XML 33 R27.htm IDEA: XBRL DOCUMENT v3.24.3
Financial Instruments and Fair Value (Tables)
9 Months Ended
Oct. 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 October 31, 2024

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

82

 

 

$

 

 

$

 

 

$

82

 

Commercial paper

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

53,537

 

 

 

134

 

 

 

(148

)

 

 

53,523

 

Asset-backed securities

 

 

20,688

 

 

 

15

 

 

 

(91

)

 

 

20,612

 

U.S. government securities

 

 

25,474

 

 

 

 

 

 

(207

)

 

 

25,267

 

Total cash equivalents and marketable debt securities

 

$

99,781

 

 

$

149

 

 

$

(446

)

 

$

99,484

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 October 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 October 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

 

$

23,362

 

 

$

(126

)

 

$

5,103

 

 

$

(22

)

 

$

28,465

 

 

$

(148

)

Asset-backed securities

 

 

9,132

 

 

 

(62

)

 

 

4,998

 

 

 

(29

)

 

 

14,130

 

 

 

(91

)

U.S. government securities

 

 

20,486

 

 

 

(181

)

 

 

4,782

 

 

 

(26

)

 

 

25,268

 

 

 

(207

)

Total marketable debt securities at loss position

 

$

52,980

 

 

$

(369

)

 

$

14,883

 

 

$

(77

)

 

$

67,863

 

 

$

(446

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

October 31, 2024

 

 

January 31, 2024

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

82

 

 

$

31,103

 

Included in marketable debt securities

 

 

99,402

 

 

 

75,013

 

Total cash equivalents and marketable debt securities

 

$

99,484

 

 

$

106,116

 

 

Summary of Contractual Maturities of Available-for-sale Securities

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

 

 

 

As of

 

 

 

October 31, 2024

 

 

January 31, 2024

 

 

 

(in thousands)

 

Due within one year

 

$

30,384

 

 

$

50,216

 

Due in 1 - 5 years

 

 

69,100

 

 

 

55,900

 

Total cash equivalents and marketable debt securities

 

$

99,484

 

 

$

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 October 31, 2024 and January 31, 2024, respectively:

 

 

 

As of October 31, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

82

 

 

$

82

 

 

$

 

 

$

 

Commercial paper

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

53,523

 

 

 

 

 

 

53,523

 

 

 

 

Asset-backed securities

 

 

20,612

 

 

 

 

 

 

20,612

 

 

 

 

U.S. government securities

 

 

25,267

 

 

 

 

 

 

25,267

 

 

 

 

Total cash equivalents and marketable debt securities

$

99,484

 

 

$

82

 

$

99,402

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

$