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Accrued and Other Current Liabilities

3 Months Ended

Apr. 30, 2025

6. Accrued and Other Current Liabilities

Accrued and other current liabilities at April 30, 2025 and January 31, 2025 consisted of the following:


	As of
	April 30, 2025		January 31, 2025
	(in thousands)
Accrued employee compensation	$	14,502	$	22,941
Accrued product development costs		34,237		32,929
Software license liabilities, current		6,100		7,021
Development deposit liability		13,500		13,500
Other accrued liabilities		5,140		4,390
Total accrued and other current liabilities	$	73,479	$	80,781

The accrued employee compensation primarily consists of accrued payroll and accrued employee benefits, as well as employee stock purchase plan withholding. For the three months ended April 30, 2025, approximately $9.8 million of annual bonus was paid, of which $3.7 million was paid in cash and $6.1 million was settled with fully vested restricted stock units. The $13.5 million of development deposit liability represents a cash advance from a customer for funding a development project that is subject to certain refund conditions.