Property and Equipment, Net

12 Months Ended

Jan. 31, 2026

Property, Plant and Equipment [Abstract]

Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following:


(in thousands)	January 31, 2026		January 31, 2025
Computer software	$	26,839	$	24,086
Office equipment	23,907		23,529
Furniture and fixtures	7,133		7,894
Leasehold improvements	57,983		59,944
Construction in progress	33		27
Software in progress	687		548
Total property and equipment, gross	116,582		116,028
Less: accumulated depreciation	(86,494)		(76,339)
Total property and equipment, net	$	30,088	$	39,689

As of January 31, 2026 and 2025, the Company's property and equipment, net attributable to the United States was 93% and 91%, respectively. No other individual country represented more than 10% of the total property and equipment, net as of those periods. Depreciation expense was $10.7 million, $11.4 million and $15.8 million for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.

During the fiscal year ended January 31, 2026, the Company subleased a floor related to its corporate headquarters and was in the process of subleasing an additional floor as of January 31, 2026. In connection with these arrangements, the Company recorded a $2.1 million impairment loss related to leasehold improvements. See Note 14 "Leases" for additional information.