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Related Party Transactions (Tables)
6 Months Ended
Nov. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table illustrates related party revenue for the three and six months ended November 30, 2024 and November 30, 2023 (in thousands):
Three Months EndedSix Months Ended
November 30, 2024November 30, 2023November 30, 2024November 30, 2023
Customer D*$— $1,986 $992 $4,319 
Customer E**$— $1,648 $678 $3,500 
*Customer D is a subsidiary of an entity which, during the first quarter of fiscal year 2025, was deemed to beneficially own over 5% of the Company's outstanding common stock. As of July 25, 2024, the controlling individual of the entity filed a Schedule 13G to report the fact that as of the date thereof, the entity had ceased to be a beneficial owner of more than 5% of such class of securities.
**Customer E is 60% owned by an individual who, during the first quarter of fiscal year 2025, was deemed to beneficially own over 5% of the Company's outstanding common stock. As of July 25, 2024, the individual filed a Schedule 13G to report the fact that as of the date thereof, the individual had ceased to be a beneficial owner of more than 5% of such class of securities.
The following table illustrates related party deferred revenue and deposits balances as of November 30, 2024 and May 31, 2024 (in thousands):
Customer D balances as ofCustomer E balances as of
November 30, 2024May 31, 2024November 30, 2024May 31, 2024
Deferred revenue$— $993 $— $699 
Customer deposits
$— $895 $— $654