v3.26.1
INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jul. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Cash Equivalents and Investments
The following table presents the Company’s cash equivalents and investments on the consolidated balance sheets (in thousands):
As of July 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Cash equivalents:
Money market funds$156,129 $— $— $156,129 
Commercial paper33,706 — — 33,706 
Total cash equivalents189,835 — — 189,835 
Short-term investments:
U.S. government and agency securities107,161 7 (290)106,878 
Commercial paper16,866 — — 16,866 
Corporate bonds43,379 — (94)43,285 
Total short-term investments167,406 7 (384)167,029 
Total cash equivalents and investments$357,241 $7 $(384)$356,864 

 As of January 31, 2026
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Cash equivalents:
Money market funds$129,893 $— $— $129,893 
Commercial paper40,758 — — 40,758 
Total cash equivalents170,651 — — 170,651 
Short-term investments:
U.S. government and agency securities103,458 38 — 103,496 
Commercial paper24,087 — — 24,087 
Corporate bonds29,387 26 (2)29,411 
Total short-term investments156,932 64 (2)156,994 
Total cash equivalents and investments$327,583 $64 $(2)$327,645 
Schedule of Fair Value, Assets Measured on Recurring Basis
The following table presents the fair value hierarchy for the Company’s assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):
As of July 31, 2026
Level 1Level 2Level 3Total
Financial Assets
Cash equivalents:
Money market funds
$156,129 $— $— $156,129 
Commercial paper— 33,706 — 33,706 
Short-term investments:
U.S. government and agency securities— 106,878 — 106,878 
Commercial paper— 16,866 — 16,866 
Corporate bonds— 43,285 — 43,285 
Total financial assets$156,129 $200,735 $— $356,864 
 As of January 31, 2026
Level 1Level 2Level 3Total
Financial Assets
Cash equivalents:
Money market funds
$129,893 $— $— $129,893 
Commercial paper— 40,758 — 40,758 
Short-term investments:
U.S. government and agency securities— 103,496 — 103,496 
Commercial paper— 24,087 — 24,087 
Corporate bonds— 29,411 — 29,411 
Total financial assets$129,893 $197,752 $— $327,645 
Schedule of Other Financial Instruments Not Recognized at Fair Value on Balance Sheet
The fair value of other financial instruments that are not recognized at fair value on the balance sheet are presented below for disclosure purposes only (in thousands):
Fair Value HierarchyAs of
July 31, 2026January 31, 2026
Warehouse credit facilityLevel 3$117,952 $122,464 
ABL facilityLevel 3$5,441 $5,563 
Other debtLevel 3$864 $618