v3.26.1
Business Combinations and Intangible Assets
 6 Months Ended
Jul. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations and Intangible Assets
Note 4 – Business Combinations and Intangible Assets
In June 2026, the Company completed two immaterial acquisitions for aggregate purchase consideration of $27.2 million and accounted for them as business combinations from the respective dates of acquisition. $3.8 million of the purchase consideration was allocated to intangible assets and $23.6 million was allocated to goodwill. The remaining assets acquired and liabilities assumed on the acquisition date were not material.
Acquired intangible assets are as follows (in thousands):
July 31, 2026
GrossAccumulated AmortizationNet
Acquired technology$32,441 $(18,833)$13,608 
Total$32,441 $(18,833)$13,608 
January 31, 2026
GrossAccumulated AmortizationNet
Acquired technology$28,641 $(12,838)$15,803 
Total$28,641 $(12,838)$15,803 
The Company recognized $3.2 million and $1.2 million in amortization expense related to acquired intangible assets for the three months ended July 31, 2026 and 2025, respectively, and $6.0 million and $2.2 million in amortization expense related to acquired intangible assets for the six months ended July 31, 2026 and 2025, respectively.
The following table summarizes the estimated future amortization expense of the acquired intangible assets as of July 31, 2026 (in thousands):
Fiscal yearAmount
Remainder of 2027$5,075 
20286,413 
20292,120 
Total$13,608