Cash Equivalents and Short-Term Investments (Tables)

9 Months Ended

Oct. 31, 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 October 31, 2024
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Level 1:
Cash equivalents (1)
Money market funds	$	79,161	$	—	$	—	$	79,161
Level 2:
Cash equivalents (1)
U.S. Agency securities	1,983		—		—		1,983
U.S. Treasury securities	10,429		—		(1)		10,428
Commercial paper	2,999		—		(1)		2,998
Total cash equivalents	94,572		—		(2)		94,570
Short-term investments
Commercial paper	16,725		10		(13)		16,722
Corporate debt securities	225,000		444		(146)		225,298
U.S. Agency securities	57,290		27		(59)		57,258
U.S. Treasury securities	440,597		692		(227)		441,062
Total short-term investments	739,612		1,173		(445)		740,340
Level 2 total	755,023		1,173		(447)		755,749
Total cash equivalents and short-term investments	$	834,184	$	1,173	$	(447)	$	834,910

(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of October 31, 2024, in addition to cash of $82.1 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
October 31, 2024
U.S. Agency securities	$	32,886	$	(59)	$	—	$	—	$	32,886	$	(59)
Commercial paper	9,846		(14)		—		—		9,846		(14)
Corporate debt securities	59,688		(127)		24,876		(19)		84,564		(146)
U.S. Treasury securities	178,506		(228)		1,000		—		179,506		(228)
Total cash equivalents and short-term investments	$	280,926	$	(428)	$	25,876	$	(19)	$	306,802	$	(447)

	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):

	October 31, 2024				January 31, 2024
	Amortized cost		Fair Value		Amortized cost		Fair Value
Due within 1 year	$	633,311	$	634,277	$	619,286	$	618,765
Due between 1 year to 2 years	106,301		106,063		128,855		129,524
Total	$	739,612	$	740,340	$	748,141	$	748,289