Property and Equipment, Net

6 Months Ended

Jul. 31, 2024

Property, Plant and Equipment [Abstract]

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


	July 31, 2024		January 31, 2024
Capitalized internal-use software	$	16,420	$	13,071
Computer equipment, office equipment, and software	10,117		7,411
Leasehold improvements	21,118		18,789
Furniture and fixtures	8,085		4,223
Total property and equipment	55,740		43,494
Less: accumulated depreciation and amortization	(16,150)		(14,136)
Total property and equipment, net	$	39,590	$	29,358

During the three months ended July 31, 2024, the total depreciation expense and amortization expense for property and equipment was $2.4 million. During the three months ended July 31, 2024, the Company wrote off $0.2 million of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation, which had minimal net impact on the Company’s consolidated financial results.

During the six months ended July 31, 2024, the total depreciation expense and amortization expense for property and equipment was $4.6 million, inclusive of $0.3 million net book value for fixed assets written off during the quarter. During the six months ended July 31, 2024, the Company wrote off $2.3 million of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation.

During the three and six months ended July 31, 2023, total depreciation and amortization expense for property and equipment was $1.5 million and $2.7 million, respectively. During the three and six months ended July 31, 2023, the Company removed $0.2 million and $0.5 million, respectively, of fixed assets consisting of computer equipment, office equipment, and software, that was largely depreciated from property and equipment, gross and accumulated depreciation, which had minimal net impact on the Company’s consolidated financial results.

We capitalized internal-use software of $1.7 million and $1.2 million during the three months ended July 31, 2024 and 2023, respectively, and $3.3 million and $2.5 million during the six months ended July 31, 2024 and 2023, respectively. Amortization for capitalized internal-use software costs recognized within cost of revenue on the consolidated statements of operations was $0.8 million and $0.6 million for the three months ended July 31, 2024 and 2023, respectively, and $1.5 million and $1.1 million during the six months ended July 31, 2024 and 2023, respectively.