v3.22.4
Income Taxes (Tables)
12 Months Ended
Jan. 31, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign The Company’s geographical breakdown of its loss before provision for income taxes for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 is as follows (in thousands):
Year Ended January 31,
202320222021
Domestic$(195,042)$(179,334)$(94,713)
International35,159 19,311 6,844 
Loss before provision for income taxes$(159,883)$(160,023)$(87,869)
Schedule of Components of Income Tax Expense (Benefit) The components of the provision for income taxes during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 are as follows (in thousands):
Year Ended January 31,
202320222021
Current
Federal$— $— $— 
State855 611 401 
Foreign20,241 85,700 5,811 
Total current21,096 86,311 6,212 
Deferred
Federal135 (363)(136)
State89 (63)(317)
Foreign1,082 (13,530)(999)
Total deferred1,306 (13,956)(1,452)
Provision for income taxes$22,402 $72,355 $4,760 
Schedule of Effective Income Tax Rate Reconciliation The following table provides a reconciliation between income taxes computed at the federal statutory rate and the provision for income taxes during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 (in thousands):
As of January 31,
202320222021
Provision for income taxes at statutory rate$(33,777)$(33,605)$(18,453)
State income taxes, net of federal benefits944 673 — 
Foreign tax rate differential
11,003 574 1,994 
Research and other credits(19,465)(19,113)(9,373)
Stock-based compensation(47,335)(145,964)(140,489)
Non-deductible expenses2,800 2,783 2,212 
Change in valuation allowance102,892 210,680 168,869 
Tax impact of restructuring5,340 57,236 — 
Other — (909)— 
Provision for income taxes$22,402 $72,355 $4,760 
Schedule of Deferred Tax Assets and Liabilities Significant components of the Company’s deferred tax assets and liabilities as of January 31, 2023 and January 31, 2022 are as follows (in thousands):
As of January 31,
20232022
Deferred tax assets
Net operating loss carryforwards$441,352 $428,238 
Research and other credit carryforwards75,712 56,539 
Intangible assets62,650 61,008 
Stock-based compensation44,861 33,202 
Deferred revenue109,919 34,425 
Accrued expenses17,890 12,550 
Operating lease liabilities13,013 10,144 
Capitalized research and development286,124 154,625 
Other, net— 4,514 
Gross deferred assets1,051,521 795,245 
Less: Valuation allowance(910,070)(770,861)
Total deferred tax assets141,451 24,384 
Deferred tax liabilities
Property and equipment, net(24,096)(8,769)
Capitalized commissions(99,397)(1,632)
Operating right-of-use assets(12,285)(9,256)
Other, net(1,220)— 
Total deferred tax liabilities(136,998)(19,657)
Net deferred tax assets$4,453 $4,727 
Schedule of Unrecognized Tax Benefits Roll Forward The following is a rollforward of the total gross unrecognized tax benefits for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 (in thousands):
Balance as of February 1, 2020$5,469 
Increases in prior period tax positions
6,926 
Increases in current period tax positions12,052 
Balance as of January 31, 202124,447 
Increases in prior period tax positions186 
Decreases in prior period tax positions(9,772)
Increases in current period tax positions11,463 
Balance as of January 31, 202226,324 
Decreases in prior period tax positions(2,122)
Increases in current period tax positions12,699 
Balance as of January 31, 2023$36,901