Balance Sheet Components

9 Months Ended

Oct. 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
	October 31, 2025		January 31, 2025
	(in thousands)
Accounts receivable, gross	$	435,821	$	517,306
Less: allowance for credit losses	(14,159)		(17,262)
Less: allowance for returns	(3,969)		(4,816)
Accounts receivable, net	$	417,693	$	495,228

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

	2025		2024
	(in thousands)
Balance as of January 31	$	17,262	$	25,916
Provision for credit losses	12,119		19,505
Write-offs	(15,222)		(25,250)
Balance as of October 31	$	14,159	$	20,171

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	October 31, 2025		January 31, 2025
	(in thousands)
Prepaid expenses	$	154,877	$	166,924
Restricted cash	11,711		12,037
Other	12,334		21,718
Prepaid expenses and other current assets	$	178,922	$	200,679

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	October 31, 2025		January 31, 2025
	(in thousands)
Servers	$	406,523	$	427,664
Software	148,035		123,259
Computer and office equipment	46,233		47,021
Leasehold improvements	57,591		54,885
Furniture and fixtures	5,737		5,767
Property and equipment, gross	664,119		658,596
Less: accumulated depreciation and amortization	(379,268)		(328,121)
Property and equipment, net	$	284,851	$	330,475

Depreciation and amortization expense was $29.1 million and $28.9 million for the three months ended October 31, 2025 and 2024, respectively, and $90.1 million and $77.9 million for the nine months ended October 31, 2025 and 2024, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	October 31, 2025		January 31, 2025
	(in thousands)
Accounts receivable, noncurrent	$	2,930	$	19,266
Intangible assets subject to amortization, net	24,091		33,410
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	39,105		52,156
Income tax receivable, noncurrent	21,680		12,230
Other	12,463		11,772
Other assets, noncurrent	$	125,508	$	154,073

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	October 31, 2025		January 31, 2025
	(in thousands)
Accrued expenses	$	166,369	$	200,416
Accrued compensation and benefits	147,764		193,110
Income tax liabilities	53,422		18,815
Sales and other non-income tax liabilities	35,603		41,755
Customer deposit liabilities	55,898		47,312
Operating lease liabilities, current	20,393		27,026
Other	35,329		30,128
Accrued expenses and other current liabilities	$	514,778	$	558,562

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	October 31, 2025		January 31, 2025
	(in thousands)
Sales and other non-income tax liabilities	$	40,630	$	41,517
Long-term income tax liabilities	57,757		49,449
Other	5,407		4,397
Other liabilities, noncurrent	$	103,794	$	95,363