v3.22.2.2
Financial Instruments and Fair Value (Tables)
9 Months Ended
Oct. 31, 2022
Investments All Other Investments [Abstract]  
Schedule of Fair Value as Available-for-Sale Securities The debt security investment portfolio consists of commercial paper, debt securities of corporations or corporate bonds, asset-backed securities and U.S. government securities. All of the investments are denominated in United States dollars and reported at fair value as available-for-sale securities in the condensed consolidated balance sheets as follows:

 

 

 

As of October 31, 2022

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

13,525

 

 

$

 

 

$

 

 

$

13,525

 

Commercial paper

 

 

18,161

 

 

 

 

 

 

 

 

 

18,161

 

Corporate bonds

 

 

21,390

 

 

 

1

 

 

 

(425

)

 

 

20,966

 

Asset-backed securities

 

 

16,287

 

 

 

 

 

 

(260

)

 

 

16,027

 

U.S. government securities

 

 

31,402

 

 

 

 

 

 

(359

)

 

 

31,043

 

Total cash equivalents and marketable debt securities

 

$

100,765

 

 

$

1

 

 

$

(1,044

)

 

$

99,722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2022

 

 

 

Amortized Cost

 

 

Unrealized Gains

 

 

Unrealized Losses

 

 

Fair Value

 

 

 

(in thousands)

 

Money market funds

 

$

20

 

 

$

 

 

$

 

 

$

20

 

Total cash equivalents and marketable debt securities

 

$

20

 

 

$

 

 

$

 

 

$

20

 

Schedule of Cash Equivalents and Marketable Debt Securities

 

          As of October 31, 2022, there were no debt securities with unrealized losses for more than twelve months.

 

 

 

 

 

As of

 

 

 

October 31, 2022

 

 

January 31, 2022

 

 

 

(in thousands)

 

Included in cash equivalents

 

$

13,525

 

 

$

20

 

Included in marketable debt securities

 

 

86,197

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

99,722

 

 

$

20

 

Summary of Contractual Maturities of Investments

The contractual maturities of the investments at October 31, 2022 and January 31, 2022 were as follows:

 

 

 

As of

 

 

 

October 31, 2022

 

 

January 31, 2022

 

 

 

(in thousands)

 

Less than one year

 

$

54,829

 

 

$

20

 

Due in 1 - 5 years

 

 

44,893

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

99,722

 

 

$

20

 

 

Schedule of Fair Value of Financial Instruments Measured on Recurring Basis

 

The following tables present the fair value of the financial instruments measured on a recurring basis as of October 31, 2022 and January 31, 2022, respectively:

 

 

 

As of October 31, 2022

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

13,525

 

 

$

13,525

 

 

$

 

 

$

 

Commercial paper

 

 

18,161

 

 

 

 

 

 

18,161

 

 

 

 

Corporate bonds

 

 

20,966

 

 

 

 

 

 

20,966

 

 

 

 

Asset-backed securities

 

 

16,027

 

 

 

 

 

 

16,027

 

 

 

 

U.S. government securities

 

 

31,043

 

 

 

 

 

 

31,043

 

 

 

 

Total cash equivalents and marketable debt securities

 

$

99,722

 

 

$

13,525

 

 

$

86,197

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of January 31, 2022

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(in thousands)

 

Money market funds

 

$

20

 

 

$

20

 

 

$

 

 

$

 

Total cash equivalents and marketable debt securities

 

$

20

 

 

$

20

 

 

$

 

 

$