Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets that have been measured at fair value on a recurring basis as of April 30, 2024 and January 31, 2024 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):

	Fair Value Measurement as of April 30, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	477,496	$	—	$	—	$	477,496
Short-term investments:
U.S. government treasury securities	1,258,292		—		—		1,258,292
Prepaid expenses and other current assets:
Derivative asset	—		170,215		—		170,215
Total financial assets	$	1,735,788	$	170,215	$	—	$	1,906,003

	Fair Value Measurement as of January 31, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	512,456	$	—	$	—	$	512,456
Short-term investments:
U.S. government treasury securities	1,212,448		—		—		1,212,448
Total financial assets	$	1,724,904	$	—	$	—	$	1,724,904

Schedule of Marketable Securities

The following table summarizes the amortized cost and fair value of the Company’s short-term investments by remaining contractual maturity as of April 30, 2024 and January 31, 2024 (in thousands):

	April 30, 2024						January 31, 2024
	Amortized Cost		Unrealized Losses		Fair Value		Amortized Cost		Unrealized Gains (Losses)		Fair Value
Due within one year	$	676,643	$	(1,758)	$	674,885	$	520,006	$	(543)	$	519,463
Due after one year and within three years	588,959		(5,552)		583,407		690,211		2,774		692,985
Total short-term investments	$	1,265,602	$	(7,310)	$	1,258,292	$	1,210,217	$	2,231	$	1,212,448