v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) before Income Tax, Domestic and Foreign
The Company’s geographical breakdown of its income (loss) before provision for income taxes for the fiscal years ended January 31, 2025, January 31, 2024, and January 31, 2023 is as follows (in thousands):
Year Ended January 31,
202520242023
Domestic$62,385 $99,241 $(195,042)
International(7,851)23,576 35,159 
Income (loss) before provision for income taxes$54,534 $122,817 $(159,883)
Schedule of Components of Income Tax Expense (Benefit)
The components of the provision for income taxes during the fiscal years ended January 31, 2025, January 31, 2024, and January 31, 2023 are as follows (in thousands):
Year Ended January 31,
202520242023
Current
Federal$431 $272 $— 
State2,493 4,462 855 
Foreign78,109 30,885 20,241 
Total current81,033 35,619 21,096 
Deferred
Federal323 (307)135 
State(204)(343)89 
Foreign(10,022)(2,737)1,082 
Total deferred(9,903)(3,387)1,306 
Provision for income taxes$71,130 $32,232 $22,402 
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, 2025, January 31, 2024, and January 31, 2023 (in thousands):
As of January 31,
202520242023
Provision for income taxes at statutory rate$11,452 $25,527 $(33,777)
State income taxes, net of federal benefits2,289 4,118 944 
Effects of foreign operations
10,236 22,425 11,003 
Research and other credits(36,669)(21,182)(19,465)
Stock-based compensation(125,590)(31,852)(47,335)
Non-deductible expenses6,904 4,604 2,800 
Change in valuation allowance152,608 28,810 102,892 
Tax impact of foreign transactions49,883 — 5,340 
Other 17 (218)— 
Provision for income taxes$71,130 $32,232 $22,402 
Schedule of Deferred Tax Assets and Liabilities
Significant components of the Company’s deferred tax assets and liabilities as of January 31, 2025 and January 31, 2024 are as follows (in thousands):
As of January 31,
20252024
Deferred tax assets
Net operating loss carryforwards$400,277 $420,803 
Research and other credit carryforwards144,068 100,002 
Intangible assets117,620 81,551 
Stock-based compensation60,290 33,885 
Deferred revenue209,357 169,777 
Accrued expenses29,833 23,956 
Operating lease liabilities17,418 20,613 
Capitalized research and development473,889 320,708 
Other, net13,898 — 
Gross deferred assets1,466,650 1,171,295 
Less: Valuation allowance(1,192,366)(957,710)
Total deferred tax assets274,284 213,585 
Deferred tax liabilities
Property and equipment, net(64,576)(51,335)
Capitalized commissions(171,349)(128,302)
Intangible assets(6,921)(6,489)
Operating right-of-use assets(16,853)(19,956)
Other, net— (277)
Total deferred tax liabilities(259,699)(206,359)
Net deferred tax assets$14,585 $7,226 
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, 2025, January 31, 2024, and January 31, 2023 (in thousands):
Balance as of February 1, 2022$26,324 
Decreases in prior period tax positions
(2,122)
Increases in current period tax positions12,699 
Balance as of January 31, 202336,901 
Increases in prior period tax positions4,757 
Decreases in prior period tax positions(1,321)
Increases in current period tax positions18,538 
Balance as of January 31, 202458,875 
Increases in current period tax positions66,354 
Increases in prior period tax positions890 
Decreases in prior period tax positions(5,285)
Settlements with taxing authorities(2,882)
Statute of limitations expirations(151)
Impact from currency fluctuations(261)
Balance as of January 31, 2025$117,540