| Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following tables present the fair value hierarchy of our financial assets and liabilities measured at fair value on a recurring basis as of April 30, 2021 and January 31, 2021 (in thousands):
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As of April 30, 2021
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Level 1
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Level 2
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Total
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Financial assets:
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|
|
|
|
|
|
|
|
|
|
|
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Money market
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|
$
|
161,409
|
|
|
$
|
—
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|
|
$
|
161,409
|
|
|
Commercial paper
|
|
|
—
|
|
|
|
4,999
|
|
|
|
4,999
|
|
|
Total cash equivalents
|
|
$
|
161,409
|
|
|
$
|
4,999
|
|
|
$
|
166,408
|
|
|
Commercial paper
|
|
|
—
|
|
|
|
27,774
|
|
|
|
27,774
|
|
|
Corporate bonds
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|
|
—
|
|
|
|
55,489
|
|
|
|
55,489
|
|
|
Total marketable securities
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|
|
—
|
|
|
|
83,263
|
|
|
|
83,263
|
|
|
Total
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|
$
|
161,409
|
|
|
$
|
88,262
|
|
|
$
|
249,671
|
|
|
Financial liabilities:
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|
|
|
|
|
|
|
|
|
|
|
|
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Foreign currency derivative liabilities included in
accrued expenses and other current liabilities
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|
$
|
—
|
|
|
$
|
190
|
|
|
$
|
190
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
190
|
|
|
$
|
190
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of January 31, 2021
|
|
|
|
|
Level 1
|
|
|
Level 2
|
|
|
Total
|
|
|
Financial assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market
|
|
$
|
198,523
|
|
|
$
|
—
|
|
|
$
|
198,523
|
|
|
Commercial paper
|
|
|
—
|
|
|
|
19,999
|
|
|
|
19,999
|
|
|
Corporate bonds
|
|
|
—
|
|
|
|
1,477
|
|
|
|
1,477
|
|
|
Total cash equivalents
|
|
$
|
198,523
|
|
|
$
|
21,476
|
|
|
$
|
219,999
|
|
|
Commercial paper
|
|
|
—
|
|
|
|
23,171
|
|
|
|
23,171
|
|
|
Corporate bonds
|
|
|
—
|
|
|
|
79,657
|
|
|
|
79,657
|
|
|
Total marketable securities
|
|
|
—
|
|
|
|
102,828
|
|
|
|
102,828
|
|
|
Total
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|
$
|
198,523
|
|
|
$
|
124,304
|
|
|
$
|
322,827
|
|
|
Financial liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
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Foreign currency derivative liabilities included in
accrued expenses and other current liabilities
|
|
$
|
—
|
|
|
$
|
571
|
|
|
$
|
571
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
571
|
|
|
$
|
571
|
|
|