v3.26.1
Fair Value Measurements
 3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities recorded at fair value in the financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows:
    
•Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
    
•Level 2: Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
         
•Level 3: Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis (in thousands):
April 30, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$242,858 $— $— $242,858 
Total assets
$242,858 $— $— $242,858 
January 31, 2026
Level 1Level 2Level 3Total
Assets:
Cash equivalents:
Money market funds$308,535 $— $— $308,535 
Total assets$308,535 $— $— $308,535 
The Company’s carrying amounts of financial instruments, including cash, accounts receivable, accounts payable, and accrued expenses are considered Level 1 and approximate their fair values due to their short maturities as of April 30, 2026 and January 31, 2026 and are excluded from the fair value tables above.
There were no transfers between fair value measurement levels during the period ended April 30, 2026 and January 31, 2026.