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 1		Level 2		Level 3		Total
Financial assets:
Cash equivalents
Money market funds	$	60,468	$	—	$	—	$	60,468
U.S. government securities	—		—		—		—
Total cash equivalents	60,468		—		—		60,468

Marketable securities
U.S. government securities	$	157,925	$	—	$	—	$	157,925
Corporate debt securities	—		84,307		—		84,307
Total marketable securities	157,925		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 1		Level 2		Level 3		Total
Financial assets:
Cash equivalents
Money market funds	$	39,538	$	—	$	—	$	39,538
U.S. government securities	3,000		—		—		3,000
Total cash equivalents	42,538		—		—		42,538

Marketable securities
U.S. government securities	$	189,238	$	—	$	—	$	189,238
Corporate debt securities	—		98,342		—		98,342
Total marketable securities	189,238		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)