| Balance Sheet Components |
Balance Sheet Components Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
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January 31, |
| (in thousands) |
2025 |
|
2024 |
| Prepaid hosting and data costs |
$ |
20,761 |
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|
$ |
1,673 |
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| Prepaid software costs |
10,251 |
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|
4,854 |
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| Prepaid marketing |
2,869 |
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|
1,208 |
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| Capitalized commissions costs, current portion |
39,353 |
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|
42,486 |
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| Contract assets |
1,860 |
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|
4,326 |
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| Security deposits, short-term |
1,519 |
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|
1,923 |
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| Taxes recoverable |
2,467 |
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|
3,561 |
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| Restricted cash |
1,705 |
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|
1,494 |
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| Employee advances |
3,345 |
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|
2,614 |
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| Other |
852 |
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|
6,551 |
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| Prepaid expenses and other current assets |
$ |
84,982 |
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$ |
70,690 |
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Property and Equipment, Net
Property and equipment, net consisted of the following:
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January 31, |
| (in thousands) |
2025 |
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2024 |
| Computer equipment |
$ |
18,734 |
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$ |
17,646 |
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| Office furniture and other |
6,438 |
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|
4,879 |
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| Leasehold improvements |
10,256 |
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|
10,370 |
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| Less accumulated depreciation and amortization |
(24,788) |
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(20,866) |
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| Total fixed assets, net |
10,640 |
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12,029 |
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| Capitalized internal-use software |
63,695 |
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|
50,212 |
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| Less accumulated amortization |
(42,744) |
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(30,065) |
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| Total capitalized internal-use software |
20,951 |
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|
20,147 |
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| Property and equipment, net |
$ |
31,591 |
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$ |
32,176 |
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Depreciation and amortization expense consisted of the following:
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Year Ended January 31, |
| (in thousands) |
2025 |
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2024 |
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2023 |
| Depreciation and amortization expense |
$ |
6,000 |
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$ |
5,961 |
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$ |
6,148 |
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| Amortization expense for capitalized internal-use software |
$ |
12,679 |
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$ |
9,505 |
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$ |
5,903 |
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The Company capitalized internal-use software costs, including stock-based compensation, of $15.2 million, $14.2 million and $12.9 million, for the fiscal years ended January 31, 2025, 2024, and 2023, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
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January 31, |
| (in thousands) |
2025 |
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2024 |
| Bonuses |
$ |
20,463 |
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$ |
23,314 |
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| Commissions |
15,549 |
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|
18,502 |
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Employee liabilities (1)
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15,994 |
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|
19,019 |
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Purchased media costs (2)
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1,456 |
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|
1,683 |
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| Accrued sales and use tax liability |
6,505 |
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|
8,522 |
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| Accrued income taxes |
10,309 |
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|
4,529 |
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| Accrued deferred contract credits |
896 |
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|
2,204 |
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| Vendor and travel costs payable |
1,334 |
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|
4,160 |
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| Professional services |
1,030 |
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1,142 |
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| Withholding taxes payable |
910 |
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|
944 |
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| Other |
4,839 |
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|
9,168 |
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Accrued Expenses and Other Current Liabilities |
$ |
79,285 |
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$ |
93,187 |
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(1) Includes $1.0 million and $1.4 million of accrued employee contributions under the Company’s 2021 ESPP at January 31, 2025 and 2024, respectively. Refer to Note 11, Stock-Based Compensation, for further discussion of the Company’s ESPP.
(2) Purchased media costs consist of amounts owed to the Company’s vendors for the purchase of advertising space on behalf of its customers.
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