Cash, Cash Equivalents and Short-Term Investments (Tables)

3 Months Ended

Apr. 30, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Short Term Investments

The following table summarizes the Company’s cash equivalents and short-term investments by category (in thousands):

	As of April 30, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Level 1:
Cash equivalents (1)
Money market funds	$	259,744	$	—	$	—	$	259,744
Level 2:
Cash equivalents (1)
U.S. Treasury securities	57,887		—		(3)		57,884
Commercial paper	12,916		—		(3)		12,913
Total cash equivalents	330,547		—		(6)		330,541
Short-term investments
Commercial paper	27,592		2		(17)		27,577
Corporate debt securities	212,399		30		(692)		211,737
U.S. Agency securities	48,848		—		(153)		48,695
U.S. Treasury securities	353,904		—		(740)		353,164
Total short-term investments	642,743		32		(1,602)		641,173
Level 2 total	713,546		32		(1,608)		711,970
Total cash equivalents and short-term investments	$	973,290	$	32	$	(1,608)	$	971,714

(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of April 30, 2024, in addition to cash of $89.8 million.

	As of January 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Level 1:
Cash equivalents (1)
Money market funds	$	187,175	$	—	$	—	$	187,175
Level 2:
Cash equivalents (1)
U.S. Treasury securities	15,909		—		(2)		15,907
Commercial paper	3,962		—		(1)		3,961
Total cash equivalents	207,046		—		(3)		207,043
Short-term investments
Commercial paper	23,229		14		(1)		23,242
Corporate debt securities	231,219		740		(250)		231,709
U.S. Agency securities	56,324		29		(136)		56,217
U.S. Treasury securities	437,369		141		(389)		437,121
Total short-term investments	748,141		924		(776)		748,289
Level 2 total	768,012		924		(779)		768,157
Total cash equivalents and short-term investments	$	955,187	$	924	$	(779)	$	955,332

(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of January 31, 2024, in addition to cash of $81.0 million.

Schedule of Unrealized Losses Cash Equivalents and Short Term Investment

The following table summarizes unrealized losses on the Company’s cash equivalents and short-term investments aggregated by category and the length of time such aggregated investments have been in a continuous unrealized loss position as of the periods presented (in thousands):

	Less Than 12 Months				12 Months or Greater				Total
	Carrying Value		Gross Unrealized Losses		Carrying Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
April 30, 2024
U.S. Agency securities	$	36,247	$	(113)	$	9,448	$	(40)	$	45,695	$	(153)
Commercial paper	37,421		(20)		—		—		37,421		(20)
Corporate debt securities	168,986		(675)		13,195		(17)		182,181		(692)
U.S. Treasury securities	392,924		(704)		18,124		(39)		411,048		(743)
Total cash equivalents and short-term investments	$	635,578	$	(1,512)	$	40,767	$	(96)	$	676,345	$	(1,608)

	Less Than 12 Months				12 Months or Greater				Total
	Carrying Value		Gross Unrealized Losses		Carrying Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
January 31, 2024
U.S. Agency securities	$	35,979	$	(53)	$	11,386	$	(83)	$	47,365	$	(136)
Commercial paper	15,462		(2)		—		—		15,462		(2)
Corporate debt securities	85,998		(192)		15,485		(58)		101,483		(250)
U.S. Treasury securities	139,567		(192)		41,193		(199)		180,760		(391)
Total cash equivalents and short-term investments	$	277,006	$	(439)	$	68,064	$	(340)	$	345,070	$	(779)

Schedule of Short Term Investments by Contractual Maturity

The following table classifies the Company’s short-term investments by contractual maturities (in thousands):

	April 30, 2024				January 31, 2024
	Amortized cost		Fair Value		Amortized cost		Fair Value
Due within 1 year	$	500,465	$	499,318	$	619,286	$	618,765
Due between 1 year to 2 years	142,278		141,855		128,855		129,524
Total	$	642,743	$	641,173	$	748,141	$	748,289