v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables summarize the assets measured at fair value on a recurring basis as of January 31, 2026 and April 30, 2026 by level within the fair value hierarchy (in thousands):
January 31, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$5,491 $— $— $5,491 
Financial liability:
Warrant liability$— $— $9,249 $9,249 
April 30, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$5,691 $— $— $5,691 
Financial liability:
Warrant liability$— $— $7,166 $7,166 
Change in Fair Value of Warrant Liability
The changes in the fair value of the warrant liability were as follows (in thousands):
Balance as of January 31, 2026$9,249 
Change in fair value of Class B common stock warrants(2,083)
Balance as of April 30, 2026$7,166 
Schedule of Valuation Assumptions Used in Warrant Liabilities
The value of the warrant liabilities are estimated using the Black-Scholes option-pricing model with the following assumptions:
Three months ended April 30,
2026
Expected stock price volatility
63% - 75%
Expected term
1.8 - 2.6 years
Risk-free interest rate
3.52% - 3.88%
Expected dividend yield