Property and Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property and Equipment, Net | Property and Equipment, Net Property and equipment, net, consist of the following (in thousands):
The total depreciation expense and amortization expense for property and equipment was $2.6 million and $2.4 million during the three months ended July 31, 2025 and 2024, respectively, and $5.3 million and $4.6 million during the six months ended July 31, 2025 and 2024, respectively. In the three and six months ended July 31, 2025, the Company removed $0.6 million and $0.8 million, respectively, of fixed assets. The remaining movement relates to the impact of foreign currency exchange rate fluctuations. During the three and six months ended July 31, 2024, the Company removed $0.2 million and $2.3 million, respectively, of fixed assets. In the three months ended July 31, 2024, the fixed assets removed had minimal net impact on the Company’s consolidated financial result. During the six months ended July 31, 2024, the fixed assets removed had a net book value of $0.3 million. We capitalized internal-use software of $1.3 million and $1.7 million during the three months ended July 31, 2025 and 2024, respectively, and $2.9 million and $3.3 million during the six months ended July 31, 2025 and 2024, respectively. Amortization for capitalized internal-use software costs recognized within cost of revenue on the consolidated statements of operations was $1.1 million and $0.8 million for the three months ended July 31, 2025 and 2024, respectively, and $2.0 million and $1.5 million during the six months ended July 31, 2025 and 2024, respectively.
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