Quarterly report [Sections 13 or 15(d)]

Balance Sheet Components

v3.26.1
Balance Sheet Components
 3 Months Ended
Apr. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Cash, Cash Equivalents, and Restricted Cash
The following table reconciles cash, cash equivalents, and restricted cash from the condensed consolidated balance sheets to amounts reported in the condensed consolidated statements of cash flows:
(in thousands) April 30, 2026 January 31, 2026
Cash and cash equivalents $ 163,333  $ 162,969 
Restricted cash included in prepaid expenses and other current assets(1)
2,065  2,065 
Restricted cash included in other non-current assets(1)
6,474  6,474 
Total cash, cash equivalents, and restricted cash
 $ 171,872  $ 171,508 
(1) Consists primarily of collateral for letters of credit issued in lieu of deposits on certain leases and customer contracts.
Allowance for Credit Losses
Changes in the allowance for credit losses for the periods presented were as follows:
Three Months Ended April 30,
(in thousands) 2026 2025
Allowance, beginning of period
 $ 7,441  $ 8,059 
Write-offs of uncollectible accounts, net
 (84) (346)
Provision for expected credit losses
 868  1,972 
Allowance, end of period $ 8,225  $ 9,685 
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
(in thousands) April 30, 2026 January 31, 2026
Deferred contract costs, current portion $ 66,754  $ 63,136 
Contract assets 9,102  10,580 
Prepaid software costs 8,312  9,203 
Prepaid hosting and data costs 2,341  2,504 
Other 20,188  21,970 
Prepaid expenses and other current assets $ 106,697  $ 107,393 
Depreciation and Amortization
Accumulated amortization associated with capitalized internal-use software was $60.3 million and $57.1 million as of April 30, 2026 and January 31, 2026, respectively. Accumulated depreciation and amortization associated with fixed assets was $28.2 million and $27.6 million as of April 30, 2026 and January 31, 2026, respectively.
Depreciation and amortization expense consisted of the following:
Three Months Ended April 30,
(in thousands) 2026 2025
Amortization expense for capitalized internal-use software $ 3,188  $ 3,422 
Depreciation and amortization expense $ 1,091  $ 1,258 
The Company capitalized internal-use software costs, including stock-based compensation, of $4.9 million and $3.7 million for the three months ended April 30, 2026 and 2025, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
(in thousands) April 30, 2026 January 31, 2026
Accrued compensation and benefits (1)
$ 34,109  $ 62,729 
Accrued taxes payable 19,539  18,186 
Other 12,245  10,623 
Accrued expenses and other current liabilities $ 65,893  $ 91,538 
(1) Includes $1.9 million and $0.8 million of accrued employee contributions under the Company’s 2021 Employee Stock Purchase Plan (“ESPP”) at April 30, 2026 and January 31, 2026, respectively.