Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

The following tables summarize the assets measured at fair value on a recurring basis as of January 31, 2025 and October 31, 2025 by level within the fair value hierarchy (in thousands):

	January 31, 2025
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	15,056	$	—	$	—	$	15,056
Financial liability:
Warrant liability	$	—	$	—	$	11,208	$	11,208

	October 31, 2025
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	12,445	$	—	$	—	$	12,445
Financial liability:
Warrant liability	$	—	$	—	$	18,786	$	18,786

Change in Fair Value of Warrant Liability

The changes in the fair value of the warrant liability were as follows (in thousands):

Balance as of January 31, 2025	$	11,208
Change in fair value of Class B common stock warrants	(1,158)
Balance as of April 30, 2025	10,050
Change in fair value of Class B common stock warrants	10,441
Balance as of July 31, 2025	20,491
Change in fair value of Class B common stock warrants	(1,704)
Balance as of October 31, 2025	$	18,787

Schedule of Valuation Assumptions Used in Warrant Liabilities

The value of the warrant liabilities are estimated using the Black-Scholes option-pricing model with the following assumptions:

	Nine Months Ended October 31,
	2025
Expected stock price volatility	63% - 72%
Expected term	2.3 - 3.6 years
Risk-free interest rate	3.58% - 4.32%
Expected dividend yield	—