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Fair Value Measurements (Tables) | 12 Months Ended
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Jan. 31, 2026
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables summarize the fair value of financial assets and liabilities and their classification by level of input within the fair value hierarchy as of January 31, 2026 and January 31, 2025 (in thousands):
| Financial Assets and Liabilities at Fair Value
| Total |  | Level 1 |  | Level 2 |  | Level 3
January 31, 2026 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |
Money market funds | $ | 406,837 |  |  | $ | 406,837 |  |  | $ | — |  |  | $ | — |
Certificates of deposit | 2,600 |  |  | 2,600 |  |  | — |  |  | — |
Client-held fractional shares | 514,877 |  |  | 514,877 |  |  | — |  |  | — |
Other current assets |  |  |  |  |  |  |
Proprietary inventory | 1,500 |  |  | 1,500 |  |  | — |  |  | — |
Total financial assets at fair value | $ | 925,814 |  |  | $ | 925,814 |  |  | $ | — |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Other noncurrent liabilities |  |  |  |  |  |  |
Warrant liabilities | 1,993 |  |  | — |  |  | — |  |  | 1,993 |
Fractional shares repurchase obligation | 514,877 |  |  | 514,877 |  |  | — |  |  | — |
Total financial liabilities at fair value | $ | 516,870 |  |  | $ | 514,877 |  |  | $ | — |  |  | $ | 1,993 |
| Financial Assets and Liabilities at Fair Value
| Total |  | Level 1 |  | Level 2 |  | Level 3
January 31, 2025 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |
Cash equivalents |  |  |  |  |  |  |
Money market funds | $ | 118,708 |  |  | $ | 118,708 |  |  | $ | — |  |  | $ | — |
Certificates of deposit | 2,600 |  |  | 2,600 |  |  | — |  |  | — |
Client-held fractional shares | 28,057 |  |  | 28,057 |  |  | — |  |  | — |
Other current assets |  |  |  |  |  |  |
Proprietary inventory | 302 |  |  | 302 |  |  | — |  |  | — |
Total financial assets at fair value | $ | 149,667 |  |  | $ | 149,667 |  |  | $ | — |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Other noncurrent liabilities |  |  |  |  |  |  |
SAFEs | 6,141 |  |  | — |  |  | — |  |  | 6,141 |
Warrant liabilities | 3,510 |  |  | — |  |  | — |  |  | 3,510 |
Fractional shares repurchase obligation | 28,057 |  |  | 28,057 |  |  | — |  |  | — |
Total financial liabilities at fair value | $ | 37,708 |  |  | $ | 28,057 |  |  | $ | — |  |  | $ | 9,651 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value on a recurring basis (in thousands):
| Convertible Note |  | Warrant Liabilities |  | SAFEs |  | Total
Balance at January 31, 2024 | $ | 46,953 |  |  | $ | 2,832 |  |  | $ | 4,843 |  |  | $ | 54,628 |
Mark-to-market adjustment | $ | (16,927) |  |  | $ | 678 |  |  | $ | 1,298 |  |  | $ | (14,951) |
Repayment of interest | $ | (904) |  |  | $ | — |  |  | $ | — |  |  | $ | (904) |
Repayment of principal | $ | (29,122) |  |  | $ | — |  |  | $ | — |  |  | $ | (29,122) |
Balance at January 31, 2025 | $ | — |  |  | $ | 3,510 |  |  | $ | 6,141 |  |  | $ | 9,651 |
Mark-to-market adjustment | — |  |  | (1,517) |  |  | 66 |  |  | (1,450) |
Settlement (conversion to common stock) | — |  |  |  |  | (6,207) |  |  | (6,207) |
Balance at January 31, 2026 | $ | — |  |  | $ | 1,993 |  |  | $ | — |  |  | $ | 1,993 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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