Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 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 October 31, 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 October 31, 2024
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	150,934	$	—	$	—	$	150,934
Short-term investments:
U.S. government treasury securities	1,629,038		—		—		1,629,038
Total financial assets	$	1,779,972	$	—	$	—	$	1,779,972

	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 October 31, 2024 and January 31, 2024 (in thousands):

	October 31, 2024						January 31, 2024
	Amortized Cost		Net Unrealized Gains (Losses)		Fair Value		Amortized Cost		Net Unrealized Gains (Losses)		Fair Value
Due within one year	$	909,218	$	825	$	910,043	$	520,006	$	(543)	$	519,463
Due after one year and within three years	718,407		588		718,995		690,211		2,774		692,985
Total short-term investments	$	1,627,625	$	1,413	$	1,629,038	$	1,210,217	$	2,231	$	1,212,448