Property and Equipment, Net

12 Months Ended

Jan. 31, 2026

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	January 31,
(in thousands)	2026		2025
Computer and network equipment	$	123,226	$	133,486
Software, including capitalized software development costs	383,527		278,918
Furniture and office equipment	23,278		20,360
Leasehold improvements	66,832		64,012
	596,863		496,776
Less: Accumulated depreciation	(365,142)		(303,676)
	231,721		193,100
Work in progress	130,087		106,270
	$	361,808	$	299,370

Depreciation and amortization expenses associated with property and equipment were $100.0 million, $83.1 million and $75.7 million in the years ended January 31, 2026, 2025 and 2024. This included amortization expense related to capitalized internally-developed software costs of $76.5 million, $55.2 million and $35.1 million in the respective years.

We capitalized $143.4 million, $114.7 million and $95.3 million of internally developed software costs, including $51.3 million, $38.9 million and $30.8 million of capitalized stock-based compensation in the years ended January 31, 2026, 2025 and 2024, respectively.