Goodwill and Intangible Assets

12 Months Ended

Jan. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The following table summarizes the changes in the carrying amount of goodwill during the years:

	As of January 31,
	2025		2024
	(in thousands)
Balance, beginning of the year	$	307,295	$	122,641
Increase in goodwill related to business combinations	—		184,654
Balance, ending of the year	$	307,295	$	307,295

During the fiscal year ended January 31, 2024, we acquired Workvivo, and recorded goodwill of $184.7 million. See Note 5 for additional information related to the acquisition.

Intangibles

The following table summarizes intangible assets with a finite useful life included within other asset, noncurrent on the consolidated balance sheet:

	As of January 31,
	2025						2024
	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
	(in thousands)
Customer relationships	$	31,732	$	(14,044)	$	17,688	$	31,732	$	(7,684)	$	24,048
Technology	26,959		(14,080)		12,879		26,959		(8,676)		18,283
Assembled workforce	7,034		(4,191)		2,843		7,034		(2,430)		4,604
Total	$	65,725	$	(32,315)	$	33,410	$	65,725	$	(18,790)	$	46,935

Intangible asset amortization expense was $13.5 million, $12.5 million, and $5.3 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively.

Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

	As of January 31, 2025
	(in thousands)
Year Ending January 31,
2026	13,000
2027	12,088
2028	7,105
2029	1,217
2030	—
Thereafter	—
Total amortization expense	33,410

The following table summarizes intangible assets with an indefinite useful life included within other asset, noncurrent on the consolidated balance sheet:

	As of January 31,
	2025		2024
	(in thousands)
Domain and IP Addresses	$	20,232	$	20,232
Patents and trade names	5,007		5,007
Total	$	25,239	$	25,239

For the years ended January 31, 2025, 2024 and 2023, there were no intangible assets impairment losses.