v3.26.1
Cash Equivalents and Short-Term Investments (Tables)
 3 Months Ended
Apr. 30, 2026
Cash and Cash Equivalents [Abstract]  
Schedule of Short Term Investments
The following table summarizes the Company’s cash equivalents and available-for-sale short-term investments by significant investment category as of April 30, 2026 (in thousands):
As of April 30, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents
    Money market funds$275,248 $— $— $275,248 
Total cash equivalents (1)
275,248 — — 275,248 
Level 2:
Short-term investments
    Commercial paper2,413 — (1)2,412 
    Corporate debt securities366,841 179 (398)366,622 
    U.S. Agency securities92,566 16 (142)92,440 
 U.S. Treasury securities528,284 204 (456)528,032 
Total short-term investments990,104 399 (997)989,506 
Total cash equivalents and short-term investments$1,265,352 $399 $(997)$1,264,754 
(1) Included in “cash and cash equivalents” in the condensed consolidated balance sheet as of April 30, 2026, in addition to cash of $60.1 million.
The following table summarizes equity securities classified as short-term investments held by JiHu, the company’s consolidated joint venture (in thousands):
LevelFair Value
Wealth Management Products2$32,611 
The following table summarizes the Company’s cash equivalents and available-for-sale short-term investments by significant investment category as of January 31, 2026 (in thousands):
As of January 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Level 1:
Cash equivalents
    Money market funds$152,741 $— $— $152,741 
Total cash equivalents (1)
152,741 — — 152,741 
Level 2:
Short-term investments
    Commercial paper7,452 1 — 7,453 
    Corporate debt securities294,930 677 (35)295,572 
    U.S. Agency securities93,997 87 (28)94,056 
 U.S. Treasury securities632,499 768 (21)633,246 
Total short-term investments1,028,878 1,533 (84)1,030,327 
Total cash equivalents and short-term investments$1,181,619 $1,533 $(84)$1,183,068 
(1) Included in “cash and cash equivalents” in the condensed consolidated balance sheet as of January 31, 2026, in addition to cash of $76.8 million.
Schedule of Unrealized Losses Cash Equivalents and Short Term Investment
The following table summarizes unrealized losses on the Company’s cash equivalents and available-for-sale short-term investments aggregated by category and the length of time such aggregated investments have been in a continuous unrealized loss position as of the periods presented (in thousands):
Less Than 12 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
April 30, 2026
    U.S. Agency securities$63,629 $(142)$— $— $63,629 $(142)
    Commercial paper2,412 (1)— — 2,412 (1)
    Corporate debt securities214,667 (398)— — 214,667 (398)
    U.S. Treasury securities226,997 (456)— — 226,997 (456)
Total cash equivalents and short-term investments$507,705 $(997)$— $— $507,705 $(997)
Less Than 12 Months12 Months or GreaterTotal
Carrying ValueGross Unrealized LossesCarrying ValueGross Unrealized LossesFair ValueGross Unrealized Losses
January 31, 2026
    U.S. Agency securities$38,754 $(28)$— $— $38,754 $(28)
    Commercial paper4,976 — — — 4,976 — 
    Corporate debt securities53,640 (35)— — 53,640 (35)
    U.S. Treasury securities73,619 (21)— — 73,619 (21)
Total cash equivalents and short-term investments$170,989 $(84)$— $— $170,989 $(84)
Schedule of Short Term Investments by Contractual Maturity
The following table classifies the Company’s available-for-sale short-term investments by contractual maturities (in thousands):
April 30, 2026January 31, 2026
Amortized costFair ValueAmortized costFair Value
Due within 1 year$619,164 $619,386 $610,087 $611,036 
Due between 1 year to 2 years370,940 370,120 418,791 419,291 
Total$990,104 $989,506 $1,028,878 $1,030,327