Balance Sheet Components

6 Months Ended

Jul. 31, 2026

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 consists of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Accounts receivable, gross	$	551,383	$	515,687
Less: allowance for credit losses	(13,865)		(14,373)
Less: allowance for returns	(4,560)		(3,975)
Accounts receivable, net	$	532,958	$	497,339

The following table is a rollforward of our allowance for credit losses for the six months ended July 31, 2026 and 2025:

	2026		2025
	(in thousands)
Balance as of January 31	$	14,373	$	17,262
Provision for credit losses	4,960		9,637
Write-offs	(5,468)		(8,912)
Balance as of July 31	$	13,865	$	17,987

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Prepaid expenses	$	161,578	$	203,443
Restricted cash	16,556		10,904
Other	15,554		20,509
Prepaid expenses and other current assets	$	193,688	$	234,856

Property and Equipment, Net

Property and equipment consisted of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Servers	$	394,574	$	386,702
Software	185,635		157,347
Computer and office equipment	46,464		45,944
Leasehold improvements	54,314		57,761
Furniture and fixtures	5,169		5,706
Property and equipment, gross	686,156		653,460
Less: accumulated depreciation and amortization	(431,451)		(388,935)
Property and equipment, net	$	254,705	$	264,525

Depreciation and amortization expense was $27.3 million and $28.9 million for the three months ended July 31, 2026 and 2025, respectively, and $55.6 million and $60.9 million for the six months ended July 31, 2026 and 2025, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Accounts receivable, noncurrent	$	2,002	$	2,375
Intangible assets subject to amortization, net	80,331		45,997
Indefinite-lived intangible assets	25,763		25,239
Prepaid expenses, noncurrent	26,670		35,000
Income tax receivable, noncurrent	35,576		24,276
Other	10,234		11,446
Other assets, noncurrent	$	180,576	$	144,333

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Accrued expenses	$	179,700	$	192,478
Accrued compensation and benefits	169,663		206,367
Income tax liabilities	50,020		18,947
Sales and other non-income tax liabilities	40,638		41,919
Customer deposit liabilities	60,120		56,734
Operating lease liabilities, current	26,932		27,765
Other	30,488		37,563
Accrued expenses and other current liabilities	$	557,561	$	581,773

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:

	As of
	July 31, 2026		January 31, 2026
	(in thousands)
Sales and other non-income tax liabilities	$	37,763	$	40,184
Long-term income tax liabilities	69,495		62,771
Other	7,099		6,108
Other liabilities, noncurrent	$	114,357	$	109,063