Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2025	Oct. 31, 2024
Cash flows from operating activities:
Net loss	$ (261,862)	$ (1,039,931)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	26,423	21,542
Stock-based compensation	244,464	827,875
Amortization of deferred commissions	79,344	66,372
Non-cash interest	0	29,127
Loss on debt extinguishment	6,653	0
Deferred income taxes	2,591	1,527
Other	(1,462)	(4,670)
Changes in operating assets and liabilities:
Accounts receivable	(42,700)	(14,312)
Deferred commissions	(89,404)	(90,428)
Prepaid expenses and other assets	(59,748)	(14,291)
Accounts payable	1,387	3,888
Accrued expenses and other liabilities	17,135	950
Deferred revenue	267,042	176,982
Net cash provided by (used in) operating activities	189,863	(35,369)
Cash flows from investing activities:
Purchases of property and equipment	(11,087)	(11,296)
Capitalized internal-use software	(11,004)	(6,902)
Purchases of investments	(1,289,391)	(641,292)
Sale of investments	0	27,978
Maturities of investments	520,913	243,912
Payments for business combinations, net of cash acquired	(20,903)	0
Net cash used in investing activities	(811,472)	(387,600)
Cash flows from financing activities:
Proceeds from initial public offering and underwriters' exercise of over-allotment option, net of underwriting discounts and commissions	0	815,209
Taxes paid related to net share settlement of equity awards	(6,339)	(432,512)
Proceeds from exercise of stock options	3,589	6,592
Proceeds from issuance of common stock under employee stock purchase plan	28,986	11,064
Payments for deferred offering costs, net	0	(3,545)
Proceeds from issuance of convertible senior notes, net of discount	1,129,875	0
Repayment of debt and related costs	(329,646)	0
Payments for debt discount costs	0	(475)
Payments for debt issuance costs	(1,903)	(233)
Purchase of capped calls related to convertible senior notes	(88,550)	0
Net cash provided by financing activities	736,012	396,100
Effect of exchange rate on cash, cash equivalents, and restricted cash	6,550	898
Net increase (decrease) in cash, cash equivalents, and restricted cash	120,953	(25,971)
Cash, cash equivalents, and restricted cash, beginning of period	193,594	137,059
Cash, cash equivalents, and restricted cash, end of period	314,547	111,088
Supplemental cash flow information:
Cash paid for income taxes, net of refunds	7,685	8,769
Cash paid for interest	11,807	5,247
Non-cash investing and financing activities:
Transfers of inventory to property and equipment	0	102
Property and equipment received, included in payables and accrued but not paid	1,004	537
Stock-based compensation capitalized in internal-use software	6,165	3,602
Fair value of common stock issued as consideration for business combination	93,849	0
Unpaid taxes related to business combination included in accrued expenses and other current liabilities	356	0
Acquisition holdback accrued not paid in accrued expenses and other current liabilities	760	0
Leasehold improvements funded directly by lessor included in property and equipment, net	$ 885	$ 0

Rubrik, Inc. 10-Q