Balance Sheet Components

12 Months Ended

Jan. 31, 2026

Balance Sheet Related Disclosures [Abstract]

Note 5. Balance Sheet Components

Property and Equipment, Net

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


	January 31,
	2026			2025
Leasehold improvements	$	69,344		$	68,039
Computer-related equipment and software		22,942			20,876
Furniture and fixtures		19,104			16,595
Construction in progress		1,232			967
Total property and equipment		112,622			106,477
Less: accumulated depreciation		(88,775	)		(81,498	)
Total property and equipment, net	$	23,847		$	24,979

Depreciation expense related to property and equipment was $8.3 million, $8.2 million and $37.0 million for the years ended January 31, 2026, 2025 and 2024, respectively.

Intangible Assets

Intangible assets, net consisted of the following (in thousands):


	January 31,
	2026			2025
Internally developed software	$	116,942			104,633
Acquired developed technology		3,658			26,872
On-premises software		9,964			22,889
Total intangible assets		130,564			154,394
Less: accumulated amortization		(36,253	)		(79,884	)
Total intangible assets, net	$	94,311		$	74,510

Intangible assets are amortized on a straight-line basis over the useful life. Amortization expense for intangible assets was $31.2 million, $17.1 million, and $16.6 million for the years ending January 31, 2026, 2025, and 2024, respectively.

As of January 31, 2026, expected amortization expense for intangible assets was as follows (in thousands):


Years ending January 31:
2027	$	38,048
2028		35,720
2029		18,366
2030		2,177
Total	$	94,311

As of January 31, 2026, we capitalized internally developed software of $46.9 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 2027.