketing expense in the Company’s consolidated statements of operations. Amortization expense for IP addresses was included as cost of subscription revenue in the Company’s consolidated statements of operations.

As of January 31, 2025, future amortization expense related to the intangible assets is as follows (in thousands):


Years Ending January 31,
2026	$	3,079
2027	2,512
2028	2,399
2029	2,399
2030	2,399
Thereafter	$	11,809
Total	$	24,597

Revenue - Costs Capitalized to Obtain Contracts with Customers (Details) - USD ($)	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Capitalized contract costs	$ 363,400,000	$ 294,200,000
Noncurrent capitalized contract cost		201,700,000
Capitalized contract cost, amortization	112,600,000	99,500,000	$ 79,600,000
Impairment loss for capitalized costs	$ 0	$ 0	$ 0

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Jan. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Short-term investments:
Total financial assets	$ 1,999,032	$ 1,724,904
Level 1
Short-term investments:
Total financial assets	1,999,032	1,724,904
Level 2
Short-term investments:
Total financial assets	0	0
Level 3
Short-term investments:
Total financial assets	0	0
U.S. government treasury securities
Short-term investments:
U.S. government treasury securities	1,846,444	1,212,448
U.S. government treasury securities \| Level 1
Short-term investments:
U.S. government treasury securities	1,846,444	1,212,448
U.S. government treasury securities \| Level 2
Short-term investments:
U.S. government treasury securities	0	0
U.S. government treasury securities \| Level 3
Short-term investments:
U.S. government treasury securities	0	0
Money market funds
Cash and cash equivalents:
Money market funds	152,588	512,456
Money market funds \| Level 1
Cash and cash equivalents:
Money market funds	152,588	512,456
Money market funds \| Level 2
Cash and cash equivalents:
Money market funds	0	0
Money market funds \| Level 3
Cash and cash equivalents:
Money market funds	$ 0	$ 0

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (129,072)	$ (176,600)	$ (345,398)
Other comprehensive income (loss), net of tax:
Unrealized income (loss) on available-for-sale securities	(690)	4,652	969
Foreign currency translation adjustment	(4,779)	798	1,054
Other comprehensive income (loss)	(5,469)	5,450	2,023
Total comprehensive loss	$ (134,541)	$ (171,150)	$ (343,375)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Convertible Senior Notes

12 Months Ended

Jan. 31, 2025

Debt Disclosure [Abstract]

Convertible Senior Notes

The net carrying amounts of the Company’s 2026 Notes (as defined herein) were as follows for the periods presented (in thousands):


	Years Ended January 31,
	2025 (1)		2024
Principal	$	—	$	1,149,972

Unamortized debt issuance costs	—		(6,699)
Net carrying amount	$	—	$	1,143,273

(1) The aggregate principal amount outstanding of the 2026 Notes was redeemed by the Company in December 2024.

The following table sets forth the interest expense related to the 2026 Notes for the periods presented (in thousands):


	January 31, 2025		January 31, 2024		January 31, 2023
	2026 Notes (1)		2026 Notes		2026 Notes
Contractual interest expense	$	1,318	$	2,875	$	2,859

Amortization of issuance costs	2,419		3,393		3,375
Total	$	3,737	$	6,268	$	6,234

(1) The aggregate principal amount outstanding of the 2026 Notes was redeemed by the Company in December 2024.

In January 2020, the Company issued $1.0 billion aggregate principal amount of 0.25% convertible senior notes due 2026 in a private placement and, also in January 2020, the Company issued an additional $150.0 million aggregate principal amount of convertible senior notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible senior notes (collectively, the “2026 Notes”). The 2026 Notes were senior unsecured obligations of the Company and interest was payable semiannually in arrears on July 15 and January 15 of each year, beginning on July 15, 2020, at a rate of 0.25% per year. The 2026 Notes had an original maturity date of January 15, 2026, unless earlier converted, redeemed or repurchased. The total net proceeds from the offering, after deducting initial purchase discounts and estimated debt issuance costs, were approximately $1.1 billion.

In October 2024, the optional redemption feature of the 2026 Notes was satisfied as the last reported sale price of the Company’s common stock was more than or equal to 130% of the conversion price for at least 20 trading days in the period of 30 consecutive trading days. On October 16, 2024, the Company issued a notice of redemption (the “Redemption Notice”) for all aggregate principal amount outstanding of its 2026 Notes. Pursuant to the Redemption Notice, on December 16, 2024 (the “Redemption Date”), the Company redeemed all 2026 Notes that had not been converted prior to such date at a redemption price in cash equal to 100% of the principal amount of such 2026 Notes, plus accrued and unpaid interest from July 15, 2024 to, but excluding the Redemption Date (the “Redemption Price”). On the Redemption Date, the Redemption Price was due and payable upon each 2026 Notes redeemed and interest thereon ceased to accrue on and after the Redemption Date.

The 2026 Notes called for redemption were converted by holders at any time before 5:00 p.m. (New York City time) on December 13, 2024 (the “Conversion Deadline”). The Conversion Rate for 2026 Notes converted after the date of the Redemption Notice and prior to the Conversion Deadline equaled to 4.9260 shares of the Company’s common stock, par value $0.001 per share, per $1,000 principal amount of the 2026 Notes, which included an increase of the conversion rate of 0.1911 additional shares of the Company’s common stock per $1,000 principal amount of the 2026 Notes as a result of the 2026 Notes being called for optional redemption.

The Company satisfied its conversion obligations with respect to conversions occurring after the date of the Redemption Notice and prior to the Redemption Date by delivering shares of the Company’s common stock, plus cash in lieu of any resulting fractional shares. Pursuant to the Redemption Notice, on the Redemption Date, the Company redeemed the outstanding principal of the 2026 Notes that were not converted prior to such date at a redemption price in cash equal to 100% of the principal amount of the 2026 Notes, plus accrued and unpaid interest. Approximately $1.1 billion aggregate principal amount was converted to 5,662,979 shares of the Company’s common stock with $0.4 million settled in cash. The Company recorded the carrying amount of the converted debt into common stock and additional paid-in-capital with no material gain or loss recognized.

Capped Calls

In connection with the pricing of the issuance of the Company’s convertible notes due June 15, 2024 which were converted or extinguished in December 2021 (the “2024 Notes”) and the 2026 Notes, the Company entered into privately negotiated capped call transactions with certain counterparties (the “Capped Calls”). The Capped Calls associated with the 2024 Notes each had an initial strike price of approximately $68.15 per share, subject to certain adjustments, which corresponded to the initial conversion price of the 2024 Notes. These Capped Calls had initial cap prices of $106.90 per share, subject to certain adjustments.

In April 2024, the Company elected cash settlement for the Capped Calls associated with the 2024 Notes. Upon the cash settlement election, the instrument, initially indexed to the Company’s own stock, no longer met the criteria for equity

classification and was reclassified from stockholder’s equity to assets on the Company’s consolidated balance sheet. The reclassification resulted in the recognition of a derivative asset, with an estimated fair value at cash settlement election date of $169.7 million, with a corresponding increase in additional paid in capital. In June 2024, the derivative asset was settled and the Company received $170.6 million in cash and recognized a realized gain of $0.9 million for the year ended January 31, 2025, which was recorded in other income (expense), net, on the Company’s consolidated statements of operations.

The Capped Calls associated with the 2026 Notes each have an initial strike price of approximately $211.20 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2026 Notes. These Capped Calls have initial cap prices of $296.42 per share, subject to certain adjustments. The Company did not unwind any of these Capped Calls through January 31, 2025.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2025

Income Tax Disclosure [Abstract]

Components of loss before provision for income taxes

The components of loss before provision for (benefit from) income taxes were as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
United States	$	(99,978)	$	(138,936)	$	(253,433)
Foreign	(31,621)		(24,580)		(79,821)
Total	$	(131,599)	$	(163,516)	$	(333,254)

Components of the provision for income taxes

The components of the provision for (benefit from) income taxes were as follows (in thousands):


	Years Ended January 31,
	2025		2024		2023
Current:
Federal	$	1,035	$	522	$	844
State	512		289		59
Foreign	12,761		13,363		11,812
Total	14,308		14,174		12,715
Deferred:
Federal	38		42		(13)
State	51		46		24
Foreign	(16,924)		(1,178)		(582)
Total	(16,835)		(1,090)		(571)
Provision for (benefit from) income taxes	$	(2,527)	$	13,084	$	12,144

Schedule of effective income tax rate reconciliation


	Years Ended January 31,
	2025		2024		2023
Income tax benefit at statutory rate	$	(27,636)	$	(34,339)	$	(69,983)
State taxes, net of federal benefit	(11,640)		265		66
Impact of foreign income taxes	2,974		17,371		27,892
Foreign branch income included in the United States	(1,283)		1,525		1,353
Stock-based compensation	(328)		(64,721)		(39,669)
Non-deductible expenses	14,987		17,863		1,318
Officer compensation in excess of $1 million	7,651		8,729		7,085
Change in valuation allowance	45,610		100,548		106,156
Research and development credits	(33,746)		(31,596)		(19,395)
Foreign tax credit	—		(3,014)		(3,349)
Foreign withholding tax expense	1,035		522		844
Prior year true ups	131		(47)		(278)
Other	(282)		(22)		104
Provision for (benefit from) income taxes	$	(2,527)	$	13,084	$	12,144

Components of deferred tax assets for federal and state income taxes

Significant components of the Company’s deferred tax assets are shown in the following table as of January 31, 2025 and 2024, respectively (in thousands):


	Years Ended January 31,
	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	784,638	$	753,189
Deferred revenue	64,429		67,167
Finance and operating lease liabilities	17,807		19,282
Capitalized research and development costs	163,963		125,142
Other reserves	25,870		20,729
Gross deferred tax assets	1,056,707		985,509
Valuation allowance	(942,513)		(903,663)
Total deferred tax assets, net of valuation allowance	114,194		81,846
Deferred tax liabilities:
Finance and operating lease right-of-use assets	(12,505)		(13,204)
Convertible senior notes	—		—
Deferred commission	(77,298)		(61,483)
Other liabilities and accruals	(3,842)		(3,326)
Total deferred tax liabilities	(93,645)		(78,013)
Net deferred tax assets	$	20,549	$	3,833

Summary of activity within unrecognized gross tax benefits

The following table summarizes the changes in the Company’s unrecognized gross tax benefits during the periods presented (in thousands):


	Years Ended January 31,
	2025		2024		2023
Unrecognized tax benefits at beginning of year	$	81,604	$	29,284	$	22,698
Increase (decrease) in tax positions in prior years	1,075		1,692		(177)
Additions based on tax positions in the current year	21,864		50,628		6,763
Unrecognized tax benefits at end of year	$	104,543	$	81,604	$	29,284

Equity Incentive Plans - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Shares
Balance - beginning of period (in shares)	835,623	1,789,813
Options exercised (in shares)	(267,931)	(953,643)
Options forfeited and expired (in shares)	(267)	(547)
Balance - end of period (in shares)	567,425	835,623	1,789,813
Options vested and exercisable (in shares)	567,425	835,623
Options vested and exercisable - Stock options vested and expected to vest (in shares)	567,425
Weighted- Average Exercise Price Per Share
Balance - beginning of period (in dollars per share)	$ 8.14	$ 7.60
Options exercised (in dollars per share)	7.56	7.14
Options forfeited and expired (in dollars per share)	13.35	5.81
Balance - end of period (in dollars per share)	8.41	8.14	$ 7.60
Options vested and exercisable (in dollars per share)	8.41	$ 8.14
Options vested and exercisable - Stock options vested and expected to vest (in dollars per share)	$ 8.41
Weighted- Average Remaining Contractual Term (In Years)
Balance	1 year 6 months	2 years 7 months 6 days	3 years 3 months 18 days
Options vested and exercisable	1 year 6 months	2 years 7 months 6 days
Stock options vested and expected to vest	1 year 6 months
Aggregate Intrinsic Value
Balance	$ 150,319	$ 327,884	$ 313,980
Options vested and exercisable	150,319	$ 327,884
Stock options vested and expected to vest, intrinsic value	$ 150,319

Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis


	Fair Value Measurement at January 31, 2025
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	152,588	$	—	$	—	$	152,588
Short-term investments:
U.S. government treasury securities	1,846,444		—		—		1,846,444
Total financial assets	$	1,999,032	$	—	$	—	$	1,999,032


	Fair Value Measurement at January 31, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	512,456	$	—	$	—	$	512,456
Short-term investments:
U.S. government treasury securities	1,212,448		—		—		1,212,448
Total financial assets	$	1,724,904	$	—	$	—	$	1,724,904

Schedule of Marketable Securities


	January 31, 2025						January 31, 2024
	Amortized Cost		Net Unrealized Gains (Losses)		Fair Value		Amortized Cost		Net Unrealized Gains (Losses)		Fair Value
Due within one year	$	968,748	$	944	$	969,692	$	520,006	$	(543)	$	519,463
Due after one year and within three years	876,154		598		876,752		690,211		2,774		692,985
Total short-term investments	$	1,844,902	$	1,542	$	1,846,444	$	1,210,217	$	2,231	$	1,212,448

Convertible Senior Notes - Schedule of Interest Expense for the Notes (Details) - Convertible Notes Due 2026 - Convertible Debt - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Debt Instrument [Line Items]
Contractual interest expense	$ 1,318	$ 2,875	$ 2,859
Amortization of issuance costs	2,419	3,393	3,375
Total	$ 3,737	$ 6,268	$ 6,234

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Net Loss Per Share - Schedule of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Numerator:
Net loss	$ (129,072)	$ (176,600)	$ (345,398)
Denominator:
Weighted-average shares used to compute net loss per share, basic (in shares)	74,555,001	71,248,982	68,628,267
Weighted-average shares used to compute net loss per share, diluted (in shares)	74,555,001	71,248,982	68,628,267
Net loss per share, diluted (in dollars per share)	$ (1.73)	$ (2.48)	$ (5.03)
Net loss per share, basic (in dollars per share)	$ (1.73)	$ (2.48)	$ (5.03)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Equity Incentive Plans (Details) - shares shares in Millions	1 Months Ended	12 Months Ended
	Feb. 29, 2024	Jan. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance, period increase (in shares)	3.6
Number of shares available for grant (in shares)		15.8
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		10 years
Award vesting period		4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
One Year Anniversary \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year
Vesting rights percentage		25.00%
One Year Anniversary \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage		25.00%
25 to 36 Months \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		36 months
Over 10% Stockholder \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period		5 years
Minimum \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock, as a percent		100.00%
Minimum \| Over 10% Stockholder \| Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price of common stock, as a percent		110.00%

Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable equity securities	$ 310,701	$ 217,847
Unrealized gain on financial instruments, net	937	1,044	$ 1,857
U.S. government treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-Sale, Unrealized Loss	(1,542)	(2,231)
Variable Interest Entity, Not Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable equity securities	$ 24,200	$ 12,900

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 784,638	$ 753,189
Deferred revenue	64,429	67,167
Finance and operating lease liabilities	17,807	19,282
Capitalized research and development costs	163,963	125,142
Other reserves	25,870	20,729
Gross deferred tax assets	1,056,707	985,509
Valuation allowance	(942,513)	(903,663)	$ (809,000)
Total deferred tax assets, net of valuation allowance	114,194	81,846
Deferred tax liabilities:
Finance and operating lease right-of-use assets	(12,505)	(13,204)
Convertible senior notes	0	0
Deferred commission	(77,298)	(61,483)
Other liabilities and accruals	(3,842)	(3,326)
Total deferred tax liabilities	(93,645)	(78,013)
Net deferred tax assets	$ 20,549	$ 3,833

Summary of Significant Accounting Policies - Revenue Recognition (Details)	12 Months Ended
	Jan. 31, 2025 revenue_source
Accounting Policies [Abstract]
Number of revenue sources	2
Capitalized contract cost, amortization period	5 years
Typical payment term period	30 days

Summary of Significant Accounting Policies - Stock-Based Compensation (Details)	12 Months Ended
	Jan. 31, 2025
Accounting Policies [Abstract]
Award requisite service period	4 years

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Pay vs Performance Disclosure
Net loss	$ (129,072)	$ (176,600)	$ (345,398)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Revenue - Disaggregation of Revenue (Details) - Geographic Concentration Risk - United States	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Revenue from Contract with Customer
Disaggregation of Revenue [Abstract]
Concentration risk, percentage	54.00%		55.00%
Long Lived Assets
Disaggregation of Revenue [Abstract]
Concentration risk, percentage	87.00%	87.00%

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation

The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include the accounts of the Company and all of its wholly owned subsidiaries. All intercompany transactions and accounts have been eliminated.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Such estimates include, but are not limited to, revenue recognition, allowances for doubtful accounts, the period of benefit for deferred contract acquisition costs, the incremental borrowing rate related to the Company’s lease liabilities, stock-based compensation, legal contingencies, fair value of acquired intangible assets and goodwill, useful lives and carrying values of intangible assets and property and equipment, fair value of non-marketable securities and accounting for income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events.

The global macroeconomic conditions, including slower economic growth, persistent inflation and high interest rate environment, continue to impact demand and supply for a broad variety of goods and services, including demand from the Company’s customers.

Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, assumptions and judgments or adjust the carrying value of its assets or liabilities. These estimates may change as new events occur and additional information is obtained and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements.

Foreign Currency

The functional currency of the Company’s international subsidiaries is either the U.S. dollar or the local currency in which the international subsidiary operates. For foreign subsidiaries where the U.S. dollar is the functional currency, foreign currency denominated monetary assets and liabilities are re-measured into U.S. dollars at current exchange rates and foreign currency denominated non-monetary assets and liabilities are re-measured into U.S. dollars at historical exchange rates. Transaction gains or losses from foreign currency re-measurement and settlements are included in other income (expense), net in the consolidated statements of operations. For the foreign subsidiary where the functional currency is the local currency, the Company uses the exchange rate as of the balance sheet date to translate assets and liabilities and the average exchange rate during the period to translate revenue and expenses into U.S. dollars. Translation gains or losses resulting from translating foreign local currency financial statements into U.S. dollars are included in accumulated other comprehensive loss as a component of stockholders' equity.

Comprehensive Loss

The Company’s comprehensive loss includes net loss, unrealized gains and losses on available-for-sale debt securities and foreign currency translation adjustments.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash equivalents. The Company maintains such investments primarily in money market funds, which have readily determinable fair values. Money market funds are measured using quoted prices in active markets with changes recorded in other income (expense), net on the consolidated statements of operations.

Marketable Securities

The Company determines the appropriate classification of its short-term investments at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its short-term investments as available-for-sale debt securities as the Company may sell these securities at any time for use in its current operations or for other purposes, even prior to maturity.

Available-for-sale debt securities are recorded at fair value each reporting period. Realized gains and losses are determined based on the individual security level and are reported in other income (expense), net in the consolidated statements of operations. Unrealized gains and losses, net of taxes, on these short-term investments are reported as a separate component of accumulated other comprehensive loss on the consolidated balance sheets until realized.

If the estimated fair value of an available-for-sale debt security is below its amortized cost basis, then the Company evaluates for impairment. The Company considers its intent to sell the security or whether it is more likely than not that it will be required to sell the security before recovery of its amortized basis. If either of these criteria are met, the debt security’s amortized cost basis is written down to fair value through other income (expense), net in the consolidated statements of operations. If neither of these criteria are met, the Company evaluates whether unrealized losses have resulted from a credit loss or other factors. When a credit loss exists, the Company compares the present value of cash flows expected to be collected from the debt security with the amortized cost basis of the security to determine what allowance amount, if any, should be recorded. An impairment relating to credit losses is recorded through an allowance for credit losses reported in other income (expense) in the consolidated statements of operations. The allowance is limited by the amount that the fair value of the debt security is below its amortized cost basis.

For the years ended January 31, 2025, 2024 and 2023, the Company did not record any impairment charges for its marketable debt securities in its consolidated statements of operations.

Restricted Cash

Restricted cash balances have been excluded from the Company’s cash and cash equivalents balance and are included in other assets on the consolidated balance sheets.

Non-marketable Securities

Non-marketable securities consist of equity investments in privately-held companies, which are classified as other assets on the consolidated balance sheets. The Company’s non-marketable equity securities do not have readily determinable fair values. These investments are accounted for using the measurement alternative at cost, and the Company adjusts for impairments and observable price changes (orderly transactions for the identical or a similar security from the same issuer) included in net loss as and when it occurs. The measurement alternative election is reassessed each reporting period to determine whether the non-marketable securities continue to be eligible for this election.

The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Impairment indicators may include, but are not limited to, a significant deterioration in earnings performance, credit rating, asset quality or business outlook or a significant adverse change in the regulatory, economic, or technological environment. If the non-marketable equity securities are considered impaired, the Company will record an impairment charge within other income (expense) on its consolidated statements of

operations for the amount by which the carrying value exceeds the fair value of the investment. For the years ended January 31, 2025, 2024 and 2023, the Company did not record any material impairment charges related to its non-marketable equity securities.

During the years ended January 31, 2025 and 2024, the Company invested $11.3 million and $2.1 million, respectively, of its cash in non-marketable securities of privately-held companies. The Company evaluated its ownership, contractual and other interests of its investments and determined that as of January 31, 2025, there were no variable interest entities required to be consolidated in the Company’s consolidated financial statements, as the Company was not the primary beneficiary and did not have the power to direct activities that most significantly impact the entities’ economic performance. The Company’s maximum loss exposure is limited to the carrying value of these investments.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, non-marketable securities, accounts payable and accrued liabilities. Cash equivalents are measured at fair value on a recurring basis. Short-term investments classified as available-for-sale debt securities are recorded at fair value. Non-marketable securities consist of equity securities. Accounts receivable, accounts payable and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date.

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs, as described below, of which the first two are considered observable and the last unobservable, that may be used to measure fair value:

•Level 1: Observable inputs, such as quoted prices (unadjusted) in active markets for identical assets or liabilities at the measurement date.

•Level 2: Observable inputs, other than Level 1 prices, such as quoted prices in active markets for similar assets and liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents, restricted cash, short-term investments and accounts receivable. The primary focus of the Company’s investment strategy is to preserve capital and meet liquidity requirements. The Company maintains its cash accounts with financial institutions where, at times, deposits exceed insurance coverage limits. The Company invests its excess cash in highly-rated money market funds and in short-term investments consisting of U.S. government treasury securities.

The Company extends credit to customers in the normal course of business. The Company performs credit analyses and monitors the financial health of its customers to reduce credit risk. The Company does not require collateral from customers to secure accounts receivable. Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company records an allowance for doubtful accounts relating to certain trade accounts receivable based on various factors, including the review of credit profiles of its customers, contractual terms and conditions, current economic trends and historical customer payment experience.

