Balance Sheet Details

12 Months Ended

Apr. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment, Net

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


	Useful Life	As of April 30,
	(in months)	2023		2022
Leasehold improvements	*	$	66,522	$	8,878
Computer equipment	36	4,901		3,321
Office furniture and equipment	60	14,343		348
Capital in progress	NA	3,140		11,261
Total property and equipment		88,906		23,808
Less accumulated depreciation		(4,328)		(9,291)
Property and equipment, net		$	84,578	$	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 additional leased space that has not yet been placed into service.

Depreciation and amortization expense related to property and equipment was $5.0 million, $4.4 million, and $4.0 million for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.

Accrued Compensation and Employee Benefits

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


	As of April 30,
	2023		2022
Accrued stock-settled bonus	$	32,414	$	—
Accrued bonus	186		16,078
Accrued vacation	4,602		3,814
Accrued payroll taxes and benefits	3,975		3,593
Accrued commission	2,889		1,440
Accrued salaries	206		7,298
ESPP contributions	1,339		—
Other	902		—
Accrued compensation and employee benefits	$	46,513	$	32,223

Accrued and Other Current Liabilities

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


	As of April 30,
	2023		2022
Liability for common stock exercised prior to vesting	$	799	$	1,970
Commissions payable to a related party	2,448		2,510
Accrued general expenses	5,541		3,083
Accrued professional services	2,889		1,889
Operating lease liabilities, current	2,339		3,613
Other	3,054		1,809
Accrued and other current liabilities	$	17,070	$	14,874

Refer to Note 6. Leases for more information regarding the Company’s leases.