Property and Equipment, Net

9 Months Ended

Oct. 31, 2023

Property, Plant and Equipment [Abstract]

4. Property and Equipment, Net

Depreciation expense was approximately $1.2 million and $1.0 million for the three months ended October 31, 2023 and 2022, respectively, and was approximately $3.5 million and $2.8 million for the nine months ended October 31, 2023 and 2022, respectively. Property and equipment at October 31, 2023 and January 31, 2023 consisted of the following:


	As of
	October 31, 2023			January 31, 2023
	(in thousands)
Computer hardware and software	$	22,869		$	20,733
Tools and equipment		8,174			8,325
Furniture and fixtures		1,347			1,311
Leasehold improvements		3,414			3,295
Construction in progress		422			513
		36,226			34,177
Less: accumulated depreciation and amortization		(25,309	)		(22,363	)
Total property and equipment, net	$	10,917		$	11,814