Business Combination, Intangible Assets, and Goodwill (Tables)

3 Months Ended

Apr. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Business Acquisitions, by Acquisition

The acquisition date fair value of the purchase consideration was $650.8 million, which was comprised of the following (in thousands):

	Estimated Fair Value
Cash	$	211,839
Common stock(1)	438,916
Total	$	650,755

________________

(1)Approximately 1.9 million shares of the Company’s Class A common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $229.13 per share on the acquisition date.

Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	33,914
Goodwill	494,165
Developer community intangible asset	150,000		5
Other net tangible liabilities	(660)
Deferred tax liabilities, net(1)	(26,664)
Total	$	650,755

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(1)Deferred tax liabilities, net primarily relates to the intangible asset acquired and the amount presented is net of deferred tax assets.

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Streamlit, as if Streamlit had been acquired as of February 1, 2021 (in thousands):

	Pro Forma
	Three Months Ended April 30,
	2022		2021
	(unaudited)
Revenue	$	422,393	$	228,914
Net loss	$	(214,159)	$	(211,589)

Schedule of Intangible Assets

Intangible assets, net consisted of the following (in thousands):

	April 30, 2022
	Gross		Accumulated Amortization		Net
Finite-lived intangible assets:
Developer community	$	150,000	$	(2,547)	$	147,453
Assembled workforce	28,252		(5,706)		22,546
Developed technology	11,332		(5,379)		5,953
Patents	8,174		(3,101)		5,073
Other	47		(47)		—
Total finite-lived intangible assets	$	197,805	$	(16,780)	$	181,025
Infinite-lived intangible assets—trademarks					826
Total intangible assets, net					$	181,851

	January 31, 2022
	Gross		Accumulated Amortization		Net
Finite-lived intangible assets:
Assembled workforce	$	28,252	$	(3,941)	$	24,311
Developed technology	11,332		(4,812)		6,520
Patents	8,174		(2,690)		5,484
Other	47		(47)		—
Total finite-lived intangible assets	$	47,805	$	(11,490)	$	36,315
Infinite-lived intangible assets—trademarks					826
Total intangible assets, net					$	37,141

Schedule of Future Amortization Expense

As of April 30, 2022, future amortization expense is expected to be as follows (in thousands):

	Amount
Fiscal Year Ending January 31,
Reminder of 2023	$	30,904
2024	40,959
2025	40,192
2026	34,221
2027	29,984
Thereafter	4,765
Total	$	181,025

Schedule of Goodwill

Changes in goodwill were as follows (in thousands):

	Amount
Balance—January 31, 2022	$	8,449
Addition	494,165
Balance—April 30, 2022	$	502,614