XML 30 R13.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Property and Equipment, Net
 6 Months Ended
Jul. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):

July 31, 2024January 31, 2024
Leasehold improvements$96,573 $67,804 
Computers, equipment, and software46,586 29,859 
Furniture and fixtures24,211 17,593 
Capitalized internal-use software development costs176,321 93,222 
Construction in progress—capitalized internal-use software development costs24,671 78,737 
Construction in progress—other3,926 34,890 
Total property and equipment, gross372,288 322,105 
Less: accumulated depreciation and amortization(1)
(107,510)(74,641)
Total property and equipment, net$264,778 $247,464 
________________
(1)Includes $52.7 million and $30.0 million of accumulated amortization related to capitalized internal-use software development costs as of July 31, 2024 and January 31, 2024, respectively.

Depreciation and amortization expense was $21.2 million and $38.0 million for the three and six months ended July 31, 2024, respectively. Included in these amounts were the amortization of capitalized internal-use software development costs of $13.3 million and $24.2 million for the three and six months ended July 31, 2024, respectively.

Depreciation and amortization expense was $8.5 million and $16.1 million for the three and six months ended July 31, 2023, respectively. Included in these amounts were the amortization of capitalized internal-use software development costs of $3.9 million and $7.4 million for the three and six months ended July 31, 2023, respectively.

During the six months ended July 31, 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 six months ended July 31, 2024.