Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2026

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets that have been measured at fair value on a recurring basis as of April 30, 2026 and January 31, 2026 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands):


	Fair Value Measurement as of April 30, 2026
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	338,920	$	—	$	—	$	338,920
Short-term investments:
U.S. government treasury securities	1,390,799		—		—		1,390,799
Total financial assets	$	1,729,719	$	—	$	—	$	1,729,719


	Fair Value Measurement as of January 31, 2026
	Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents:
Money market funds	$	381,687	$	—	$	—	$	381,687
Short-term investments:
U.S. government treasury securities	1,303,701		—		—		1,303,701
Total financial assets	$	1,685,388	$	—	$	—	$	1,685,388

Schedule of Marketable Securities

The following table summarizes the amortized cost and fair value of the Company’s short-term investments by remaining contractual maturity as of April 30, 2026 and January 31, 2026 (in thousands):


	April 30, 2026						January 31, 2026
	Amortized Cost		Net Unrealized Gains		Fair Value		Amortized Cost		Net Unrealized Gains		Fair Value
Due within one year	$	688,576	$	587	$	689,163	$	770,766	$	1,539	$	772,305
Due after one year and within three years	701,244		392		701,636		527,268		4,128		531,396
Total short-term investments	$	1,389,820	$	979	$	1,390,799	$	1,298,034	$	5,667	$	1,303,701