Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Jul. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-For-Sale Debt Securities and Balance Sheet Classification

The following table summarizes the Company’s cash equivalents and available-for-sale marketable securities (in thousands):

	As of July 31, 2025								As of April 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	50,155	$	—	$	—	$	50,155	$	87,872	$	—	$	—	$	87,872
Commercial paper	7,854		—		—		7,854		29,122		—		—		29,122
Corporate debt securities	—		—		—		—		1,015		—		—		1,015
Available-for-sale marketable securities:
U.S. treasury securities	29,789		—		(13)		29,776		15,478		4		—		15,482
Certificates of deposit	85,981		—		—		85,981		76,518		—		—		76,518
U.S. government agencies securities	62,117		24		(103)		62,038		56,990		157		(9)		57,138
Commercial paper	135,971		—		—		135,971		113,787		—		—		113,787
Corporate debt securities	317,171		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

Summary of Available-For-Sale Debt Securities by Contractual Maturity

The following table summarizes the Company’s available-for-sale marketable securities by contractual maturity (in thousands):

	As of July 31, 2025				As of April 30, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	481,267	$	481,387	$	455,613	$	455,956
After one year through five years	149,762		149,570		122,194		122,374
Total	$	631,029	$	630,957	$	577,807	$	578,330

Summary of Available-For-Sale Marketable Securities, Fair Values and Unrealized Losses

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 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair 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 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair 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