Income Taxes (Tables)

12 Months Ended

Jan. 31, 2023

Schedule of Income before Income Tax, Domestic and Foreign

Our loss before provision for income taxes for fiscal 2023, 2022 and 2021 consisted of the following (in thousands):


	Year Ended January 31,
	2023		2022		2021
Domestic	$	(432,235)	$	(274,270)	$	(18,159)
Foreign	47,944		4,173		(98,954)
Loss before provision for income taxes	$	(384,291)	$	(270,097)	$	(117,113)

Schedule of Components of Income Tax Expense (Benefit)

The components of provision for income taxes for fiscal 2023, 2022 and 2021 consisted of the following (in thousands):


	Year Ended January 31,
	2023		2022		2021
Current:
State	$	53	$	82	$	62
Foreign	3,661		1,011		398
Total current	3,714		1,093		460
Deferred:
Federal	(6,754)		—		—
State	(2,913)		—		—
Foreign	340		(89)		—
Total deferred	(9,327)		(89)		—
Total provision for income taxes	$	(5,613)	$	1,004	$	460

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the expected provision for (benefit from) income taxes at the statutory federal income tax rate to our recorded provision for income taxes consisted of the following (in thousands):


	Year Ended January 31,
	2023		2022		2021
Benefit from income taxes at U.S. federal statutory rate	$	(80,701)	$	(56,720)	$	(24,594)
State taxes, net of federal benefit	53		82		49
Foreign tax rate differential	10,140		(1,297)		(1,836)
Stock-based compensation	2,734		(23,442)		1,195
Non-deductible expenses	1,780		322		84
Change in valuation allowance	60,145		81,739		25,564
Other	236		320		(2)
Total provision for (benefit from) income taxes	$	(5,613)	$	1,004	$	460

Schedule of Deferred Tax Assets and Liabilities

Significant components of our net deferred tax assets and liabilities as of January 31, 2023 and 2022 consisted of the following (in thousands):


	As of January 31,
	2023		2022
Deferred tax assets:
Net operating loss carryforwards	$	228,400	$	174,646
Research and development expenses	72,432		36,989
Deferred revenue	25,643		14,748
Accruals and reserves	6,215		3,960
Operating lease liabilities	9,139		11,158
Stock-based compensation	17,528		7,936
Other	2,622		2,012
Gross deferred tax assets	361,979		251,449
Valuation allowance	(291,751)		(218,981)
Total deferred tax assets	70,228		32,468
Deferred tax liabilities:
Acquired intangibles, property and equipment	(37,170)		(6,235)
Deferred contract acquisition costs	(22,868)		(16,722)
Operating lease right-of-use assets	(8,162)		(9,422)
Other	(2,279)		—
Total deferred tax liabilities	(70,479)		(32,379)
Net deferred tax assets (liabilities)	$	(251)	$	89

Schedule of Unrecognized Tax Benefits Roll Forward

The changes in the gross amount of unrecognized tax benefits consisted of the following (in thousands):


	As of January 31,
	2023		2022		2021
Balance at beginning of year	$	566	$	534	$	358
Gross increases for tax positions of current year	447		32		176
Balance at end of year	$	1,013	$	566	$	534