The estimated useful lives for significant property and equipment categories are as follows:
Computer equipment, office equipment, and software
3 to 5 years
Furniture and fixtures
7 years
Leasehold improvementsShorter of lease term or estimated useful life of assets
Property and equipment, net, consist of the following (in thousands):
January 31,
20262025
Capitalized internal-use software$24,993 $19,144 
Computer equipment, office equipment, and software13,898 10,659 
Leasehold improvements24,667 20,945 
Furniture and fixtures10,178 8,364 
Total property and equipment73,736 59,112 
Less: accumulated depreciation and amortization(30,219)(20,562)
Total property and equipment, net$43,517 $38,550 

Historical Timeline

Fiscal YearFiled
2026Mar 25, 2026Showing above
2025Mar 31, 2025
2024Apr 1, 2024
2023Mar 31, 2023
2022Mar 31, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.