Property and Equipment, Net

3 Months Ended

Apr. 30, 2025

Property, Plant and Equipment [Abstract]

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


	April 30, 2025		January 31, 2025

Leasehold improvements	$	81,135	$	97,324
Computers, equipment, and software	55,734		49,575
Furniture and fixtures	22,709		25,473
Capitalized internal-use software development costs	216,186		209,684
Construction in progress—capitalized internal-use software development costs	20,690		28,672
Construction in progress—other	51,542		39,106
Total property and equipment, gross	447,996		449,834
Less: accumulated depreciation and amortization(1)	(157,664)		(153,441)
Total property and equipment, net	$	290,332	$	296,393

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(1)Includes $100.2 million and $84.8 million of accumulated amortization related to capitalized internal-use software development costs as of April 30, 2025 and January 31, 2025, respectively.

Depreciation and amortization expense was $24.7 million and $16.8 million for the three months ended April 30, 2025 and 2024, respectively. Included in these amounts were the amortization of capitalized internal-use software development costs of $16.8 million and $10.9 million for the three months ended April 30, 2025 and 2024, respectively.

During the three months ended April 30, 2025, the Company recognized impairment charges of $20.6 million, mainly for leasehold improvements and furniture and fixtures, primarily relating to the cease-use of its San Mateo office facility. Such impairment charges were recorded as general and administrative expenses on the condensed consolidated statement of operations. See Note 10, “Commitments and Contingencies,” for further details. Impairment charges were not material for the three months ended April 30, 2024.