Summary of Fair Value Hierarchy for Financial Assets Measured on a Recurring Basis |
The following tables summarize our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | October 31, 2022 | | Level 1 | | Level 2 | | Level 3 | | Total | Cash equivalents: | | | | | | | | Money market funds | $ | 162,503 | | | $ | — | | | $ | — | | | $ | 162,503 | | Short-term investments: | | | | | | | | U.S. government securities | $ | — | | | $ | 52,025 | | | $ | — | | | $ | 52,025 | | Corporate bonds | — | | | 51,459 | | | — | | | 51,459 | | Commercial paper | — | | | 100,908 | | | — | | | 100,908 | | Supranational bonds | — | | | 3,982 | | | — | | | 3,982 | | Foreign government securities | — | | | 9,967 | | | — | | | 9,967 | | Total short-term investments | $ | — | | | $ | 218,341 | | | $ | — | | | $ | 218,341 | | Liabilities: | | | | | | | | Warrant liability | $ | — | | | $ | — | | | $ | 2,695 | | | $ | 2,695 | | Contingent consideration | — | | | — | | | 3,000 | | | 3,000 | | Total liabilities | $ | — | | | $ | — | | | $ | 5,695 | | | $ | 5,695 | |
| | | | | | | | | | | | | | | | | | | | | | | | | January 31, 2022 | | Level 1 | | Level 2 | | Level 3 | | Total | Cash equivalents: | | | | | | | | Money market funds | $ | 92,668 | | | $ | — | | | $ | — | | | $ | 92,668 | | Short-term investments: | | | | | | | | U.S. government securities | $ | — | | | $ | 17,927 | | | $ | — | | | $ | 17,927 | | Corporate bonds | — | | | 21,176 | | | — | | | 21,176 | | Commercial paper | — | | | 55,234 | | | — | | | 55,234 | | Supranational bonds | — | | | 3,503 | | | — | | | 3,503 | | Foreign government securities | — | | | 4,042 | | | — | | | 4,042 | | Total short-term investments | $ | — | | | $ | 101,882 | | | $ | — | | | $ | 101,882 | |
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Schedule of Changes in Level 3 Fair Value Measurements |
Changes in our Level 3 fair value measurements were as follows (in thousands): | | | | | | | | | | | | | Warrant Liability | | Acquisition-related Contingent Consideration | Balance, January 31, 2022 | $ | — | | | $ | — | | Issuances | 12,043 | | | — | | Additions | — | | | 4,800 | | Settlements | — | | | — | | Gain on change in fair value | (9,348) | | | (1,800) | | Balance, October 31, 2022 | $ | 2,695 | | | $ | 3,000 | |
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