Balance Sheet Components

9 Months Ended

Oct. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Accounts Receivable, Net

Accounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances. Our short-term accounts receivable consist of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Accounts receivable, gross	$	481,731	$	568,449
Less: allowance for credit losses	(20,171)		(25,916)
Less: allowance for returns	(3,553)		(6,455)
Accounts receivable, net	$	458,007	$	536,078

Below is a rollforward of our allowance for credit losses for the nine months ended October 31, 2024 and 2023:

	2024		2023
	(in thousands)
Balance as of January 31	$	25,916	$	24,900
Provision for credit losses	19,505		39,397
Write-offs	(25,250)		(30,968)
Balance as of October 31	$	20,171	$	33,329

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Prepaid expenses	$	152,304	$	188,259
Restricted cash	9,035		6,874
Other	21,158		24,049
Prepaid expenses and other current assets	$	182,497	$	219,182

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Servers	$	412,399	$	340,868
Software	122,465		95,409
Computer and office equipment	45,634		44,571
Leasehold improvements	56,713		43,981
Furniture and fixtures	5,269		5,192
Property and equipment, gross	642,480		530,021
Less: accumulated depreciation and amortization	(301,730)		(236,317)
Property and equipment, net	$	340,750	$	293,704

Depreciation and amortization expense was $28.9 million and $23.5 million for the three months ended October 31, 2024 and 2023, respectively, and $77.9 million and $68.1 million for the nine months ended October 31, 2024 and 2023, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Accounts receivable, noncurrent	$	12,716	$	26,099
Intangible assets subject to amortization, net	36,810		46,935
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	57,935		23,351
Income tax receivable, noncurrent	9,800		—
Other	11,698		11,853
Other assets, noncurrent	$	154,198	$	133,477

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Accrued expenses	$	182,717	$	173,993
Accrued compensation and benefits	138,660		185,128
Income tax liabilities	25,199		21,880
Sales and other non-income tax liabilities	39,786		35,460
Customer deposit liabilities	45,694		40,142
Operating lease liabilities, current	28,984		24,645
Other	20,452		18,916
Accrued expenses and other current liabilities	$	481,492	$	500,164

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	October 31, 2024		January 31, 2024
	(in thousands)
Sales and other non-income tax liabilities	$	43,672	$	42,254
Long-term income tax liabilities	44,830		33,864
Other	4,958		5,260
Other liabilities, noncurrent	$	93,460	$	81,378