v3.25.1
Balance Sheet Components
3 Months Ended
Apr. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
April 30, 2025January 31, 2025
Data center and other computer equipment$826,435 $755,728 
Capitalized internal-use software and website development costs295,425 265,987 
Leasehold improvements42,998 42,230 
Purchased software16,087 15,876 
Furniture and equipment11,067 10,485 
Construction in progress215,871 220,088 
1,407,883 1,310,394 
Less: Accumulated depreciation and amortization(581,814)(521,754)
Property and equipment, net$826,069 $788,640 
Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $175.5 million as of April 30, 2025.
Depreciation and amortization expense of property and equipment was $56.4 million and $42.7 million during the three months ended April 30, 2025 and April 30, 2024, respectively.
There was no impairment of property and equipment during the three months ended April 30, 2025 and April 30, 2024. The Company capitalized $29.5 million and $17.5 million in internal-use software and website development costs during the three months ended April 30, 2025 and April 30, 2024, respectively. Amortization expense associated with internal-use software and website development costs totaled $17.5 million and $12.8 million during the three months ended April 30, 2025 and April 30, 2024, respectively. The net book value of capitalized internal-use software and website development costs was $156.0 million and $144.0 million as of April 30, 2025 and January 31, 2025, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
April 30, 2025Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$168,482 $70,217 $98,265 53
Customer relationships24,557 9,423 15,134 62
Intellectual property and other acquired intangible assets15,848 3,761 12,087 109
Total$208,887 $83,401 $125,486 
January 31, 2025Weighted-Average
Remaining 
Useful
Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$168,416 $63,783 $104,633 55
Customer relationships24,502 8,454 16,048 65
Intellectual property and other acquired intangible assets15,837 3,404 12,433 112
Total$208,755 $75,641 $133,114 
Amortization expense of intangible assets was $7.6 million and $6.0 million during the three months ended April 30, 2025 and April 30, 2024, respectively.
The estimated aggregate future amortization expense of intangible assets as of April 30, 2025 was as follows (in thousands):
Total
Fiscal 2026 (remaining nine months) $21,799 
Fiscal 202727,248 
Fiscal 202826,735 
Fiscal 202923,982 
Fiscal 203014,605 
Thereafter11,117 
Total future amortization expense$125,486 
Developed technology, customer relationships, intellectual property and other acquired intangible assets are amortized over their estimated useful lives, generally on a straight-line basis, for periods ranging from 2 to 20 years.
Goodwill
The change in goodwill during the three months ended April 30, 2025 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2025
$912,805 
Foreign currency translation480 
Goodwill as of April 30, 2025
$913,285 
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
April 30, 2025January 31, 2025
Accrued commissions$108,560 $174,322 
Employee Stock Purchase Plan70,698 33,214 
Accrued payroll and related expenses65,931 69,197 
Accrued bonuses41,418 42,510 
Accrued payroll and benefits$286,607 $319,243