Balance Sheet Components

9 Months Ended

Oct. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Note 6 – Balance Sheet Components

Prepaid Expenses and Other Current Assets

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

	October 31,		January 31,
	2024		2024
Prepaid expenses	$	63,517	$	44,721
Inventory, net	4,073		4,807
Contract assets, current	5,339		6,356
Other current assets	5,454		7,977
Total prepaid expenses and other current assets	$	78,383	$	63,861

Property and Equipment, Net

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

	October 31,		January 31,
	2024		2024
Equipment	$	71,515	$	91,645
Capitalized internal-use software	31,695		21,191
Leasehold improvements	12,559		12,350
Furniture and fixtures	4,679		4,150
Total property and equipment, gross	120,448		129,336
Less: accumulated depreciation and amortization	(71,154)		(81,463)
Total property and equipment, net	$	49,294	$	47,873

Depreciation expense related to the Company’s property and equipment, which did not include amortization expense related to capitalized internal-use software, was $4.3 million and $4.3 million for the three months ended October 31, 2024 and 2023, respectively, and $13.1 million and $12.5 million for the nine months ended October 31, 2024 and 2023, respectively.

Amortization expense relating to capitalized internal-use software was $2.2 million and $1.1 million for the three months ended October 31, 2024 and 2023, respectively, and $5.7 million and $4.5 million for the nine months ended October 31, 2024 and 2023, respectively.

Accrued Expenses and Other Current Liabilities

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

	October 31,		January 31,
	2024		2024
Accrued expenses	$	27,318	$	41,773
Accrued bonuses	36,985		31,212
Accrued sales commissions	13,159		18,859
Accrued payroll-related expenses, taxes, and benefits	31,854		20,197
Operating lease liabilities	9,387		10,461
Other	2,461		432
Total accrued expenses and other current liabilities	$	121,164	$	122,934