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Fair Value Measurements (Tables)
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes our financial assets that are measured at fair value on a recurring basis:
January 31, 2026
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$248,251 $— $— $248,251 
Level 2:
Available-for-sale securities
Commercial paper32,611 (6)32,612 
Corporate notes and bonds425,648 806 (77)426,377 
U.S. governmental securities13,498 (11)13,488 
Level 2 total471,757 814 (94)472,477 
Total$720,008 $814 $(94)$720,728 


January 31, 2025
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$183,885 $— $— $183,885 
Level 2:
Available-for-sale securities
Commercial paper31,367 12 (8)31,371 
Corporate notes and bonds399,034 522 (378)399,178 
U.S. governmental securities18,500 (21)18,480 
Level 2 total448,901 535 (407)449,029 
Total$632,786 $535 $(407)$632,914 
(1)Included in "cash and cash equivalents" in our consolidated balance sheets as of January 31, 2026 and 2025, in addition to cash of $354.1 million and $464.7 million
Schedule of Fair Value of Available-for-sale Marketable Securities by Remaining Contractual Maturities
The fair value of our available-for-sale securities as of January 31, 2026, by remaining contractual maturities, were as follows (in thousands):
Due in one year or less$264,084 
Due in one to two years208,393 
$472,477