Software Development Costs

Software development costs for software to be sold, leased, or otherwise marketed are expensed as incurred until the establishment of technological feasibility, at which time those costs are capitalized until the product is available for general release to customers and amortized over the estimated life of the product. Technological feasibility is established upon the completion of a working prototype that has been certified as having no critical bugs and is a release candidate. To date, costs

and time incurred between the establishment of technological feasibility and product release have not been material, resulting in software development costs qualifying for capitalization being immaterial. As a result, the Company has not capitalized any related software development costs in any of the periods presented.

Costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, costs related to the development of web-based product, or implementation costs incurred in a hosting arrangement that is a service contract, are capitalized during the application development stage. Costs incurred during the preliminary planning and evaluation stage of the project and during post implementation operational stage are expensed as incurred. There were no material qualifying costs incurred during the application development stage and the Company did not capitalize any qualifying costs related to computer software developed for internal use, or implementation costs incurred in a hosting arrangement that is a service contract in the years ended January 31, 2025 and 2024.

Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:


Property and Equipment						Estimated Useful Life
Computer and office equipment						Two to three years
Purchased software						Two years
Servers						Three years
Furniture and fixtures						Five years
Website costs						Three years
Leasehold improvements						Lesser of estimated useful life or remaining lease term

Depreciation commences once the asset is ready for its intended use. Upon retirement or sale, the cost of assets disposed of and the related accumulated depreciation, is removed from the accounts and any resulting gain or loss is reflected in the consolidated statements of operations. There was no material gain or loss incurred as a result of retirement or sale in the periods presented. Repair and maintenance costs are expensed as incurred.

Business Combinations

The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed as of the acquisition date. The excess of the fair value of purchase consideration over the fair values of the tangible and intangible assets acquired and liabilities assumed is recorded as goodwill. These estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. In addition, uncertain tax positions and tax-related valuation allowances are initially established in connection with a business combination as of the acquisition date. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statements of operations. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred.

Leases

The Company determines if an arrangement is, or contains, a lease at inception. An arrangement is or contains a lease if the arrangement conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

The Company measures lease liabilities based on the present value of lease payments over the lease term at the lease commencement date. As the Company’s leases generally do not provide an implicit discount rate, the net present value of future minimum lease payments is determined using the Company’s incremental borrowing rate. Options in the lease terms to extend or terminate the lease are not reflected in the lease liabilities unless it is reasonably certain that any such option will be exercised.

The Company measures right-of-use assets at the lease commencement date based on the corresponding lease liabilities adjusted for (i) prepayments made to the lessor at or before the commencement date, (ii) initial direct costs incurred

and (iii) certain tenant incentives under the lease. The Company evaluates the recoverability of the right-of-use assets for possible impairment in accordance with the long-lived assets policy.

The Company accounts for lease and non-lease components as a single lease component for all leases. The Company has elected not to recognize right-of-use assets or lease liabilities for leases with an initial lease term of twelve months or less, and instead recognize the associated lease payments for these short-term leases in the consolidated statements of operations on a straight-line basis over the lease term.

Lease expenses for minimum lease payments for operating leases are recognized on a straight-line basis over the lease term. Amortization expense of the right-of-use assets for finance leases is generally recognized on a straight-line basis over the shorter of the lease term or the useful life of the asset. Interest expense for finance leases is recognized based on the incremental borrowing rate used to determine the finance lease liability. Variable lease payments are expensed as incurred and are not included within the lease liability and right-of-use assets calculation.

Operating leases are reflected in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on the consolidated balance sheets. Finance leases are included in property and equipment, net, other accrued liabilities, and other liabilities, non-current on the consolidated balance sheets. Within the consolidated statements of cash flows, the Company classifies all cash payments associated with operating leases within operating activities and for finance leases, repayments of principal are presented within financing activities and interest payments are presented within operating activities.

Impairment of Long-Lived Assets

The Company evaluates the recoverability of its long-lived assets for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. Recoverability of these assets is measured by a comparison of the carrying amounts to the future undiscounted cash flows the assets are expected to generate. If such review indicates that the carrying amount is not recoverable, the carrying amount of such assets is reduced to fair value. The Company did not record impairment charges related to long-lived assets during the years presented.

In addition to the recoverability assessment, the Company periodically reviews the remaining estimated useful lives of long-lived assets. If the estimated useful life assumption for any asset is changed due to new information, the remaining unamortized balance would be depreciated or amortized over the revised estimated useful life, on a prospective basis.

Goodwill and Intangible Assets

Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations. Other acquired intangible assets are stated at the fair value acquired as determined by a valuation technique commensurate with the intended use of the related asset. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided. Goodwill and any indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired.

The Company performs its annual impairment analysis in the fourth quarter of each fiscal year. The Company first assesses the qualitative factors to determine whether it is more likely than not that the fair value of the Company’s single operating segment is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. If the Company determines that it is more likely than not that its fair value is less than its carrying amount, then the quantitative goodwill impairment test will be performed. The quantitative goodwill impairment test identifies goodwill impairment and measures the amount of goodwill impairment loss to be recognized by comparing the fair value of the Company’s single operating segment with its carrying amount. If the carrying amount exceeds its fair value, no further analysis is required; otherwise, any excess of the carrying amount over the implied fair value is recognized as an impairment loss and the carrying value of goodwill is written down to fair value.

Revenue Recognition

The Company derives its revenue from two sources: (1) the sales of subscriptions, which includes the usage-based database-as-a-service offering, term license and post-contract customer support (“PCS”); and (2) services revenue comprised of consulting and training arrangements. The Company recognizes revenue when its customer obtains control of promised

goods or services in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. In determining the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements, the Company performs the following steps:

i.Identification of the contract, or contracts, with a customer - The Company determines it has a contract with a customer when the contract is approved, each party’s rights regarding the products or services to be transferred is identified, the payment terms for the services can be identified, the Company has determined the customer has the ability and intent to pay and the contract has commercial substance. The Company applies judgment in determining the customer’s ability and intent to pay, which is based on a variety of factors, including the customer’s historical payment experience or, in the case of a new customer, credit, reputation and financial or other information pertaining to the customer. At contract inception, the Company evaluates whether two or more contracts should be combined and accounted for as a single contract and whether the combined or single contract includes more than one performance obligation.

ii.Identification of the performance obligations in the contract - Performance obligations promised in a contract are identified based on the services or products that will be transferred to the customer that are both (1) capable of being distinct, whereby the customer can benefit from the service or product either on its own or together with other resources that are readily available from third parties or from the Company and (2) distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are combined and accounted for as a single performance obligation.

iii.Determination of the transaction price - The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the customer. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue recognized under the contract will not occur. The Company applies the practical expedient to not evaluate contracts of one year or less for the existence of a significant financing component. None of the Company’s contracts contain a significant financing component.

iv.Allocation of the transaction price to the performance obligations in the contract - If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. For contracts that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation based on a relative standalone selling price (“SSP”) basis. The Company also considers if there are any additional material rights inherent in a contract and if so, the Company allocates a portion of the transaction price to such rights based on SSP. The Company determines each SSP based on multiple factors, including past history of selling such performance obligations as standalone products. The Company estimates SSP for performance obligations with no observable evidence using adjusted market, cost plus and residual methods to establish the SSPs. In cases where directly observable standalone sales are not available, such as when the term license is not sold separately, the Company considers observable data points including competitor pricing for a similar or identical product, market and industry data points and the Company’s pricing practices to establish the SSP.

v.Recognition of revenue when, or as, the Company satisfies a performance obligation - The Company recognizes revenue at the time the related performance obligation is satisfied when control of the services or products are transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company records its revenue net of any value added or sales tax.

Subscription Revenue

The Company sells subscriptions directly through its field and inside sales teams and indirectly through channel partners, as well as through its self-serve channel. The majority of the Company’s subscription contracts are one year in duration and are invoiced upfront or invoiced monthly in arrears. When the Company enters into multi-year subscription contracts, the customer is typically invoiced on an annual basis or pays upfront. The Company’s subscription contracts are generally non-cancelable and non-refundable.

The Company derives subscription revenue from providing its software to customers with its database-as-a-service offering that include comprehensive infrastructure and management of the Company’s database and can also be purchased with additional enterprise features. Performance obligations related to database-as-a-service solutions are recognized on a

usage-basis, as the use of this service represents a direct measurement of the value of the goods or services transferred to date relative to the remaining goods or services promised under the contract.

The Company’s subscription revenue also includes time-based software licenses sold in conjunction with PCS. The license element is recognized separately from the PCS as they are considered two distinct performance obligations. The transaction price is allocated to each separate performance obligation based on its relative SSP. License revenue is recognized at a point in time, upon delivery and transfer of control of the underlying license to the customer, which is typically the subscription start date.

PCS includes unspecified updates, as well as support and maintenance. Revenue from PCS is recognized ratably over the contract duration.

Services Revenue

The Company’s services contracts are generally provisioned on a time-and-materials basis. Revenue is recognized as the services are performed.

Contracts with Multiple Performance Obligations

The Company enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. For these contracts, the transaction price is allocated to the separate performance obligations on a relative SSP basis.

Cost of Revenue

Cost of Subscription Revenue

Cost of subscription revenue primarily includes third-party cloud infrastructure expenses for the Company’s database- as-a-service offering. Cost of subscription revenue also includes personnel costs, including salaries, bonuses and benefits and stock-based compensation, for employees associated with the Company’s subscription arrangements principally related to technical support and allocated shared costs, as well as depreciation and amortization.

Cost of Services Revenue

Cost of services revenue primarily includes personnel costs, including salaries and benefits and stock-based compensation for employees associated with the Company’s professional service contracts, as well as, travel costs, allocated shared costs and depreciation and amortization.

Deferred Commissions

The Company capitalizes its incremental costs of obtaining subscription contracts with customers, which generally consist of sales commissions paid to the Company’s sales force and related payroll taxes, as well as fees paid to marketplace vendors. Incremental costs that are expected to be amortized during the succeeding twelve months are recorded on the Company’s consolidated balance sheets as deferred commissions with the remaining, non-current, portion recorded under other assets. Deferred commissions are amortized over a period of benefit that the Company has determined to be generally five years. The Company determined the period of benefit by taking into consideration the length of its customer contracts, its technology life cycle and other factors. Deferred commissions also include all other sales commissions and related payroll taxes for subscription contract renewals, which are amortized based on the pattern of the associated revenue recognition over the related contractual subscription period. Sales commissions are generally paid up front and one month in arrears, however, the timing of payment is based on contractual terms of the underlying subscription contract and is subject to an evaluation of customer credit-worthiness. The deferred commission amounts are recoverable through the future revenue under the non-cancelable customer contracts. Amortization of deferred commissions is included in sales and marketing expense in the consolidated statements of operations. The Company adopted the practical expedient that permits an entity to expense the costs to obtain a contract as incurred when the expected amortization period is one year or less. Deferred commissions are reviewed periodically for impairment. Refer to Note 9, Revenue for more information.

Deferred revenue primarily consists of customer billings or payments received in advance of the Company satisfying the performance obligations on its subscription and services contracts. The Company generally invoices its customers

annually in advance for its subscription services. Typical payment terms provide that customers pay the amount due within 30 days of the invoice date. Deferred revenue that is anticipated to be recognized during the succeeding twelve-month period is recorded as current deferred revenue and the remaining portion is recorded as non-current. The Company’s contract liabilities are classified as deferred revenue upon the right to invoice or when payments have been received for undelivered products or services.

