| 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 April 30, 2026 |
|
|
Gross Fair
Value |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Weighted
Average
Remaining
Useful Life
(years) |
Customer relationships |
|
$ |
208,733 |
|
|
$ |
(98,428 |
) |
|
$ |
110,305 |
|
|
6.7 |
Developed technology |
|
|
162,401 |
|
|
|
(105,916 |
) |
|
|
56,485 |
|
|
2.8 |
Trade names |
|
|
6,753 |
|
|
|
(6,654 |
) |
|
|
99 |
|
|
0.5 |
Total |
|
$ |
377,887 |
|
|
$ |
(210,998 |
) |
|
$ |
166,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of January 31, 2026 |
|
|
Gross Fair
Value |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Weighted
Average
Remaining
Useful Life
(years) |
Customer relationships |
|
$ |
208,733 |
|
|
$ |
(93,910 |
) |
|
$ |
114,823 |
|
|
7.0 |
Developed technology |
|
|
162,401 |
|
|
|
(100,649 |
) |
|
|
61,752 |
|
|
3.1 |
Trade names |
|
|
6,753 |
|
|
|
(6,585 |
) |
|
|
168 |
|
|
0.7 |
Total |
|
$ |
377,887 |
|
|
$ |
(201,144 |
) |
|
$ |
176,743 |
|
|
|
Amortization expense for intangible assets was as follows for the three months ended April 30, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended April 30, |
|
|
|
2026 |
|
|
2025 |
|
Platform cost of revenue |
|
$ |
4,933 |
|
|
$ |
5,533 |
|
Professional services and other
cost of revenue |
|
|
334 |
|
|
|
334 |
|
Sales and marketing |
|
|
4,587 |
|
|
|
5,515 |
|
Total |
|
$ |
9,854 |
|
|
$ |
11,382 |
|
As of April 30, 2026, estimated future amortization expense related to the intangible assets is as follows (in thousands):
|
|
|
|
|
Fiscal |
|
|
|
2027 (remainder) |
|
$ |
29,063 |
|
2028 |
|
|
37,610 |
|
2029 |
|
|
35,101 |
|
2030 |
|
|
18,605 |
|
2031 |
|
|
15,870 |
|
Thereafter |
|
|
30,640 |
|
Total |
|
$ |
166,889 |
|
Goodwill Goodwill was $860.3 million as of January 31, 2026 and remained unchanged as of April 30, 2026. There was no impairment of goodwill during the three months ended April 30, 2026 and 2025.
|