Balance Sheet Components

12 Months Ended

Jan. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Balance Sheet Components

Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	January 31,
(in thousands)	2023		2022
Prepaid hosting and data costs	$	12,168	$	46,513
Prepaid software costs	6,079		5,765
Capitalized commissions costs, current portion	44,051		40,695
Prepaid insurance	1,734		2,118
Contract assets	4,785		3,161
Other	10,048		10,915
Prepaid expenses and other current assets	$	78,865	$	109,167

Property and Equipment, Net

Property and equipment, net consisted of the following:

	January 31,
(in thousands)	2023		2022
Computer equipment	$	16,283	$	13,544
Office furniture and other	2,540		1,256
Leasehold improvements	5,535		3,930
Less accumulated depreciation and amortization	(16,875)		(12,433)
Total fixed assets, net	7,483		6,297
Capitalized internal-use software	35,962		23,065
Less accumulated amortization	(20,560)		(14,657)
Total capitalized internal-use software	$	15,402	$	8,408
Property and equipment, net	$	22,885	$	14,705

Depreciation and amortization expense consisted of the following:

	Year Ended January 31,
(in thousands)	2023		2022		2021
Depreciation and amortization expense	$	6,148	$	4,218	$	2,538
Amortization expense for capitalized internal-use software	$	5,903	$	3,428	$	2,526

The Company capitalized internal-use software, including stock-based compensation of $12.9 million, $7.0 million and $3.8 million, for the fiscal years ended January 31, 2023, 2022 and 2021, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	January 31,
(in thousands)	2023		2022
Bonuses	$	25,057	$	22,622
Employee liabilities (1)	16,374		21,668
Commissions	27,866		16,496
Accrued litigation settlement(2)	—		12,000
Accrued sales and use tax liability	7,336		6,935
Accrued income taxes	3,139		2,559
Purchased media costs (3)	2,965		3,227
Professional services	784		1,062
Other	14,003		13,651
	$	97,524	$	100,220

(1) Includes $1.4 million and $2.3 million of accrued ESPP employee contributions at January 31, 2023 and 2022. Refer to Note 12, Stock-Based Compensation, for further discussion of the Company's ESPP.

(2) In February 2022, the Company and Opal Labs Inc. (“Opal”) agreed to settle all outstanding claims with respect to Opal's complaints alleging breach of contract and violation of Oregon’s Uniform Trade Secrets Act, among other claims. The payment was made in March 2022.

(3) Purchased media costs consist of amounts owed to the Company’s vendors for the purchase of advertising space on behalf of its customers.