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Financial Instruments and Fair Value (Tables)
12 Months Ended
Jan. 31, 2025
Investments, All Other Investments [Abstract]  
Schedule of Available-for-Sale Securities at Fair Value All of the investments are classified as available-for-sale securities and reported at fair value in the consolidated balance sheets as follows:

 

 

 

As of January 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

849

 

 

$

 

 

$

 

 

$

849

 

Fixed deposits

 

 

3,000

 

 

 

 

 

 

 

 

 

3,000

 

Commercial paper

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

55,138

 

 

 

111

 

 

 

(123

)

 

 

55,126

 

Asset-backed securities

 

 

20,412

 

 

 

20

 

 

 

(67

)

 

 

20,365

 

U.S. government securities

 

 

30,326

 

 

 

8

 

 

 

(182

)

 

 

30,152

 

Total cash equivalents and marketable debt securities

 

$

109,725

 

 

$

139

 

 

$

(372

)

 

$

109,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2024

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

296

 

 

$

 

 

$

 

 

$

296

 

Fixed deposits

 

 

7,000

 

 

 

 

 

 

 

 

 

7,000

 

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

 

$

113,299

 

 

$

194

 

 

$

(377

)

 

$

113,116

 

Schedule of Available-for-Sale Securities Unrealized Loss Position at Fair Value The following table provides the breakdown of unrealized losses as of January 31, 2025 and 2024, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position:

 

 

 

As of January 31, 2025

 

 

 

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

 

$

23,200

 

 

$

(116

)

 

$

2,144

 

 

$

(7

)

 

$

25,344

 

 

$

(123

)

Asset-backed securities

 

 

8,052

 

 

 

(51

)

 

 

4,343

 

 

 

(16

)

 

 

12,395

 

 

 

(67

)

U.S. government securities

 

 

20,380

 

 

 

(169

)

 

 

4,809

 

 

 

(13

)

 

 

25,189

 

 

 

(182

)

Total marketable debt securities at loss position

 

$

51,632

 

 

$

(336

)

 

$

11,296

 

 

$

(36

)

 

$

62,928

 

 

$

(372

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

January 31, 2025

 

 

January 31, 2024

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

3,849

 

 

$

38,103

 

Included in marketable debt securities

 

 

105,643

 

 

 

75,013

 

Total cash equivalents and marketable debt securities

 

$

109,492

 

 

$

113,116

 

Summary of Contractual Maturities of Investments

The contractual maturities of the investments at January 31, 2025 and 2024 were as follows:

 

 

 

As of

 

 

 

January 31, 2025

 

 

January 31, 2024

 

 

 

(in thousands)

 

Due within one year

 

$

35,405

 

 

$

57,216

 

Due in 1-5 years

 

 

74,087

 

 

 

55,900

 

Total cash equivalents and marketable debt securities

 

$

109,492

 

 

$

113,116

 

Schedule of Fair Value of Financial Instruments Measured on Recurring Basis

The following tables present the fair value of the financial instruments measured on a recurring basis as of January 31, 2025 and 2024, respectively:

 

 

 

As of January 31, 2025

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

$

849

 

 

$

849

 

 

$

 

 

$

 

Fixed deposits

 

 

3,000

 

 

 

3,000

 

 

 

 

 

 

 

Commercial paper

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

55,126

 

 

 

 

 

 

55,126

 

 

 

 

Asset-backed securities

 

 

20,365

 

 

 

 

 

 

20,365

 

 

 

 

U.S. government securities

 

 

30,152

 

 

 

 

 

 

30,152

 

 

 

 

Total cash equivalents and marketable debt securities

$

109,492

 

 

$

3,849

 

$

105,643

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2024

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

$

296

 

 

$

296

 

 

$

 

 

$

 

Fixed deposits

 

 

7,000

 

 

 

7,000

 

 

 

 

 

 

 

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

$

113,116

 

 

$

7,296

 

$

105,820

 

 

$