Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2025

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 January 31, 2025
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	825,044	$	825,044	$	—	$	—
Treasury bills	17,965		—		17,965		—
Agency Bonds	23,992		—		23,992		—

Cash equivalents	867,001		825,044		41,957		—
Commercial paper	20,841		—		20,841		—
Agency bonds	1,174,484		—		1,174,484		—
Corporate and other debt securities	720,795		—		720,795		—
U.S. government agency securities	4,415,930		—		4,415,930		—
Treasury bills	110,279		—		110,279		—
Marketable securities	6,442,329		—		6,442,329		—




Publicly held equity securities included in strategic investments	35,280		35,280		—		—
Privately held debt securities included in strategic investments	4,450		—		—		4,450
Total financial assets	$	7,349,060	$	860,324	$	6,484,286	$	4,450


	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		—
U.S. government agency securities	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