Goodwill and Intangible Assets

12 Months Ended

Jan. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table summarizes the changes in carrying amounts of goodwill:


	(in thousands)








Balance as of January 31, 2024	$	213,750
Foreign exchange fluctuations	(6,210)
Balance as of January 31, 2025	$	207,540
Foreign exchange fluctuations	20,398
Balance as of January 31, 2026	$	227,938

There was no impairment recognized for the years ended January 31, 2026, 2025, and 2024.

Intangible Assets

The following table presents the details of intangible assets:


	January 31, 2026
	Cost (1)		Accumulated Amortization (1)		Net (1)		Useful Life
	(amounts in thousands, useful lives in years)
Customer relationships	$	97,681	$	(42,442)	$	55,239	10
Developed technology	19,476		(14,181)		5,295		6
	$	117,157	$	(56,623)	$	60,534

_______________

(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.


	January 31, 2025
	Cost (1)		Accumulated Amortization (1)		Net (1)		Useful Life
	(amounts in thousands, useful lives in years)
Customer relationships	$	87,724	$	(29,371)	$	58,353	10
Developed technology	17,868		(10,046)		7,822		6
	$	105,592	$	(39,417)	$	66,175

_______________

(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.

Amortization expense for customer relationships and developed technology is shown as sales and marketing and cost of revenue, respectively, in the consolidated statements of operations.

Acquisition-related intangible assets included in the above table are finite-lived and are carried at cost less accumulated amortization. Intangible assets are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.

The following table presents the amortization expense related to intangible assets:


	Year ended January 31,
	2026		2025		2024
	(in thousands)
Amortization Expense	$	12,660	$	12,085	$	12,140

The following table presents the estimated aggregate amortization expense related to intangible assets:


Years Ending January 31,	(in thousands)
2027	$	13,092
2028	11,889
2029	9,829
2030	9,829
2031	9,829
Thereafter	6,066
Total amortization expense	$	60,534

The expected amortization expense is an estimate. Actual amounts of amortization may differ from estimated amounts due to additional intangible assets acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected useful lives of intangible assets, and other events.