Intangible Assets and Goodwill

6 Months Ended

Jul. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible Assets, Net

Acquired intangible assets, net consisted of the following as of July 31, 2026 (dollars in thousands):


	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net		Weighted-Average Remaining Useful Life (years)
Developed technology	$	80,519	$	(33,018)	$	47,501	4.3
Customer relationships	69,567		(16,363)		53,204		5.9
Trade names and trademarks	815		(516)		299		1.7
Other intangibles	1,231		(756)		475		5.4
Total	$	152,132	$	(50,653)	$	101,479

Acquired intangible assets, net consisted of the following as of January 31, 2026 (dollars in thousands):


	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net		Weighted-Average Remaining Useful Life (years)
Developed technology	$	37,716	$	(28,021)	$	9,695	3.1
Customer relationships	20,910		(11,546)		9,364		2.3
Trade names and trademarks	826		(430)		396		2.2
Other intangibles	1,231		(697)		534		5.7
Total	$	60,683	$	(40,694)	$	19,989

We record amortization expense associated with acquired developed technology in cost of licenses revenue and cost of subscription services revenue, trade names and trademarks in sales and marketing expense, customer relationships in sales and marketing expense, and other intangibles in general and administrative expense in the condensed consolidated statements of operations. Amortization of acquired intangible assets was $6.0 million and $2.3 million for the three months ended July 31, 2026 and 2025, respectively, and $10.6 million and $3.7 million for the six months ended July 31, 2026 and 2025, respectively.

Expected future amortization expense related to intangible assets was as follows as of July 31, 2026 (in thousands):


	Amount
Remainder of year ending January 31, 2027	$	11,825
Year ending January 31,
2028	22,896
2029	18,320
2030	17,120
2031	15,953
Thereafter	15,365
Total	$	101,479

Goodwill

Changes in the carrying amount of goodwill during the six months ended July 31, 2026 were as follows (in thousands):


	Carrying Amount
Balance as of January 31, 2026	$	125,310
Acquisition of WorkFusion	58,157
Measurement period adjustment — Peak	(2,000)
Effect of foreign currency translation	(1,986)
Balance as of July 31, 2026	$	179,481