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v3.23.3

Financial Instruments and Fair Value (Tables) | 9 Months Ended
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Oct. 31, 2023
Investments, All Other Investments [Abstract] |
Schedule of Available-for-Sale Securities at Fair Value | All of the investments are classified as available-for-sale securities and reported at fair value in the condensed consolidated balance sheets as follows:
|  | As of October 31, 2023 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
|  | (in thousands) |
Money market funds |  | $ | 1,649 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,649 |
Commercial paper |  |  | 22,963 |  |  |  | — |  |  |  | — |  |  |  | 22,963 |
Corporate bonds |  |  | 40,667 |  |  |  | 7 |  |  |  | (642 | ) |  |  | 40,032 |
Asset-backed securities |  |  | 17,269 |  |  |  | — |  |  |  | (256 | ) |  |  | 17,013 |
U.S. government securities |  |  | 22,491 |  |  |  | — |  |  |  | (328 | ) |  |  | 22,163 |
Total cash equivalents and marketable debt securities |  | $ | 105,039 |  |  | $ | 7 |  |  | $ | (1,226 | ) |  | $ | 103,820 |
|  | As of January 31, 2023 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
|  | (in thousands) |
Money market funds |  | $ | 7,872 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,872 |
Commercial paper |  |  | 18,333 |  |  |  | — |  |  |  | — |  |  |  | 18,333 |
Corporate bonds |  |  | 23,472 |  |  |  | 50 |  |  |  | (224 | ) |  |  | 23,298 |
Asset-backed securities |  |  | 18,753 |  |  |  | 44 |  |  |  | (149 | ) |  |  | 18,648 |
U.S. government securities |  |  | 33,256 |  |  |  | 22 |  |  |  | (235 | ) |  |  | 33,043 |
Total cash equivalents and marketable debt securities |  | $ | 101,686 |  |  | $ | 116 |  |  | $ | (608 | ) |  | $ | 101,194 |
Schedule of Available-for-Sale Securities Unrealized Loss Position at Fair Value | The following table provides the breakdown of unrealized losses as of October 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position:
|  | As of October 31, 2023 |
|  | Less than 12 Months |  |  | 12 Months or Greater |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (in thousands) |
Corporate bonds |  | $ | 29,661 |  |  | $ | (406 | ) |  | $ | 9,098 |  |  | $ | (236 | ) |  | $ | 38,759 |  |  | $ | (642 | )
Asset-backed securities |  |  | 9,550 |  |  |  | (87 | ) |  |  | 7,463 |  |  |  | (169 | ) |  |  | 17,013 |  |  |  | (256 | )
U.S. government securities |  |  | 14,761 |  |  |  | (185 | ) |  |  | 7,402 |  |  |  | (143 | ) |  |  | 22,163 |  |  |  | (328 | )
Total marketable debt securities at loss position |  | $ | 53,972 |  |  | $ | (678 | ) |  | $ | 23,963 |  |  | $ | (548 | ) |  | $ | 77,935 |  |  | $ | (1,226 | )
Schedule of Cash Equivalents and Marketable Debt Securities |
|  | As of |
|  | October 31, 2023 |  |  | January 31, 2023 |
|  | (in thousands) |
Included in cash equivalents |  | $ | 25,271 |  |  | $ | 7,872 |
Included in marketable debt securities |  |  | 78,549 |  |  |  | 93,322 |
Total cash equivalents and marketable debt securities |  | $ | 103,820 |  |  | $ | 101,194 |
Summary of Contractual Maturities of Investments | The contractual maturities of the investments at October 31, 2023 and January 31, 2023 were as follows:
|  | As of |
|  | October 31, 2023 |  |  | January 31, 2023 |
|  | (in thousands) |
Due within one year |  | $ | 39,736 |  |  | $ | 48,016 |
Due in 1 - 5 years |  |  | 64,084 |  |  |  | 52,414 |
Due in 5 - 7 years |  |  | — |  |  |  | 764 |
Total cash equivalents and marketable debt securities |  | $ | 103,820 |  |  | $ | 101,194 |
Schedule of Fair Value of Financial Instruments Measured on Recurring Basis | The following tables present the fair value of the financial instruments measured on a recurring basis as of October 31, 2023 and January 31, 2023, respectively:
|  | As of October 31, 2023 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Money market funds |  | $ | 1,649 |  |  | $ | 1,649 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 22,963 |  |  |  | — |  |  |  | 22,963 |  |  |  | — |
Corporate bonds |  |  | 40,032 |  |  |  | — |  |  |  | 40,032 |  |  |  | — |
Asset-backed securities |  |  | 17,013 |  |  |  | — |  |  |  | 17,013 |  |  |  | — |
U.S. government securities |  |  | 22,163 |  |  |  | — |  |  |  | 22,163 |  |  |  | — |
Total cash equivalents and marketable debt securities |  | $ | 103,820 |  |  | $ | 1,649 |  |  | $ | 102,171 |  |  | $ | — |
|  | As of January 31, 2023 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Money market funds |  | $ | 7,872 |  |  | $ | 7,872 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 18,333 |  |  |  | — |  |  |  | 18,333 |  |  |  | — |
Corporate bonds |  |  | 23,298 |  |  |  | — |  |  |  | 23,298 |  |  |  | — |
Asset-backed securities |  |  | 18,648 |  |  |  | — |  |  |  | 18,648 |  |  |  | — |
U.S. government securities |  |  | 33,043 |  |  |  | — |  |  |  | 33,043 |  |  |  | — |
Total cash equivalents and marketable debt securities |  | $ | 101,194 |  |  | $ | 7,872 |  |  | $ | 93,322 |  |  | $ | — |

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