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Segment Information
12 Months Ended
Jul. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment that conducts business globally and is managed, operated, and organized on a consolidated basis. The Company’s chief executive officer is the chief operating decision maker. Since the Company operates in one segment, financial information, revenue by type, and revenue by geographic area presented in the consolidated financial statements represents the operations of the Company’s single segment.
The following table presents selected financial information for the Company’s single operating segment (in thousands):
Fiscal years ended July 31,
202520242023
Total revenue
$1,202,459 $980,497 $905,341 
  Adjusted cost of revenue (1)
413,303 362,572 409,977 
  Stock-based compensation expense
34,848 32,624 33,793 
  Amortization of intangible assets
2,255 1,940 3,360 
Total cost of revenue
450,406 397,136 447,130 
Gross profit
752,053 583,361 458,211 
Gross profit margin
63 %59 %51 %
  Segment operating expenses580,911 518,427 483,683 
  Stock-based compensation expense
126,708 113,836 109,049 
  Amortization of intangible assets
3,189 3,528 3,528 
  Acquisition holdback expense
177 143 2,939 
  Net impact of assignment of lease agreement
— — 8,502 
Total operating expenses
710,985 635,934 607,701 
Income (loss) from operations
41,068 (52,573)(149,490)
Income (loss) from operations margin
%(5)%(17)%
  Interest income (expense) and other income (expense)64,109 27,621 17,901 
  Changes in fair value of strategic investment
(2,130)(1,957)(802)
  Gain on sale of strategic investment
3,671 1,803 — 
  Amortization of debt issuance cost
(3,758)(1,732)(1,703)
  Retirement of debt
(53,565)— — 
Income (loss) before provision for (benefit from) income taxes
49,395 (26,838)(134,094)
Provision for (benefit from) income taxes
(20,409)(20,735)(22,239)
Net income (loss)
$69,804 $(6,103)$(111,855)
(1) Adjusted cost of revenue excludes stock-based compensation and amortization of intangible assets expense
The Company’s long-lived assets for this disclosure are defined as property and equipment and operating lease assets. The Company’s long-lived assets by geographic region are as follows (in thousands):
July 31, 2025July 31, 2024
Americas$64,255 $69,004 
EMEA25,736 26,192 
APAC9,754 3,963 
Total
$99,745 $99,159