Intangibles, net (Tables)

9 Months Ended

Jan. 31, 2026

Intangibles, net

Schedule of components of intangibles

The components of intangibles are as follows (in thousands):

	January 31,		April 30,
	2026		2025
Technology	$	582,260	$	101,645
Licenses		1,008		1,008
Customer relationships		577,291		77,588
Backlog		52,961		2,963
In-process research and development		550		550
Non-compete agreements		320		320
Trademarks and tradenames		1,668		1,668
Other		146		146
Intangibles, gross		1,216,204		185,888
Less accumulated amortization		(290,279)		(137,177)
Intangibles, net	$	925,925	$	48,711

Schedule of estimated amortization expense for the next five years

Estimated remaining amortization expense for the next five years is as follows (in thousands):

	Year ending
	April 30,
2026	$	50,157
2027		164,101
2028		156,636
2029		153,940
2030		130,905
	$	655,739