Prepaid expenses consisted of the following (in thousands):


	As of
	April 30, 2026		January 31, 2026
Prepaid software and subscriptions	$	18,304	$	16,757
Prepaid insurance		2,412		1,057
Prepaid cloud hosting costs		2,664		3,198
Other		5,230		4,882
Total prepaid expenses	$	28,610	$	25,894

Internal-use software development costs were as follows (in thousands):


	As of
	April 30, 2026			January 31, 2026
Internal-use software development costs, gross	$	111,409		$	105,260
Less: Accumulated amortization		(71,565	)		(66,014	)
Internal-use software development costs, net	$	39,844		$	39,246

Capitalized software development costs were $6.1 million and $5.8 million for the three months ended April 30, 2026 and 2025, respectively. Amortization expense for software development costs was $5.6 million and $5.0 million for the three months ended April 30, 2026 and 2025, respectively. Amortization had not started on $3.4 million and $2.4 million of capitalized internal-use software development costs that were not yet ready for their intended use as of April 30, 2026 and January 31, 2026, respectively.

As of April 30, 2026, expected future amortization expense related to capitalized internal-use software development costs was as follows (in thousands):


Fiscal
2027 (remainder)	$	16,339
2028		15,781
2029		7,221
2030		503
Total	$	39,844

Property and equipment consisted of the following (in thousands, except years):


	As of
	April 30,			January 31,			Estimated Useful Lives
	2026			2026			in Years
Computer equipment	$	18,055		$	17,026		3
Office equipment		7,130			7,128		3
Furniture and fixtures		11,627			11,630		5
Leasehold improvements		55,050			55,043		3 to 7
Construction in progress		200			—
Property and equipment, gross		92,062			90,827
Less: Accumulated depreciation		(55,078	)		(51,925	)
Total property and equipment, net	$	36,984		$	38,902

Depreciation expense was $3.2 million and $3.6 million for the three months ended April 30, 2026 and 2025.

There was no impairment of long-lived assets during the three months ended April 30, 2026. In the three months ended April 30, 2025, the Company recorded impairment charges related to the ceased use of certain office space and determined to sublease such space for the remainder of the lease term, which resulted in the Company reassessing its asset groupings. The Company determined the office space asset groups, comprised primarily of an ROU asset, the related leasehold improvements and other property and equipment, were impaired and recorded an aggregate impairment loss of $8.0 million, to reduce the carrying value of the asset groups to their estimated fair value. The impairments resulted in a reduction of the ROU asset by $1.9 million, and leasehold improvements, furniture and fixtures and office equipment by $6.1 million.

The impairments were recorded in the unaudited condensed consolidated statement of operations as follows (in thousands):


	Three Months Ended April 30,
	2025
Platform cost of revenue	$	960
Professional services and other cost of revenue		751
Sales and marketing		1,765
Research and development		1,679
General and administrative		2,877
Total impairment	$	8,032

The estimated fair value of the asset groups was determined by using a discounted cash flow method which is a non-recurring fair value measurement based on Level 3 inputs. Key inputs used in this estimate included projected sublease income and a discount rate which incorporated the risk of achievement associated with the forecast.

Substantially all of the Company’s property and equipment, net, were concentrated in the United States as of April 30, 2026 and January 31, 2026.

Accounts payable and other accrued expenses consisted of the following (in thousands):


	As of
	April 30, 2026		January 31, 2026
Trade payables	$	19,231	$	10,046
Non-income tax liabilities		13,473		14,663
Cloud hosting costs		7,134		9,868
Accrued employee benefits		4,487		4,274
Income taxes payable		363		652
Other		11,277		12,759
Total accounts payable and other accrued expenses	$	55,965	$	52,262

Accrued personnel related expenses consisted of the following (in thousands):


	As of
	April 30, 2026		January 31, 2026
Payroll expenses	$	20,041	$	14,001
Accrued bonus		15,090		61,081
Commissions		7,293		8,013
Total accrued personnel related expenses	$	42,424	$	83,095