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Income Taxes (Tables)

12 Months Ended

Jul. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Loss before provision for income taxes by fiscal year consisted of the following:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Domestic		$	(834,915	)		$	(294,093	)		$	(167,745	)
Foreign			55,233				60,508				66,427
Loss before provision for income taxes		$	(779,682	)		$	(233,585	)		$	(101,318	)

Schedule of Components of Income Tax Expense (Benefit)

Provision for income taxes by fiscal year consisted of the following:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
Current:
U.S. federal		$	13			$	(568	)		$	—
State and local			77				623				2,052
Foreign			21,578				21,952				23,925
Total current taxes			21,668				22,007				25,977
Deferred:
U.S. federal			23				24				24
State and local			—				—				—
Foreign			(2,427	)			(1,056	)			(2,544	)
Total deferred taxes			(2,404	)			(1,032	)			(2,520	)
Provision for income taxes		$	19,264			$	20,975			$	23,457

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision differs from the amount of income tax determined by applying the applicable U.S. federal statutory income tax rate of 21% to pre-tax loss. The reconciliation of the statutory federal income tax and our effective income tax is as follows:

		Fiscal Year Ended July 31,
		2022				2023				2024
		(in thousands)
U.S. federal income tax at statutory rate		$	(163,734	)		$	(49,053	)		$	(21,277	)
Change in valuation allowance			117,588				71,157				115,826
Non-deductible item on fair value remeasurement of    derivative liability			41,589				—				—
Stock-based compensation			14,462				8,767				(47,632	)
Effect of foreign operations			10,544				(4,896	)			(2,553	)
Research and development tax credits			(9,455	)			(17,500	)			(30,076	)
Non-deductible expenses			6,646				5,090				4,704
Change in unrecognized tax benefit			655				1,840				2,840
State income taxes			77				623				2,052
Tax impact of Frame divestiture			—				4,569				—
Other			892				378				(427	)
Total		$	19,264			$	20,975			$	23,457

Schedule of Deferred Tax Assets and Liabilities

The temporary differences that give rise to significant portions of deferred tax assets and liabilities are as follows:

		As of July 31,
		2023				2024
		(in thousands)
Deferred tax assets:
Net operating loss carryforward		$	606,483			$	532,559
Tax credit carryforward			229,429				292,546
Capitalized research expenses			128,169				241,194
Deferred revenue			175,975				179,093
Leases			28,587				35,416
Accruals and reserves			23,631				25,065
Stock-based compensation			17,028				17,221
Intangibles and goodwill			8,499				8,447
Property and equipment			4,043				4,302
Interest expense carryforward			5,166				—
Other assets			24,347				22,631
Total deferred tax assets			1,251,357				1,358,474
Deferred tax liabilities:
Deferred commission expense			(84,421	)			(84,409	)
Leases			(30,153	)			(36,100	)
Prepaid expenses			(1,966	)			(2,249	)
Intangibles and goodwill			(1,258	)			(1,394	)
Property and equipment			(1,362	)			(1,359	)
Convertible notes			(31,207	)			—
Other			(11,808	)			(14,075	)
Total deferred tax liabilities			(162,175	)			(139,586	)
Valuation allowance			(1,078,355	)			(1,205,780	)
Net deferred tax assets		$	10,827			$	13,108

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of our unrecognized tax benefits, excluding accrued interest and penalties, is as follows:

		Fiscal Year Ended July 31,
		2023				2024
		(in thousands)
Balance at the beginning of the year		$	90,673			$	95,862
Increases related to current year tax positions			4,635				7,595
Increases related to prior year tax positions			1,616				425
Decreases related to prior year tax positions			(29	)			(932	)
Lapse of statute of limitations/Settlements/Other			(1,033	)			(303	)
Balance at the end of the year		$	95,862			$	102,647

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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