Cash, Cash Equivalents, and Investments (Tables)
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6 Months Ended |
Jul. 31, 2024 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Summary of Components of Cash and Cash Equivalents |
Cash, cash equivalents, and investments consisted of the following as of the dates indicated (in thousands):
| | | | | | | | | | | | | July 31, 2024 | | January 31, 2024 | | Cash and cash equivalents: | | | | | Cash | $ | 45,024 | | | $ | 55,736 | | | Money market funds | 335,167 | | | 305,283 | | | Commercial paper | 5,482 | | | 994 | | | U.S. Treasury securities | — | | | 998 | | | Total cash and cash equivalents | $ | 385,673 | | | $ | 363,011 | | | | | | | Available-for-sale investments: | | | | | U.S. Treasury securities | $ | 56,694 | | | $ | 50,036 | | | Commercial paper | 20,192 | | | 2,886 | | | Corporate debt securities | 106,043 | | | 131,259 | | | U.S. Government agency securities | 30,711 | | | 23,997 | | | Total available-for-sale investments | $ | 213,640 | | | $ | 208,178 | |
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| Summary of Components of Available-for-sale Investments |
Cash, cash equivalents, and investments consisted of the following as of the dates indicated (in thousands):
| | | | | | | | | | | | | July 31, 2024 | | January 31, 2024 | | Cash and cash equivalents: | | | | | Cash | $ | 45,024 | | | $ | 55,736 | | | Money market funds | 335,167 | | | 305,283 | | | Commercial paper | 5,482 | | | 994 | | | U.S. Treasury securities | — | | | 998 | | | Total cash and cash equivalents | $ | 385,673 | | | $ | 363,011 | | | | | | | Available-for-sale investments: | | | | | U.S. Treasury securities | $ | 56,694 | | | $ | 50,036 | | | Commercial paper | 20,192 | | | 2,886 | | | Corporate debt securities | 106,043 | | | 131,259 | | | U.S. Government agency securities | 30,711 | | | 23,997 | | | Total available-for-sale investments | $ | 213,640 | | | $ | 208,178 | |
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| Summary of Carrying Value of Available-for-sale Investments |
The following tables summarize the amortized cost, net unrealized gains (losses), and fair value of the Company’s investments by significant investment category as of the dates indicated (in thousands). Gross realized gains or losses from sales of available-for-sale securities were not material for the three and six months ended July 31, 2024 and 2023.
| | | | | | | | | | | | | | | | | | | July 31, 2024 | | Amortized Cost | | Unrealized Gain (Loss), Net | | Estimated Fair Value | | Available-for-sale investments: | | | | | | | U.S. Treasury securities | $ | 56,683 | | | $ | 11 | | | $ | 56,694 | | | Commercial paper | 20,205 | | | (13) | | | 20,192 | | | Corporate debt securities | 106,150 | | | (107) | | | 106,043 | | | U.S. Government agency securities | 30,760 | | | (49) | | | 30,711 | | | Total available-for-sale investments | $ | 213,798 | | | $ | (158) | | | $ | 213,640 | | | | | | | | | January 31, 2024 | | Amortized Cost | | Unrealized Gain (Loss), Net | | Estimated Fair Value | | Available-for-sale investments: | | | | | | | U.S. Treasury securities | $ | 50,012 | | | $ | 24 | | | $ | 50,036 | | | Commercial paper | 2,887 | | | (1) | | | 2,886 | | | Corporate debt securities | 131,395 | | | (136) | | | 131,259 | | | U.S. Government agency securities | 23,983 | | | 14 | | | 23,997 | | | Total available-for-sale investments | $ | 208,277 | | | $ | (99) | | | $ | 208,178 | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Summary of Contractual Maturities of Available-for-sale Securities |
The following tables present the Company’s available-for-sale securities by contractual maturity date as of the dates indicated (in thousands): | | | | | | | | | | | | | July 31, 2024 | | Amortized Cost | | Fair Value | | Due within one year | $ | 173,611 | | | $ | 173,416 | | | Due between one to five years | 40,187 | | | 40,224 | | | Total | $ | 213,798 | | | $ | 213,640 | | | | | | | January 31, 2024 | | Amortized Cost | | Fair Value | | Due within one year | $ | 155,423 | | | $ | 155,158 | | | Due between one to five years | 52,854 | | | 53,020 | | | Total | $ | 208,277 | | | $ | 208,178 | |
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