Prepaid expenses consisted of the following (in thousands):


	As of
	April 30, 2025		January 31, 2025
Prepaid software and subscriptions	$	12,600	$	14,742
Prepaid insurance		2,298		2,854
Other		8,650		7,195
Total prepaid expenses	$	23,548	$	24,791

Internal-use software development costs were as follows (in thousands):


	As of
	April 30, 2025			January 31, 2025
Internal-use software development costs, gross	$	86,365		$	80,550
Less: Accumulated amortization		(49,775	)		(44,775	)
Internal-use software development costs, net	$	36,590		$	35,775

The Company capitalized internal-use software development costs of $5.8 million and $5.3 million for the three months ended April 30, 2025 and 2024, respectively. Amortization expense for the capitalized internal-use software development costs included in platform cost of revenue was $5.0 million and $3.1 million for the three months ended April 30, 2025 and 2024, respectively. Amortization did not begin on $2.5 million and $3.2 million of capitalized internal-use software development costs that were not yet ready for their intended use as of April 30, 2025 and January 31, 2025, respectively.

As of April 30, 2025, expected future amortization expense related to capitalized internal-use software development costs was as follows (in thousands):


Fiscal
2026 (remainder)	$	14,636
2027		13,925
2028		7,450
2029		579
Total	$	36,590

Property and equipment consisted of the following (in thousands, except years):


	As of
	April 30,			January 31,			Estimated Useful Lives
	2025			2025			in Years
Computer equipment	$	15,035		$	13,824		3
Office equipment		6,914			7,017		3
Furniture and fixtures		13,022			13,498		5
Leasehold improvements		59,415			64,935		3 to 7
Property and equipment, gross		94,386			99,274
Less: Accumulated depreciation		(46,183	)		(42,607	)
Total property and equipment, net	$	48,203		$	56,667

Depreciation expense was $3.6 million and $5.2 million for the three months ended April 30, 2025 and 2024, respectively.

In the three months ended April 30, 2025 and 2024, the Company ceased use of certain office space and determined to sublease such space for the remainder of the lease term, which resulted in the Company reassessing its asset groupings. The Company determined the office space asset groups, comprised primarily of a right of use (“ROU”) asset, the related leasehold improvements and other property and equipment, were impaired and recorded an aggregate impairment loss of $8.0 million and $20.1 million for the three months ended April 30, 2025 and 2024, respectively, to reduce the carrying value of the asset groups to their estimated fair value. The impairments resulted in a reduction of the ROU asset by $1.9 million and $6.7 million in the three months ended April 30, 2025 and 2024, respectively, and leasehold improvements, furniture and fixtures and office equipment by $6.1 million and $13.4 million in the three months ended April 30, 2025 and 2024, respectively.

The impairments were recorded in the unaudited condensed consolidated statement of operations as follows:


	Three Months Ended April 30,
	2025		2024
Platform cost of revenue	$	960	$	2,828
Professional services and other cost of revenue		751		1,318
Sales and marketing		1,765		3,649
Research and development		1,679		3,478
General and administrative		2,877		8,808
Total impairment	$	8,032	$	20,081

The estimated fair value of the asset groups was determined by using a discounted cash flow method which is a non-recurring fair value measurement based on Level 3 inputs. Key inputs used in this estimate included projected sublease income and a discount rate which incorporated the risk of achievement associated with the forecast. Other than the aforementioned impairment losses, the Company did not recognize any other material impairment losses of long-lived assets for the three months ended April 30, 2025 and 2024.

Substantially all of the Company’s property and equipment, net, were concentrated in the United States as of April 30, 2025 and January 31, 2025.

Accounts payable and other accrued expenses consisted of the following (in thousands):


	As of
	April 30, 2025		January 31, 2025
Trade payables	$	6,175	$	6,032
Non-income tax liabilities		15,105		16,371
Cloud hosting costs		7,418		4,920
Marketing and advertising costs		4,320		645
Accrued interest payable		614		632
Income taxes payable		584		765
Other		9,824		10,817
Total accounts payable and other accrued expenses	$	44,040	$	40,182

Accrued personnel related expenses consisted of the following (in thousands):


	As of
	April 30, 2025		January 31, 2025
Payroll expenses	$	16,229	$	12,122
Accrued bonus		14,527		61,194
Commissions		7,214		6,844
Total accrued personnel related expenses	$	37,970	$	80,160