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Cash, Cash Equivalents, and Investments (Tables)
 3 Months Ended
Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Components of Cash and Cash Equivalents
Cash, cash equivalents, and investments consisted of the following:
As of April 30, 2024As of January 31, 2024
(in thousands)
Cash and cash equivalents
Cash
$50,282 $55,736 
Money market funds
325,781 305,283 
Commercial paper5,480 994 
U.S. Treasury securities998 998 
Total cash and cash equivalents$382,541 $363,011 
Available-for-sale investments:
U.S. Treasury securities$56,683 $50,036 
Commercial paper17,102 2,886 
Corporate debt securities
108,484 131,259 
U.S. Government agency securities27,973 23,997 
Total available-for-sale investments$210,242 $208,178 
Summary of Components of Available-for-sale Investments
Cash, cash equivalents, and investments consisted of the following:
As of April 30, 2024As of January 31, 2024
(in thousands)
Cash and cash equivalents
Cash
$50,282 $55,736 
Money market funds
325,781 305,283 
Commercial paper5,480 994 
U.S. Treasury securities998 998 
Total cash and cash equivalents$382,541 $363,011 
Available-for-sale investments:
U.S. Treasury securities$56,683 $50,036 
Commercial paper17,102 2,886 
Corporate debt securities
108,484 131,259 
U.S. Government agency securities27,973 23,997 
Total available-for-sale investments$210,242 $208,178 
Summary of Carrying Value of Available-for-sale Investments
The following tables summarize the Company’s investments’ adjusted cost, net unrealized gains (losses), and fair value by significant investment category as of April 30, 2024 and January 31, 2024. Gross realized gains or losses from sales of available-for-sale securities were not material for the three months ended April 30, 2024 and 2023.
As of April 30, 2024
Cost BasisUnrealized Loss, NetEstimated Fair Value
(in thousands)
Available-for-sale investments:
U.S. Treasury securities$56,750 $(67)$56,683 
Commercial paper17,128 (26)17,102 
Corporate debt securities108,958 (474)108,484 
U.S. Government agency securities28,069 (96)27,973 
Total available-for-sale investments$210,905 $(663)$210,242 
As of January 31, 2024
Cost Basis
Unrealized Gain (Loss), Net
Estimated Fair Value
(in thousands)
Available-for-sale investments:
U.S. Treasury securities$50,012 $24 $50,036 
Commercial paper2,887 (1)2,886 
Corporate debt securities131,395 (136)131,259 
U.S. Government agency securities23,983 14 23,997 
Total available-for-sale investments$208,277 $(99)$208,178 
Summary of Contractual Maturities of Available-for-sale Securities
The following tables present the Company’s available-for-sale securities by contractual maturity date as of April 30, 2024 and January 31, 2024:
As of April 30, 2024
Cost Basis
Fair Value
(in thousands)
Due within one year$168,837 $168,389 
Due between one to five years42,068 41,853 
Total$210,905 $210,242 
As of January 31, 2024
Cost Basis
Fair Value
(in thousands)
Due within one year$155,423 $155,158 
Due between one to five years52,854 53,020 
Total$208,277 $208,178