Intangible Assets and Goodwill

9 Months Ended

Oct. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

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


	October 31, 2023
	Gross		Accumulated Amortization		Net

Finite-lived intangible assets:
Developed technology	$	218,596	$	(36,330)	$	182,266
Developer community	154,900		(47,641)		107,259
Assembled workforce	55,732		(19,430)		36,302
Patents	8,874		(5,760)		3,114
Other	47		(47)		—
Total finite-lived intangible assets	$	438,149	$	(109,208)	$	328,941
Indefinite-lived intangible assets—trademarks					826
Total intangible assets, net					$	329,767


	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 nine months ended October 31, 2023, in addition to the developed technology intangible assets and a developer community intangible asset acquired in connection with fiscal 2024 business combinations, as discussed in Note 7, “Business Combinations,” the Company also acquired $28.7 million of intangible assets, primarily consisting of assembled workforce intangible assets with a useful life of four years.

Amortization expense of intangible assets was $22.5 million and $58.9 million for the three and nine months ended October 31, 2023, respectively, and $11.1 million and $26.7 million for the three and nine months ended October 31, 2022, respectively.

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


	Amount
Fiscal Year Ending January 31,
Remainder of 2024	$	22,780
2025	89,764
2026	83,519
2027	79,366
2028	46,800
Thereafter	6,712
Total	$	328,941

Goodwill

Changes in goodwill were as follows (in thousands):


	Amount

Balance—January 31, 2023	$	657,370
Additions	127,035
Balance—October 31, 2023	$	784,405