XML 24 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Cash Equivalents and Marketable Securities
 3 Months Ended
Jul. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Cash Equivalents and Marketable Securities Cash Equivalents and Marketable Securities
The following table summarizes the Company’s cash equivalents and available-for-sale marketable securities (in thousands):
As of July 31, 2025As of April 30, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueAmortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
Cash equivalents:
Money market funds$50,155 $— $— $50,155 $87,872 $— $— $87,872 
Commercial paper7,854 — — 7,854 29,122 — — 29,122 
Corporate debt securities— — — — 1,015 — — 1,015 
Available-for-sale marketable securities:
U.S. treasury securities29,789 — (13)29,776 15,478 4 — 15,482 
Certificates of deposit85,981 — — 85,981 76,518 — — 76,518 
U.S. government agencies securities62,117 24 (103)62,038 56,990 157 (9)57,138 
Commercial paper135,971 — — 135,971 113,787 — — 113,787 
Corporate debt securities317,171 234 (214)317,191 315,034 502 (131)315,405 
Total cash equivalents and available-for-sale marketable securities$689,038 $258 $(330)$688,966 $695,816 $663 $(140)$696,339 
The following table summarizes the Company’s available-for-sale marketable securities by contractual maturity (in thousands):
As of July 31, 2025As of April 30, 2025
Amortized CostFair ValueAmortized CostFair Value
Within one year$481,267 $481,387 $455,613 $455,956 
After one year through five years149,762 149,570 122,194 122,374 
Total$631,029 $630,957 $577,807 $578,330 
The following table summarizes the fair values and unrealized losses of the Company’s available-for-sale marketable securities classified by length of time that the securities have been in a continuous unrealized loss position but were not deemed to be other-than-temporarily impaired (in thousands):
As of July 31, 2025
Less Than 12 Months12 Months or GreaterTotal
Unrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesFair Value
U.S. treasury securities$(13)$25,780 $— $— $(13)$25,780 
U.S. government agencies securities$(103)$42,983 $— $— $(103)$42,983 
Commercial paper— 930 — — — 930 
Corporate debt securities(214)114,410 — — (214)114,410 
Total$(330)$184,103 $— $— $(330)$184,103 
As of April 30, 2025
Less Than 12 Months12 Months or GreaterTotal
Unrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesFair Value
U.S. treasury securities$— $2,468 $— $— $— $2,468 
U.S. government agencies securities(9)7,973 — — (9)7,973 
Commercial paper— 1,823 — — — 1,823 
Corporate debt securities(129)62,899 (2)9,847 (131)72,746 
Total$(138)$75,163 $(2)$9,847 $(140)$85,010 
As of July 31, 2025, the Company had 146 marketable securities in an unrealized loss position. As of April 30, 2025, the Company had 88 marketable securities that were in an unrealized loss position. The Company considers factors such as the duration, the magnitude and the reason for the decline in value, the potential recovery period, creditworthiness of the issuers of the securities and its intent to sell. For marketable securities, it also considers whether (i) it is more likely than not that the Company will be required to sell the debt securities before recovery of their amortized cost basis, and (ii) the amortized cost basis cannot be recovered as a result of credit losses. No significant facts or circumstances have arisen to indicate that there has been any significant deterioration in the creditworthiness of the issuers of the securities held by the Company. The decline in fair value below amortized cost basis was not considered other-than-temporary as it is more likely than not that the Company will hold the securities until maturity or a recovery of the cost basis, and no significant credit-related impairment losses were recorded as of July 31, 2025.