v3.26.1
Property and Equipment, Net
 6 Months Ended
Jul. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):

July 31, 2026January 31, 2026
Leasehold improvements$139,682 $133,374 
Computers, equipment, and software72,062 69,213 
Furniture and fixtures35,444 32,548 
Capitalized software development costs
232,538 231,131 
Construction in progress—capitalized software development costs
— 4,973 
Construction in progress—other6,983 17,274 
Total property and equipment, gross486,709 488,513 
Less: accumulated depreciation and amortization(1)
(278,728)(239,902)
Total property and equipment, net$207,981 $248,611 
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(1)Includes $183.8 million and $154.6 million of accumulated amortization related to capitalized software development costs as of July 31, 2026 and January 31, 2026, respectively.

Depreciation and amortization expense was $26.4 million and $53.4 million for the three and six months ended July 31, 2026, respectively. Included in these amounts were the amortization of capitalized software development costs of $15.7 million and $32.7 million for the three and six months ended July 31, 2026, respectively.

Depreciation and amortization expense was $27.0 million and $51.7 million for the three and six months ended July 31, 2025, respectively. Included in these amounts was the amortization of capitalized software development costs of $17.0 million and $33.8 million for the three and six months ended July 31, 2025, respectively.

Impairment charges were not material for the six months ended July 31, 2026. During the six months ended July 31, 2025, the Company recognized impairment charges of $20.8 million, mainly for leasehold improvements and furniture and fixtures, primarily relating to the cease-use of its San Mateo office facility. Such impairment charges were recorded as general and administrative expenses on the condensed consolidated statement of operations. See Note 11, “Commitments and Contingencies,” for further details.