Schedule of Fair Value of Financial Instruments Measured at Fair Value on a Recurring Basis |
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 1 | | Level 2 | | Level 3 | | Total | Financial Assets: | | | | | | | | Cash equivalents | | | | | | | | Money market funds | $ | 20,242 | | | $ | — | | | $ | — | | | $ | 20,242 | | Total cash equivalents | 20,242 | | | — | | | — | | | 20,242 | | | | | | | | | | Marketable securities | | | | | | | | U.S. government securities | $ | 216,057 | | | $ | — | | | $ | — | | | $ | 216,057 | | Corporate debt securities | — | | | 66,569 | | | — | | | 66,569 | | Total marketable securities | 216,057 | | | 66,569 | | | — | | | 282,626 | | | | | | | | | | Derivative Instruments | | | | | | | | Cash flow hedges | $ | — | | | $ | 5 | | | $ | — | | | $ | 5 | | Total financial assets | $ | 236,299 | | | $ | 66,574 | | | $ | — | | | $ | 302,873 | |
| | | | | | | | | | | | | | | | | | | | | | | | | January 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | Financial Assets: | | | | | | | | Cash equivalents | | | | | | | | Money market funds | $ | 20,487 | | | $ | — | | | $ | — | | | $ | 20,487 | | U.S. government securities | 4,998 | | | — | | | — | | | 4,998 | | Total cash equivalents | 25,485 | | | — | | | — | | | 25,485 | | | | | | | | | | Marketable securities | | | | | | | | U.S. government securities | $ | 317,649 | | | $ | — | | | $ | — | | | $ | 317,649 | | Corporate debt securities | — | | | 112,808 | | | — | | | 112,808 | | Total marketable securities | 317,649 | | | 112,808 | | | — | | | 430,457 | | Total financial assets | $ | 343,134 | | | $ | 112,808 | | | $ | — | | | $ | 455,942 | |
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Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation |
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, | | 2025 | | 2024 | | 2025 | | 2024 | Beginning fair value | $ | — | | | $ | 86 | | | $ | — | | | $ | 223 | | Additions (1) / (adjustments) in the period | — | | | — | | | — | | | (137) | | Ending fair value | $ | — | | | $ | 86 | | | $ | — | | | $ | 86 | |
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