Goodwill is not amortized but is subject to periodic testing for impairment at the reporting unit level, which is at or one level below the operating segment level. The Company operates as one operating segment, which represents its one reporting unit. The test for impairment is conducted annually each November 1st, or more frequently if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount.

On February 7, 2025, the Company completed its acquisition of Places Scout and during the three months ended April 30, 2025, the Company recorded additional measurement period adjustments upon finalizing the accounting for its acquisition of Hearsay, which resulted in the following changes in the carrying amount of goodwill. See Note 4 "Business Combinations" for additional information.


(in thousands)
Balance as of January 31, 2025	$	96,782
Goodwill acquired - Places Scout	13,801
Measurement period adjustments related to Hearsay acquisition	(189)
Effect of foreign currency translation on Goodwill acquired	292
Balance as of July 31, 2025	$	110,686

The Company determined that no events occurred or circumstances changed that would more likely than not reduce the fair value of the Company's reporting unit below its carrying amount during the reporting periods ended July 31, 2025 and January 31, 2025. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.

The Company’s intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives, which range from approximately 2 to 15 years. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company has no indefinite-lived intangible assets.

The Company determined that no events occurred or circumstances changed during the reporting periods ended July 31, 2025 and 2024 that would indicate that its intangible assets with finite lives may not be recoverable. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future.

Amortization expense was $4.0 million and $8.2 million for the three and six months ended July 31, 2025, respectively and less than $0.1 million for the three and six months ended July 31, 2024.

The gross carrying amount and accumulated amortization of intangible assets other than goodwill are as follows:


	As of July 31, 2025
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life
Domains	$	365	$	(232)	$	133	5.6
Customer relationships (1)	77,100		(6,162)		70,938		11.9
Technology (2)	30,400		(8,827)		21,573		2.6
Trademarks (3)	850		(283)		567		2.0
Total as of July 31, 2025	$	108,715	$	(15,504)	$	93,211	9.7

	As of January 31, 2025
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life
Domains	$	365	$	(221)	$	144	6.0
Customer relationships	76,200		(2,931)		73,269		12.5
Technology	24,200		(4,033)		20,167		2.5
Trademarks	800		(133)		667		2.5
Total as of January 31, 2025	$	101,565	$	(7,318)	$	94,247	10.1