The following tables present the fair value hierarchy for assets measured at fair value on a recurring basis as of the periods presented (in thousands):


	As of August 1, 2026
	Level 1		Level 2		Level 3		Total
Cash equivalents

Money market funds	$	145,300	$	—	$	—	$	145,300
Commercial paper	—		64,166		—		64,166
U.S. government and agency securities	—		5,998		—		5,998


Total cash equivalents	$	145,300	$	70,164	$	—	$	215,464

Marketable debt securities
Commercial paper	$	—	$	137,127	$	—	$	137,127
Corporate notes and bonds	—		597,512		—		597,512
U.S. government, agency, and municipal securities	—		299,679		—		299,679
Total marketable debt securities	$	—	$	1,034,318	$	—	$	1,034,318


	As of January 31, 2026
	Level 1		Level 2		Level 3		Total
Cash equivalents

Money market funds	$	158,875	$	—	$	—	$	158,875
Commercial paper	—		67,606		—		67,606
U.S. government and agency securities	—		15,291		—		15,291


Total cash equivalents	$	158,875	$	82,897	$	—	$	241,772

Marketable debt securities
Commercial paper	$	—	$	137,590	$	—	$	137,590
Corporate notes and bonds	—		487,845		—		487,845
U.S. government and agency securities	—		292,691		—		292,691
Total marketable debt securities	$	—	$	918,126	$	—	$	918,126