v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes our financial assets that are measured at fair value on a recurring basis:
April 30, 2026
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$266,585 $— $— $266,585 
Level 2:
Available-for-sale securities
Commercial paper32,384 (30)32,355 
Corporate notes and bonds435,284 189 (761)434,712 
U.S. governmental securities8,998 — (16)8,982 
Level 2 total476,666 190 (807)476,049 
Total$743,251 $190 $(807)$742,634 
January 31, 2026
(in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Level 1:
Cash equivalents(1)
Money market funds$248,251 $— $— $248,251 
Level 2:
Available-for-sale securities
Commercial paper32,611 (6)32,612 
Corporate notes and bonds425,648 806 (77)426,377 
U.S. governmental securities13,498 (11)13,488 
Level 2 total471,757 814 (94)472,477 
Total$720,008 $814 $(94)$720,728 
(1) Included in “cash and cash equivalents” in our consolidated balance sheets as of April 30, 2026 and January 31, 2026, in addition to cash of $281.4 million and $354.1 million.
Schedule of Fair Value of Available-for-sale Marketable Securities by Remaining Contractual Maturities
The fair values of our available-for-sale securities as of April 30, 2026, by remaining contractual maturities, were as follows (in thousands):
Due in one year or less$266,152 
Due in one to two years209,897 
$476,049