v3.25.1
Business Combinations (Tables)
 3 Months Ended
Apr. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Purchase Consideration
The acquisition date fair value of the preliminary purchase consideration was $160.9 million, which comprised the following (in thousands):
Estimated Fair Value
Cash$19,464 
Common stock(1)
141,402 
Total$160,866 
(1) Approximately 484,169 shares of the Company’s common stock were included in the purchase consideration and the fair values of these shares were determined based on the opening market price of $292.05 per share on February 18, 2025. Because the acquisition closed on a market holiday, the Company elected to use the opening market price on the first trading day subsequent to the acquisition date.
Schedule of Asset Acquired and Liability Assumed in Business Combination
The following table summarizes the preliminary allocation of purchase consideration to assets acquired and liabilities assumed based on their respective estimated fair values as of the date of acquisition:
Estimated Fair Value
(in thousands)		Estimated Useful Life
(in years)
Cash and cash equivalents$17,365 
Prepaid expenses and other current assets
1,435 
Goodwill119,962 
Developed technology intangible asset24,000 2.0
Accounts payable and accrued expenses(954)
Deferred tax liabilities, net(1)
(942)
Total purchase price$160,866 
(1) Deferred tax liabilities, net primarily relate to the intangible asset acquired and the amount presented is net of deferred tax assets.