v3.25.2
Balance Sheet Components
 6 Months Ended
Jul. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Cash and Cash Equivalents, and Restricted Cash and Cash Equivalents
Cash and cash equivalents include interest-bearing bank deposits, money market funds and other highly liquid investments with maturities of 90 days or less at the date of purchase.
The Company had restricted cash and cash equivalents balances of $11.8 million and $11.9 million as of July 31, 2025 and January 31, 2025, respectively.
The restricted cash and cash equivalents balances as of July 31, 2025 and January 31, 2025 primarily consisted of $5.0 million of consideration placed in escrow in connection with the Sinergise acquisition and $4.0 million of collateral money market investments for the Company’s headquarters and other domestic office operating leases.
A reconciliation of the Company’s cash and cash equivalents, and restricted cash and cash equivalents in the condensed consolidated balance sheets to total cash and cash equivalents, and restricted cash and cash equivalents in the condensed consolidated statements of cash flows as of July 31, 2025 and January 31, 2025 is as follows:
 
(in thousands)July 31, 2025January 31, 2025
Cash and cash equivalents$181,087 $118,048 
Restricted cash and cash equivalents, current6,316 6,598
Restricted cash and cash equivalents, non-current5,527 5,348
Total cash, cash equivalents, and restricted cash and cash equivalents$192,930 $129,994 
Short-term Investments
Short-term investments consisted of the following as of July 31, 2025 and January 31, 2025:
July 31, 2025
Gross Unrealized
(in thousands)Cost or Amortized CostGainsLossesFair Value
U.S. Treasury securities$22,643 $3 $(39)$22,607 
Commercial paper2,190 — — 2,190 
Corporate bonds64,430 70 (9)64,491 
Certificates of deposit1,162 — — 1,162 
Total short-term investments$90,425 $73 $(48)$90,450 
January 31, 2025
Gross Unrealized
(in thousands)Cost or Amortized CostGainsLossesFair Value
U.S. Treasury securities$13,154 $— $(58)$13,096 
Commercial paper4,285 4 — 4,289 
Corporate bonds84,336 208 (16)84,528 
Certificates of deposit2,111 3 — 2,114 
Total short-term investments$103,886 $215 $(74)$104,027 
The following table summarizes the contracted maturities of the Company’s short-term investments as of July 31, 2025 and January 31, 2025:
July 31, 2025January 31, 2025
(in thousands)Amortized CostFair ValueAmortized CostFair Value
Due in 1 year or less$31,014 $31,037 $60,974 $61,174 
Due in 1-2 years59,411 59,413 42,912 42,853 
$90,425 $90,450 $103,886 $104,027 
Property and Equipment, Net
Property and equipment, net consists of the following:
(in thousands)July 31, 2025January 31, 2025
Satellites$252,982 $244,105 
Satellites in process and not placed into service74,481 65,451 
Leasehold improvements17,468 17,271 
Ground stations and ground station equipment22,410 21,270 
Office furniture, equipment and fixtures12,001 10,828 
Computer equipment and purchased software10,257 9,663 
Total property and equipment, gross$389,599 $368,588 
Less: Accumulated depreciation(258,311)(246,839)
Total property and equipment, net$131,288 $121,749 
Total depreciation expense for the three and six months ended July 31, 2025 was $8.4 million and $17.4 million, respectively, of which $7.3 million and $15.4 million, respectively, was depreciation expense specific to satellites. Total depreciation expense for the three and six months ended July 31, 2024 was $11.2 million and $22.2 million, respectively, of which $10.4 million and $20.7 million, respectively, was depreciation expense specific to satellites.
Capitalized Internal-Use Software Development Costs
Capitalized internal-use software costs, net of accumulated amortization consists of the following:
(in thousands)July 31, 2025January 31, 2025
Capitalized internal-use software$54,557 $51,526 
Less: Accumulated amortization(33,990)(32,552)
Capitalized internal-use software, net$20,567 $18,974 
Amortization expense for capitalized internal-use software for the three and six months ended July 31, 2025 was $0.7 million and $1.4 million, respectively. Amortization expense for capitalized internal-use software for the three and six months ended July 31, 2024 was $0.6 million and $1.2 million, respectively.
Goodwill and Intangible Assets
Goodwill and intangible assets consists of the following:
 July 31, 2025
January 31, 2025
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization 		 Foreign
Currency
Translation 		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization 		 Foreign
Currency
Translation 		 Net
Carrying
Amount
Developed technology$30,429 $(15,156)$264 $15,537 $30,429 $(13,790)$(634)$16,005 
Image library21,142(14,239)3177,22019,978(13,397)4977,078
Customer relationships7,143(4,545)612,6597,143(4,286)(147)2,710
Trade names and other6,389(5,219)381,2086,389(4,759)291,659
Total intangible assets$65,103 $(39,159)$680 $26,624 $63,939 $(36,232)$(255)$27,452 
Goodwill$135,981 $— $2,663 $138,644 $135,981 $— $368 $136,349 
Amortization expense for intangible assets for the three and six months ended July 31, 2025 was $1.5 million and $2.9 million, respectively. Amortization expense for intangible assets for the three and six months ended July 31, 2024 was $1.4 million and $2.8 million, respectively. No impairment charges were recognized related to intangible assets (including goodwill) for the three and six months ended July 31, 2025 and 2024.
The change in the carrying amount of goodwill during the six months ended July 31, 2025 and 2024 is as follows:
Six Months Ended
July 31,
(in thousands)20252024
Beginning of period$136,349 $136,256 
Addition— 1,068 
Currency translation adjustment2,295 1 
End of period$138,644 $137,325 
During the six months ended July 31, 2024, the Company paid $1.1 million of additional consideration in connection with the finalization of the net working capital adjustment relating to the Company’s acquisition of Sinergise. The additional amount was accounted for as a measurement period adjustment and resulted in a $1.1 million addition of goodwill during the six months ended July 31, 2024.
Accrued and Other Current Liabilities
Accrued liabilities and other current liabilities consist of the following:
(in thousands)July 31, 2025January 31, 2025
Deferred R&D service liability (see Note 8)$1,577 $4,723 
Payroll and related expenses6,333 8,059 
Deferred hosting costs5,072 5,190 
Withholding taxes and other taxes payable2,222 2,792 
Contingent consideration
6404,675
Escrow liability5,0005,000
Severance and other employee termination costs—250
Other accruals
11,59911,911
Total accrued and other current liabilities$32,443 $42,600