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Property and Equipment, Net
12 Months Ended
Jan. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, net

Depreciation expense was approximately $4.8 million, $3.9 million and $2.8 million for the fiscal years ended January 31, 2024, 2023 and 2022, respectively. Property and equipment at January 31, 2024 and 2023 consisted of the following:

 

 

As of January 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Computer hardware and software

 

$

23,518

 

 

$

20,733

 

Tools and equipment

 

 

8,564

 

 

 

8,325

 

Furniture and fixtures

 

 

1,351

 

 

 

1,311

 

Leasehold improvements

 

 

3,440

 

 

 

3,295

 

Construction in progress

 

 

166

 

 

 

513

 

 

 

 

37,039

 

 

 

34,177

 

Less: accumulated depreciation and amortization

 

 

(26,600

)

 

 

(22,363

)

Total property and equipment, net

 

$

10,439

 

 

$

11,814