Intangible Assets and Goodwill

6 Months Ended

Jul. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

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


	July 31, 2023
	Gross		Accumulated Amortization		Net

Finite-lived intangible assets:
Developed technology	$	217,332	$	(25,372)	$	191,960
Developer community	150,000		(40,067)		109,933
Assembled workforce	55,732		(15,915)		39,817
Patents	8,874		(5,309)		3,565
Other	47		(47)		—
Total finite-lived intangible assets	$	431,985	$	(86,710)	$	345,275
Indefinite-lived intangible assets—trademarks					826
Total intangible assets, net					$	346,101


	January 31, 2023
	Gross		Accumulated Amortization		Net

Finite-lived intangible assets:
Developer community	$	150,000	$	(25,206)	$	124,794
Developed technology	48,332		(9,608)		38,724
Assembled workforce	28,252		(11,036)		17,216
Patents	8,874		(4,421)		4,453
Other	47		(47)		—
Total finite-lived intangible assets	$	235,505	$	(50,318)	$	185,187
Indefinite-lived intangible assets—trademarks					826
Total intangible assets, net					$	186,013

During the six months ended July 31, 2023, in addition to the developed technology intangible assets acquired in connection with business combinations as discussed in Note 7, “Business Combinations,” the Company also acquired $27.5 million of assembled workforce intangible assets with a useful life of four years.

Amortization expense of intangible assets was $20.8 million and $36.4 million for the three and six months ended July 31, 2023, respectively, and $10.3 million and $15.6 million for the three and six months ended July 31, 2022, respectively.

As of July 31, 2023, future amortization expense is expected to be as follows (in thousands):


	Amount
Fiscal Year Ending January 31,
Remainder of 2024	$	44,935
2025	88,529
2026	82,287
2027	78,134
2028	45,569
Thereafter	5,821
Total	$	345,275

Goodwill

Changes in goodwill were as follows (in thousands):


	Amount

Balance—January 31, 2023	$	657,370
Additions	116,930
Balance—July 31, 2023	$	774,300