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v3.24.3

Financial Instruments and Fair Value (Tables) | 9 Months Ended
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Oct. 31, 2024
Investments, All Other Investments [Abstract] |
Schedule of Available-for-Sale Securities at Fair Value | All of the money market funds and debt security 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, 2024 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
|  | (in thousands) |
Money market funds |  | $ | 82 |  |  | $ | — |  |  | $ | — |  |  | $ | 82 |
Commercial paper |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate bonds |  |  | 53,537 |  |  |  | 134 |  |  |  | (148 | ) |  |  | 53,523 |
Asset-backed securities |  |  | 20,688 |  |  |  | 15 |  |  |  | (91 | ) |  |  | 20,612 |
U.S. government securities |  |  | 25,474 |  |  |  | — |  |  |  | (207 | ) |  |  | 25,267 |
Total cash equivalents and marketable debt securities |  | $ | 99,781 |  |  | $ | 149 |  |  | $ | (446 | ) |  | $ | 99,484 |
|  | As of January 31, 2024 |
|  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
|  | (in thousands) |
Money market funds |  | $ | 296 |  |  | $ | — |  |  | $ | — |  |  | $ | 296 |
Commercial paper |  |  | 30,806 |  |  |  | — |  |  |  | — |  |  |  | 30,806 |
Corporate bonds |  |  | 38,867 |  |  |  | 180 |  |  |  | (135 | ) |  |  | 38,912 |
Asset-backed securities |  |  | 15,212 |  |  |  | 14 |  |  |  | (96 | ) |  |  | 15,130 |
U.S. government securities |  |  | 21,118 |  |  |  | — |  |  |  | (146 | ) |  |  | 20,972 |
Total cash equivalents and marketable debt securities |  | $ | 106,299 |  |  | $ | 194 |  |  | $ | (377 | ) |  | $ | 106,116 |
Schedule of Available-for-Sale Securities Unrealized Loss Position at Fair Value | The following table provides the breakdown of unrealized losses from available-for-sale securities as of October 31, 2024 and January 31, 2024, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position:
|  | As of October 31, 2024 |
|  | 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 |  | $ | 23,362 |  |  | $ | (126 | ) |  | $ | 5,103 |  |  | $ | (22 | ) |  | $ | 28,465 |  |  | $ | (148 | )
Asset-backed securities |  |  | 9,132 |  |  |  | (62 | ) |  |  | 4,998 |  |  |  | (29 | ) |  |  | 14,130 |  |  |  | (91 | )
U.S. government securities |  |  | 20,486 |  |  |  | (181 | ) |  |  | 4,782 |  |  |  | (26 | ) |  |  | 25,268 |  |  |  | (207 | )
Total marketable debt securities at loss position |  | $ | 52,980 |  |  | $ | (369 | ) |  | $ | 14,883 |  |  | $ | (77 | ) |  | $ | 67,863 |  |  | $ | (446 | )
|  | As of January 31, 2024 |
|  | 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 |  | $ | 9,050 |  |  | $ | (19 | ) |  | $ | 8,363 |  |  | $ | (116 | ) |  | $ | 17,413 |  |  | $ | (135 | )
Asset-backed securities |  |  | 4,821 |  |  |  | (15 | ) |  |  | 6,289 |  |  |  | (81 | ) |  |  | 11,110 |  |  |  | (96 | )
U.S. government securities |  |  | 15,020 |  |  |  | (65 | ) |  |  | 5,952 |  |  |  | (81 | ) |  |  | 20,972 |  |  |  | (146 | )
Total marketable debt securities at loss position |  | $ | 28,891 |  |  | $ | (99 | ) |  | $ | 20,604 |  |  | $ | (278 | ) |  | $ | 49,495 |  |  | $ | (377 | )
Schedule of Cash Equivalents and Marketable Debt Securities |
|  | As of |
|  | October 31, 2024 |  |  | January 31, 2024 |
|  | (in thousands) |
Included in cash equivalents |  | $ | 82 |  |  | $ | 31,103 |
Included in marketable debt securities |  |  | 99,402 |  |  |  | 75,013 |
Total cash equivalents and marketable debt securities |  | $ | 99,484 |  |  | $ | 106,116 |
Summary of Contractual Maturities of Available-for-sale Securities | The contractual maturities of available-for-sale securities at October 31, 2024 and January 31, 2024 were as follows:
|  | As of |
|  | October 31, 2024 |  |  | January 31, 2024 |
|  | (in thousands) |
Due within one year |  | $ | 30,384 |  |  | $ | 50,216 |
Due in 1 - 5 years |  |  | 69,100 |  |  |  | 55,900 |
Total cash equivalents and marketable debt securities |  | $ | 99,484 |  |  | $ | 106,116 |
Schedule of Fair Value of Available-for-sale Securities Measured on Recurring Basis | The following tables present the fair value of available-for-sale securities measured on a recurring basis as of October 31, 2024 and January 31, 2024, respectively:
|  | As of October 31, 2024 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Money market funds |  | $ | 82 |  |  | $ | 82 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate bonds |  |  | 53,523 |  |  |  | — |  |  |  | 53,523 |  |  |  | — |
Asset-backed securities |  |  | 20,612 |  |  |  | — |  |  |  | 20,612 |  |  |  | — |
U.S. government securities |  |  | 25,267 |  |  |  | — |  |  |  | 25,267 |  |  |  | — |
Total cash equivalents and marketable debt securities |  | $ | 99,484 |  |  | $ | 82 |  |  | $ | 99,402 |  |  | $ | — |
|  | As of January 31, 2024 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (in thousands) |
Money market funds |  | $ | 296 |  |  | $ | 296 |  |  | $ | — |  |  | $ | — |
Commercial paper |  |  | 30,806 |  |  |  | — |  |  |  | 30,806 |  |  |  | — |
Corporate bonds |  |  | 38,912 |  |  |  | — |  |  |  | 38,912 |  |  |  | — |
Asset-backed securities |  |  | 15,130 |  |  |  | — |  |  |  | 15,130 |  |  |  | — |
U.S. government securities |  |  | 20,972 |  |  |  | — |  |  |  | 20,972 |  |  |  | — |
Total cash equivalents and marketable debt securities |  | $ | 106,116 |  |  | $ | 296 |  |  | $ | 105,820 |  |  | $ | — |

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