v3.24.3
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 CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents (1)
    Money market funds$79,161 $— $— $79,161 
Level 2:
Cash equivalents (1)
    U.S. Agency securities1,983 — — 1,983 
    U.S. Treasury securities10,429 — (1)10,428 
    Commercial paper2,999 — (1)2,998 
Total cash equivalents94,572 — (2)94,570 
Short-term investments
    Commercial paper16,725 10 (13)16,722 
    Corporate debt securities225,000 444 (146)225,298 
    U.S. Agency securities57,290 27 (59)57,258 
 U.S. Treasury securities440,597 692 (227)441,062 
Total short-term investments739,612 1,173 (445)740,340 
Level 2 total755,023 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 CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents (1)
    Money market funds$187,175 $— $— $187,175 
Level 2:
Cash equivalents (1)
    U.S. Treasury securities15,909 — (2)15,907 
    Commercial paper3,962 — (1)3,961 
Total cash equivalents207,046 — (3)207,043 
Short-term investments
    Commercial paper23,229 14 (1)23,242 
    Corporate debt securities231,219 740 (250)231,709 
    U.S. Agency securities56,324 29 (136)56,217 
    U.S. Treasury securities437,369 141 (389)437,121 
Total short-term investments748,141 924 (776)748,289 
Level 2 total768,012 924 (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 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
October 31, 2024
    U.S. Agency securities$32,886 $(59)$— $— $32,886 $(59)
    Commercial paper9,846 (14)— — 9,846 (14)
    Corporate debt securities59,688 (127)24,876 (19)84,564 (146)
    U.S. Treasury securities178,506 (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 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
January 31, 2024
    U.S. Agency securities$35,979 $(53)$11,386 $(83)$47,365 $(136)
    Commercial paper15,462 (2)— — 15,462 (2)
    Corporate debt securities85,998 (192)15,485 (58)101,483 (250)
    U.S. Treasury securities139,567 (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, 2024January 31, 2024
Amortized costFair ValueAmortized costFair Value
Due within 1 year$633,311 $634,277 $619,286 $618,765 
Due between 1 year to 2 years106,301 106,063 128,855 129,524 
Total$739,612 $740,340 $748,141 $748,289