Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2024

The following tables summarize our fair value hierarchy for our financial assets measured at fair value on a recurring basis (in thousands):


	January 31, 2024
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	207,632	$	—	$	—	$	207,632
Corporate bonds	3,497		—		—		3,497
Total cash equivalents	211,129		—		—		211,129
Short-term investments:
U.S. government securities	$	—	$	98,249	$	—	$	98,249
Corporate bonds	—		129,885		—		129,885
Commercial paper	—		29,986		—		29,986


Total short-term investments	$	—	$	258,120	$	—	$	258,120
Liabilities:
Warrant liability	$	—	$	—	$	11,992	$	11,992
Debt conversion liability	—		—		6,848		6,848
Total liabilities	$	—	$	—	$	18,840	$	18,840


	January 31, 2023
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	184,580	$	—	$	—	$	184,580
Short-term investments:
U.S. government securities	$	—	$	34,488	$	—	$	34,488
Corporate bonds	—		41,785		—		41,785
Commercial paper	—		102,720		—		102,720

Foreign government securities	—		4,013		—		4,013
Total short-term investments	$	—	$	183,006	$	—	$	183,006
Liabilities:
Warrant liability	$	—	$	—	$	2,829	$	2,829

Changes in our Level 3 fair value measurements were as follows (in thousands):


	Warrant Liability
Balance, January 31, 2023	$	2,829
Reclassification of warrants from Additional paid-in-capital to Accrued expenses and other current liabilities	7,717
Change in fair value	1,446
Balance, January 31, 2024	$	11,992