Property and Equipment, Net

12 Months Ended

Jan. 31, 2025

Property, Plant and Equipment [Abstract]

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


	January 31, 2025		January 31, 2024

Leasehold improvements	$	97,324	$	67,804
Computers, equipment, and software	49,575		29,859
Furniture and fixtures	25,473		17,593
Capitalized internal-use software development costs	209,684		93,222
Construction in progress—capitalized internal-use software development costs	28,672		78,737
Construction in progress—other	39,106		34,890
Total property and equipment, gross	449,834		322,105
Less: accumulated depreciation and amortization(1)	(153,441)		(74,641)
Total property and equipment, net	$	296,393	$	247,464

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(1)Include $84.8 million and $30.0 million of accumulated amortization related to capitalized internal-use software development costs as of January 31, 2025 and 2024, respectively.

Depreciation and amortization expense was $85.6 million, $37.7 million, and $24.7 million for the fiscal years ended January 31, 2025, 2024, and 2023, respectively. Included in these amounts was the amortization of capitalized internal-use software development costs of $56.4 million, $19.0 million, and $10.2 million for the fiscal years ended January 31, 2025, 2024, and 2023, respectively.

Impairment charges related to capitalized internal-use software development costs recognized during each of the fiscal years ended January 31, 2025 and 2023 were not material. During the fiscal year ended January 31, 2024, 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 consolidated statements of operations.