Goodwill and Intangible Assets, Net

6 Months Ended

Jul. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

7. Goodwill and Intangible Assets, Net

Goodwill

The carrying amount of goodwill was as follows (in thousands):


	Carrying Amount
Balance as of January 31, 2024	$	8,145
Acquisition of Oxeye	8,055
Foreign currency translation adjustments	(183)
Balance as of July 31, 2024	$	16,017

There was no goodwill impairment for any periods presented.

Intangible Assets

Intangible assets, net consisted of the following (in thousands):


July 31, 2024	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average remaining amortization period (years)

Developed technology from business combination (1)	$	22,082	$	(7,395)	$	14,687	2.4
Developed technology from asset acquisitions	8,574		(1,394)		7,180		2.8
Total	$	30,656	$	(8,789)	$	21,867


January 31, 2024	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average remaining amortization period (years)

Developed technology from business combination	$	6,200	$	(4,467)	$	1,733	0.8
Developed technology from asset acquisitions (1)	914		(914)		—		0.0
Total	$	7,114	$	(5,381)	$	1,733

(1) The amounts in the tables above include cumulative foreign currency translation adjustments, reflecting movement in the currencies of the underlying intangibles.

Amortization expense was $2.3 million and $3.4 million for the three and six months ended July 31, 2024, respectively, and $0.5 million and $1.1 million for the three and six months ended July 31, 2023, respectively.

As of July 31, 2024, future amortization expense related to the intangibles assets is expected to be as follows (in thousands):


Fiscal Years
2025	$	4,625
2026	7,848
2027	7,848
2028	1,546
Total future amortization	$	21,867