Intangible Assets |
INTANGIBLE ASSETS Intangible assets, net consisted of the following (in thousands): | | | | | | | | | | | | | As of July 31, | | As of January 31, | | 2022 | | 2022 | Developed technology | $ | 78,700 | | | $ | 15,500 | | Customer relationship | 79,100 | | | 1,500 | | Backlog | 11,100 | | | — | | Non-compete agreements | 650 | | | 650 | | Trademarks | 150 | | | 150 | | Patents | 1,288 | | | 1,094 | | Total finite-lived intangible assets | 170,988 | | | 18,894 | | Accumulated amortization - developed technology | (6,447) | | | (2,165) | | Accumulated amortization - customer relationship | (3,060) | | | (734) | | Accumulated amortization - backlog | (1,397) | | | — | | Accumulated amortization - non-compete agreements | (319) | | | (212) | | Accumulated amortization - trademarks | (111) | | | (73) | | Accumulated amortization - patents | (232) | | | (158) | | Less: total accumulated amortization | (11,566) | | | (3,342) | | Total finite-lived intangible assets, net | $ | 159,422 | | | $ | 15,552 | | Indefinite-lived intangible assets - domain names | 255 | | | 255 | | Total intangible assets, net | $ | 159,677 | | | $ | 15,807 | |
Amortization expense of intangible assets was $7.3 million and $0.9 million for the three months ended July 31, 2022 and 2021, respectively, and $8.0 million and $1.6 million for the six months ended July 31, 2022 and 2021, respectively. As of July 31, 2022, estimated future amortization expense is as follows (in thousands): | | | | | | | | | Fiscal Year Ending January 31, | | | Remainder of 2023 | | $ | 14,788 | | 2024 | | 28,532 | | 2025 | | 24,187 | | 2026 | | 22,753 | | 2027 | | 22,753 | | Thereafter | | 46,409 | | Total | | $ | 159,422 | |
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