Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Jul. 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 July 31, 2024								As of April 30, 2024
	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	$	82,660	$	—	$	—	$	82,660	$	82,564	$	—	$	—	$	82,564
Commercial paper	14,340		—		—		14,340		18,769		—		—		18,769
U.S. treasury securities	2,745		—		—		2,745		5,888		—		—		5,888
Corporate debt securities	1,985		—		—		1,985		—		—		—		—
Available-for-sale marketable securities:
U.S. treasury securities	7,203		5		—		7,208		2,497		—		—		2,497
Certificates of deposit	80,332		—		—		80,332		62,017		—		—		62,017
U.S. government agencies securities	46,579		74		(27)		46,626		46,527		5		(104)		46,428
Commercial paper	136,382		—		—		136,382		162,183		—		—		162,183
Corporate debt securities	357,849		453		(135)		358,167		310,557		64		(526)		310,095
Total cash equivalents and available-for-sale marketable securities	$	730,075	$	532	$	(162)	$	730,445	$	691,002	$	69	$	(630)	$	690,441

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 July 31, 2024				As of April 30, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	534,132	$	534,185	$	514,747	$	514,484
After one year through five years	94,213		94,530		69,034		68,736
Total	$	628,345	$	628,715	$	583,781	$	583,220

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 July 31, 2024 (in thousands):

	As of July 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	$	(26)	$	13,983	$	—	$	—	$	(26)	$	13,983
Commercial paper	—		2,539		—		—		—		2,539
Corporate debt securities	(107)		96,012		(29)		40,027		(136)		136,039
Total	$	(133)	$	112,534	$	(29)	$	40,027	$	(162)	$	152,561

	As of July 31, 2023
	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	$	(110)	$	37,729	$	(8)	$	4,442	$	(118)	$	42,171
Commercial paper	—		10,254		—		—		—		10,254
Corporate debt securities	(527)		158,948		(156)		39,968		(683)		198,916
Total	$	(637)	$	206,931	$	(164)	$	44,410	$	(801)	$	251,341