v3.25.2
Cash Equivalents and Short-Term Investments (Tables)
 6 Months Ended
Jul. 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 July 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents
    Money market funds$160,950 $— $— $160,950 
Level 2:
Cash equivalents
    U.S. Treasury securities5,987 — — 5,987 
    Commercial paper2,995 — — 2,995 
Total cash equivalents (1)
169,932 — — 169,932 
Short-term investments
    Commercial paper22,722 — (11)22,711 
    Corporate debt securities244,342 115 (224)244,233 
    U.S. Agency securities67,007 8 (81)66,934 
 U.S. Treasury securities570,391 42 (505)569,928 
Total short-term investments904,462 165 (821)903,806 
Level 2 total913,444 165 (821)912,788 
Total cash equivalents and short-term investments$1,074,394 $165 $(821)$1,073,738 
(1) Included in “cash and cash equivalents” in our condensed consolidated balance sheet as of July 31, 2025, in addition to cash of $91.4 million.
As of January 31, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents
    Money market funds$97,093 $— $— $97,093 
Level 2:
Cash equivalents
    U.S. Treasury securities36,429 8 — 36,437 
Total cash equivalents (1)
133,522 8 — 133,530 
Short-term investments
    Commercial paper19,400 4 (11)19,393 
    Corporate debt securities220,326 327 (148)220,505 
    U.S. Agency securities61,020 20 (65)60,975 
    U.S. Treasury securities463,474 521 (140)463,855 
Total short-term investments764,220 872 (364)764,728 
Level 2 total800,649 880 (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 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
July 31, 2025
    U.S. Agency securities$63,894 $(81)$— $— $63,894 $(81)
    Commercial paper25,706 (11)— — 25,706 (11)
    Corporate debt securities155,060 (224)— — 155,060 (224)
    U.S. Treasury securities495,703 (505)— — 495,703 (505)
Total cash equivalents and short-term investments$740,363 $(821)$— $— $740,363 $(821)
Less Than 12 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
January 31, 2025
    U.S. Agency securities$48,445 $(65)$— $— $48,445 $(65)
    Commercial paper13,430 (11)— — 13,430 (11)
    Corporate debt securities72,022 (146)5,988 (2)78,010 (148)
    U.S. Treasury securities100,921 (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):
July 31, 2025January 31, 2025
Amortized costFair ValueAmortized costFair Value
Due within 1 year$575,210 $574,927 $590,193 $590,832 
Due between 1 year to 2 years329,252 328,879 174,027 173,896 
Total$904,462 $903,806 $764,220 $764,728