v3.25.2
Fair Value Measurements
 6 Months Ended
Jul. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table sets forth our financial instruments that were measured at fair value on a recurring basis at the periods indicated below, by level within the fair value hierarchy (in thousands):
July 31, 2025
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,242 $— $— $20,242 
Total cash equivalents20,242 — — 20,242 
Marketable securities
U.S. government securities$216,057 $— $— $216,057 
Corporate debt securities— 66,569 — 66,569 
Total marketable securities216,057 66,569 — 282,626 
Derivative Instruments
Cash flow hedges$— $5 $— $5 
Total financial assets$236,299 $66,574 $— $302,873 
January 31, 2025
Level 1Level 2Level 3Total
Financial Assets:
Cash equivalents
Money market funds$20,487 $— $— $20,487 
U.S. government securities4,998 — — 4,998 
Total cash equivalents25,485 — — 25,485 
Marketable securities
U.S. government securities$317,649 $— $— $317,649 
Corporate debt securities— 112,808 — 112,808 
Total marketable securities317,649 112,808 — 430,457 
Total financial assets$343,134 $112,808 $— $455,942 

Our money market funds and financial instruments are classified as Level 1 within the fair value hierarchy, because they are valued using quoted prices in active markets as of July 31, 2025 and January 31, 2025. Financial instruments, including derivative instruments, are classified as Level 2 within our fair value hierarchy are valued on the basis of prices from an orderly transaction between market participants provided by reputable dealers or pricing services. Prices of these securities are obtained through independent, third-party pricing services and include market quotations that may include both observable and unobservable inputs. In determining the value of a particular investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrices and market transactions in comparable investments and various relationships between investments.
There were no transfers of financial instruments among Level 1, Level 2 and Level 3 during the periods presented.

The following table summarizes the fair value changes in the contingent consideration liability in connection with the acquisition of North Star Y, Pty Ltd (in thousands):

Three Months Ended
July 31,		Six Months Ended
July 31,
2025202420252024
Beginning fair value $— $86 $— $223 
Additions (1) / (adjustments) in the period
— — — (137)
Ending fair value$— $86 $— $86