Property and Equipment, Net

3 Months Ended

Apr. 30, 2024

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following (in thousands):


	April 30, 2024		January 31, 2024

Leasehold improvements	$	96,281	$	67,804
Computers, equipment, and software	46,092		29,859
Furniture and fixtures	22,233		17,593
Capitalized internal-use software development costs	150,350		93,222
Construction in progress—capitalized internal-use software development costs	37,807		78,737
Construction in progress—other	1,548		34,890
Total property and equipment, gross	354,311		322,105
Less: accumulated depreciation and amortization(1)	(90,644)		(74,641)
Total property and equipment, net	$	263,667	$	247,464

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(1)Includes $40.4 million and $30.0 million of accumulated amortization related to capitalized internal-use software development costs as of April 30, 2024 and January 31, 2024, respectively.

Depreciation and amortization expense was $16.8 million and $7.6 million for the three months ended April 30, 2024 and 2023, respectively. Included in these amounts was the amortization of capitalized internal-use software development costs of $10.9 million and $3.5 million for the three months ended April 30, 2024 and 2023, respectively.

During the three months ended April 30, 2023, the Company recognized impairment charges of $7.1 million related to its capitalized internal-use software development costs previously included in construction in-progress that were no longer probable of being completed. Such impairment charges were recorded as research and development expenses on the condensed consolidated statements of operations. No impairment charge was recognized during the three months ended April 30, 2024.