| Intangible Assets and Goodwill |
7.Intangible Assets and Goodwill Intangible Assets The net book values of intangible assets were as follows (in thousands, except years):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of July 31, 2025 |
|
|
Gross Fair
Value |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Weighted
Average
Remaining
Useful Life
(years) |
Customer relationships |
|
$ |
205,233 |
|
|
$ |
(83,646 |
) |
|
$ |
121,587 |
|
|
7.4 |
Developed technology |
|
|
159,001 |
|
|
|
(88,944 |
) |
|
|
70,057 |
|
|
3.4 |
Trade names |
|
|
6,683 |
|
|
|
(6,139 |
) |
|
|
544 |
|
|
0.7 |
Total |
|
$ |
370,917 |
|
|
$ |
(178,729 |
) |
|
$ |
192,188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of January 31, 2025 |
|
|
Gross Fair
Value |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Weighted
Average
Remaining
Useful Life
(years) |
Customer relationships |
|
$ |
205,233 |
|
|
$ |
(73,248 |
) |
|
$ |
131,985 |
|
|
7.7 |
Developed technology |
|
|
159,001 |
|
|
|
(77,210 |
) |
|
|
81,791 |
|
|
3.8 |
Trade names |
|
|
6,683 |
|
|
|
(5,507 |
) |
|
|
1,176 |
|
|
1.1 |
Total |
|
$ |
370,917 |
|
|
$ |
(155,965 |
) |
|
$ |
214,952 |
|
|
|
Amortization expense for intangible assets was as follows for the three and six months ended July 31, 2025 and 2024 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
Six Months Ended July 31, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Platform cost of revenue |
|
$ |
5,533 |
|
|
$ |
5,533 |
|
|
$ |
11,066 |
|
|
$ |
10,836 |
|
Professional services and other
cost of revenue |
|
|
334 |
|
|
|
334 |
|
|
|
668 |
|
|
|
1,118 |
|
Sales and marketing |
|
|
5,515 |
|
|
|
5,606 |
|
|
|
11,030 |
|
|
|
11,056 |
|
Total |
|
$ |
11,382 |
|
|
$ |
11,473 |
|
|
$ |
22,764 |
|
|
$ |
23,010 |
|
As of July 31, 2025, estimated future amortization expense related to the intangible assets is as follows (in thousands):
|
|
|
|
|
Fiscal |
|
|
|
2026 (remainder) |
|
$ |
22,007 |
|
2027 |
|
|
37,690 |
|
2028 |
|
|
36,422 |
|
2029 |
|
|
33,921 |
|
2030 |
|
|
17,425 |
|
Thereafter |
|
|
44,723 |
|
Total |
|
$ |
192,188 |
|
Goodwill Goodwill was $845.8 million as of January 31, 2025 and remained unchanged as of July 31, 2025. There was no impairment of goodwill during the six months ended July 31, 2025 and 2024.
|