The estimated useful lives of property and equipment are as follows:
Computer equipment and software
2-3 years
Furniture, vehicles and office equipment
3 years
Leasehold improvementsShorter of remaining lease term or estimated useful life
Property and equipment, net consisted of the following (in thousands):
As of January 31,
20252026
Capitalized internal-use software development costs
$65,225$76,434
Computer equipment and software
2,0692,290
Leasehold improvements
4,9045,031
Furniture, vehicles and office equipment
1,7451,800
73,94385,555
Less accumulated depreciation and amortization
(45,318)(56,585)
$28,625$28,970

Historical Timeline

Fiscal YearFiled
2026Apr 16, 2026Showing above
2025Apr 4, 2025
2024Mar 28, 2024

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.