Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives:
Property and EquipmentEstimated Useful Life
Computer and office equipment
Two to three years
Purchased softwareTwo years
ServersThree years
Furniture and fixturesFive years
Website costsThree years
Leasehold improvementsLesser of estimated useful life or remaining lease term
Property and equipment, net consists of the following (in thousands):
January 31, 2026January 31, 2025
Servers$881 $887 
Furniture and fixtures5,106 5,320 
Computer and office equipment8,099 7,209 
Purchased software809 872 
Leasehold improvements44,384 41,273 
Website costs969 969 
Construction in process705 386 
Finance lease right-of-use assets15,566 19,540 
Total property and equipment76,519 76,456 
Less: accumulated depreciation and amortization(36,746)(30,079)
Property and equipment, net$39,773 $46,377 

Historical Timeline

Fiscal YearFiled
2026Mar 11, 2026Showing above
2025Mar 21, 2025
2024Mar 15, 2024
2023Mar 17, 2023
2022Mar 18, 2022
2021Mar 22, 2021
2020Mar 27, 2020
2019Apr 1, 2019
2018Mar 30, 2018

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.