Accounts Receivable and Allowance for Doubtful Accounts

The Company records a receivable when an unconditional right to consideration exists, such that only the passage of time is required before payment of consideration is due. Timing of revenue recognition may differ from the timing of invoicing to customers. If revenue recognized on a contract exceeds the billings, then the Company records an unbilled receivable for that excess amount, which is included as part of accounts receivable, net in the Company’s consolidated balance sheets.

The Company is exposed to credit losses primarily through the sales of subscriptions and services, which are recorded as accounts receivable, inclusive of unbilled receivables. The Company performs initial and ongoing evaluations of its customers' financial position and generally extends credit without collateral. Accounts receivable are recorded at amortized cost, net of an allowance for doubtful accounts, and do not bear interest.

The allowance for doubtful accounts represents the best estimate of lifetime expected credit losses against the existing accounts receivable, inclusive of unbilled receivables, based on certain factors including past collection experience, credit quality of the customer, current aging of the receivable balance, current economic conditions, reasonable and supportable forecasts, as well as specific circumstances arising with individual customers. Accounts receivable are written off against the allowance for doubtful accounts when management determines a balance is uncollectible and the Company no longer actively pursues collection of the receivable. The Company’s estimates of the allowance for credit losses may not be indicative of the Company’s actual credit losses requiring additional charges to be incurred to reflect the actual amount collected. See also Note 9, Revenue for more information on allowance for doubtful accounts and unbilled receivables.

Convertible Senior Notes

Upon adoption of ASU 2020-06 on February 1, 2021, the Company no longer records the conversion feature of its convertible senior notes in equity. Instead, the Company combined the previously separated equity component with the liability component, which together is now classified as debt, thereby eliminating the subsequent amortization of the debt discount as interest expense. Similarly, the portion of issuance costs previously allocated to equity was reclassified to debt and amortized as interest expense.

The Company is applying the if-converted method when reporting the number of potentially dilutive shares of common stock. Although the required use of the if-converted method will not impact the diluted net loss per share as long as the Company is in a net loss position, the Company is required to include disclosures of all the underlying shares regardless of the average stock price for the reporting period.

The Company’s convertible senior notes are classified as non-current liabilities until the reporting period date is within one year of maturity of the convertible senior notes or when the Company has received a redemption request, but settlement will occur after the reporting period date. Under such circumstances, the carrying amount of the convertible senior notes, net of the associated unamortized debt issuance costs, is classified as a current liability.

Refer to Note 6, Convertible Senior Notes for more information.

Research and Development

Research and development costs are expensed as incurred and consist primarily of personnel costs, including salaries, bonuses and benefits and stock-based compensation. Research and development costs also include amortization associated with acquired finite-lived intangible assets and allocated overhead.

Advertising

Advertising costs are expensed as incurred, or the first time the advertising takes place, based on the nature of the advertising.

Stock-Based Compensation

Compensation expense related to stock-based awards granted to employees and non-employees is calculated based on the fair value of stock-based awards on the date of grant. For restricted stock units, fair value is based on the closing price of the Company’s common stock on the grant date.

For stock options and purchase rights issued to employees under the 2017 Employee Stock Purchase Plan (“2017 ESPP”), the Company determines the grant date fair value using the Black-Scholes option-pricing model. This option-pricing model requires the use of assumptions, which are subjective and generally requires significant judgment to determine. The assumptions for the option-pricing model were determined as follows:

i.Expected Term. The expected term represents the period that stock-based awards are expected to be outstanding. For option grants that are considered to be “plain vanilla,” the Company determines the expected term using the simplified method. The simplified method deems the term to be the average of the time-to-vesting and the contractual life of the options. For purchase rights granted under the 2017 ESPP, the expected term represents the offering period.

ii.Expected Volatility. Since the Company had limited trading history of its common stock, the expected volatility for its stock option grants was derived from the average historical stock volatilities of several unrelated public companies within the Company’s industry that the Company considered to be comparable to its own business over a period equivalent to the expected term of the stock option grants. For purchase rights granted under the 2017 ESPP, the volatility is derived from the historical volatility of the Company’s common stock.

iii.Risk-Free Interest Rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for zero-coupon U.S. Treasury notes with maturities approximately equal to the option’s expected term and 2017 ESPP offering period.

iv.Dividend Rate. The expected dividend is assumed to be zero as the Company has never paid dividends and has no current plans to do so.

The Company’s stock price volatility and expected option life involve management's best estimates, both of which impact the fair value estimated under the Black-Scholes option-pricing model and, ultimately, the expense that will be recognized.

The Company recognizes the related stock-based compensation expense for restricted stock units and stock options on a straight-line basis over the employee’s requisite service period, which is generally four years. The Company has elected to account for forfeitures as they occur. The Company recognizes the stock-based compensation expense related to the 2017 Employee Stock Purchase Plan on a straight-line basis over the offering period.

Net Loss Per Share

The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period, including stock options, restricted stock units and convertible senior notes. Refer to Note 11. Net Loss Per Share for more information.

The Company calculates basic net loss per share by dividing the net loss by the weighted-average number of shares of common stock outstanding during the year, less shares subject to repurchase. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period, including stock options and restricted stock units. Refer to Note 2, Summary of Significant Accounting Policies, for further details on the Company’s methodology for calculating net loss per share.

Basic and diluted net loss per share was the same for each year presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive due to the net loss reported for each year presented.

Segment Information

The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Accordingly, the CODM uses consolidated net loss to make operating decisions, allocate resources and assess performance. The CODM uses consolidated net loss to evaluate cost optimization and allocate resources, including personnel-related and financial or capital resources, in the annual budget and forecasting process, as well as budget-to-actual variances on a monthly basis. Further, the CODM reviews and utilizes functional expenses (cost of revenues, sales and marketing, research and development, and general and administrative) at the consolidated level to manage the Company’s operations. Other segment items included in consolidated net loss are interest income, interest expense, other income (expense), net and the provision for income taxes, which are reflected in the consolidated statements of operations. Geographic information is included in Note 9, “Revenue” for total revenue and long-lived assets.

Income Taxes

The Company follows the asset and liability method of accounting for income taxes. This method requires recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Valuation allowances are established when necessary to reduce the deferred tax assets to the amount the Company believes is more likely than not to be realized.

The Company recognizes the tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that is more likely than not of being realized upon ultimate settlement. The Company recognizes interest and penalties on amounts due to taxing authorities as a component of other income (expense), net.

Related Party Transactions

All contracts with related parties are executed in the ordinary course of business.

Recently Adopted/Issued Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Improvements to Reportable Segment Disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to provide disclosures of significant segment expenses and other segment items. The guidance requires companies to provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually. The Company adopted ASU 2023-07 for its annual financial statements ending January 31, 2025, on a retrospective basis. The adoption of this standard did not have a material financial impact on the Company’s consolidated financial statements.

Recently Issued Accounting Pronouncements

Improvements to Income Tax Disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires companies to disclose additional information about income taxes, primarily their rate reconciliation information and income taxes paid. The new guidance requires companies to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes and to provide more details about the reconciling items in some categories if the items meet a quantitative threshold. Additionally, companies will be required to disclose annually income taxes paid (net of refunds received) disaggregated by federal, state and foreign taxes and to disaggregate the information by jurisdiction based on a quantitative threshold. The guidance is effective for the Company for the fiscal year ending January 31, 2026, and early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-09 on its consolidated financial statements.

Disaggregation—Income Statement Expenses. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosures about specific types of expenses included in the expense captions presented on the Statement of Operations as well as disclosures about selling expenses. The guidance is effective for annual filings for the Company's fiscal year beginning February 1, 2027, and interim filings for the fiscal year beginning February 1, 2028, and can be applied either prospectively or retrospectively, with early adoption permitted. The Company is currently evaluating the impact of ASU 2024-03 on its consolidated financial statements.

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Sep. 27, 2023	Jan. 31, 2025	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 69,679	$ 69,679	$ 69,679	$ 57,779
Amortization of intangible assets			$ 3,300	$ 10,600	$ 9,200
Grainite, Inc.
Acquired Finite-Lived Intangible Assets [Line Items]
Cash consideration for acquisition	$ 15,000
Goodwill	11,900
Developed technology \| Grainite, Inc.
Acquired Finite-Lived Intangible Assets [Line Items]
Business acquisition, finite-lived intangibles	$ 3,100
IP addresses
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase of intangible assets		$ 24,000
Intangible asset, useful life		10 years	10 years

Equity Incentive Plans - Executive Performance Share Awards (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Jan. 31, 2025 USD ($)	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 493,940	$ 456,907	$ 381,454
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Award vesting rights, performance factor	100	80.0	151.0
Total stock-based compensation expense		$ 22,700	$ 24,100
Stock-based compensation, liability		$ 12,800
Expected term (in years)		1 year 9 months
Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	0.00%
Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	200.00%

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Finance lease cost:
Amortization of finance lease right-of-use assets	$ 3,974	$ 3,975	$ 3,974
Interest on finance lease liabilities	2,267	2,590
Operating lease cost	13,319	11,693
Short-term lease cost	5,262	5,465
Variable lease cost	3,814	3,498
Total lease cost	$ 28,636	$ 27,221

Income Taxes - Schedule of Effective Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	$ (27,636)	$ (34,339)	$ (69,983)
State taxes, net of federal benefit	(11,640)	265	66
Impact of foreign income taxes	2,974	17,371	27,892
Foreign branch income included in the United States	(1,283)	1,525	1,353
Stock-based compensation	(328)	(64,721)	(39,669)
Non-deductible expenses	14,987	17,863	1,318
Officer compensation in excess of $1 million	7,651	8,729	7,085
Change in valuation allowance	45,610	100,548	106,156
Research and development credits	(33,746)	(31,596)	(19,395)
Foreign tax credit	0	(3,014)	(3,349)
Foreign withholding tax expense	1,035	522	844
Prior year true ups	131	(47)	(278)
Other	(282)	(22)	104
Provision for (benefit from) income taxes	$ (2,527)	$ 13,084	$ 12,144

Summary of Significant Accounting Policies - Long-Lived Assets, Including Goodwill and Other Acquired Intangible Assets (Details) - USD ($)	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Accounting Policies [Abstract]
Goodwill impairment	$ 0	$ 0	$ 0

Goodwill and Intangible Assets, Net - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Goodwill [Roll Forward]
Balance, beginning of the year	$ 69,679	$ 57,779
Increase in goodwill related to business combinations	0	11,900
Balance, end of the year	$ 69,679	$ 69,679

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Revenue - Unbilled Receivables (Details) - USD ($) $ in Millions	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Unbilled Receivables	$ 22.5	$ 22.7	$ 9.7

Property and Equipment, Net

12 Months Ended

Jan. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):


	January 31, 2025		January 31, 2024
Servers	$	887	$	1,107
Furniture and fixtures	5,320		5,276
Computer and office equipment	7,209		6,623
Purchased software	872		872
Leasehold improvements	41,273		38,677
Website costs	969		969
Construction in process	386		795
Finance lease right-of-use assets	19,540		23,514
Total property and equipment	76,456		77,833
Less: accumulated depreciation and amortization	(30,079)		(24,791)
Property and equipment, net	$	46,377	$	53,042

Depreciation and amortization expense related to property and equipment was $8.3 million, $8.0 million and $6.9 million for the years ended January 31, 2025, 2024 and 2023, respectively. Depreciation and amortization expense excludes amortization with respect to the finance lease right-of-use asset, which is described further in Note 7, Leases.

