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Intangible Assets

12 Months Ended

Jan. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 7. Intangible Assets

Intangible assets are included in other long-term assets in the consolidated balance sheets. Intangible assets consisted of the following (in thousands):


	January 31,
	2025			2024
Internally developed software	$	104,633		$	68,133
Acquired developed technology		26,872			23,939
On-premises software		22,889			17,523
Total intangible assets		154,394			109,595
Less: accumulated amortization		(79,884	)		(62,820	)
Total intangible assets, net	$	74,510		$	46,775

Intangible assets are amortized on a straight-line basis over the useful life. Amortization expense for intangible assets was $17.1 million, $16.6 million, and $17.7 million for the years ending January 31, 2025, 2024, and 2023, respectively.

As of January 31, 2025, expected amortization expense for intangible assets was as follows (in thousands):


Years ending January 31:
2026	$	19,822
2027		12,297
2028		5,184
Total	$	37,303

As of January 31, 2025, we capitalized internally developed software of $37.2 million for numerous projects that were not yet ready for their intended use. The majority of these projects, which generally have a useful life of three years, are expected to commence amortization in fiscal year 2026.