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Financial Instruments and Fair Value (Tables)
 6 Months Ended
Jul. 31, 2025
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 July 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

861

 

 

$

—

 

 

$

—

 

 

$

861

 

Fixed deposits

 

 

7,001

 

 

 

—

 

 

 

—

 

 

 

7,001

 

Corporate bonds

 

 

61,601

 

 

 

164

 

 

 

(37

)

 

 

61,728

 

Asset-backed securities

 

 

20,364

 

 

 

25

 

 

 

(27

)

 

 

20,362

 

U.S. government securities

 

 

36,420

 

 

 

47

 

 

 

(113

)

 

 

36,354

 

Total cash equivalents and marketable debt securities

 

$

126,247

 

 

$

236

 

 

$

(177

)

 

$

126,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2025

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

849

 

 

$

—

 

 

$

—

 

 

$

849

 

Fixed deposits

 

 

3,000

 

 

 

—

 

 

 

—

 

 

 

3,000

 

Corporate bonds

 

 

55,138

 

 

 

111

 

 

 

(123

)

 

 

55,126

 

Asset-backed securities

 

 

20,412

 

 

 

20

 

 

 

(67

)

 

 

20,365

 

U.S. government securities

 

 

30,326

 

 

 

8

 

 

 

(182

)

 

 

30,152

 

Total cash equivalents and marketable debt securities

 

$

109,725

 

 

$

139

 

 

$

(372

)

 

$

109,492

 
Schedule of Available-for-Sale Securities Unrealized Loss Position at Fair Value The following table provides the breakdown of unrealized losses as of July 31, 2025 and January 31, 2025, respectively, aggregated by investment category and length of time that individual securities have been in a continuous loss position:

 

 

 

As of July 31, 2025

 

 

 

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

 

$

20,568

 

 

$

(37

)

 

$

568

 

 

$

—

 

 

$

21,136

 

 

$

(37

)

Asset-backed securities

 

 

8,037

 

 

 

(25

)

 

 

2,174

 

 

 

(2

)

 

 

10,211

 

 

 

(27

)

U.S. government securities

 

 

25,679

 

 

 

(113

)

 

 

—

 

 

 

—

 

 

 

25,679

 

 

 

(113

)

Total marketable debt securities at loss position

 

$

54,284

 

 

$

(175

)

 

$

2,742

 

 

$

(2

)

 

$

57,026

 

 

$

(177

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2025

 

 

 

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

 

$

23,200

 

 

$

(116

)

 

$

2,144

 

 

$

(7

)

 

$

25,344

 

 

$

(123

)

Asset-backed securities

 

 

8,052

 

 

 

(51

)

 

 

4,343

 

 

 

(16

)

 

 

12,395

 

 

 

(67

)

U.S. government securities

 

 

20,380

 

 

 

(169

)

 

 

4,809

 

 

 

(13

)

 

 

25,189

 

 

 

(182

)

Total marketable debt securities at loss position

 

$

51,632

 

 

$

(336

)

 

$

11,296

 

 

$

(36

)

 

$

62,928

 

 

$

(372

)

Schedule of Cash Equivalents and Marketable Debt Securities

 

 

As of

 

 

 

July 31, 2025

 

 

January 31, 2025

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

7,862

 

 

$

3,849

 

Included in marketable debt securities

 

 

118,444

 

 

 

105,643

 

Total cash equivalents and marketable debt securities

 

$

126,306

 

 

$

109,492

 

 
Summary of Contractual Maturities of Investments

The contractual maturities of the investments at July 31, 2025 and January 31, 2025 were as follows:

 

 

 

As of

 

 

 

July 31, 2025

 

 

January 31, 2025

 

 

 

(in thousands)

 

Due within one year

 

$

31,781

 

 

$

35,405

 

Due in 1 - 5 years

 

 

94,068

 

 

 

74,087

 

Due in 5 - 15 years

 

 

457

 

 

 

—

 

Total cash equivalents and marketable debt securities

 

$

126,306

 

 

$

109,492

 
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 July 31, 2025 and January 31, 2025, respectively:

 

 

 

As of July 31, 2025

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

$

861

 

 

$

861

 

 

$

—

 

 

$

—

 

Fixed deposits

 

 

7,001

 

 

 

7,001

 

 

 

—

 

 

 

—

 

Corporate bonds

 

 

61,728

 

 

 

—

 

 

 

61,728

 

 

 

—

 

Asset-backed securities

 

 

20,362

 

 

 

—

 

 

 

20,362

 

 

 

—

 

U.S. government securities

 

 

36,354

 

 

 

—

 

 

 

36,354

 

 

 

—

 

Total cash equivalents and marketable debt securities

$

126,306

 

 

$

7,862

 

$

118,444

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2025

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

$

849

 

 

$

849

 

 

$

—

 

 

$

—

 

Fixed deposits

 

 

3,000

 

 

 

3,000

 

 

 

—

 

 

 

—

 

Corporate bonds

 

 

55,126

 

 

 

—

 

 

 

55,126

 

 

 

—

 

Asset-backed securities

 

 

20,365

 

 

 

—

 

 

 

20,365

 

 

 

—

 

U.S. government securities

 

 

30,152

 

 

 

—

 

 

 

30,152

 

 

 

—

 

Total cash equivalents and marketable debt securities

$

109,492

 

 

$

3,849

 

$

105,643

 

 

$

—