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Fair Value of Financial Instruments (Tables)
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Estimated Fair Value of Securities Included in Cash Equivalents and Short-term Investments

Financial assets and liabilities subject to the fair value disclosure requirements were as follows (in thousands):

 

 

 

January 31, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

68,169

 

 

$

 

 

$

68,169

 

Short-term investments:

 

 

 

 

 

 

 

 

U.S. treasury securities

 

 

102,932

 

 

 

 

 

102,932

 

Other current assets:

 

 

 

 

 

 

 

 

Forward contracts designated as cash flow hedges

 

 

 

 

6,150

 

 

 

6,150

 

Total current assets

 

 

171,101

 

 

 

6,150

 

 

 

177,251

 

Other assets, non-current:

 

 

 

 

 

 

 

 

 

Forward contracts designated as cash flow hedges

 

 

 

 

855

 

 

 

855

 

Total assets

 

$

171,101

 

 

$

7,005

 

 

$

178,106

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities:

 

 

 

 

 

 

 

 

 

Forward contracts designated as cash flow hedges

 

$

 

 

$

802

 

 

$

802

 

Forward contracts not designated as cash flow hedges

 

 

 

 

 

906

 

 

 

906

 

Total current liabilities

 

 

 

 

 

1,708

 

 

 

1,708

 

 Other liabilities, non-current:

 

 

 

 

 

 

 

 

 

Forward contracts designated as cash flow hedges

 

 

 

 

 

185

 

 

 

185

 

Total liabilities

 

$

 

 

$

1,893

 

 

$

1,893

 

 

 

 

 

January 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Total

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market funds

 

$

188,307

 

 

$

 

 

$

188,307

 

Short-term investments:

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

 

98,241

 

 

 

 

 

 

98,241

 

Total cash equivalents and short-term investments

 

$

286,548

 

 

$

 

 

$

286,548

 

As of January 31, 2025, forward contracts were not material
Summary of Contractual Maturities of Securities Included in Cash Equivalents and Short-Term Investment

As of January 31, 2026, remaining contractual maturities of our cash equivalents and short-term investments were as follows (in thousands):

 

 

 

January 31, 2026

 

Due within one year

 

$

144,730

 

Due between one to five years

 

 

26,371

 

Total

 

$

171,101

 

Summary of Net Carrying Amounts and Estimated Fair Values of Convertible Notes The net carrying amounts and estimated fair values of the Convertible Notes were as follows (in thousands):

 

 

 

January 31,

 

 

 

2026

 

 

2025

 

 

 

Net Carrying Amount

 

 

Estimated Fair Value

 

 

Net Carrying Amount

 

 

Estimated Fair Value

 

2026 Convertible Notes

 

$

 

 

$

 

 

$

203,907

 

 

$

260,248

 

2029 Convertible Notes

 

 

451,011

 

 

 

434,378

 

 

 

448,638

 

 

 

458,103

 

Total

 

$

451,011

 

 

$

434,378

 

 

$

652,545

 

 

$

718,351