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Balance Sheet Components
 12 Months Ended
Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
January 31,
20242023
Data center and other computer equipment$525,890 $297,585 
Capitalized internal-use software and website development costs183,117 113,276 
Leasehold improvements39,168 24,944 
Purchased software10,907 6,384 
Furniture and equipment8,524 7,412 
Construction in progress190,832 259,013 
958,438 708,614 
Less: Accumulated depreciation and amortization(338,266)(216,279)
Property and equipment, net$620,172 $492,335 
Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $167.5 million and $245.4 million as of January 31, 2024 and January 31, 2023, respectively.
Depreciation and amortization expense of property and equipment was $126.8 million, $77.2 million, and $54.4 million, during the fiscal years ended January 31, 2024, January 31, 2023, and January 31, 2022, respectively.
The Company capitalized $77.9 million, $49.3 million, and $30.7 million in internal-use software and website development costs during the fiscal years ended January 31, 2024, January 31, 2023, and January 31, 2022, respectively. Amortization expense associated with internal-use software and website development costs totaled $37.3 million, $21.5 million, and $12.4 million during the fiscal years ended January 31, 2024, January 31, 2023, and January 31, 2022, respectively. The net book value of capitalized internal-use software and website development costs was $106.9 million and $66.3 million as of January 31, 2024 and January 31, 2023, respectively.
Intangible Assets, Net
Total intangible assets, net consisted of the following (dollars in thousands):
January 31, 2024Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$131,346 $41,854 $89,492 60
Customer relationships17,027 5,825 11,202 68
Intellectual property and other acquired intangible assets15,842 2,018 13,824 123
Total$164,215 $49,697 $114,518 
January 31, 2023Weighted-Average Remaining Useful Life
Gross Carrying AmountAccumulated AmortizationNet Amount
(in months)
Developed technology$101,452 $25,866 $75,586 68
Customer relationships12,0323,831 8,201 61
Intellectual property and other acquired intangible assets4,717 1,615 3,102 147
Total$118,201 $31,312 $86,889 
Amortization expense of intangible assets was $18.4 million, $16.6 million, and $12.9 million, during the fiscal years ended January 31, 2024, January 31, 2023, and January 31, 2022, respectively.
The estimated aggregate future amortization expense of intangible assets as of January 31, 2024 was as follows (in thousands):
Total
Fiscal 2025$23,089 
Fiscal 202621,990 
Fiscal 202719,817 
Fiscal 202819,326 
Fiscal 202916,573 
Thereafter13,723 
Total amortization expense$114,518 
Goodwill
The change in goodwill during the fiscal year ended January 31, 2024 consisted of the following (in thousands):
Amounts
Goodwill as of January 31, 2023$430,645 
Goodwill acquired (1)
207,450 
Foreign currency translation(54)
Goodwill as of January 31, 2024$638,041 
__________________________________
(1)Goodwill acquired resulted from the acquisition of Bionic Technology. Refer to Note 11 for additional information.
Accrued Expenses
Accrued expenses consisted of the following (in thousands):
January 31,
20242023
Web hosting services$40,706 $65,589 
Accrued purchases of property and equipment16,190 20,157 
Accrued marketing14,623 11,435 
Accrued partner commissions13,584 5,800 
Other accrued expenses13,512 9,487 
Accrued professional services11,867 13,281 
Accrued interest expense10,375 10,375 
Accrued health benefits and claims5,039 1,760 
Accrued expenses$125,896 $137,884 
Accrued Payroll and Benefits
Accrued payroll and benefits consisted of the following (in thousands):
January 31,
20242023
Accrued commissions$116,870 $77,287 
Accrued payroll and related expenses58,579 39,907 
Accrued bonuses36,860 34,098 
Employee Stock Purchase Plan22,315 17,475 
Accrued payroll and benefits$234,624 $168,767