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Fair Value Measurements (Tables)

12 Months Ended

Jul. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured on Recurring Basis

The fair value of our financial assets measured on a recurring basis is as follows:

		As of July 31, 2023
		Level I				Level II				Level III				Total
		(in thousands)
Financial Assets, Current:
Cash equivalents:
Money market funds		$	211,319			$	—			$	—			$	211,319
U.S. Government securities			—				6,999				—				6,999
Commercial paper			—				34,830				—				34,830
Short-term investments:
Corporate bonds			—				452,703				—				452,703
Commercial paper			—				215,219				—				215,219
U.S. Government securities			—				256,544				—				256,544
Total measured at fair value		$	211,319			$	966,295			$	—			$	1,177,614
Cash															259,781
Total cash, cash equivalents and short-term investments														$	1,437,395
Financial Assets, Non-Current:
Convertible note receivable		$	—			$	—			$	5,700			$	5,700

		As of July 31, 2024
		Level I				Level II				Level III				Total
		(in thousands)
Financial Assets, Current:
Cash equivalents:
Money market funds		$	352,295			$	—			$	—			$	352,295
U.S. Government securities			—				99				—				99
Commercial paper			—				1,747				—				1,747
Short-term investments:
Corporate bonds			—				233,065				—				233,065
Commercial paper			—				33,770				—				33,770
U.S. Government securities			—				72,237				—				72,237
Total measured at fair value		$	352,295			$	340,918			$	—			$	693,213
Cash															301,129
Total cash, cash equivalents and short-term investments														$	994,342
Financial Assets, Non-Current:
Convertible note receivable		$	—			$	—			$	5,150			$	5,150

The carrying values and estimated fair values of financial instruments not recorded at fair value are as follows:

		As of July 31, 2023								As of July 31, 2024
		Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
		(in thousands)
2026 Notes		$	649,630			$	1,043,889			$	—			$	—
2027 Notes			568,535				497,410				570,073				631,178
Total		$	1,218,165			$	1,541,299			$	570,073			$	631,178

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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