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Fair Value Measurements
 6 Months Ended
Jul. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The Company accounts for certain of its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability (an exit price), in an orderly transaction between
market participants at the reporting date. The accounting guidance establishes a three-tiered hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value, as follows:
Level 1: Observable inputs, such as quoted prices in active markets for identical assets or liabilities.
Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
The carrying amounts reflected on the condensed consolidated balance sheets for cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate fair value due to the short maturities of those instruments.
The following tables present the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis (in thousands):
As of July 31, 2025
Level 1Level 2Total
Cash Equivalents:
Money market funds$27,024 $— $27,024 
Total cash equivalents27,024 — 27,024 
Short-Term Investments:
U.S. government treasury securities— 74,375 74,375 
Corporate debt securities— 23,737 23,737 
Total short-term investments— 98,112 98,112 
Total$27,024 $98,112 $125,136 
As of January 31, 2025
Level 1Level 2Total
Cash Equivalents:
Money market funds$15,297 $— $15,297 
Total cash equivalents15,297 — 15,297 
Short-Term Investments:
U.S. government treasury securities— 82,572 82,572 
Corporate debt securities— 29,119 29,119 
Commercial paper— 4,944 4,944 
Total short-term investments— 116,635 116,635 
Total$15,297 $116,635 $131,932 
The Company classifies its money market funds within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company classifies its U.S. government treasury securities, corporate debt securities, and commercial paper within Level 2 because they are valued using inputs other than quoted prices which are directly or indirectly observable in the market, including readily available pricing sources for the identical underlying security which may not be actively traded. The Company did not have any Level 3 financial assets or liabilities measured at fair value as of July 31, 2025 and January 31, 2025.