Property and Equipment, Net

6 Months Ended

Jul. 31, 2025

Property, Plant and Equipment [Abstract]

Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following:


(in thousands)	July 31, 2025		January 31, 2025
Computer software	$	25,486	$	24,086
Office equipment	23,611		23,529
Furniture and fixtures	7,827		7,894
Leasehold improvements	60,273		59,944
Construction in progress	17		27
Software in progress	352		548
Total property and equipment, gross	117,566		116,028
Less: accumulated depreciation	(81,844)		(76,339)
Total property and equipment, net	$	35,722	$	39,689

As of July 31, 2025 and January 31, 2025, the Company's property and equipment, net attributable to the United States was 92% and 91%, respectively. No other individual country represented more than 10% of the total property and equipment, net as of those periods. Depreciation expense was $2.7 million and $5.5 million for the three and six months ended July 31, 2025, respectively, and $2.9 million and $5.8 million for the three and six months ended July 31, 2024, respectively.