Balance Sheet Details

6 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment, Net

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


	Useful Life	As of October 31,		As of April 30,
	(in months)	2023		2023
Leasehold improvements	*	$	71,476	$	66,522
Computer equipment	36	5,479		4,901
Office furniture and equipment	60	14,453		14,343
Capital in progress	NA	11,185		3,140
Property and equipment, gross		102,593		88,906
Less: accumulated depreciation and amortization		(9,942)		(4,328)
Property and equipment, net		$	92,651	$	84,578

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*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 leased space that has not yet been placed into service.

Depreciation and amortization expense related to property and equipment was $2.8 million and $0.7 million for the three months ended October 31, 2023 and 2022, respectively, and $5.6 million and $1.9 million for the six months ended October 31, 2023 and 2022, respectively.

Accrued Compensation and Employee Benefits

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


	As of October 31,		As of April 30,
	2023		2023
Accrued stock-settled bonus	$	25,594	$	32,414
Accrued bonus	315		186
Accrued vacation	4,494		4,602
Accrued payroll taxes and benefits	2,958		3,975
Accrued commissions	1,909		2,889
Accrued salaries	150		206
ESPP contributions	1,603		1,339
Other	625		902
Accrued compensation and employee benefits	$	37,648	$	46,513

Accrued and Other Current Liabilities

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


	As of October 31,		As of April 30,
	2023		2023
Liability for common stock exercised prior to vesting	$	497	$	799
Accrued general expenses	3,946		5,541
Operating lease liabilities, current	2,638		2,339
Accrued professional services	1,581		2,889
Commissions payable to a related party	—		2,448
Other	1,618		3,054
Accrued and other current liabilities	$	10,280	$	17,070