Sprinklr, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities

Marketable Securities

3 Months Ended

Apr. 30, 2023

Investments, Debt and Equity Securities [Abstract]

The following is a summary of available-for-sale marketable securities, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheets:


	April 30, 2023
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair value
Corporate bonds	$	40,423	$	2	$	(70)	$	40,355
Municipal bonds	12,512		—		(7)		12,505
U.S. government and agency securities	151,657		23		(255)		151,425
Certificates of deposit	59,430		6		(101)		59,335
Commercial paper	154,764		2		(192)		154,574
Marketable securities	$	418,786	$	33	$	(625)	$	418,194


	January 31, 2023
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair value
Corporate bonds	$	39,922	$	8	$	(68)	$	39,862
Municipal bonds	12,429		22		—		12,451
U.S. government and agency securities	128,898		6		(367)		128,537
Certificates of deposit	59,545		28		(155)		59,419
Commercial paper	150,131		41		(202)		149,970
Marketable securities	$	390,925	$	105	$	(791)	$	390,239

As of April 30, 2023 and January 31, 2023, the maturities of available-for-sale marketable securities did not exceed 12 months.

The following table presents estimated fair value and gross unrealized losses of debt securities in an unrealized loss position for which an allowance for credit losses has not been recorded, aggregated by security category. There are no expected credit losses that have been recorded against the Company’s investment securities as of April 30, 2023 and January 31, 2023.


	April 30, 2023				January 31, 2023
(in thousands)	Fair Value		Gross Unrealized Losses (1)		Fair Value		Gross Unrealized Losses (1)
Corporate bonds	$	40,355	$	(70)	$	39,862	$	(68)
Municipal bonds	$	12,505	$	(7)	$	—	$	—
U.S. government and agency securities	$	151,425	$	(255)	$	128,537	$	(367)
Certificates of deposit	$	59,335	$	(101)	$	59,419	$	(155)
Commercial paper	$	154,574	$	(192)	$	149,970	$	(202)

(1) All investments above have been in a continuous unrealized loss position for less than 12 months.

The above table includes 198 securities as of April 30, 2023, where the current fair value is less than the related amortized cost. Unrealized losses on the Company’s debt securities included in the above table are not considered to be credit-related based upon an analysis that considered the extent to which the fair value is less than the amortized basis of a security, adverse conditions specifically related to the security, changes to credit rating of the instrument subsequent to Company purchase, and the strength of the underlying collateral, if any.