Cash, Cash Equivalents and Short-Term Investments

3 Months Ended

Apr. 30, 2022

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Short-Term Investments

4. Cash, Cash Equivalents and Short-Term Investments

The following table summarizes our cash and cash equivalents by category (in thousands):

	April 30, 2022		January 31, 2022
Cash and cash equivalents:
Cash	$	284,968	$	884,672
Commercial paper	1,997		—
Money market funds	600,524		—
Total cash and cash equivalents	$	887,489	$	884,672

The following table summarizes our short-term investments by category (in thousands):

	As of April 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Short-term investments:
Commercial paper	$	14,528	$	—	$	(5)	$	14,523
Corporate debt securities	10,941		—		(29)		10,912
U.S. Treasury securities	21,892		—		(35)		21,857
Total short-term investments	$	47,361	$	—	$	(69)	$	47,292

As of January 31, 2022, the Company recorded $50.0 million of short-term investments, comprised of certificates of deposit with a bank with an original maturity of greater than three months at the date of purchase. Such investments were carried at amortized cost, which approximated their fair value.

The Company uses the specific-identification method to determine any realized gains or losses from the sale of our short-term investments classified as available-for-sale. During the three months ended April 30, 2022, the Company did not have any sale of our short-term investments classified as available-for-sale.

As of April 30, 2022, the Company does not have any cash equivalents and short-term investments that have been in a continuous unrealized gain or loss position for more than 12 months as of the periods presented. The following table summarizes unrealized losses on our cash equivalents and short-term investments by category that have been in a continuous unrealized loss position for less than 12 months as of the periods presented (in thousands):

	Fair Value		Gross Unrealized Losses
April 30, 2022
Commercial paper	$	14,533	$	(5)
Corporate debt securities	10,912		(29)
U.S. Treasury securities	21,857		(35)
Total cash equivalents and short-term investments	$	47,302	$	(69)

The following table classifies our short-term investments by contractual maturities (in thousands):

	April 30, 2022				January 31, 2022
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within 1 year	$	31,484	$	31,459	$	50,031	$	50,031
Due between 1 year to 5 years	15,877		15,833		—		—
Total	$	47,361	$	47,292	$	50,031	$	50,031

All available-for-sale securities have been classified as current, based on management’s ability to use the funds in current operations.