Fair Value Measurements (Tables)

6 Months Ended

Jul. 31, 2026

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

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


	As of July 31, 2026
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	427,186	$	427,186	$	—	$	—
Treasury bills	9,987		—		9,987		—
Commercial paper	72,869		—		72,869		—
Corporate and other debt securities	3,077		—		3,077		—
Cash equivalents	513,119		427,186		85,933		—
U.S. government agency securities	2,651,480		—		2,651,480		—
Agency bonds	921,817		—		921,817		—
Corporate and other debt securities	2,111,509		—		2,111,509
Treasury bills	114,957		—		114,957		—
Commercial paper	517,966		—		517,966
Marketable securities	6,317,729		—		6,317,729		—




Privately held debt securities included in strategic investments	3,988		—		—		3,988
Total financial assets	$	6,834,836	$	427,186	$	6,403,662	$	3,988


	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		—
U.S. government agency securities	5,383,887		—		5,383,887		—
Agency bonds	1,095,471		—		1,095,471		—

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