Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2026

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, 2026
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	724,236	$	724,236	$	—	$	—
Treasury bills	16,876		—		16,876		—
Agency bonds	22,298		—		22,298		—

Cash equivalents	763,410		724,236		39,174		—

Agency bonds	1,095,471		—		1,095,471		—

U.S. government agency securities	5,383,887		—		5,383,887		—
Treasury bills	64,673		—		64,673		—
Marketable securities	6,544,031		—		6,544,031		—





Privately held debt securities included in strategic investments	3,968		—		—		3,968
Total financial assets	$	7,311,409	$	724,236	$	6,583,205	$	3,968


	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