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 942,513,000	$ 903,663,000	$ 809,000,000
Valuation allowance, increase (decrease)	38,900,000	$ 94,700,000	$ 131,700,000
Unrecognized tax benefits that would impact effective tax rate	1,300,000
Significant change in unrecognized tax benefits within the next twelve months	0
Domestic Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,100,000,000
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,000,000,000.0
Foreign Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	6,900,000
Research Tax Credit Carryforward \| Domestic Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	178,100,000
Research Tax Credit Carryforward \| State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	16,300,000
Charitable Contribution Carryforward \| Domestic Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	600,000
United Kingdom
Operating Loss Carryforwards [Line Items]
Valuation allowance, increase (decrease)	(14,600,000)
United Kingdom \| Foreign Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	52,900,000
Ireland \| Foreign Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 834,300,000

Convertible Senior Notes - Additional Information (Details)		1 Months Ended				2 Months Ended	12 Months Ended
	Dec. 16, 2024	Oct. 31, 2024 day	Jun. 30, 2024 USD ($)	Apr. 30, 2024 USD ($) $ / shares	Jan. 31, 2020 USD ($)	Dec. 31, 2024 USD ($) shares	Jan. 31, 2025 USD ($) $ / shares	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)
Debt Instrument [Line Items]
Proceeds from settlement of capped calls and other					$ 1,100,000,000		$ 170,223,000	$ 0	$ 0
Common stock, par value (in dollars per share) \| $ / shares							$ 0.001
Cash received			$ 170,600,000
Gain on derivative			$ 900,000
Derivative, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]			Other expense, net
Capped Calls
Debt Instrument [Line Items]
Strike price (in dollars per share) \| $ / shares							68.15
Cap price (in dollars per share) \| $ / shares							$ 106.90
2024 Notes \| Capped Calls
Debt Instrument [Line Items]
Purchase of capped calls				$ 169,700,000
Redemption Period 1
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		130.00%
Consecutive threshold trading days \| day		30
Redemption Period 1 \| Minimum
Debt Instrument [Line Items]
Threshold trading days \| day		20
Convertible Debt
Debt Instrument [Line Items]
Percentage of principal amount redeemed	100.00%
Convertible Debt \| Convertible Notes Due 2026
Debt Instrument [Line Items]
Face amount of debt					$ 1,000,000,000.0
Interest rate					0.25%
Convertible debt, conversion ratio		0.004926
Conversion ratio increase		0.01911%
Debt conversion amount						$ 1,100,000,000
Debt conversion (in shares) \| shares						5,662,979
Strike price (in dollars per share) \| $ / shares				$ 211.20
Cap price (in dollars per share) \| $ / shares				$ 296.42
Convertible Debt \| Convertible Notes Due 2026 \| Cash Settlement
Debt Instrument [Line Items]
Debt conversion amount						$ 400,000
Convertible Debt \| Additional Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Face amount of debt					$ 150,000,000.0

Equity Incentive Plans - Schedule of ESPP Valuation Assumptions (Details) - Employee Stock Purchase Plan	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months	6 months
Expected volatility, minimum	57.70%	46.00%	90.00%
Expected volatility, maximum	58.20%	69.00%	92.00%
Risk-free interest rate, minimum	4.30%	5.35%	2.24%
Risk-free interest rate, maximum	5.39%	5.36%	4.68%
Dividend yield (as a percent)	0.00%	0.00%	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 35
-Paragraph 1D
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Revenue:
Total revenue	$ 2,006,443	$ 1,683,011	$ 1,284,040
Cost of revenue:
Total cost of revenue	535,296	424,485	349,304
Gross profit	1,471,147	1,258,526	934,736
Operating expenses:
Sales and marketing	871,148	782,760	699,201
Research and development	596,837	515,940	421,692
General and administrative	219,226	193,558	160,498
Total operating expenses	1,687,211	1,492,258	1,281,391
Loss from operations	(216,064)	(233,732)	(346,655)
Other income (expense):
Interest income	95,687	80,238	24,948
Interest expense	(8,092)	(9,387)	(9,797)
Other expense, net	(3,130)	(635)	(1,750)
Loss before provision for (benefit from) income taxes	(131,599)	(163,516)	(333,254)
Provision for income taxes	(2,527)	13,084	12,144
Net loss	$ (129,072)	$ (176,600)	$ (345,398)
Net loss per share, diluted (in dollars per share)	$ (1.73)	$ (2.48)	$ (5.03)
Net loss per share, basic (in dollars per share)	$ (1.73)	$ (2.48)	$ (5.03)
Weighted-average shares used to compute net loss per share, diluted (in shares)	74,555,001	71,248,982	68,628,267
Weighted-average shares used to compute net loss per share, basic (in shares)	74,555,001	71,248,982	68,628,267
Subscription
Revenue:
Total revenue	$ 1,943,864	$ 1,627,326	$ 1,235,122
Cost of revenue:
Total cost of revenue	441,404	345,233	284,583
Services
Revenue:
Total revenue	62,579	55,685	48,918
Cost of revenue:
Total cost of revenue	$ 93,892	$ 79,252	$ 64,721

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 8.3	$ 8.0	$ 6.9

Summary of Significant Accounting Policies - Non-Marketable Securities (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Non-marketable Securities
Variable Interest Entity [Line Items]
Payments to acquire non-marketable securities	$ 11.3	$ 2.1

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Goodwill and Intangible Assets, Net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 80,386	$ 56,400
Accumulated Amortization	(55,789)	(52,443)
Net Book Value	24,597	3,957
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	41,200	41,200
Accumulated Amortization	(40,407)	(37,328)
Net Book Value	$ 793	$ 3,872
Weighted average useful life	1 year 2 months 12 days	1 year
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 15,200	$ 15,200
Accumulated Amortization	(15,200)	(15,115)
Net Book Value	0	$ 85
Weighted average useful life		3 months 18 days
IP addresses
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	23,986
Accumulated Amortization	(182)
Net Book Value	$ 23,804
Weighted average useful life	9 years 10 months 24 days

Leases - Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$ 2,267	$ 2,590
Operating cash flows from operating leases	14,185	12,336
Financing cash flows from finance lease	6,179	5,483	$ 4,510
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 8,974	$ 5,537
Weighted-average remaining lease term (in years):
Finance lease	4 years 10 months 24 days	5 years 10 months 24 days
Operating leases	4 years 7 months 6 days	5 years 4 months 24 days
Weighted-average discount rate:
Finance lease	5.60%	5.60%
Operating leases	5.20%	5.70%

Equity Incentive Plans - 2016 China Stock Appreciation Rights Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 493,940	$ 456,907	$ 381,454
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	4 years
Vested (in shares)	231	619	1,141
Stock-based compensation expense	$ 1,600	$ 3,300	$ 2,500
Stock-based compensation, liability	3,100	$ 5,800
Cash paid for exercise of SARs	$ 900
SARs exercised (in shares)	3,354
SAR outstanding (in shares)	11,744,000,000
One Year Anniversary \| Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Vesting rights percentage	25.00%
25 to 36 Months \| Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	36 months

Summary of Significant Accounting Policies - Marketable Securities (Details) - USD ($)	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Accounting Policies [Abstract]
Impairement charge	$ 0	$ 0	$ 0

Equity Incentive Plans - Stock Options and Restricted Stock Units, Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value	$ 89.7	$ 308.0	$ 211.1
Stock options vested, fair value	0.0	$ 0.0	$ 0.0
Share-based compensation cost not yet recognized	0.0
Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount	$ 7.6
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0	0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount	$ 967.3
Share-based compensation, period for recognition	2 years 8 months 8 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Audit Information	12 Months Ended
Audit Information	Jan. 31, 2025
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Francisco, California
Auditor Firm ID	238

Equity Incentive Plans - Stock-based Compensation Expense Recognized in Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 493,940	$ 456,907	$ 381,454
Cost of revenue—subscription
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	29,548	23,677	19,682
Cost of revenue—services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	13,917	12,733	10,565
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	161,317	159,907	143,073
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	226,367	198,927	159,099
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 62,791	$ 61,663	$ 49,035

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from the Computation of Diluted Net loss per share (Details) - shares	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	4,465,961	11,134,692	11,546,146
Stock options to purchase common stock \| Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	281,239	428,408	571,680
Stock options to purchase common stock \| Class B Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	286,186	884,057	1,599,415
Unvested restricted stock units and ESPP obligations
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,752,252	4,162,660	3,860,345
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	146,284	214,565	69,667
Shares underlying the conversion option of the 2026 Notes \| Convertible Notes Due 2026
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	5,445,002	5,445,039

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Current assets:
Allowance for doubtful accounts	$ (8,888)	$ (8,054)
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001
Treasury stock, shares (in shares)	99,371	99,371
Treasury stock acquired, cost per share (in dollars per share)	$ 13.27	$ 13.27
Class A Common Stock
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	80,558,847	72,840,692
Common stock, shares outstanding (in shares)	80,467,811	72,741,321

Summary of Significant Accounting Policies - Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Accounting Policies [Abstract]
Advertising costs	$ 30.8	$ 29.7	$ 18.7

Revenue (Tables)

12 Months Ended

Jan. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following table presents the Company’s revenues disaggregated by primary geographical markets, subscription product categories and services (in thousands):


	Years Ended January 31,
	2025		2024		2023
Primary geographical markets:
Americas	$	1,213,061	$	1,016,324	$	781,763
EMEA	553,090		469,082		361,566
Asia Pacific	240,292		197,605		140,711
Total	$	2,006,443	$	1,683,011	$	1,284,040

Subscription product categories and services:
MongoDB Atlas-related	$	1,405,184	$	1,105,351	$	808,263
Other subscription	538,680		521,975		426,859
Services	62,579		55,685		48,918
Total	$	2,006,443	$	1,683,011	$	1,284,040

Changes in allowance for doubtful accounts

The following is a summary of the changes in the Company’s allowance for doubtful accounts (in thousands):


	Allowance for Doubtful Accounts



Balance at January 31, 2022	$	4,966
Provision	5,595
Recoveries/write-offs	(4,199)
Balance at January 31, 2023	6,362
Provision	8,520
Recoveries/write-offs	(6,828)
Balance at January 31, 2024	8,054
Provision	9,404
Recoveries/write-offs	(8,570)
Balance at January 31, 2025	$	8,888

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

Use of Estimates

Foreign Currency

Comprehensive Loss

The Company’s comprehensive loss includes net loss, unrealized gains and losses on available-for-sale debt securities and foreign currency translation adjustments.

Cash and Cash Equivalents

Marketable Securities

The Company considers all of its marketable securities as available for use in current operations, including those with maturity dates beyond one year, and therefore classifies these securities within current assets on the consolidated balance sheets. The Company determines the appropriate classification of its short-term investments at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its short-term investments as available-for-sale debt securities as the Company may sell these securities at any time for use in its current operations or for other purposes, even prior to maturity.

For the years ended January 31, 2025, 2024 and 2023, the Company did not record any impairment charges for its marketable debt securities in its consolidated statements of operations.

Restricted Cash

The Company pledged $2.6 million and $0.7 million of collateral as of January 31, 2025 and 2024, respectively, for its lease related letters of credit. Restricted cash balances have been excluded from the Company’s cash and cash equivalents balance and are included in other assets on the consolidated balance sheets.

Non-marketable Securities

Fair Value of Financial Instruments

•Level 1: Observable inputs, such as quoted prices (unadjusted) in active markets for identical assets or liabilities at the measurement date.

•Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Concentration of Credit Risk

As of January 31, 2025 and 2024, no customer represented 10% or more of net accounts receivable. For the years ended January 31, 2025, 2024 and 2023, no customer represented 10% or more of revenue.

