XML 51 R35.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value of Financial Instruments (Tables)
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company's assets and liabilities measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows:
January 31, 2026
(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Money market funds$36,227 $— $— $36,227 
Commercial paper— 29,895 — 29,895 
U.S. treasury securities— 29,876 — 29,876 
Total assets$36,227 $59,771 $— $95,998 
Liabilities:
Contingent consideration
$— $— $8,200 $8,200 
Total liabilities$— $— $8,200 $8,200 
January 31, 2025
(in thousands)Level 1Level 2Level 3Total
Assets:
Money market funds $36,371 $— $— $36,371 
Total assets$36,371 $— $— $36,371 
Liabilities:
Contingent consideration$— $— $45,000 $45,000 
Total liabilities$— $— $45,000 $45,000 
Schedule of Fair Value Measurement Inputs and Valuation Techniques The key inputs as of the acquisition date are outlined below:
Volatility15%
Revenue beta0.35
Expected timing of paymentFY 2026 - FY 2027
Discount rate
5.90% - 6.20%
The key inputs as of January 31, 2026 are outlined below:
Volatility12.9%
Revenue beta0.29
Expected timing of paymentFY 2027
Discount rate
8.84% - 8.90%
A rollforward of the fair value of the contingent consideration liability for the fiscal year ended January 31, 2026 is as follows:
(in thousands)
Balance as of January 31, 2025
$45,000 
Measurement period adjustment300 
Changes in fair value(1)
(28,600)
Payments made in the period
(8,500)
Balance as of January 31, 2026
$8,200 
(1)    Changes in fair value during fiscal year ended January 31, 2026, were primarily driven by a decline in the estimated achievement of the defined milestones.