Income Taxes (Tables)

12 Months Ended

Jan. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of (Loss) Income before Income Tax

The U.S. and foreign components of (loss) income before income taxes for fiscal years 2023, 2022, and 2021 are as follows (in thousands):

	Year Ended January 31,
	2023		2022		2021
U.S.	$	(273,467)	$	(306,814)	$	(105,589)
Foreign	(44,094)		(204,069)		10,931
Loss before income taxes	$	(317,561)	$	(510,883)	$	(94,658)

Schedule of Components of the Provision (Benefit) from Income Taxes

The components of the provision for (benefit from) income taxes for fiscal years 2023, 2022, and 2021 are as follows (in thousands):

	Year Ended January 31,
	2023		2022		2021
Provision for (benefit from) income taxes
Current expense
Federal	$	213	$	—	$	—
State	493		80		47
Foreign	9,224		20,455		5,275
Total current expense	9,930		20,535		5,322
Deferred expense (benefit)
Federal	—		—		—
State	—		—		—
Foreign	861		(5,832)		(7,587)
Total deferred expense (benefit)	$	861	$	(5,832)	$	(7,587)
Total provision for (benefit from) income taxes	$	10,791	$	14,703	$	(2,265)

Reconciliation of Statutory Federal Income Tax Rate to Effective Income Tax Rate

The following is a reconciliation of the statutory federal income tax rate to our effective tax rate for fiscal years 2023, 2022, and 2021:

	Year Ended January 31,
	2023		2022		2021
Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
Foreign taxes	(2.2)		(3.7)		0.2
Non-deductible expenses	(2.1)		(2.7)		(1.1)
Stock-based compensation	(10.8)		27.1		(14.0)
Valuation allowance	(12.3)		(48.2)		(10.1)
Research and development credits	3.3		3.8		6.7
Other, net	(0.3)		(0.2)		(0.3)
Effective income tax rate	(3.4)	%	(2.9)	%	2.4	%

Schedule of DTAs and DTLs

Significant components of DTAs and DTLs as of January 31, 2023 and 2022 are as follows (in thousands):

	As of January 31,
	2023		2022
Deferred tax assets:
Net operating loss carryforwards	$	387,822	$	377,285
Accruals and reserves	15,072		9,429
Stock-based compensation	25,665		37,751
Deferred revenue	9,477		4,722
Research and development	67,103		15,372
Foreign exchange	—		4,478
Depreciation and amortization	587		—
Excessive borrowing	1,668		1,370
Other	7,406		1,170
Total deferred tax assets, gross	514,800		451,577
Less: valuation allowance	(476,589)		(422,262)
Total deferred tax assets, net of valuation allowance	38,211		29,315
Deferred tax liabilities:
Intangible assets	(3,312)		(579)
Foreign exchange	(97)		—
Depreciation and amortization	—		(1,446)
Commissions	(29,245)		(16,695)
Other	—		(1)
Total deferred tax liabilities	(32,654)		(18,721)
Net deferred tax assets	$	5,557	$	10,594
Net deferred tax assets	$	5,895	$	10,628
Net deferred tax liabilities (included in other liabilities, non-current)	(338)		(34)
Net deferred tax assets	$	5,557	$	10,594

Schedule of Activity of the DTA Valuation Allowance

The table below details the changes in DTA valuation allowances for fiscal years 2023 and 2022 (in thousands):

	Beginning Balance		Valuation Allowance Recorded During the Period		Valuation Allowance Released During the Period		Ending Balance
Year ended January 31, 2023	$	422,262	$	54,327	$	—	$	476,589
Year ended January 31, 2022	$	137,766	$	284,496	$	—	$	422,262