Software Development Costs

Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:


Property and Equipment						Estimated Useful Life
Computer and office equipment						Two to three years
Purchased software						Two years
Servers						Three years
Furniture and fixtures						Five years
Website costs						Three years
Leasehold improvements						Lesser of estimated useful life or remaining lease term

Business Combinations

Leases

and (iii) certain tenant incentives under the lease. The Company evaluates the recoverability of the right-of-use assets for possible impairment in accordance with the long-lived assets policy.

Impairment of Long-Lived Assets

Goodwill and Intangible Assets

Revenue Recognition

Subscription Revenue

PCS includes unspecified updates, as well as support and maintenance. Revenue from PCS is recognized ratably over the contract duration.

Services Revenue

The Company’s services contracts are generally provisioned on a time-and-materials basis. Revenue is recognized as the services are performed.

Contracts with Multiple Performance Obligations

Cost of Revenue

Cost of Subscription Revenue

Cost of Services Revenue

Deferred Commissions

Deferred Revenue

Accounts Receivable and Allowance for Doubtful Accounts

Convertible Senior Notes

Refer to Note 6, Convertible Senior Notes for more information.

Research and Development

Advertising

Advertising costs are expensed as incurred, or the first time the advertising takes place, based on the nature of the advertising. Advertising costs were $30.8 million, $29.7 million and $18.7 million for the years ended January 31, 2025, 2024 and 2023, respectively. Advertising costs are recorded in sales and marketing expenses in the consolidated statements of operations.

Stock-Based Compensation

iv.Dividend Rate. The expected dividend is assumed to be zero as the Company has never paid dividends and has no current plans to do so.

Net Loss Per Share

Segment Information

Income Taxes

Related Party Transactions

All contracts with related parties are executed in the ordinary course of business. There were no material related party transactions in the years ended January 31, 2025, 2024 and 2023. As of January 31, 2025 and 2024, there were no material amounts payable to or amounts receivable from related parties.

Recently Adopted Accounting Pronouncements

Recently Issued Accounting Pronouncements

Organization and Description of Business	12 Months Ended
Organization and Description of Business	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business MongoDB, Inc. (“MongoDB” or the “Company”) was originally incorporated in the state of Delaware in November 2007 under the name 10Gen, Inc. In August 2013, the Company changed its name to MongoDB, Inc. The Company is headquartered in New York City. MongoDB is the developer data platform company. The foundation of the Company’s offering is the leading, modern general purpose database, which is built on a unique document-based architecture. Organizations can deploy the Company’s database at scale in the cloud, on-premises, or in a hybrid environment. The Company’s robust platform enables developers to build and modernize applications rapidly and cost-effectively across a broad range of use cases. In addition to selling subscriptions to its software, the Company provides post-contract support, training and consulting services for its offerings. The Company’s fiscal year ends on January 31.

Leases - Lease Maturities (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Finance Lease
2026	$ 8,711
2027	8,711
2028	8,711
2029	8,711
2030	7,985
Thereafter	0
Total minimum payments	42,829
Less imputed interest	(5,318)
Present value of future minimum lease payments	37,511
Less current obligations under leases	(6,814)	$ (6,179)
Non-current lease obligations	30,697	37,511
Operating Leases
2026	11,851
2027	8,906
2028	6,768
2029	6,113
2030	3,797
Thereafter	4,757
Total minimum payments	42,192
Less imputed interest	(5,692)
Present value of future minimum lease payments	36,500
Less current obligations under leases	(9,126)	(9,797)
Operating lease liabilities	$ 27,374	$ 30,918

Revenue

12 Months Ended

Jan. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Disaggregation of Revenue

The Company believes that the nature, amount, timing and uncertainty of its revenue and cash flows and how they are affected by economic factors is most appropriately depicted through the Company’s primary geographical markets and subscription product categories. The Company’s primary geographical markets are North and South America (“Americas”); Europe, Middle East and Africa (“EMEA”); and Asia Pacific. The Company also disaggregates its subscription products between its MongoDB Atlas-related offerings and other subscription products, which include MongoDB Enterprise Advanced.

The following table presents the Company’s revenues disaggregated by primary geographical markets, subscription product categories and services (in thousands):


	Years Ended January 31,
	2025		2024		2023
Primary geographical markets:
Americas	$	1,213,061	$	1,016,324	$	781,763
EMEA	553,090		469,082		361,566
Asia Pacific	240,292		197,605		140,711
Total	$	2,006,443	$	1,683,011	$	1,284,040

Subscription product categories and services:
MongoDB Atlas-related	$	1,405,184	$	1,105,351	$	808,263
Other subscription	538,680		521,975		426,859
Services	62,579		55,685		48,918
Total	$	2,006,443	$	1,683,011	$	1,284,040

Customers located in the United States accounted for 54% of total revenue for each of the years ended January 31, 2025 and 2024 and 55% for the year ended January 31, 2023. No other country accounted for 10% or more of revenue for the periods presented.

Long-lived assets located in the United States accounted for 87% of total long-lived assets for each of the years ended January 31, 2025 and 2024. No other country accounted for 10% or more of long-lived assets for the periods presented.

Contract Liabilities

The Company’s contract liabilities are recorded as deferred revenue in the Company’s consolidated balance sheets and consist of customer invoices issued or payments received in advance of revenues being recognized from the Company’s subscription and services contracts. Deferred revenue, including current and non-current balances as of January 31, 2025, 2024 and 2023 was $359.8 million, $377.4 million and $460.3 million, respectively. Approximately 18% and 25% of the total revenue recognized in the years ended January 31, 2025 and 2024 was from deferred revenue at the beginning of each respective period.

Remaining Performance Obligations

Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period. As of January 31, 2025, the aggregate transaction price allocated to remaining performance obligations was $748.0 million. Approximately 59% is expected to be recognized as revenue over the next 12 months 37% in 13 to 36 months and the remainder thereafter. The Company applies the practical expedient to omit disclosure with respect to the amount of the transaction price allocated to remaining performance obligations if the related contract has a total duration of 12 months or less.

Unbilled Receivables

Revenue recognized in excess of invoiced amounts creates an unbilled receivable, which represents the Company’s unconditional right to consideration in exchange for goods or services that the Company has transferred to the customer. Unbilled receivables are recorded as part of accounts receivable, net in the Company’s consolidated balance sheets. As of January 31, 2025, 2024 and 2023, unbilled receivables were $22.5 million, $22.7 million and $9.7 million, respectively.

Allowance for Doubtful Accounts

The Company considers expectations of forward-looking losses, in addition to historical loss rates, to estimate its allowance for doubtful accounts on its accounts receivable. The following is a summary of the changes in the Company’s allowance for doubtful accounts (in thousands):


	Allowance for Doubtful Accounts



Balance at January 31, 2022	$	4,966
Provision	5,595
Recoveries/write-offs	(4,199)
Balance at January 31, 2023	6,362
Provision	8,520
Recoveries/write-offs	(6,828)
Balance at January 31, 2024	8,054
Provision	9,404
Recoveries/write-offs	(8,570)
Balance at January 31, 2025	$	8,888

Costs Capitalized to Obtain Contracts with Customers

Deferred commissions were $363.4 million and $294.2 million as of January 31, 2025 and 2024, respectively, of which $250.7 million and $201.7 million comprised the non-current portion and was included in other assets on the Company’s consolidated balance sheets as of January 31, 2025 and 2024, respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s consolidated statements of operations, was $112.6 million, $99.5 million and $79.6 million for years ended January 31, 2025, 2024 and 2023, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
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-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Equity Incentive Plans - 2017 Employee Stock Purchase Plan (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 29, 2024	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance, period increase (in shares)	3,600,000
Stock-based compensation expense		$ 493,940	$ 456,907	$ 381,454
Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount		$ 7,600
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum employee contribution rate		15.00%
Duration of separate offering periods		6 months
Purchase price of common stock, as a percent		85.00%
Shares available for issuance, period increase (in shares)	727,413
Reserved for future issuance (in shares)		4,072,704
Shares issued (in shares)		188,155	167,574	149,352
Stock-based compensation expense		$ 14,500	$ 16,400	$ 13,700

Net Loss Per Share

12 Months Ended

Jan. 31, 2025

Earnings Per Share [Abstract]

Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):


	Years Ended January 31,
	2025		2024		2023
Numerator:
Net loss	$	(129,072)	$	(176,600)	$	(345,398)
Denominator:
Weighted-average shares used to compute net loss per share, basic and diluted	74,555,001		71,248,982		68,628,267

Net loss per share, basic and diluted	$	(1.73)	$	(2.48)	$	(5.03)

In connection with the issuance of the 2024 Notes and 2026 Notes, the Company entered into Capped Calls, which were not included for the purpose of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls were expected to partially offset the potential dilution to the Company’s common stock upon any conversion of the 2026 Notes. During the three months ended April 30, 2024, the Company elected a settlement in cash, as opposed to the Company’s common stock, of the Capped Calls associated with 2024 Notes. In June 2024 the related derivative was settled and the Capped Calls associated with the 2024 Notes were successfully unwound, refer to Note 6. Convertible Senior Notes for more information.


	Years Ended January 31,
	2025	2024	2023
Stock options pursuant to the 2016 Equity Incentive Plan	281,239	428,408	571,680
Stock options pursuant to the 2008 Stock Incentive Plan	286,186	884,057	1,599,415
Unvested restricted stock units and ESPP obligations	3,752,252	4,162,660	3,860,345
Unvested executive PSUs	146,284	214,565	69,667
Shares underlying the conversion option of the 2026 Notes	—	5,445,002	5,445,039
Total	4,465,961	11,134,692	11,546,146

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Cash flows from operating activities
Net loss	$ (129,072)	$ (176,600)	$ (345,398)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	11,751	18,939	16,110
Stock-based compensation	493,940	456,907	381,454
Amortization of debt discount and issuance costs	2,419	3,393	3,375
Amortization of finance right-of-use assets	3,974	3,975	3,974
Amortization of operating right-of-use assets	11,248	9,211	9,098
Deferred income taxes	(16,794)	(1,574)	(562)
Amortization of premium and accretion of discount on short-term investments, net	(25,059)	(44,556)	(5,954)
Realized and unrealized gain on financial instruments, net	(937)	(1,044)	(1,857)
Unrealized foreign exchange loss (gain)	(964)	1,802	1,260
Change in operating assets and liabilities:
Accounts receivable, net	(69,236)	(41,639)	(91,450)
Prepaid expenses and other current assets	(24,813)	(12,208)	2,315
Deferred commissions	(69,127)	(41,830)	(49,077)
Other long-term assets	(30,677)	(211)	(99)
Accounts payable	541	1,679	3,163
Accrued liabilities	25,254	39,502	(16,189)
Operating lease liabilities	(12,076)	(9,878)	(9,692)
Deferred revenue	(16,362)	(82,411)	85,759
Other liabilities, non-current	(3,819)	(1,980)	800
Net cash provided by (used in) operating activities	150,191	121,477	(12,970)
Cash flows from investing activities
Purchases of property, equipment and other assets	(29,550)	(6,074)	(7,244)
Investments in non-marketable securities	(11,250)	(2,056)	(3,098)
Business combinations, net of cash acquired	0	(15,000)	0
Proceeds from the sales of marketable securities	44,984	0	0
Proceeds from maturities of marketable securities	752,600	1,445,000	1,425,000
Purchases of marketable securities	(1,414,224)	(1,233,851)	(1,447,966)
Net cash provided by (used in) investing activities	(657,440)	188,019	(33,308)
Cash flows from financing activities
Proceeds from settlement of capped calls and other	170,223	0	0
Proceeds from exercise of stock options, including early exercised stock options	1,968	6,810	5,707
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan	36,048	36,914	29,003
Principal payments of finance leases	(6,179)	(5,483)	(4,510)
Net cash provided by financing activities	202,060	38,241	30,200
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(5,701)	(433)	(2,003)
Net increase (decrease) in cash, cash equivalents and restricted cash	(310,890)	347,304	(18,081)
Cash, cash equivalents and restricted cash, beginning of year	803,643	456,339	474,420
Cash, cash equivalents and restricted cash, end of year	492,753	803,643	456,339
Cash paid during the period for:
Income taxes, net of refunds	14,976	11,991	11,164
Interest expense	3,705	5,471	5,837
Non-cash investing and financing activities:
Common stock issued for conversion of convertible notes	1,145,326	0	0
Purchases of property and equipment included in accounts payable and accrued liabilities	$ 1,620	$ 1,115	$ 366

