Business Combinations (Tables)

12 Months Ended

Jan. 31, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition

The acquisition date fair value of the preliminary purchase consideration was $106.8 million, which was comprised of the following (in thousands):

	Estimated Fair Value
Cash	$	19,096
Common stock(1)	87,706
Total	$	106,802

________________

(1)Approximately 0.5 million shares of the Company’s Class A common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $171.42 per share on the acquisition date.

The acquisition date fair value of the purchase consideration was $219.0 million, which was comprised of the following (in thousands):

	Estimated Fair Value
Cash	$	5,761
Deferred cash consideration	231
Common stock(1)	174,225
Fair value of a previously held equity interest(2)	38,818
Total	$	219,035

________________

(1)Approximately 0.9 million shares of the Company’s Class A common stock, issued to selling stockholders that were not affiliated with the Company, were included in the purchase consideration, and the fair values of these shares were determined based on the closing market price of $194.28 per share on the acquisition date.

(2)In connection with this business combination, the Company issued approximately 0.2 million shares of its Class A common stock to the Investing Subsidiary in exchange for the Previously Held Equity Interest. The fair values of these shares were determined based on the closing market price of $194.28 per share on the acquisition date. These shares were treated as treasury stock for accounting purposes as of January 31, 2024, and were subsequently transferred to the Company and retired during the fiscal year ended January 31, 2025.

The acquisition date fair value of the purchase consideration was $650.8 million, which was comprised of the following (in thousands):

	Estimated Fair Value
Cash	$	211,839
Common stock(1)	438,916
Total	$	650,755

________________

(1)Approximately 1.9 million shares of the Company’s Class A common stock were included in the purchase consideration and the fair values of these shares were determined based on the closing market price of $229.13 per share on the acquisition date.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	5,916
Short-term investments	7,734
Goodwill	65,893
Developed technology intangible asset	35,000		5
Other net tangible liabilities	(968)
Deferred tax liabilities, net(1)	(6,773)
Total	$	106,802

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	9,589
Goodwill	189,858
Developed technology intangible asset	25,000		5
Other net tangible liabilities	(345)
Deferred tax liabilities, net(1)	(5,067)
Total	$	219,035

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	43,968
Goodwill	62,931
Developed technology intangible assets	83,000		5
Other net tangible liabilities	(759)
Deferred tax liabilities, net(1)	(3,713)
Total	$	185,427

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	11,594
Goodwill	46,426
Developed technology intangible asset	33,000		5
Other net tangible liabilities	(6,623)
Deferred tax liabilities, net(1)	(8,136)
Total	$	76,261

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash, cash equivalents, and restricted cash	$	3,563
Goodwill	9,029
Developed technology intangible asset	53,000		5
Other net tangible liabilities	(1,434)
Deferred tax liabilities, net(1)	(2,150)
Total	$	62,008

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash	$	61
Goodwill	146,444
Developed technology intangible asset	35,000		5
Other net tangible liabilities	(612)
Deferred tax liabilities, net(1)	(6,202)
Total	$	174,691

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

The purchase consideration was allocated to assets acquired and liabilities assumed based on their respective estimated fair values. The allocation of purchase consideration, inclusive of measurement period adjustments, was as follows:

	Estimated Fair Value (in thousands)		Estimated Useful Life (in years)
Cash and cash equivalents	$	33,914
Goodwill	494,411
Developer community intangible asset	150,000		5
Other net tangible liabilities	(659)
Deferred tax liabilities, net(1)	(26,911)
Total	$	650,755

________________

(1)Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information summarizes the combined results of operations of the Company and Datavolo, as if Datavolo had been acquired as of February 1, 2023 (in thousands):

	Pro Forma
	Fiscal Year Ended January 31,
	2025		2024
	(unaudited)
Revenue	$	3,626,424	$	2,806,489
Net loss	$	(1,324,805)	$	(844,814)

The following unaudited pro forma financial information summarizes the combined results of operations of the Company, and both of Samooha and Neeva, as if each had been acquired as of February 1, 2022 (in thousands):

	Pro Forma
	Fiscal Year Ended January 31,
	2024		2023
	(unaudited)
Revenue	$	2,806,739	$	2,065,730
Net loss	$	(932,308)	$	(937,873)

The following unaudited pro forma financial information summarizes the combined results of operations of the Company and the three companies acquired during fiscal 2023, as if each had been acquired as of February 1, 2021 (in thousands):

	Pro Forma
	Fiscal Year Ended January 31, 2023
	(unaudited)
Revenue	$	2,067,262
Net loss	$	(866,099)