Balance Sheet Components

12 Months Ended

Jan. 31, 2025

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):

	January 31,
	2025		2024
Prepaid expenses	$	77,857	$	44,721
Inventory, net	4,183		4,807
Contract assets, current	4,537		6,356
Other current assets	16,374		7,977
Total prepaid expenses and other current assets	$	102,951	$	63,861

Property and Equipment, Net

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

	January 31,
	2025		2024
Equipment	$	75,589	$	91,645
Capitalized internal-use software	36,132		21,191
Leasehold improvements	12,739		12,350
Furniture and fixtures	4,687		4,150
Total property and equipment, gross	129,147		129,336
Less: accumulated depreciation and amortization	(75,953)		(81,463)
Total property and equipment, net	$	53,194	$	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 $17.4 million, $16.7 million and $15.5 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively.

Amortization expense relating to capitalized internal-use software was $7.8 million, $5.9 million and $6.1 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively.

Accrued Expenses and Other Current Liabilities

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

	January 31,
	2025		2024
Accrued expenses	$	30,983	$	41,773
Accrued bonuses	49,104		31,212
Accrued sales commissions	27,627		18,859
Accrued payroll-related expenses, taxes, and benefits	38,533		20,197
Operating lease liabilities	10,087		10,461
Other	6,268		432
Total accrued expenses and other current liabilities	$	162,602	$	122,934