Cash Equivalents and Short-Term Investments (Tables)

9 Months Ended

Oct. 31, 2025

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, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Level 1:
Cash equivalents
Money market funds	$	139,742	$	—	$	—	$	139,742
Level 2:
Cash equivalents
U.S. Treasury securities	9,976		3		—		9,979
Total cash equivalents (1)	149,718		3		—		149,721
Short-term investments
Commercial paper	17,031		3		(2)		17,032
Corporate debt securities	286,065		568		(50)		286,583
U.S. Agency securities	72,482		80		(9)		72,553
U.S. Treasury securities	603,372		630		(93)		603,909
Total short-term investments	978,950		1,281		(154)		980,077
Level 2 total	988,926		1,284		(154)		990,056
Total cash equivalents and short-term investments	$	1,128,668	$	1,284	$	(154)	$	1,129,798

(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of October 31, 2025, in addition to cash of $74.5 million.

	As of January 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Level 1:
Cash equivalents
Money market funds	$	97,093	$	—	$	—	$	97,093
Level 2:
Cash equivalents
U.S. Treasury securities	36,429		8		—		36,437
Total cash equivalents (1)	133,522		8		—		133,530
Short-term investments
Commercial paper	19,400		4		(11)		19,393
Corporate debt securities	220,326		327		(148)		220,505
U.S. Agency securities	61,020		20		(65)		60,975
U.S. Treasury securities	463,474		521		(140)		463,855
Total short-term investments	764,220		872		(364)		764,728
Level 2 total	800,649		880		(364)		801,165
Total cash equivalents and short-term investments	$	897,742	$	880	$	(364)	$	898,258

(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of January 31, 2025, in addition to cash of $94.1 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, 2025
U.S. Agency securities	$	13,935	$	(8)	$	2,005	$	(1)	$	15,940	$	(9)
Commercial paper	6,624		(2)		—		—		6,624		(2)
Corporate debt securities	61,141		(48)		3,488		(2)		64,629		(50)
U.S. Treasury securities	146,508		(90)		12,000		(3)		158,508		(93)
Total cash equivalents and short-term investments	$	228,208	$	(148)	$	17,493	$	(6)	$	245,701	$	(154)

	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, 2025
U.S. Agency securities	$	48,445	$	(65)	$	—	$	—	$	48,445	$	(65)
Commercial paper	13,430		(11)		—		—		13,430		(11)
Corporate debt securities	72,022		(146)		5,988		(2)		78,010		(148)
U.S. Treasury securities	100,921		(140)		—		—		100,921		(140)
Total cash equivalents and short-term investments	$	234,818	$	(362)	$	5,988	$	(2)	$	240,806	$	(364)

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, 2025				January 31, 2025
	Amortized cost		Fair Value		Amortized cost		Fair Value
Due within 1 year	$	586,551	$	587,055	$	590,193	$	590,832
Due between 1 year to 2 years	392,399		393,022		174,027		173,896
Total	$	978,950	$	980,077	$	764,220	$	764,728