Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2022

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables present the fair value of the Company’s financial assets measured at fair value on a recurring basis, based on the three-tier fair value hierarchy (in thousands):


	As of October 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	77,275	$	—	$	—	$	77,275
Corporate debt securities	—		1,405		—		1,405
Marketable securities:
U.S. Treasury securities	—		51,780		—		51,780
Corporate debt securities	—		148,508		—		148,508
Commercial paper	—		36,856		—		36,856
Foreign government obligations	—		4,736		—		4,736

Certificates of deposit	—		8,519		—		8,519
Total financial assets	$	77,275	$	251,804	$	—	$	329,079


	As of January 31, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	70,742	$	—	$	—	$	70,742

Marketable securities:
U.S. Treasury securities	—		67,476		—		67,476
Corporate debt securities	—		167,160		—		167,160
Commercial paper	—		19,033		—		19,033
Foreign government obligations	—		7,607		—		7,607
Supranational securities	—		12,922		—		12,922
Certificates of deposit	—		2,313		—		2,313
Total financial assets	$	70,742	$	276,511	$	—	$	347,253

Summary of Available-for-Sale Marketable Securities

The following is a summary of available-for sale marketable securities, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheet as of October 31, 2022 and January 31, 2022, respectively (in thousands):


	As of October 31, 2022
	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U.S. Treasury securities	$	52,424	$	—	$	(644)	$	51,780
Corporate debt securities	150,200		4		(1,696)		148,508
Commercial paper	36,977		—		(121)		36,856
Foreign government obligations	4,790		—		(54)		4,736

Certificates of deposit	8,617		—		(98)		8,519
Total marketable securities	$	253,008	$	4	$	(2,613)	$	250,399


	As of January 31, 2022
	Amortized Cost		Unrealized Gain		Unrealized Loss		Fair Value
U.S. Treasury securities	$	67,770	$	—	$	(294)	$	67,476
Corporate debt securities	167,693		3		(536)		167,160
Commercial paper	19,052		—		(19)		19,033
Foreign government obligations	7,640		—		(33)		7,607
Supranational securities	12,923		—		(1)		12,922
Certificates of deposit	2,319		—		(6)		2,313
Total marketable securities	$	277,397	$	3	$	(889)	$	276,511

Maturity of Marketable Securities

The following table presents the contractual maturities of the Company’s marketable securities (in thousands):


	October 31, 2022
Due in one year or less	$	230,482
Due after one year and within five years	19,917
Total marketable securities	$	250,399