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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Pre-Tax Income (Loss)

The domestic and foreign components of pre-tax income (loss) were as follows:

			Year Ended January 31,
(in thousands)			2025						2024						2023
U.S.			$	179,128					$	54,551					$	19,673
International			68,813						39,128						(109,554)
Income (loss) before income taxes			$	247,941					$	93,679					$	(89,881)

Schedule of Income Tax Provision

The components of our income tax provision were as follows:

			Year Ended January 31,
(in thousands)			2025						2024						2023
Current
Federal			$	4,758					$	6,390					$	(464)
State			7,936						2,018						1,666
Foreign			6,105						4,974						4,674
Total current			18,799						13,382						5,876
Deferred
Federal			(747,082)						21						21
State			(94,945)						2						(21)
Foreign			3,284						6,294						1,697
Total deferred			(838,743)						6,317						1,697
Provision for income taxes			$	(819,944)					$	19,699					$	7,573

Schedule of Reconciliation Federal Statutory Rate

The reconciliation of the statutory federal income tax rate to our effective tax rate was as follows:

			Year Ended January 31,
(in percentage)			2025						2024						2023
U.S. statutory rate			21.0		%				21.0		%				21.0		%
State taxes			4.0						2.4						(2.4)
Foreign tax rate differential			0.5						37.9						16.4
Foreign-derived intangible income deduction			(3.8)						(11.7)						—
Stock-based compensation			7.9						81.8						(55.1)
Change in valuation allowance			(331.7)						(102.5)						(35.5)
Dual Jurisdiction Deferred Taxes			(2.9)						36.0						39.2
Research and development credits			(17.3)						(46.0)						20.1
Other deferred adjustment			(10.7)						(1.2)						(10.7)
Other			2.3						3.3						(1.4)
Effective tax rate			(330.7)		%				21.0		%				(8.4)		%

Schedule of Components of Net Deferred Tax Balances

The significant components of net deferred tax balances were as follows:

			January 31,
(in thousands)			2025						2024
Deferred tax assets
Net operating loss carryforwards			$	486,505					$	570,152
Accruals and reserves			16,772						14,895
Stock-based compensation			42,949						39,320
Research and development credits			179,275						147,959
Capitalized research and development expenses			350,729						246,945
Other			54,286						53,140
Total deferred tax assets			1,130,516						1,072,411
Less: Valuation allowance			(112,847)						(934,816)
Deferred tax assets, net of valuation allowance			1,017,669						137,595
Deferred tax liabilities
Deferred contract acquisition costs			(121,678)						(100,806)
Fixed Assets and Intangible Assets			(54,137)						(26,258)
Other			(21,980)						(25,242)
Total deferred tax liabilities			(197,795)						(152,306)
Net deferred tax assets / (liabilities)			$	819,874					$	(14,711)

Schedule of Total Unrecognized Tax Benefits

A reconciliation of the beginning and ending balance of total unrecognized tax benefits was as follows:

			January 31,
(in thousands)			2025						2024						2023
Unrecognized tax benefits balance at February 1			$	60,744					$	47,946					$	46,729
Gross increase for tax positions of prior years			—						4,368						333
Gross decrease for tax positions of prior years			(307)						(156)						(1,734)
Settlements			—						—						(2,484)
Gross increase for tax positions of current year			15,109						8,586						5,102
Unrecognized tax benefits balance at January 31			$	75,546					$	60,744					$	47,946

Schedule of Valuation Allowance

The following table represents the rollforward of our valuation allowance:

			Year Ended January 31,
(in thousands)			2025						2024						2023
Beginning balance			$	934,816					$	1,032,016					$	999,191
Valuation allowance charged to income tax provision			(821,969)						(97,200)						32,825
Ending balance			$	112,847					$	934,816					$	1,032,016

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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