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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2021
Cash flows from operating activities:      
Net loss $ (268,839) $ (192,065) $ (55,696)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 6,088 5,190 4,297
Non-cash operating lease cost 6,992 4,185 3,315
Stock-based compensation expense 216,542 113,441 21,740
Other (4,309) 1,601 (180)
Changes in operating assets and liabilities      
Accounts receivable [1] (54,517) (14,156) (34,690)
Prepaid expenses, other current assets and other assets [2] (576) (14,578) (14,855)
Accounts payable [3] (22,041) 34,481 7,450
Accrued compensation and employee benefits 3,193 10,394 8,135
Operating lease liabilities 13,641 (3,266) (3,551)
Other liabilities [4] (10,573) (5,604) 11,549
Deferred revenue [5] (1,292) (26,085) 14,933
Net cash used in operating activities (115,691) (86,462) (37,553)
Cash flows from investing activities:      
Purchases of property and equipment (70,518) (3,791) (1,628)
Capitalized software development costs (1,000) (500) 0
Proceeds from sale of non-marketable equity security 0 0 725
Purchases of investments (745,249) (796,487) (1,152,142)
Maturities and sales of investments 876,713 1,117,793 385,893
Net cash provided by (used in) investing activities 59,946 317,015 (767,152)
Cash flows from financing activities:      
Proceeds from initial public offering and private placements, net of underwriting discounts 0 0 851,859
Proceeds from repayment of shareholder loan 0 0 26,003
Taxes paid related to net share settlement of equity awards (6,940) 0 0
Repurchase and retirement of Class A Common stock 0 (15,000) 0
Payment of deferred offering costs 0 (105) (7,179)
Proceeds from issuance of Class A common stock under employee stock purchase plan 3,093 0 0
Proceeds from exercise of Class A common stock options 4,468 20,816 16,673
Net cash provided by financing activities 621 5,711 887,356
Net (decrease) increase in cash, cash equivalents and restricted cash (55,124) 236,264 82,651
Cash, cash equivalents and restricted cash at beginning of period 352,519 116,255 33,604
Cash and cash equivalents 284,829 339,528 115,355
Restricted cash included in prepaid expenses and other current assets 0 425 0
Restricted cash included in other assets, non-current 12,566 12,566 900
Cash, cash equivalents and restricted cash at end of period 297,395 352,519 116,255
Total cash, cash equivalents and restricted cash 297,395 352,519 116,255
Supplemental disclosure of cash flow information—cash paid for income taxes 578 939 550
Supplemental disclosures of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable and accrued liabilities 13,814 9,261 212
Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) (5,589) 26,529 0
Right-of-use assets obtained in exchange for lease obligations arising from lease modifications 3,093 1,572 0
Unpaid liabilities related to intangible purchases 1,500 2,500 0
Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets 61 29 0
Deferred offering costs included in accounts payable and accrued liabilities 0 0 105
Vesting of early exercised stock options $ 1,006 $ 2,746 $ 2,869
[1] Including changes in related party balances of $38,772, $20,668, and $(14,930) for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.
[2] Including changes in related party balances of $(4,741), $12,739 and $8,264 for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.
[3] Including changes in related party balances of $(16,349), $18,493 and $56 for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.
[4] Including changes in related party balances of $(2,510), $(3,350) and $8,308 for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.
[5] Including changes in related party balances of $117, $(7,565), and $6,198 for the fiscal years ended April 30, 2023, 2022 and 2021, respectively.