Property and Equipment, Net

12 Months Ended

Jan. 31, 2025

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:


	January 31,
(in thousands)	2025		2024
Computer and network equipment	$	133,486	$	142,241
Software, including capitalized software development costs	278,918		168,584
Furniture and office equipment	20,360		18,196
Leasehold improvements	64,012		58,230
	496,776		387,251
Less: Accumulated depreciation	(303,676)		(244,270)
	193,100		142,981
Work in progress	106,270		102,192
	$	299,370	$	245,173

Depreciation and amortization expenses associated with property and equipment was $83.1 million, $75.7 million and $65.5 million in the years ended January 31, 2025, 2024 and 2023. This included amortization expense related to capitalized internally-developed software costs of $55.2 million, $35.1 million and $19.7 million in the respective years.

We capitalized $114.7 million, $95.3 million and $66.1 million of internally developed software costs, including $38.9 million, $30.8 million and $19.2 million of capitalized stock-based compensation in the years ended January 31, 2025, 2024 and 2023, respectively.