v3.26.1
CASH AND CASH EQUIVALENTS, INVESTMENTS, AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jul. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables summarize information about our cash, cash equivalents, and investments by category as of July 31, 2026 and January 31, 2026 (in thousands):
As of July 31, 2026
Fair Value Level
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value
Assets
Cash and cash equivalents:
Cash$90,988 $— $— $90,988 
Money market fundsLevel 1109,963 — — 109,963 
Total cash and cash equivalents$200,951 $— $— $200,951 
Short-term investments:
U.S. treasury securitiesLevel 1$268,998 $95 $(145)$268,948 
Commercial paperLevel 229,353 — (9)29,344 
Corporate notes and bondsLevel 2147,524 40 (56)147,508 
U.S. agency securitiesLevel 28,500 — (3)8,497 
Total short-term investments$454,375 $135 $(213)$454,297 
Long-term investments:
Strategic investments - marketable equity securities (1)
Level 1$2,767 
Total assets measured at fair value$658,015 
(1) Unrealized losses of $0.6 million and $1.6 million on marketable equity securities held as of July 31, 2026 were recognized in other income (expense), net during the three and six months ended July 31, 2026, respectively. As of July 31, 2026, cumulative unrealized losses on marketable equity securities still held were $1.6 million.
As of January 31, 2026
Fair Value Level
Amortized Cost
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value
Assets
Cash and cash equivalents:
Cash$124,873 $— $— $124,873 
Money market fundsLevel 144,754 — — 44,754 
Total cash and cash equivalents$169,627 $— $— $169,627 
Short-term investments:
U.S. treasury securitiesLevel 1$271,254 $786 $— $272,040 
Corporate notes and bondsLevel 2177,892 610 — 178,502 
U.S. agency securitiesLevel 28,500 — (1)8,499 
Total short-term investments$457,646 $1,396 $(1)$459,041 
Long-term investments:
U.S. treasury securitiesLevel 1$45,754 $227 $— $45,981 
Corporate notes and bondsLevel 258,473 238 — 58,711 
Total long-term investments$104,227 $465 $— $104,692 
Total assets measured at fair value$731,500 $1,861 $(1)$733,360 
Schedule of Fair Value of Derivative Instruments
The following table summarizes the fair value of our derivative instruments on the condensed consolidated balance sheets (in thousands):
As of July 31,As of January 31,
ClassificationFair Value Level20262026
Foreign currency forward contracts not designated as hedging instruments:
Derivative liabilityAccrued expenses and other current liabilitiesLevel 2$358 $574