Goodwill and Intangible Assets, Net

9 Months Ended

Oct. 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	(69)
Balance as of October 31, 2024	$	16,131

There was no goodwill impairment for any periods presented.

Intangible Assets

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


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

Developed technology from business combination (1)	$	22,273	$	(9,278)	$	12,995	2.3
Developed technology from asset acquisitions (2)	7,660		(1,119)		6,541		2.6
Total	$	29,933	$	(10,397)	$	19,536


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.

(2) During the three months ended October 31, 2024, the Company wrote off $0.9 million of fully amortized intangible assets as the technology had become obsolete.

Amortization expense was $2.5 million and $5.9 million for the three and nine months ended October 31, 2024, respectively, and $0.5 million and $1.6 million for the three and nine months ended October 31, 2023, respectively.

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


Fiscal Years
2025	$	2,159
2026	7,911
2027	7,911
2028	1,555
Total future amortization	$	19,536