CASH AND CASH EQUIVALENTS, INVESTMENTS, AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 31, 2024

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables summarize information about our cash, cash equivalents, and investments by investment category as of October 31, 2024 and January 31, 2024 (in thousands):


	As of October 31, 2024
	Fair Value Level	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Assets
Cash and cash equivalents:
Cash		$	86,320	$	—	$	—	$	86,320
Money market funds	Level 1	149,422		—		—		149,422


Total cash and cash equivalents		$	235,742	$	—	$	—	$	235,742
Short-term investments:
U.S. Treasury securities	Level 1	$	102,526	$	146	$	(1)	$	102,671

Corporate notes and bonds	Level 2	207,437		441		(46)		207,832
U.S. agency securities	Level 2	113,831		196		(13)		114,014
Total short-term investments		$	423,794	$	783	$	(60)	$	424,517
Long-term investments:
U.S. Treasury securities	Level 1	$	208,798	$	1,107	$	(291)	$	209,614

Corporate notes and bonds	Level 2	216,716		1,045		(373)		217,388
U.S. agency securities	Level 2	13,457		4		(82)		13,379
Total long-term investments		$	438,971	$	2,156	$	(746)	$	440,381

Total assets measured at fair value		$	1,098,507	$	2,939	$	(806)	$	1,100,640


	As of January 31, 2024
	Fair Value Level	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Assets
Cash and cash equivalents:
Cash		$	43,925	$	—	$	—	$	43,925
Money market funds	Level 1	204,481		—		—		204,481
Certificates of deposit	Level 2	8,245		—		—		8,245


Total cash and cash equivalents		$	256,651	$	—	$	—	$	256,651
Short-term investments:
U.S. Treasury securities	Level 1	$	234,776	$	—	$	(1,053)	$	233,723

Corporate notes and bonds	Level 2	279,248		12		(1,068)		278,192
U.S. agency securities	Level 2	157,873		18		(501)		157,390
Total short-term investments		$	671,897	$	30	$	(2,622)	$	669,305
Long-term investments:
U.S. Treasury securities	Level 1	$	27,175	$	121	$	—	$	27,296

Corporate notes and bonds	Level 2	69,970		279		(67)		70,182
U.S. agency securities	Level 2	90,924		303		(48)		91,179
Total long-term investments		$	188,069	$	703	$	(115)	$	188,657

Total assets measured at fair value		$	1,116,617	$	733	$	(2,737)	$	1,114,613