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Debt (Tables)
 12 Months Ended
Jul. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The net carrying value of the liability component and unamortized debt issuance costs of the Convertible Senior Notes was as follows (in thousands):
July 31, 2025July 31, 2024
2025 convertible senior notes$— $400,000 
2029 convertible senior notes690,000 — 
2025 credit facility— — 
Total principal amount690,000 400,000 
Less: unamortized debt issuance costs(15,432)(1,097)
Net carrying amount of debt674,568 398,903 
Less: current portion of convertible senior notes, net— 398,903 
Non-current portion of convertible senior notes, net$674,568 $— 
The following table sets forth the interest expense recognized related to debt instruments (in thousands):
Fiscal years ended July 31,
202520242023
Contractual interest expense$8,984 $5,000 $5,000 
Amortization of debt issuance costs3,758 1,732 1,703 
Total$12,742 $6,732 $6,703 
Schedule of Capped Calls
The following table below sets forth key terms and costs incurred for the Capped Calls related to each of the Convertible Senior Notes (in millions, except per share amounts):
2025 Convertible Senior Notes2029 Convertible Senior Notes
Initial strike price per share, subject to certain adjustments$113.75 $244.65 
Initial cap price per share, subject to certain adjustments$153.13 $329.33 
Net cost incurred (in millions)$37.2 $58.8 
Common stock covered, subject to anti-dilution adjustments (in millions)3.52.8