Intangible Assets |
INTANGIBLE ASSETS Intangible assets, net consisted of the following (in thousands): | | | | | | | | | | | | | As of April 30, | | As of January 31, | | 2023 | | 2023 | Developed technology | $ | 78,700 | | | $ | 78,700 | | Customer relationship | 79,100 | | | 79,100 | | Backlog | 11,100 | | | 11,100 | | Non-compete agreements | 650 | | | 650 | | Trademarks | 150 | | | 150 | | Patents | 1,674 | | | 1,501 | | Total finite-lived intangible assets | 171,374 | | | 171,201 | | Less: accumulated amortization | (33,345) | | | (26,363) | | Total finite-lived intangible assets, net | $ | 138,029 | | | $ | 144,838 | | Indefinite-lived intangible assets - domain names | 255 | | | 255 | | Total intangible assets, net | $ | 138,284 | | | $ | 145,093 | |
Amortization expense of intangible assets was $7.0 million and $0.8 million for the three months ended April 30, 2023 and 2022, respectively. As of April 30, 2023, estimated future amortization expense is as follows (in thousands): | | | | | | | | | Fiscal Year Ending January 31, | | | Remainder of 2024 | | $ | 21,596 | | 2025 | | 24,236 | | 2026 | | 22,802 | | 2027 | | 22,802 | | 2028 | | 13,242 | | Thereafter | | 33,351 | | Total | | $ | 138,029 | |
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