XML 21 R13.htm IDEA: XBRL DOCUMENT
v3.26.1

Balance Sheet Components | 9 Months Ended
--- | ---
Apr. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | NOTE 4. BALANCE SHEET COMPONENTS Short-Term Investments The amortized cost of our short-term investments approximates their fair value. Unrealized losses related to our short-term investments are generally due to interest rate fluctuations, as opposed to credit quality. However, we review individual securities that are in an unrealized loss position in order to evaluate whether or not they have experienced or are expected to experience credit losses that would result in a decline in fair value. As of July 31, 2025 and April 30, 2026, unrealized gains and losses from our short-term investments were not material and were not the result of a decline in credit quality. As a result, as of July 31, 2025 and April 30, 2026, we did no t record any credit losses for these investments. The following table summarizes the estimated fair value of our investments in marketable debt securities by their contractual maturity dates:
|  | As of April 30, 2026 |
|  | (in thousands) |
Due within one year |  | $ | 697,949 |
Due in one to three years |  |  | 601,142 |
Total |  | $ | 1,299,091 |
Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consists of the following:
|  | As of |
|  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in thousands) |
Prepaid operating expenses |  | $ | 56,762 |  |  | $ | 65,554 |
VAT receivables |  |  | 10,316 |  |  |  | 9,878 |
Other current assets |  |  | 38,313 |  |  |  | 120,237 |
Total prepaid expenses and other current assets |  | $ | 105,391 |  |  | $ | 195,669 |
The increase in other current assets from July 31, 2025 to April 30, 2026 was due primarily to the addition of $77.9 million of current contract assets related to revenue contracts where revenue recognized exceeds billings. For additional details on contract assets, refer to Note 2. Property and Equipment, Net Property and equipment, net consists of the following:
|  |  |  | As of |
|  | Estimated Useful Life |  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in months) |  | (in thousands) |
Computer, production, engineering and other equipment |  | 36 |  | $ | 435,564 |  |  | $ | 436,459 |
Demonstration units |  | 12 |  |  | 59,475 |  |  |  | 53,281 |
Leasehold improvements |  | (1) |  |  | 71,520 |  |  |  | 80,741 |
Software |  | (2) |  |  | 29,152 |  |  |  | 28,808 |
Furniture and fixtures |  | 60 |  |  | 15,542 |  |  |  | 16,302 |
Total property and equipment, gross |  |  |  |  | 611,253 |  |  |  | 615,591 |
Less: accumulated depreciation |  |  |  |  | (468,439 | ) |  |  | (488,275 | )
Total property and equipment, net |  |  |  | $ | 142,814 |  |  | $ | 127,316 |
(1) Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term. (2) The estimated useful life of software ranges from 36 to 120 months, representing the period during which the software is expected to contribute, either directly or indirectly, to our future cash flows. Depreciation expense related to our p roperty and equipment was approximately $16.4 million and $49.2 million for the three and nine months ended April 30, 2025, respectively, and $16.3 million and $50.5 million for the three and nine months ended April 30, 2026, respectively. Goodwill and Intangible Assets, Net There was no change in the carrying value of goodwill during the nine months ended April 30, 2026. Intangible assets, net consists of the following:
|  | As of |
|  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in thousands) |
Developed technology |  | $ | 79,838 |  |  | $ | 79,838 |
Customer relationships |  |  | 11,230 |  |  |  | 11,230 |
Trade name |  |  | 4,200 |  |  |  | 4,200 |
Total intangible assets, gross |  |  | 95,268 |  |  |  | 95,268 |
Less: |  |  |  |  |  |
Accumulated amortization of developed technology |  |  | (78,989 | ) |  |  | (79,297 | )
Accumulated amortization of customer relationships |  |  | (9,464 | ) |  |  | (9,738 | )
Accumulated amortization of trade name |  |  | (4,200 | ) |  |  | (4,200 | )
Total accumulated amortization |  |  | (92,653 | ) |  |  | (93,235 | )
Total intangible assets, net |  | $ | 2,615 |  |  | $ | 2,033 |
Amortization expense related to our intangible assets is recognized in the condensed consolidated statements of operations within product cost of revenue for developed technology and sales and marketing expense for customer relationships and trade name. The estimated future amortization expense of our intangible assets is as follows:
Fiscal Year Ending July 31: |  | Amount |
|  | (in thousands) |
2026 (remaining three months) |  | $ | 197 |
2027 |  |  | 777 |
2028 |  |  | 353 |
2029 |  |  | 353 |
2030 |  |  | 353 |
Total |  | $ | 2,033 |
Accrued Compensation and Benefits Accrued compensation and benefits consists of the following:
|  | As of |
|  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in thousands) |
Accrued vacation |  | $ | 31,062 |  |  | $ | 36,022 |
Accrued bonus |  |  | 37,654 |  |  |  | 24,950 |
Accrued benefits |  |  | 17,976 |  |  |  | 24,398 |
Payroll taxes payable |  |  | 31,366 |  |  |  | 22,301 |
Accrued commissions and taxes |  |  | 51,036 |  |  |  | 20,763 |
Accrued wages and taxes |  |  | 18,846 |  |  |  | 9,973 |
Contributions to ESPP withheld |  |  | 26,325 |  |  |  | 9,263 |
Other |  |  | 16,233 |  |  |  | 17,666 |
Total accrued compensation and benefits |  | $ | 230,498 |  |  | $ | 165,336 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration