Income Taxes (Tables)

12 Months Ended

Jan. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Company's Loss Before Income Taxes

The Company’s loss before income taxes was as follows (in thousands):

	Year Ended January 31,
	2022			2021			2020
Domestic	$	(294,299	)	$	(86,845	)	$	(54,236	)
International		5,147			3,592			1,401
Loss before income taxes	$	(289,152	)	$	(83,253	)	$	(52,835	)

Schedule of Components of Provision for Income Taxes

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

	Year Ended January 31,
	2022			2021			2020
Current provisions for income taxes:
Federal	$	-		$	-		$	-
State		48			9			15
Foreign		1,125			401			520
Total current tax expense		1,173			410			535
Deferred tax expense:
Federal		-			-			-
State		-			-			-
Foreign		(187	)		(148	)		-
Total deferred tax expense		(187	)		(148	)		-
Provision for income taxes	$	986		$	262		$	535

Summary of Effective Income Tax Rate Reconciliation

The reconciliation of the statutory federal income tax and the Company's effective income tax is as follows:

	Year Ended January 31,
	2022				2021				2020
U.S. federal tax benefit at statutory rate		21.0		%		21.0		%		21.0		%
State income taxes, net of federal benefit		8.2				6.9				4.8
Foreign earnings taxed at different rate		0.6				0.6				(0.4	)
Stock-based compensation		13.1				8.0				(0.7	)
Non-deductible expenses and other		(0.7	)			(0.2	)			(1.1	)
Research and development credits		2.9				1.9				2.0
Change in valuation allowance, net		(45.4	)			(38.5	)			(26.6	)
Effective tax rate		(0.3	)	%		(0.3	)	%		(1.0	)	%

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s net deferred tax assets and liabilities were as follows (in thousands):

	Year Ended January 31,
	2022		2021		2020
Deferred tax assets:
Net operating losses	$	167,218	$	62,279	$	28,920
Deferred revenue		2,687		3,493		3,279
Lease liability		4,772		4,943		5,449
Other accruals		5,542		2,436		479
Stock-based compensation		25,772		1,963		1,459
Credit carryforwards		18,883		6,468		4,829
Total deferred tax assets	$	224,874	$	81,582	$	44,415

	Year Ended January 31,
	2022			2021			2020
Deferred tax liabilities:
Fixed assets	$	(2,837	)	$	(943	)	$	(489	)
Right-of-use asset		(3,953	)		(4,071	)		(4,650	)
Deferred commissions		(22,900	)		(12,974	)		(7,877	)
Total deferred tax liabilities	$	(29,690	)	$	(17,988	)	$	(13,016	)
Net deferred tax assets	$	195,184		$	63,594		$	31,399
Valuation allowance		(194,850	)		(63,446	)		(31,399	)
Deferred tax assets, net of valuation allowance	$	334		$	148		$	-

Summary of Reconciliation of Unrecognized Tax Benefits

The Company’s reconciliation of the total amounts of unrecognized tax benefits was as follows (in thousands):

	Year Ended January 31,
	2022		2021
Unrecognized tax benefits as of the beginning of the year	$	1,730	$	1,236
Increases related to prior year tax provisions		475		-
Decrease related to prior year tax provisions		-		(56	)
Increase related to current year tax provisions		2,644		550
Unrecognized tax benefits as of the end of the year	$	4,849	$	1,730