Quarterly report [Sections 13 or 15(d)]

Balance Sheet Components

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
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
(in thousands) April 30, 2025 January 31, 2025
Prepaid hosting and data costs $ 18,166  $ 20,761 
Prepaid software costs 8,761  10,251 
Prepaid marketing 4,698  2,869 
Capitalized commissions costs, current portion 43,430  39,353 
Contract assets 1,971  1,860 
Security deposits, short-term 1,737  1,519 
Taxes recoverable 2,928  2,467 
Restricted cash 1,350  1,705 
Employee advances
 6,082  3,345 
Other 26  852 
Prepaid expenses and other current assets $ 89,149  $ 84,982 
Depreciation and Amortization
Accumulated depreciation and amortization associated with fixed assets was $26.6 million and $24.8 million as of April 30, 2025 and January 31, 2025, respectively. Accumulated amortization associated with capitalized internal-use software was $46.2 million and $42.7 million as of April 30, 2025 and January 31, 2025, respectively.
Depreciation and amortization expense consisted of the following:
Three Months Ended April 30,
(in thousands) 2025 2024
Depreciation and amortization expense $ 1,258  $ 1,605 
Amortization expense for capitalized internal-use software $ 3,422  $ 2,903 
The Company capitalized internal-use software costs, including stock-based compensation, of $3.7 million and $3.5 million for the three months ended April 30, 2025 and 2024, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
(in thousands) April 30, 2025 January 31, 2025
Bonuses $ 6,808  $ 20,463 
Commissions 5,607  15,549 
Employee liabilities (1)
14,874  15,994 
Purchased media costs (2)
1,213  1,456 
Accrued restructuring costs (3)
3,608  — 
Accrued sales and use tax liability 6,611  6,505 
Accrued income taxes 8,730  10,309 
Accrued deferred contract credits 766  896 
Vendor and travel costs payable 1,138  1,334 
Professional services 1,690  1,030 
Withholding taxes payable 1,200  910 
Other 4,222  4,839 
Accrued expenses and other current liabilities $ 56,467  $ 79,285 
(1) Includes $2.3 million and $1.0 million of accrued employee contributions under the Company’s 2021 Employee Stock Purchase Plan (“ESPP”) at April 30, 2025 and January 31, 2025, respectively.
(2) Purchased media costs consist of amounts owed to the Company’s vendors for the purchase of advertising space on behalf of its customers.
(3) In February 2025, the Company implemented an approved plan for restructuring its global workforce by approximately 12% to help position the Company for long-term success by realigning employee costs with the current business and freeing up capital for incremental investments. Refer to Note 13, Restructuring Charges, for additional information.