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Leases | 9 Months Ended
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Apr. 30, 2026
Leases [Abstract] |
Leases | NOTE 6. LEASES We have operating leases for offices, research and development facilities, and data centers and finance leases for certain data center equipment. Our leases have remaining lease terms of one year to approximately nine years, some of which include options to renew or terminate. We do not include renewal options in the lease terms for calculating our lease liability, as we are not reasonably certain that we will exercise these renewal options at the time of the lease commencement. Our lease agreements do not contain any residual value guarantees or restrictive covenants. Total operating lease cost was approximately $9.6 million and $27.6 million for the three and nine months ended April 30, 2025, respectively, and $12.5 million and $33.3 million for the three and nine months ended April 30, 2026, respectively, excluding short-term lease costs, variable lease costs and sublease income, each of which were not material. Variable lease costs primarily include common area maintenance charges. Total finance lease cost was immaterial for the three and nine months ended April 30, 2025 and 2026. In February 2026, we executed an agreement to reduce the term of a lease for a data center facility. The agreement was accounted for as a lease modification under ASC 842. Accordingly, the lease liability was remeasured resulting in a $15.2 million reduction to both the lease liability and right-of-use asset. Supplemental balance sheet information related to our leases is as follows:
|  | As of |
|  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in thousands) |
Operating leases: |  |  |  |  |  |
Operating lease right-of-use assets, gross |  | $ | 217,060 |  |  | $ | 267,926 |
Accumulated amortization |  |  | (82,534 | ) |  |  | (92,665 | )
Operating lease right-of-use assets, net |  | $ | 134,526 |  |  | $ | 175,261 |
Operating lease liabilities—current |  | $ | 23,234 |  |  | $ | 37,346 |
Operating lease liabilities—non-current |  |  | 115,754 |  |  |  | 144,063 |
Total operating lease liabilities |  | $ | 138,988 |  |  | $ | 181,409 |
Weighted average remaining lease term (in years): |  |  | 4.5 |  |  |  | 4.7 |
Weighted average discount rate: |  |  | 6.3 | % |  |  | 6.3 | %
|  | As of |
|  | July 31, 2025 |  |  | April 30, 2026 |
|  | (in thousands) |
Finance leases: |  |  |  |  |  |
Finance lease right-of-use assets, gross (1) |  | $ | 18,288 |  |  | $ | 13,054 |
Accumulated amortization (1) |  |  | (12,805 | ) |  |  | (10,029 | )
Finance lease right-of-use assets, net (1) |  | $ | 5,483 |  |  | $ | 3,025 |
Finance lease liabilities—current (2) |  | $ | 3,301 |  |  | $ | 2,056 |
Finance lease liabilities—non-current (3) |  |  | 2,734 |  |  |  | 1,339 |
Total finance lease liabilities |  | $ | 6,035 |  |  | $ | 3,395 |
Weighted average remaining lease term (in years): |  |  | 2.0 |  |  |  | 1.7 |
Weighted average discount rate: |  |  | 7.1 | % |  |  | 7.4 | %
(1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other current liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities—non-current. Supplemental cash flow and other information related to our leases is as follows:
|  | Three Months Ended April 30, |  |  | Nine Months Ended April 30, |
|  | 2025 |  |  | 2026 |  |  | 2025 |  |  | 2026 |
|  | (in thousands) |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 8,097 |  |  | $ | 11,526 |  |  | $ | 27,740 |  |  | $ | 29,194 |
Operating cash flows from finance leases |  | $ | 147 |  |  | $ | 71 |  |  | $ | 492 |  |  | $ | 257 |
Financing cash flows from finance leases |  | $ | 998 |  |  | $ | 800 |  |  | $ | 2,943 |  |  | $ | 2,638 |
Lease liabilities arising from obtaining right-of-use assets: |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 37,542 |  |  | $ | (6,185 | ) |  | $ | 54,435 |  |  | $ | 66,232 |
The undiscounted cash flows for our lease liabilities as of April 30, 2026 were as follows:
Fiscal Year Ending July 31: |  | Operating Leases |  |  | Finance Leases |  |  | Total |
|  | (in thousands) |
2026 (remaining three months) |  | $ | 9,767 |  |  | $ | 720 |  |  | $ | 10,487 |
2027 |  |  | 49,350 |  |  |  | 1,908 |  |  |  | 51,258 |
2028 |  |  | 46,533 |  |  |  | 961 |  |  |  | 47,494 |
2029 |  |  | 44,255 |  |  |  | 42 |  |  |  | 44,297 |
2030 |  |  | 34,031 |  |  |  | — |  |  |  | 34,031 |
Thereafter |  |  | 27,255 |  |  |  | — |  |  |  | 27,255 |
Total lease payments |  |  | 211,191 |  |  |  | 3,631 |  |  |  | 214,822 |
Less: imputed interest |  |  | (29,782 | ) |  |  | (236 | ) |  |  | (30,018 | )
Total lease obligation |  |  | 181,409 |  |  |  | 3,395 |  |  |  | 184,804 |
Less: current lease obligations |  |  | (37,346 | ) |  |  | (2,056 | ) |  |  | (39,402 | )
Long-term lease obligations |  | $ | 144,063 |  |  | $ | 1,339 |  |  | $ | 145,402 |
As of April 30, 2026, we did no t have any additional operating lease commitments for leases that have not yet commenced.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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