Balance Sheet Details

9 Months Ended

Jan. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment, Net

Property and equipment consisted of the following at January 31, 2023 and April 30, 2022 (in thousands):


	Useful Life	As of January 31,		As of April 30,
	(in months)	2023		2022
Leasehold improvements	*	$	8,878	$	8,878
Computer equipment	36	4,544		3,321
Office furniture and equipment	60	426		348
Capital in progress	NA	73,077		11,261
Property and equipment, gross		86,925		23,808
Less: accumulated depreciation and amortization		(11,728)		(9,291)
Property and equipment, net		$	75,197	$	14,517

__________________

*Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term.

NA = Not Applicable

Capital in progress primarily consisted of costs related to various leasehold improvements in connection with the new leased space that have not yet been placed into service.

Depreciation and amortization expense related to property and equipment was $0.5 million and $1.1 million for the three months ended January 31, 2023 and 2022, respectively, and $2.4 million and $3.3 million for the nine months ended January 31, 2023 and 2022, respectively.

Accrued Compensation and Employee Benefits

Accrued compensation and employee benefits consisted of the following at January 31, 2023 and April 30, 2022 (in thousands):


	As of January 31,		As of April 30,
	2023		2022
Accrued stock-settled bonus	$	26,754	$	—
Accrued bonus	688		16,078
Accrued vacation	4,156		3,814
Accrued payroll taxes and benefits	3,701		3,593
Accrued commission	1,349		1,440
Accrued salaries	330		7,298
ESPP contributions	2,187		—
Other	357		—
Accrued compensation and employee benefits	$	39,522	$	32,223

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following at January 31, 2023 and April 30, 2022 (in thousands):


	As of January 31,		As of April 30,
	2023		2022
Liability for common stock exercised prior to vesting	$	1,072	$	1,970
Accrued general expenses	11,687		4,972
Operating lease liabilities, current	5,018		3,613
Commissions payable to a related party	2,448		2,510
Other	4,978		1,809
Accrued and other current liabilities	$	25,203	$	14,874