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Debt (Tables)
 3 Months Ended
Oct. 31, 2025
Debt Disclosure [Abstract]  
Schedule of debt
The net carrying value of debt instruments and unamortized debt issuance costs was as follows (in thousands):
Debt Instrument
October 31, 2025July 31, 2025
2029 convertible senior notes
$690,000 $690,000 
2025 credit facility— — 
Total principal amount
690,000 690,000 
Less: unamortized debt issuance costs
(14,557)(15,432)
Net carrying amount of debt675,443 674,568 
Less: current portion of convertible senior notes, net
— — 
Non-current portion of convertible senior notes, net
$675,443 $674,568 
The following table sets forth the interest expense recognized related to debt instruments (in thousands):
Three Months Ended
October 31,
20252024
Contractual interest expense$2,156 $1,511 
Amortization of debt issuance costs980 545 
Commitment fees173 — 
Total
$3,309 $2,056 
Schedule of capped calls
The following table below sets forth key terms and costs incurred for the Capped Calls related to the 2029 Convertible Senior Notes (in millions, except per share amounts):
2029 Convertible Senior Notes
Initial strike price per share, subject to certain adjustments
$244.65 
Initial cap price per share, subject to certain adjustments
$329.33 
Net cost incurred
$58.8 
Common stock shares covered, subject to anti-dilution adjustments
2.8