Fair Value of Financial Instruments (Tables)

9 Months Ended

Oct. 31, 2024

Summary of Estimated Fair Value of Cash Equivalents and Short-term Investments

Financial assets subject to the fair value disclosure requirements are included in the tables below. All of our financial assets are classified as Level 1. The estimated fair value of cash equivalents and short-term investments were as follows (in thousands):


	October 31,		January 31,
	2024		2024
Cash equivalents:
Money market funds	$	95,482	$	189,268
U.S. treasury securities		1,543		—
Total cash equivalents		97,025		189,268
Short-term investments:
U.S. treasury securities		89,150		61,484
Non-U.S. government issued securities		—		5,464
Total short-term investments (1)		89,150		66,948
Total cash equivalents and short-term investments (1)	$	186,175	$	256,216

(1)

As of January 31, 2024, we had a certificate of deposit for a total of $30.0 million with an original maturity of more than three months and less than twelve months that is classified as a short-term investment in our condensed consolidated balance sheet. This certificate of deposit is not included in the table above as it does not meet the definition of a security.

Summary of Contractual Maturities of Cash Equivalents and Short-Term Investments

As of October 31, 2024, contractual maturities of our cash equivalents and short-term investments were as follows (in thousands):


	October 31,
	2024
Due within one year	$	181,208
Due between one to five years		4,967
Total	$	186,175