Business Combinations (Tables)

6 Months Ended

Jul. 31, 2023

Business Combination and Asset Acquisition [Abstract]

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	$	43,968
Goodwill	63,049
Developed technology intangible assets	83,000		5
Other net tangible liabilities	(789)
Deferred tax liabilities, net(1)	(3,801)
Total	$	185,427

________________

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

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	$	11,594
Goodwill	45,450
Developed technology intangible asset	33,000		5
Other net tangible liabilities	(6,669)
Deferred tax liabilities, net(1)	(7,114)
Total	$	76,261

________________

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

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, cash equivalents, and restricted cash	$	3,563
Goodwill	8,431
Developed technology intangible asset	53,000		5
Other net tangible liabilities	(1,434)
Deferred tax liabilities, net(1)	(1,552)
Total	$	62,008

________________

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

The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	33,914
Goodwill	494,411
Developer community intangible asset	150,000		5
Other net tangible liabilities	(659)
Deferred tax liabilities, net(1)	(26,911)
Total	$	650,755

________________

(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 Neeva, as if Neeva had been acquired as of February 1, 2022 (in thousands):

	Pro Forma
	Three Months Ended July 31,				Six Months Ended July 31,
	2023		2022		2023		2022
	(unaudited)
Revenue	$	674,156	$	497,261	$	1,297,863	$	919,640
Net loss	$	(244,992)	$	(254,014)	$	(499,999)	$	(437,835)

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 July 31,				Six Months Ended July 31,
	2022		2021		2022		2021
	(unaudited)
Revenue	$	497,248	$	272,198	$	919,641	$	501,112
Net loss	$	(222,806)	$	(219,905)	$	(436,965)	$	(431,494)

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.