Income Taxes (Tables)

12 Months Ended

Jan. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Income Taxes

The components of loss before income taxes were as follows (in thousands):

	Fiscal Year Ended January 31,
	2024		2023		2022
U.S.	$	(875,703)	$	(851,538)	$	(717,208)
Foreign	26,480		35,545		40,248
Loss before income taxes	$	(849,223)	$	(815,993)	$	(676,960)

Schedule of Provision for Income Taxes

The provision for (benefit from) income taxes consists of the following (in thousands):

	Fiscal Year Ended January 31,
	2024		2023		2022
Current provision:
State	$	754	$	626	$	288
Foreign	14,775		7,571		3,417
Deferred benefit:
Federal	(15,376)		(21,647)		—
State	(4,700)		(4,410)		—
Foreign	(6,686)		(607)		(717)
Provision for (benefit from) income taxes	$	(11,233)	$	(18,467)	$	2,988

Schedule of Effective Income Tax Rate Reconciliation

The effective income tax rate differs from the federal statutory income tax rate applied to the loss before income taxes due to the following (in thousands):

	Fiscal Year Ended January 31,
	2024		2023		2022
Income tax benefit computed at federal statutory rate	$	(178,337)	$	(171,359)	$	(142,162)
State taxes, net of federal benefit	26,380		14,948		35,360
Research and development credits	(101,725)		(58,136)		(142,544)
Stock-based compensation	(148,600)		(71,295)		(898,234)
Change in valuation allowance	371,767		213,532		1,159,276
IRC Section 59A waived deductions	11,550		49,476		—
Other	7,732		4,367		(8,708)
Provision for (benefit from) income taxes	$	(11,233)	$	(18,467)	$	2,988

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and deferred tax liabilities are shown below (in thousands):

	January 31, 2024		January 31, 2023
Deferred tax assets:
Net operating losses carryforwards	$	1,673,213	$	1,567,135
Capitalized research and development	420,491		147,328
Tax credit carryforwards	376,804		274,690
Stock-based compensation	109,446		123,408
Deferred revenue	82,683		31,527
Operating lease liabilities	54,008		55,079
Net unrealized losses on strategic investments	2,443		5,669
Other	31,776		14,834
Total deferred tax assets	2,750,864		2,219,670
Less: valuation allowance	(2,621,009)		(2,100,594)
Net deferred tax assets	129,855		119,076
Deferred tax liabilities:
Intangible assets	(39,173)		(39,426)
Deferred commissions	(41,609)		(31,940)
Operating lease right-of-use assets	(48,629)		(53,829)
Other	(1,326)		(2,358)
Total deferred tax liabilities	(130,737)		(127,553)
Net deferred tax liabilities	$	(882)	$	(8,477)

Schedule of Unrecognized Tax Benefits

The following table shows the changes in the gross amount of unrecognized tax benefits (in thousands):

	Fiscal Year Ended January 31,
	2024		2023		2022
Beginning balance	$	75,180	$	57,715	$	19,349
Increases based on tax positions during the prior period	12,708		1,816		20
Increases based on tax positions during the current period	27,365		15,649		38,346
Ending balance	$	115,253	$	75,180	$	57,715