Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Jan. 31, 2024

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 January 31, 2024								As of April 30, 2023
	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	$	78,747	$	—	$	—	$	78,747	$	75,293	$	—	$	—	$	75,293
Certificates of deposit	3,500		—		—		3,500		2,000		—		—		2,000
Commercial paper	8,925		—		—		8,925		112,851		—		—		112,851
Corporate debt securities	1,893		—		—		1,893		—		—		—		—
Available-for-sale marketable securities:
U.S. treasury securities	7,454		1		—		7,455		27,445		1		(49)		27,397
Certificates of deposit	65,514		—		—		65,514		61,025		—		—		61,025
U.S. government agencies securities	57,629		147		(13)		57,763		75,650		111		(87)		75,674
Commercial paper	161,222		—		—		161,222		184,230		—		—		184,230
Corporate debt securities	316,512		450		(155)		316,807		179,608		115		(476)		179,247
Total cash equivalents and available-for-sale marketable securities	$	701,396	$	598	$	(168)	$	701,826	$	718,102	$	227	$	(612)	$	717,717

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 January 31, 2024				As of April 30, 2023
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	518,581	$	518,683	$	446,629	$	446,155
After one year through five years	89,750		90,078		81,329		81,418
Total	$	608,331	$	608,761	$	527,958	$	527,573

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, as of January 31, 2024 (in thousands):

	As of January 31, 2024
	Less Than 12 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
U.S. government agencies securities	$	(9)	$	17,968	$	(4)	$	2,362	$	(13)	$	20,330
Commercial paper	—		5,953		—		—		—		5,953
Corporate debt securities	(133)		120,053		(22)		10,710		(155)		130,763
Total	$	(142)	$	143,974	$	(26)	$	13,072	$	(168)	$	157,046