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CASH AND CASH EQUIVALENTS, INVESTMENTS, AND FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
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 April 30, 2026 and January 31, 2026 (in thousands):
As of April 30, 2026
Fair Value Level
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value
Assets
Cash and cash equivalents:
Cash$93,301 $— $— $93,301 
Money market fundsLevel 159,927 — — 59,927 
Total cash and cash equivalents$153,228 $— $— $153,228 
Short-term investments:
U.S. treasury securitiesLevel 1$286,587 $420 $(6)$287,001 
Commercial paperLevel 229,077 — (22)29,055 
Corporate notes and bondsLevel 2178,798 260 (52)179,006 
U.S. agency securitiesLevel 28,500 — (3)8,497 
Total short-term investments$502,962 $680 $(83)$503,559 
Long-term investments:
Strategic investments - marketable equity securities (1)
Level 1$3,347 
Total assets measured at fair value$660,134 
(1) Unrealized losses of $1.0 million on marketable equity securities held as of April 30, 2026 were recognized in other income, net during the three months ended April 30, 2026.
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 fundsLevel 144,754 — — 44,754 
Total cash and cash equivalents$169,627 $— $— $169,627 
Short-term investments:
U.S. treasury securitiesLevel 1$271,254 $786 $— $272,040 
Corporate notes and bondsLevel 2177,892 610 — 178,502 
U.S. agency securitiesLevel 28,500 — (1)8,499 
Total short-term investments$457,646 $1,396 $(1)$459,041 
Long-term investments:
U.S. treasury securitiesLevel 1$45,754 $227 $— $45,981 
Corporate notes and bondsLevel 258,473 238 — 58,711 
Total long-term investments$104,227 $465 $— $104,692 
Total assets measured at fair value$731,500 $1,861 $(1)$733,360 
Schedule of Fair Value of Derivative Instruments
The following table summarizes the fair value of our derivative instruments on the condensed consolidated balance sheets (in thousands):
As of April 30,As of January 31,
ClassificationFair Value Level20262026
Foreign currency forward contracts not designated as hedging instruments:
Derivative assetPrepaid expenses and other current assetsLevel 2$962 $— 
Derivative liabilityAccrued expenses and other current liabilitiesLevel 2— 574