Consolidated Balance Sheet Components

12 Months Ended

Jan. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidated Balance Sheet Components

9 Consolidated Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

	As of January 31,
	2025		2024
Prepaid expenses and service credits	$	65,334	$	87,781
Other current assets	20,942		17,199
Prepaid expenses and other current assets	$	86,276	$	104,980

Property and Equipment, Net

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

	As of January 31,
	2025		2024
Computers and equipment	$	23,677	$	23,767
Leasehold improvements	31,402		21,756
Furniture and fixtures	7,124		6,640
Construction in progress	9,562		4,560
Other	635		632
Property and equipment, gross	72,400		57,355
Less: accumulated depreciation	(39,660)		(33,373)
Property and equipment, net	$	32,740	$	23,982

Depreciation expense was $8.1 million, $11.1 million, and $8.6 million for fiscal years 2025, 2024, and 2023, respectively.

Other Assets, Non-Current

As of January 31, 2025 and January 31, 2024, other assets, non-current included $24.4 million and $1.5 million, respectively, related to equity investments in private companies without readily determinable fair values. As a measurement alternative, these investments are reported at cost and are assessed periodically to determine whether their carrying value must be adjusted for observable changes in price or indicators of impairment.

As of January 31, 2025, other assets, non-current also included $11.9 million related to private-company convertible bonds, which are carried at fair value. Refer to Note 5, Fair Value Measurement for further information.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	As of January 31,
	2025		2024
Accrued expenses	$	19,810	$	13,414
Withholding tax from employee equity transactions	4,699		3,277
Employee stock purchase plan withholdings	3,335		3,618
Payroll taxes and other benefits payable	8,258		3,888
Income tax payable	1,632		7,140
Value-added taxes payable	3,640		6,480
Operating lease liabilities, current	3,587		8,357
Deferred consideration for business acquisition, current	—		5,570
Rebates payable to partners	13,314		7,289
Cloud infrastructure liabilities(1)	6,685		5,044
Other	18,963		19,920
Accrued expenses and other current liabilities	$	83,923	$	83,997
(1) Prior period amounts have been expanded to conform to current period presentation