Leases - Balance Sheet Components (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Finance Lease:
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property and equipment, net	Property and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities	Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Property and equipment, net	$ 19,540	$ 23,514
Other accrued liabilities (current)	6,814	6,179
Other liabilities, non-current	30,697	37,511
Operating Leases:
Operating lease right-of-use assets	34,607	37,365
Operating lease liabilities (current)	9,126	9,797
Operating lease liabilities, non-current	$ 27,374	$ 30,918

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings [Member]
Common stock, beginning balance (in shares) at Jan. 31, 2022		67,444,360
Beginning balance at Jan. 31, 2022	$ 666,700	$ 67	$ 1,860,514	$ (1,319)	$ (2,928)	$ (1,189,634)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)		801,272
Stock option exercises	5,708	$ 1	5,707
Vesting of restricted stock units (in shares)		1,511,529
Vesting of restricted stock units	2	$ 2
Stock-based compensation	381,454		381,454
Issuance of common stock under the Employee Stock Purchase Plan (in shares)		149,352
Issuance of common stock under the Employee Stock Purchase Plan	29,003		29,003
Conversion of redeemable convertible preferred stock to common stock (in shares)		73
Conversion of convertible senior notes	16		16
Unrealized gain (loss) on available-for-sale securities	969				969
Foreign currency translation adjustment	1,054				1,054
Net loss	(345,398)					(345,398)
Common stock, ending balance (in shares) at Jan. 31, 2023		69,906,586
Ending balance at Jan. 31, 2023	$ 739,508	$ 70	2,276,694	(1,319)	(905)	(1,535,032)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)	953,643	953,643
Stock option exercises	$ 6,808	$ 1	6,807
Vesting of restricted stock units (in shares)		1,690,527
Vesting of restricted stock units	2	$ 2
Vesting of performance stock units (in shares)		22,991
Stock-based compensation	456,907		456,907
Issuance of common stock under the Employee Stock Purchase Plan (in shares)		167,574
Issuance of common stock under the Employee Stock Purchase Plan	36,914		36,914
Unrealized gain (loss) on available-for-sale securities	4,652				4,652
Foreign currency translation adjustment	798				798
Net loss	(176,600)					(176,600)
Common stock, ending balance (in shares) at Jan. 31, 2024		72,741,321
Ending balance at Jan. 31, 2024	$ 1,068,989	$ 73	2,777,322	(1,319)	4,545	(1,711,632)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)	267,931	267,931
Stock option exercises	$ 2,026		2,026
Vesting of restricted stock units (in shares)		1,529,981
Vesting of restricted stock units	1	$ 1
Vesting of performance stock units (in shares)		77,444
Stock-based compensation	493,940		493,940
Issuance of common stock under the Employee Stock Purchase Plan (in shares)		188,155
Issuance of common stock under the Employee Stock Purchase Plan	36,047		36,047
Conversion of redeemable convertible preferred stock to common stock (in shares)		5,662,979
Conversion of convertible senior notes	1,145,324	$ 4	1,145,320
Unrealized gain (loss) on available-for-sale securities	(690)				(690)
Foreign currency translation adjustment	(4,779)				(4,779)
Reclassification of derivative related to the Capped Call associated with the 2024 Notes	169,692		169,692
Other	746		746
Net loss	(129,072)					(129,072)
Common stock, ending balance (in shares) at Jan. 31, 2025		80,467,811
Ending balance at Jan. 31, 2025	$ 2,782,224	$ 78	$ 4,625,093	$ (1,319)	$ (924)	$ (1,840,704)

Revenue - Remaining Performance Obligations (Details) $ in Millions	Jan. 31, 2025 USD ($)
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	$ 748.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	59.00%
Performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	37.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 \| Minimum
Disaggregation of Revenue [Line Items]
Performance obligation, expected timing of satisfaction, period	13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 \| Maximum
Disaggregation of Revenue [Line Items]
Performance obligation, expected timing of satisfaction, period	36 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Leases (Tables)

12 Months Ended

Jan. 31, 2025

Leases [Abstract]

Lease Costs and Supplemental Information

The components of the Company’s lease costs included in its consolidated statements of operations were as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance lease cost:
Amortization of finance lease right-of-use assets	$	3,974	$	3,975
Interest on finance lease liabilities	2,267		2,590
Operating lease cost	13,319		11,693
Short-term lease cost	5,262		5,465
Variable lease cost	3,814		3,498
Total lease cost	$	28,636	$	27,221

The following table presents supplemental information related to the Company’s finance and operating leases (in thousands, except weighted-average information):


	Years Ended January 31,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	2,267		$	2,590
Operating cash flows from operating leases	14,185			12,336
Financing cash flows from finance lease	6,179			5,483
Right-of-use assets obtained in exchange for lease obligations:

Operating leases	8,974			5,537
Weighted-average remaining lease term (in years):
Finance lease	4.9			5.9
Operating leases	4.6			5.4
Weighted-average discount rate:
Finance lease	5.6		%	5.6		%
Operating leases	5.2		%	5.7		%

Balance Sheet Components

The balances of the Company’s finance and operating leases were recorded on the consolidated balance sheets as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance Lease:
Property and equipment, net	$	19,540	$	23,514
Other accrued liabilities (current)	6,814		6,179
Other liabilities, non-current	30,697		37,511
Operating Leases:
Operating lease right-of-use assets	$	34,607	$	37,365
Operating lease liabilities (current)	9,126		9,797
Operating lease liabilities, non-current	27,374		30,918

Maturities of Lease Liabilities

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2025 were as follows (in thousands):


Year Ending January 31,	Finance Lease		Operating Leases
2026	$	8,711	$	11,851
2027	8,711		8,906
2028	8,711		6,768
2029	8,711		6,113
2030	7,985		3,797
Thereafter	—		4,757
Total minimum payments	42,829		42,192
Less imputed interest	(5,318)		(5,692)
Present value of future minimum lease payments	37,511		36,500
Less current obligations under leases	(6,814)		(9,126)
Non-current lease obligations	$	30,697	$	27,374

Finance Lease, Liability, Maturity

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2025 were as follows (in thousands):


Year Ending January 31,	Finance Lease		Operating Leases
2026	$	8,711	$	11,851
2027	8,711		8,906
2028	8,711		6,768
2029	8,711		6,113
2030	7,985		3,797
Thereafter	—		4,757
Total minimum payments	42,829		42,192
Less imputed interest	(5,318)		(5,692)
Present value of future minimum lease payments	37,511		36,500
Less current obligations under leases	(6,814)		(9,126)
Non-current lease obligations	$	30,697	$	27,374

Convertible Senior Notes (Tables)

12 Months Ended

Jan. 31, 2025

Debt Disclosure [Abstract]

Convertible debt schedules

The net carrying amounts of the Company’s 2026 Notes (as defined herein) were as follows for the periods presented (in thousands):


	Years Ended January 31,
	2025 (1)		2024
Principal	$	—	$	1,149,972

Unamortized debt issuance costs	—		(6,699)
Net carrying amount	$	—	$	1,143,273

(1) The aggregate principal amount outstanding of the 2026 Notes was redeemed by the Company in December 2024.

Interest expense related to Notes

The following table sets forth the interest expense related to the 2026 Notes for the periods presented (in thousands):


	January 31, 2025		January 31, 2024		January 31, 2023
	2026 Notes (1)		2026 Notes		2026 Notes
Contractual interest expense	$	1,318	$	2,875	$	2,859

Amortization of issuance costs	2,419		3,393		3,375
Total	$	3,737	$	6,268	$	6,234

(1) The aggregate principal amount outstanding of the 2026 Notes was redeemed by the Company in December 2024.

Commitments and Contingencies

12 Months Ended

Jan. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The following table includes certain non-cancelable agreements primarily for subscription, marketing services and cloud infrastructure capacity commitments entered into by the Company (in thousands):


Year Ending January 31,	Other Obligations
2026	$	379,846
2027	281,303
2028	279,157
2029	5,000
2030	—
Thereafter	—
Total minimum payments	$	945,306

Refer to Note 7, Leases, for further details on obligations under non-cancelable finance and operating leases, including future minimum lease payments. During the year ended January 31, 2025, there have been no material changes outside the ordinary course of business to the Company’s contractual obligations and commitments.

Legal Matters

The Company investigates all claims, litigation and other legal matters as they arise. From time to time, the Company has become involved in claims, litigation and other legal matters arising in the ordinary course of business, including intellectual property, labor and employment and breach of contract claims. For example, on July 9, 2024, a putative class action lawsuit, captioned Baxter v. MongoDB, Inc., et al., was filed in the United States District Court for the Southern District of New York against MongoDB, CEO Dev Ittycheria, and COO and CFO Michael Gordon. On January 27, 2025, the lead plaintiff in the lawsuit (the “Securities Action”) filed an Amended Complaint naming former Senior Vice President of Finance and current Interim CFO Srdjan Tanjga as an additional defendant. The operative complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act, and alleges that defendants made material misstatements and/or omissions, including regarding MongoDB’s sales strategy and its financial results. The complaint is purportedly brought on behalf of a putative class of persons who purchased or otherwise acquired MongoDB common stock between June 1, 2023 and May 30, 2024. It seeks unspecified monetary damages, costs and attorneys’ fees, and other unspecified relief. The Company is unable to estimate any reasonably possible loss, or range of loss, with respect to these matters at this time. The Company intends to vigorously defend itself in this matter.

On October 7, 2024, a purported shareholder derivative lawsuit was filed in the U.S. District Court for the Southern District of New York, Case. No. 1:24-cv-07594, against the Company, as nominal defendant, and CEO Dev Ittycheria, COO and CFO Michael Gordon, and several of the Company’s current and former directors. The case is captioned Roy v. Ittycheria et al. The lawsuit alleges that the individual defendants breached their fiduciary duties and committed other alleged misconduct in connection with the statements at issue in the Securities Action and by causing the Company to issue allegedly false and misleading statements to investors. Another similar case was subsequently filed in the same district and has been consolidated with the Roy action with the caption In re MongoDB, Inc. Shareholder Litigation (the “Derivative Litigation”). The Derivative Litigation is at an early stage and has been stayed, pending the outcome of the Court's decision on the defendants’ anticipated motion to dismiss the Securities Action.

Although claims and litigation are inherently unpredictable, as of January 31, 2025, other than as disclosed above, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together have a material adverse effect on its business, financial position, results of operations or cash flows. The Company accrues estimates for resolution of legal and other contingencies when losses are probable and estimable. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors.

