v3.26.1
Fair Value Measurements
 3 Months Ended
Apr. 30, 2026
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):
April 30, 2026
Level 1Level 2Level 3Total
Financial assets:
Cash equivalents
Money market funds$60,468 $— $— $60,468 
U.S. government securities— — — — 
Total cash equivalents60,468 — — 60,468 
Marketable securities
U.S. government securities$157,925 $— $— $157,925 
Corporate debt securities— 84,307 — 84,307 
Total marketable securities157,925 84,307 — 242,232 
 Derivative instruments
 Cash flow hedges $— $69 $— $69 
Total financial assets$218,393 $84,376 $— $302,769 
Liabilities:
Derivative instruments
Cash flow hedges$— $(3)$— $(3)
Total liabilities
$— $(3)$— $(3)
January 31, 2026
Level 1Level 2Level 3Total
Financial assets:
Cash equivalents
Money market funds$39,538 $— $— $39,538 
U.S. government securities3,000 — — 3,000 
Total cash equivalents42,538 — — 42,538 
Marketable securities
U.S. government securities$189,238 $— $— $189,238 
Corporate debt securities— 98,342 — 98,342 
Total marketable securities189,238 98,342 — 287,580 
Derivative instruments
Cash flow hedges$— $409 $— $409 
Total financial assets$231,776 $98,751 $— $330,527 
Liabilities:
Derivative instruments
Cash flow hedges$— $(25)$— $(25)
Total liabilities
$— $(25)$— $(25)

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 April 30, 2026 and January 31, 2026. 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.