Prepaid expenses and other current assets consisted of the following (in thousands):


	July 31,		January 31,
	2026		2026
Prepaid expenses	$	113,139	$	155,901
Inventory, net	6,757		5,676
Contract assets, current	6,189		3,845
Other current assets	15,981		14,943
Total prepaid expenses and other current assets	$	142,066	$	180,365


	July 31,		January 31,
	2026		2026
Equipment	$	103,417	$	87,483
Capitalized internal-use software	68,887		53,265
Leasehold improvements	23,632		28,335
Furniture and fixtures	7,074		7,030
Total property and equipment, gross	203,010		176,113
Less: accumulated depreciation and amortization	(110,243)		(92,283)
Total property and equipment, net	$	92,767	$	83,830

Depreciation expense related to the Company’s property and equipment, which did not include amortization expense related to capitalized internal-use software, was $5.2 million and $4.4 million for the three months ended July 31, 2026 and 2025, respectively, and $10.3 million and $8.8 million for the six months ended July 31, 2026 and 2025, respectively.

Amortization expense relating to capitalized internal-use software was $4.1 million and $2.8 million for the three months ended July 31, 2026 and 2025, respectively, and $8.3 million and $5.5 million for the six months ended July 31, 2026 and 2025, respectively.

Accrued expenses and other current liabilities consisted of the following (in thousands):


	July 31,		January 31,
	2026		2026
Accrued expenses	$	52,563	$	60,257
Accrued bonuses	32,158		56,630
Accrued sales commissions	28,182		36,958
Accrued payroll-related expenses, taxes, and benefits	51,867		58,170
Operating lease liabilities	16,691		12,709
Other	833		5,252
Total accrued expenses and other current liabilities	$	182,294	$	229,976