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Financial Instruments and Fair Value (Tables)
 6 Months Ended
Jul. 31, 2024
Investments, All Other Investments [Abstract]  
Schedule of Available-for-Sale Securities at Fair Value All of the money market funds and debt security investments are classified as available-for-sale securities and reported at fair value in the condensed consolidated balance sheets as follows:

 

 

 

As of July 31, 2024

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

1,299

 

 

$

—

 

 

$

—

 

 

$

1,299

 

Commercial paper

 

 

17,857

 

 

 

—

 

 

 

—

 

 

 

17,857

 

Corporate bonds

 

 

44,533

 

 

 

103

 

 

 

(108

)

 

 

44,528

 

Asset-backed securities

 

 

11,003

 

 

 

4

 

 

 

(67

)

 

 

10,940

 

U.S. government securities

 

 

23,965

 

 

 

1

 

 

 

(98

)

 

 

23,868

 

Total cash equivalents and marketable debt securities

 

$

98,657

 

 

$

108

 

 

$

(273

)

 

$

98,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2024

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

296

 

 

$

—

 

 

$

—

 

 

$

296

 

Commercial paper

 

 

30,806

 

 

 

—

 

 

 

—

 

 

 

30,806

 

Corporate bonds

 

 

38,867

 

 

 

180

 

 

 

(135

)

 

 

38,912

 

Asset-backed securities

 

 

15,212

 

 

 

14

 

 

 

(96

)

 

 

15,130

 

U.S. government securities

 

 

21,118

 

 

 

—

 

 

 

(146

)

 

 

20,972

 

Total cash equivalents and marketable debt securities

 

$

106,299

 

 

$

194

 

 

$

(377

)

 

$

106,116

 
Schedule of Available-for-Sale Securities Unrealized Loss Position at Fair Value The following table provides the breakdown of unrealized losses from available-for-sale securities as of July 31, 2024 and January 31, 2024, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position:

 

 

 

As of July 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

 

(in thousands)

 

Corporate bonds

 

$

15,299

 

 

$

(18

)

 

$

12,095

 

 

$

(90

)

 

$

27,394

 

 

$

(108

)

Asset-backed securities

 

 

1,138

 

 

 

—

 

 

 

7,551

 

 

 

(67

)

 

 

8,689

 

 

 

(67

)

U.S. government securities

 

 

3,454

 

 

 

—

 

 

 

17,152

 

 

 

(98

)

 

 

20,606

 

 

 

(98

)

Total marketable debt securities at loss position

 

$

19,891

 

 

$

(18

)

 

$

36,798

 

 

$

(255

)

 

$

56,689

 

 

$

(273

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2024

 

 

 

Less than 12 Months

 

 

12 Months or Greater

 

 

Total

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

 

(in thousands)

 

Corporate bonds

 

$

9,050

 

 

$

(19

)

 

$

8,363

 

 

$

(116

)

 

$

17,413

 

 

$

(135

)

Asset-backed securities

 

 

4,821

 

 

 

(15

)

 

 

6,289

 

 

 

(81

)

 

 

11,110

 

 

 

(96

)

U.S. government securities

 

 

15,020

 

 

 

(65

)

 

 

5,952

 

 

 

(81

)

 

 

20,972

 

 

 

(146

)

Total marketable debt securities at loss position

 

$

28,891

 

 

$

(99

)

 

$

20,604

 

 

$

(278

)

 

$

49,495

 

 

$

(377

)

Schedule of Cash Equivalents and Marketable Debt Securities

 

 

As of

 

 

 

July 31, 2024

 

 

January 31, 2024

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

32,612

 

 

$

31,103

 

Included in marketable debt securities

 

 

65,880

 

 

 

75,013

 

Total cash equivalents and marketable debt securities

 

$

98,492

 

 

$

106,116

 

 
Summary of Contractual Maturities of Available-for-sale Securities

The contractual maturities of available-for-sale securities at July 31, 2024 and January 31, 2024 were as follows:

 

 

 

As of

 

 

 

July 31, 2024

 

 

January 31, 2024

 

 

 

(in thousands)

 

Due within one year

 

$

66,783

 

 

$

50,216

 

Due in 1 - 5 years

 

 

31,709

 

 

 

55,900

 

Total cash equivalents and marketable debt securities

 

$

98,492

 

 

$

106,116

 
Schedule of Fair Value of Available-for-sale Securities Measured on Recurring Basis

The following tables present the fair value of available-for-sale securities measured on a recurring basis as of July 31, 2024 and January 31, 2024, respectively:

 

 

 

As of July 31, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

1,299

 

 

$

1,299

 

 

$

—

 

 

$

—

 

Commercial paper

 

 

17,857

 

 

 

—

 

 

 

17,857

 

 

 

—

 

Corporate bonds

 

 

44,528

 

 

 

—

 

 

 

44,528

 

 

 

—

 

Asset-backed securities

 

 

10,940

 

 

 

—

 

 

 

10,940

 

 

 

—

 

U.S. government securities

 

 

23,868

 

 

 

—

 

 

 

23,868

 

 

 

—

 

Total cash equivalents and marketable debt securities

$

98,492

 

 

$

1,299

 

$

97,193

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

$

296

 

 

$

296

 

 

$

—

 

 

$

—

 

Commercial paper

 

 

30,806

 

 

 

—

 

 

 

30,806

 

 

 

—

 

Corporate bonds

 

 

38,912

 

 

 

—

 

 

 

38,912

 

 

 

—

 

Asset-backed securities

 

 

15,130

 

 

 

—

 

 

 

15,130

 

 

 

—

 

U.S. government securities

 

 

20,972

 

 

 

—

 

 

 

20,972

 

 

 

—

 

Total cash equivalents and marketable debt securities

$

106,116

 

 

$

296

 

$

105,820

 

 

$

—