Indemnification

The Company enters into indemnification provisions under its agreements with other companies in the ordinary course of business, including business partners, landlords, contractors and parties performing its research and development. Pursuant to these arrangements, the Company agrees to indemnify, hold harmless and reimburse the indemnified party for certain losses suffered or incurred by the indemnified party as a result of the Company’s activities. The terms of these

indemnification agreements are generally perpetual. The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable. To date, the Company has not incurred material costs as a result of such commitments. The Company maintains commercial general liability insurance and product liability insurance to offset certain of the Company’s potential liabilities under these indemnification provisions.

The Company has entered into indemnification agreements with each of its directors and executive officers. These agreements require the Company to indemnify such individuals, to the fullest extent permitted by Delaware law, for certain liabilities to which they may become subject as a result of their affiliation with the Company.

Leases - Narrative (Details)	Jan. 31, 2025
Minimum
Lessee, Lease, Description [Line Items]
Lessee, lease, term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lessee, lease, term of contract	12 years

Convertible Senior Notes - Schedule of Net Carrying Amount of the Liability Component of the Notes (Details) - Convertible Notes Due 2026 - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024
Debt Instrument [Line Items]
Principal	$ 0	$ 1,149,972
Unamortized debt issuance costs	0	(6,699)
Net carrying amount	$ 0	$ 1,143,273

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Subsequent Events (Notes)	12 Months Ended
Subsequent Events (Notes)	Jan. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 17, 2025, the Company acquired all outstanding shares of Voyage AI Innovations, Inc. (“Voyage AI”), an AI-powered software company that specializes in embedding and reranking models, in exchange for total consideration of approximately $220 million consisting of cash and stock, subject to customary adjustments. Integrating Voyage AI’s technology with MongoDB is expected to enable organizations to build reliable, AI-powered applications. The Company is in the process of finalizing the accounting for this transaction and expects to complete the preliminary purchase price allocation in the first quarter of fiscal year 2026. On February 27, 2025, the Company’s Board of Directors authorized a program to repurchase up to $200 million of the Company’s common stock (the “Share Repurchase Program”). Repurchases under the Share Repurchase Program may be effected through open market purchases, privately-negotiated transactions, or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions and alternate uses of capital. The current authorization may be suspended or discontinued at any time and does not have a specified expiration date.

Fair Value Measurements - Marketable Securities (Details) - U.S. government treasury securities - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost, due withen one year	$ 968,748	$ 520,006
Amortized cost, due after one year and withen three years	876,154	690,211
Amortized cost, total	1,844,902	1,210,217
Unrealized loss, due withen one year	(944)	543
Unrealized loss, due after one year and withen three years	(598)	(2,774)
Unrealized loss, total	1,542	2,231
Due within one year	969,692	519,463
Due after one year and within three years	876,752	692,985
Total short-term investments	$ 1,846,444	$ 1,212,448

Equity Incentive Plans - Schedule of Award Activity (Details) - $ / shares	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Restricted Stock Units (RSUs)
Shares
Beginning of period (in shares)	3,566,406	3,480,206
Granted (in shares)	2,007,277	2,272,014
RSUs vested (in shares)	(1,529,981)	(1,690,527)
Forfeited and canceled (in shares)	(510,195)	(495,287)
End of period (in shares)	3,533,507	3,566,406
Weighted-Average Grant Date Fair Value per RSU
Beginning of period (in dollars per share)	$ 290.59	$ 288.58
Granted (in dollars per share)	303.06	267.56
Vested (in dollars per share)	302.08	254.02
Forfeited and canceled (in dollars per share)	299.39	295.61
End of period (in dollars per share)	$ 291.43	$ 290.59
Performance Shares
Shares
Beginning of period (in shares)	156,557	70,728
Granted (in shares)	66,309	127,792
RSUs vested (in shares)	(77,444)	(22,991)
Adjustment for performance achievement (in shares)	19,143	(315)
Forfeited and canceled (in shares)	(18,281)	(18,657)
End of period (in shares)	146,284	156,557
Weighted-Average Grant Date Fair Value per RSU
Beginning of period (in dollars per share)	$ 244.06	$ 316.49
Granted (in dollars per share)	355.50	216.79
Vested (in dollars per share)	243.53	316.49
Adjustment for performance achievement (in dollars per share)	216.79	316.49
Forfeited and canceled (in dollars per share)	273.83	238.67
End of period (in dollars per share)	$ 287.57	$ 244.06

CONSOLIDATED STATEMENTS OF CASH FLOWS - Reconciliation - USD ($) $ in Thousands	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheets to the amounts shown in the statements of cash flows above:
Cash and cash equivalents	$ 490,133	$ 802,959	$ 455,826
Restricted cash, non-current	2,620	684	513
Total cash, cash equivalents and restricted cash	$ 492,753	$ 803,643	$ 456,339

Leases

12 Months Ended

Jan. 31, 2025

Leases [Abstract]

Leases

The Company has entered into non-cancelable operating and finance lease agreements, principally real estate for office space globally. The Company may receive renewal or expansion options, leasehold improvement allowances or other incentives on certain lease agreements. Lease terms range from one to 12 years and may include renewal options, which the company deems reasonably certain to be renewed. The exercise of the lease renewal option is at the Company's discretion.

Lease Costs

The components of the Company’s lease costs included in its consolidated statements of operations were as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance lease cost:
Amortization of finance lease right-of-use assets	$	3,974	$	3,975
Interest on finance lease liabilities	2,267		2,590
Operating lease cost	13,319		11,693
Short-term lease cost	5,262		5,465
Variable lease cost	3,814		3,498
Total lease cost	$	28,636	$	27,221

Balance Sheet Components

The balances of the Company’s finance and operating leases were recorded on the consolidated balance sheets as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance Lease:
Property and equipment, net	$	19,540	$	23,514
Other accrued liabilities (current)	6,814		6,179
Other liabilities, non-current	30,697		37,511
Operating Leases:
Operating lease right-of-use assets	$	34,607	$	37,365
Operating lease liabilities (current)	9,126		9,797
Operating lease liabilities, non-current	27,374		30,918

Supplemental Information

The following table presents supplemental information related to the Company’s finance and operating leases (in thousands, except weighted-average information):


	Years Ended January 31,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	2,267		$	2,590
Operating cash flows from operating leases	14,185			12,336
Financing cash flows from finance lease	6,179			5,483
Right-of-use assets obtained in exchange for lease obligations:

Operating leases	8,974			5,537
Weighted-average remaining lease term (in years):
Finance lease	4.9			5.9
Operating leases	4.6			5.4
Weighted-average discount rate:
Finance lease	5.6		%	5.6		%
Operating leases	5.2		%	5.7		%

Maturities of Lease Liabilities

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2025 were as follows (in thousands):


Year Ending January 31,	Finance Lease		Operating Leases
2026	$	8,711	$	11,851
2027	8,711		8,906
2028	8,711		6,768
2029	8,711		6,113
2030	7,985		3,797
Thereafter	—		4,757
Total minimum payments	42,829		42,192
Less imputed interest	(5,318)		(5,692)
Present value of future minimum lease payments	37,511		36,500
Less current obligations under leases	(6,814)		(9,126)
Non-current lease obligations	$	30,697	$	27,374

Leases

Lease Costs

The components of the Company’s lease costs included in its consolidated statements of operations were as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance lease cost:
Amortization of finance lease right-of-use assets	$	3,974	$	3,975
Interest on finance lease liabilities	2,267		2,590
Operating lease cost	13,319		11,693
Short-term lease cost	5,262		5,465
Variable lease cost	3,814		3,498
Total lease cost	$	28,636	$	27,221

Balance Sheet Components

The balances of the Company’s finance and operating leases were recorded on the consolidated balance sheets as follows (in thousands):


	Years Ended January 31,
	2025		2024
Finance Lease:
Property and equipment, net	$	19,540	$	23,514
Other accrued liabilities (current)	6,814		6,179
Other liabilities, non-current	30,697		37,511
Operating Leases:
Operating lease right-of-use assets	$	34,607	$	37,365
Operating lease liabilities (current)	9,126		9,797
Operating lease liabilities, non-current	27,374		30,918

Supplemental Information

The following table presents supplemental information related to the Company’s finance and operating leases (in thousands, except weighted-average information):


	Years Ended January 31,
	2025			2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance lease	$	2,267		$	2,590
Operating cash flows from operating leases	14,185			12,336
Financing cash flows from finance lease	6,179			5,483
Right-of-use assets obtained in exchange for lease obligations:

Operating leases	8,974			5,537
Weighted-average remaining lease term (in years):
Finance lease	4.9			5.9
Operating leases	4.6			5.4
Weighted-average discount rate:
Finance lease	5.6		%	5.6		%
Operating leases	5.2		%	5.7		%

Maturities of Lease Liabilities

Future minimum lease payments under non-cancelable finance and operating leases on an annual undiscounted cash flow basis as of January 31, 2025 were as follows (in thousands):


Year Ending January 31,	Finance Lease		Operating Leases
2026	$	8,711	$	11,851
2027	8,711		8,906
2028	8,711		6,768
2029	8,711		6,113
2030	7,985		3,797
Thereafter	—		4,757
Total minimum payments	42,829		42,192
Less imputed interest	(5,318)		(5,692)
Present value of future minimum lease payments	37,511		36,500
Less current obligations under leases	(6,814)		(9,126)
Non-current lease obligations	$	30,697	$	27,374

Commitments and Contingencies - Future Minimum Non-Cancellable Agreements (Details) $ in Thousands	Jan. 31, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2026	$ 379,846
2027	281,303
2028	279,157
2029	5,000
2030	0
Thereafter	0
Total minimum payments	$ 945,306

Income Taxes - Schedule of Components of Loss Before Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Income Tax Disclosure [Abstract]
United States	$ (99,978)	$ (138,936)	$ (253,433)
Foreign	(31,621)	(24,580)	(79,821)
Loss before provision for (benefit from) income taxes	$ (131,599)	$ (163,516)	$ (333,254)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Millions	Feb. 17, 2025	Feb. 27, 2025
Subsequent Event [Line Items]
Share amount authorized for repurchase		$ 200
Voyage AI Innovations, Inc.
Subsequent Event [Line Items]
Consideration transferred	$ 220

Revenue - Contract Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract with customer, liability	$ 359.8	$ 377.4	$ 460.3
Deferred revenue, percent	18.00%	25.00%

Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Jan. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The following table summarizes the changes in the carrying amount of goodwill during the periods presented (in thousands):


	January 31, 2025		January 31, 2024
Balance, beginning of the year	$	69,679	$	57,779
Increase in goodwill related to business combinations	—		11,900
Balance, end of the year	$	69,679	$	69,679

Gross carrying amount and accumulated amortization of intangible assets

The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows (in thousands):


	January 31, 2025
	Gross Carrying Value		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Developed technology	$	41,200	$	(40,407)	$	793	1.2
Customer relationships	15,200		(15,200)		—		—
IP addresses	$	23,986	$	(182)	$	23,804	9.9
Total	$	80,386	$	(55,789)	$	24,597


	January 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Book Value		Weighted-Average Remaining Useful Life (in years)
Developed technology	$	41,200	$	(37,328)	$	3,872	1.0
Customer relationships	15,200		(15,115)		85		0.3
Total	$	56,400	$	(52,443)	$	3,957

Future amortization expense related to intangible assets

As of January 31, 2025, future amortization expense related to the intangible assets is as follows (in thousands):


Years Ending January 31,
2026	$	3,079
2027	2,512
2028	2,399
2029	2,399
2030	2,399
Thereafter	$	11,809
Total	$	24,597

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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