Income Taxes (Tables)

12 Months Ended

Jan. 31, 2020

Schedule of Income before Income Tax, Domestic and Foreign

The Company’s geographical breakdown of its loss before provision for income taxes for the years ended January 31, 2020, January 31, 2019, and January 31, 2018 is as follows:


	Year Ended January 31,
	2020		2019		2018
	(in thousands)
Domestic	$	(149,807)	$	(143,308)	$	(137,523)
International	10,025		4,598		2,962
Loss before provision for income taxes	$	(139,782)	$	(138,710)	$	(134,561)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes as of January 31, 2020, January 31, 2019, and January 31, 2018 are as follows:


	Year Ended January 31,
	2020			2019		2018
			(in thousands)
Current
Federal	$	—		$	—	$	—
State	(104)			(304)		(240)
Foreign	(2,574)			(1,481)		(800)
Total current	(2,678)			(1,785)		(1,040)
Deferred
Federal	362			—		—
State	57			—		—
Foreign	262			418		111
Total deferred	681			418		111
Provision for income taxes	$	(1,997)		$	(1,367)	$	(929)

Schedule of Effective Income Tax Rate Reconciliation

The following table provides a reconciliation between income taxes computed at the federal statutory rate and the provision for income taxes as of January 31, 2020, January 31, 2019, and January 31, 2018:


	Year Ended January 31,
	2020		2019		2018
	(in thousands)
Provision for income taxes at statutory rate	$	29,354	$	29,129	$	44,265
State income taxes, net of federal benefit	(25)		(245)		(162)
Foreign earnings at different rates	(207)		(97)		285
Research and other credits	1,534		3,769		2,621
Stock-based compensation	43,477		(2,414)		(3,738)
Non-deductible expenses	(1,773)		(1,833)		(1,142)
Change in unrecognized tax benefits	2,659		—		—
Impact of U.S. tax reform	—		—		(36,146)
Transition tax	—		—		(521)
Valuation allowance	(77,016)		(29,676)		(6,391)
Provision for income taxes	$	(1,997)	$	(1,367)	$	(929)

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of January 31, 2020 and January 31, 2019 are as follows:


	Year Ended January 31,
	2020		2019
	(in thousands)
Deferred tax assets
Net operating loss carryforwards	$	166,083	$	95,619
Research credit carryforwards	15,355		11,102
Intangible assets	78		307
Stock-based compensation	8,716		498
Deferred revenue	21,012		12,245
Accrued expenses	2,555		1,712
Other	950		1,009
Gross deferred assets	214,749		122,492
Less: Valuation allowance	(207,596)		(120,391)
Total deferred tax assets	7,153		2,101
Deferred tax liabilities
Property and equipment, net	(2,534)		(1,890)
Capitalized Commissions	(4,456)		—
Intangible assets	—		(310)
Deferred revenue	—		—
Total deferred tax liabilities	(6,990)		(2,200)
Net deferred tax assets (liabilities)	$	163	$	(99)

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a rollforward of the total gross unrecognized tax benefits for the years ended January 31, 2020, January 31, 2019, and January 31, 2018 (in thousands):


Balance as of February 1, 2017	$	5,060
Increases in current period tax positions	3,068
Balance as of January 31, 2018	8,128
Increases in current period tax positions	—
Balance as of January 31, 2019	8,128
Reductions in prior period tax positions	(2,659)
Balance as of January 31, 2020	$	5,469