FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jan. 31, 2026

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table summarizes information about our cash, cash equivalents, and investments by investment category for the periods presented (in thousands):


	As of January 31, 2026
	Fair Value Level	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Assets
Cash and cash equivalents:
Cash		$	124,873	$	—	$	—	$	124,873
Money market funds	Level 1	44,754		—		—		44,754



Total cash and cash equivalents		$	169,627	$	—	$	—	$	169,627
Short-term investments:
U.S. Treasury securities	Level 1	$	271,254	$	786	$	—	$	272,040

Corporate notes and bonds	Level 2	177,892		610		—		178,502
U.S. agency securities	Level 2	8,500		—		(1)		8,499
Total short-term investments		$	457,646	$	1,396	$	(1)	$	459,041
Long-term investments:
U.S. Treasury securities	Level 1	$	45,754	$	227	$	—	$	45,981

Corporate notes and bonds	Level 2	58,473		238		—		58,711

Total long-term investments		$	104,227	$	465	$	—	$	104,692

Total assets measured at fair value		$	731,500	$	1,861	$	(1)	$	733,360


	As of January 31, 2025
	Fair Value Level	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Assets
Cash and cash equivalents:
Cash		$	94,728	$	—	$	—	$	94,728
Money market funds	Level 1	61,962		—		—		61,962
U.S. Treasury securities	Level 1	9,969		3		—		9,972
Commercial paper	Level 2	19,914		—		(2)		19,912
Total cash and cash equivalents		$	186,573	$	3	$	(2)	$	186,574
Short-term investments:
U.S. Treasury securities	Level 1	$	208,918	$	284	$	(74)	$	209,128
Commercial paper	Level 2	24,606		1		(2)		24,605
Corporate notes and bonds	Level 2	238,610		586		(6)		239,190
U.S. agency securities	Level 2	62,257		151		—		62,408
Total short-term investments		$	534,391	$	1,022	$	(82)	$	535,331
Long-term investments:
U.S. Treasury securities	Level 1	$	208,104	$	787	$	(203)	$	208,688

Corporate notes and bonds	Level 2	173,882		573		(331)		174,124
U.S. agency securities	Level 2	13,458		—		(63)		13,395
Total long-term investments		$	395,444	$	1,360	$	(597)	$	396,207

Total assets measured at fair value		$	1,116,408	$	2,385	$	(681)	$	1,118,112

Schedule of Fair Value of Derivative Instruments

The following table summarizes the fair value of our derivative instruments on the consolidated balance sheets (in thousands):


	Classification	Fair Value Level	As of January 31,
			2026		2025
Derivative Liabilities:
Foreign currency forward contracts not designated as hedging instruments	Accrued expenses and other current liabilities	Level 2	$	574	$	—