Balance Sheet Components

6 Months Ended

Jul. 31, 2025

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
	July 31, 2025		January 31, 2025
	(in thousands)
Accounts receivable, gross	$	539,700	$	517,306
Less: allowance for credit losses	(17,987)		(17,262)
Less: allowance for returns	(4,914)		(4,816)
Accounts receivable, net	$	516,799	$	495,228

Below is a rollforward of our allowance for credit losses for the six months ended July 31, 2025 and 2024:

	2025		2024
	(in thousands)
Balance as of January 31	$	17,262	$	25,916
Provision for credit losses	9,637		13,052
Write-offs	(8,912)		(19,980)
Balance as of July 31	$	17,987	$	18,988

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	July 31, 2025		January 31, 2025
	(in thousands)
Prepaid expenses	$	162,562	$	166,924
Restricted cash	10,123		12,037
Other	17,575		21,718
Prepaid expenses and other current assets	$	190,260	$	200,679

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	July 31, 2025		January 31, 2025
	(in thousands)
Servers	$	423,793	$	427,664
Software	144,924		123,259
Computer and office equipment	44,489		47,021
Leasehold improvements	57,169		54,885
Furniture and fixtures	5,681		5,767
Property and equipment, gross	676,056		658,596
Less: accumulated depreciation and amortization	(374,599)		(328,121)
Property and equipment, net	$	301,457	$	330,475

Depreciation and amortization expense was $28.9 million and $25.7 million for the three months ended July 31, 2025 and 2024, respectively, and $60.9 million and $49.0 million for the six months ended July 31, 2025 and 2024, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	July 31, 2025		January 31, 2025
	(in thousands)
Accounts receivable, noncurrent	$	13,160	$	19,266
Intangible assets subject to amortization, net	27,367		33,410
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	47,456		52,156
Income tax receivable, noncurrent	21,680		12,230
Other	13,379		11,772
Other assets, noncurrent	$	148,281	$	154,073

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	July 31, 2025		January 31, 2025
	(in thousands)
Accrued expenses	$	171,850	$	200,416
Accrued compensation and benefits	135,851		193,110
Income tax liabilities	21,080		18,815
Sales and other non-income tax liabilities	39,622		41,755
Customer deposit liabilities	55,220		47,312
Operating lease liabilities, current	22,243		27,026
Other	25,151		30,128
Accrued expenses and other current liabilities	$	471,017	$	558,562

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	July 31, 2025		January 31, 2025
	(in thousands)
Sales and other non-income tax liabilities	$	41,130	$	41,517
Long-term income tax liabilities	54,104		49,449
Other	4,824		4,397
Other liabilities, noncurrent	$	100,058	$	95,363