Income Taxes (Tables)

12 Months Ended

Jan. 31, 2024

Income Tax Disclosure [Abstract]

Components of loss before provision for income taxes

The components of loss before provision for income taxes were as follows (in thousands):

	Years Ended January 31,
	2024		2023		2022
United States	$	(138,936)	$	(253,433)	$	(161,502)
Foreign	(24,580)		(79,821)		(141,387)
Total	$	(163,516)	$	(333,254)	$	(302,889)

Components of the provision for income taxes

The components of the provision for income taxes were as follows (in thousands):

	Years Ended January 31,
	2024		2023		2022
Current:
Federal	$	522	$	844	$	426
State	289		59		80
Foreign	13,363		11,812		6,005
Total	14,174		12,715		6,511
Deferred:
Federal	42		(13)		(1,574)
State	46		24		6
Foreign	(1,178)		(582)		(966)
Total	(1,090)		(571)		(2,534)
Provision for income taxes	$	13,084	$	12,144	$	3,977

Schedule of effective income tax rate reconciliation

The items accounting for the difference between income taxes computed at the federal statutory income tax rate and the provision for income taxes consisted of the following (in thousands):

	Years Ended January 31,
	2024		2023		2022
Income tax benefit at statutory rate	$	(34,339)	$	(69,983)	$	(63,606)
State taxes, net of federal benefit	265		66		68
Impact of foreign income taxes	17,371		27,892		34,730
Foreign branch income included in the United States	1,525		1,353		1,175
Stock-based compensation	(64,721)		(39,669)		(138,842)
Non-deductible expenses	17,863		1,318		2,200
Officer compensation in excess of $1 million	8,729		7,085		9,117
Change in valuation allowance	100,548		106,156		175,664
Research and development credits	(31,596)		(19,395)		(14,932)
Foreign tax credit	(3,014)		(3,349)		(2,470)
Foreign withholding tax expense	522		844		426
Prior year true ups	(47)		(278)		447
Other	(22)		104		—
Provision for income taxes	$	13,084	$	12,144	$	3,977

Components of deferred tax assets for federal and state income taxes

Significant components of the Company’s deferred tax assets are shown in the following table as of January 31, 2024 and 2023, respectively (in thousands):

	Years Ended January 31,
	2024		2023
Deferred tax assets:
Net operating loss carryforwards	$	753,189	$	689,166
Deferred revenue	67,167		82,607
Finance and operating lease liabilities	19,282		22,182
Capitalized research and development costs	125,142		68,409
Other reserves	20,729		24,195
Gross deferred tax assets	985,509		886,559
Valuation allowance	(903,663)		(809,006)
Total deferred tax assets, net of valuation allowance	81,846		77,553
Deferred tax liabilities:
Finance and operating lease right-of-use assets	(13,204)		(15,962)
Convertible senior notes	—		—
Deferred commission	(61,483)		(52,194)
Other liabilities and accruals	(3,326)		(7,058)
Total deferred tax liabilities	(78,013)		(75,214)
Net deferred tax assets	$	3,833	$	2,339

Summary of activity within unrecognized gross tax benefits

The following table summarizes the changes in the Company’s unrecognized gross tax benefits during the periods presented (in thousands):

	Years Ended January 31,
	2024		2023		2022
Unrecognized tax benefits at beginning of year	$	29,284	$	22,698	$	17,484
Increase (decrease) in tax positions in prior years	1,692		(177)		(1,894)
Additions based on tax positions in the current year	50,628		6,763		7,108
Unrecognized tax benefits at end of year	$	81,604	$	29,284	$	22,698