The following tables present the amortized costs, unrealized gains and losses, and estimated fair values of the Company’s available-for-sale investments, including those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets (in thousands):


	October 31, 2024
	Amortized Cost(1)		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	169,797	$	—	$	—	$	169,797


Total cash equivalents	169,797		—		—		169,797
Short-term investments:
Corporate bonds	138,643		468		(59)		139,052
U.S. Treasury securities	155,043		212		(37)		155,218

Agency securities	12,322		48		—		12,370
Total short-term investments	306,008		728		(96)		306,640
Total	$	475,805	$	728	$	(96)	$	476,437


	January 31, 2024
	Amortized Cost(1)		Unrealized Gains		Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	79,082	$	—	$	—	$	79,082
Commercial paper	4,497		—		—		4,497
Total cash equivalents	83,579		—		—		83,579
Short-term investments:
Corporate bonds	99,547		158		(9)		99,696
U.S. Treasury securities	169,825		123		—		169,948
Commercial paper	57,755		—		—		57,755
Agency securities	19,282		21		(1)		19,302
Total short-term investments	346,409		302		(10)		346,701
Total	$	429,988	$	302	$	(10)	$	430,280

The Company does not intend to sell, nor is it more likely than not that we will be required to sell, any investments in unrealized loss positions before recovery of their amortized cost basis. We did not recognize any credit losses related to our available-for-sale investments during the three and nine months ended October 31, 2024 or 2023. The unrealized gains and losses on these short-term investments were primarily due to changes in interest rates subsequent to the initial purchase. There were no material realized gains or losses from available-for-sale securities that were reclassified out of accumulated other comprehensive income (loss) during the three and nine months ended October 31, 2024 or 2023. None of the short-term available-for-sale investments held as of October 31, 2024 or January 31, 2024 were in a continuous unrealized loss position for greater than 12 months.

The following table presents the contractual maturities of the Company’s short-term available-for-sale investments (in thousands):


	October 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	200,971	$	201,180
Due between one to five years	105,037		105,460
Total	$	306,008	$	306,640