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Fair Value of Financial Instruments (Tables)

3 Months Ended

Apr. 30, 2024

Summary of Estimated Fair Value of Cash Equivalents and Short-term Investments

Financial assets subject to the fair value disclosure requirements are included in the table below. All of our financial assets are classified as Level 1. The estimated fair value of cash equivalents and short-term investments were as follows (in thousands):


	April 30,		January 31,
	2024		2024
Cash equivalents:
Money market funds	$	74,265	$	189,268
U.S. treasury securities		—		—
Total cash equivalents		74,265		189,268
Short-term investments:
U.S. treasury securities		86,616		61,484
Non-U.S. government issued securities		—		5,464
Total short-term investments (1)		86,616		66,948
Total cash equivalents and short-term investments (1)	$	160,881	$	256,216

(1) As of April 30, 2024 and January 31, 2024, we had a certificate of deposit for a total of $30.0 million with an original maturity of more than three months and less than twelve months that is classified as a short-term investment in our condensed consolidated balance sheet. This certificate of deposit is not included in the table above as it does not meet the definition of a security.