Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2024

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following tables present information about our financial instruments that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value:


	As of October 31, 2024
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	774,293	$	774,293	$	—	$	—
Treasury bills	43,775		—		43,775		—
Commercial paper	991		—		991		—

Cash equivalents	819,059		774,293		44,766		—
Commercial paper	18,707		—		18,707		—
Agency bonds	1,414,848		—		1,414,848		—
Corporate and other debt securities	722,001		—		722,001		—
U.S. government agency securities	4,104,053		—		4,104,053		—
Treasury bills	168,605		—		168,605		—
Marketable securities	6,428,214		—		6,428,214		—
Certificate of deposit included in prepaid expenses and other current assets	252		—		252		—


Publicly held equity securities included in strategic investments	30,520		30,520		—		—
Privately held debt securities included in strategic investments	4,437		—		—		4,437
Total financial assets	$	7,282,482	$	804,813	$	6,473,232	$	4,437


	As of January 31, 2024
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	851,100	$	851,100	$	—	$	—
Treasury bills	100,629		—		100,629		—
Corporate debt securities	2,715		—		2,715		—
Agency bonds	20,155		—		20,155		—
Cash equivalents	974,599		851,100		123,499		—
Commercial paper	41,564		—		41,564		—
Agency bonds	1,666,683		—		1,666,683		—
Corporate and other debt securities	663,159		—		663,159		—
U.S. government agency securities	3,004,842		—		3,004,842		—
Treasury bills	27,985		—		27,985		—
Marketable securities	5,404,233		—		5,404,233		—


Certificates of deposit included in other assets, noncurrent	254		—		254		—
Publicly held equity securities included in strategic investments	23,160		23,160		—		—
Privately held debt securities included in strategic investments	3,828		—		—		3,828
Total financial assets	$	6,406,074	$	874,260	$	5,527,986	$	3,828