| 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 July 31, 2026 |
|
|
Gross Fair
Value |
|
|
Accumulated
Amortization |
|
|
Net Book
Value |
|
|
Weighted
Average
Remaining
Useful Life
(years) |
Customer relationships |
|
$ |
208,733 |
|
|
$ |
(102,948 |
) |
|
$ |
105,785 |
|
|
6.5 |
Developed technology |
|
|
162,401 |
|
|
|
(111,182 |
) |
|
|
51,219 |
|
|
2.6 |
Trade names |
|
|
6,753 |
|
|
|
(6,721 |
) |
|
|
32 |
|
|
0.7 |
Total |
|
$ |
377,887 |
|
|
$ |
(220,851 |
) |
|
$ |
157,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 and six months ended July 31, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended July 31, |
|
|
Six Months Ended July 31, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Platform cost of revenue |
|
$ |
4,933 |
|
|
$ |
5,533 |
|
|
$ |
9,866 |
|
|
$ |
11,066 |
|
Professional services and other
cost of revenue |
|
|
334 |
|
|
|
334 |
|
|
|
668 |
|
|
|
668 |
|
Sales and marketing |
|
|
4,586 |
|
|
|
5,515 |
|
|
|
9,173 |
|
|
|
11,030 |
|
Total |
|
$ |
9,853 |
|
|
$ |
11,382 |
|
|
$ |
19,707 |
|
|
$ |
22,764 |
|
As of July 31, 2026, estimated future amortization expense related to the intangible assets is as follows (in thousands):
|
|
|
|
|
Fiscal |
|
|
|
2027 (remainder) |
|
$ |
19,209 |
|
2028 |
|
|
37,610 |
|
2029 |
|
|
35,101 |
|
2030 |
|
|
18,605 |
|
2031 |
|
|
15,870 |
|
Thereafter |
|
|
30,641 |
|
Total |
|
$ |
157,036 |
|
Goodwill Goodwill was $860.3 million as of January 31, 2026 and remained unchanged as of July 31, 2026. There was no impairment of goodwill during the six months ended July 31, 2026 and 2025.
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