Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Oct. 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 October 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	$	61,121	$	—	$	—	$	61,121	$	82,564	$	—	$	—	$	82,564
Commercial paper	8,115		—		—		8,115		18,769		—		—		18,769
U.S. treasury securities	999		—		—		999		5,888		—		—		5,888
Available-for-sale marketable securities:
U.S. treasury securities	13,328		14		(1)		13,341		2,497		—		—		2,497
Certificates of deposit	68,715		—		—		68,715		62,017		—		—		62,017
U.S. government agencies securities	65,694		121		(151)		65,664		46,527		5		(104)		46,428
Commercial paper	113,959		—		—		113,959		162,183		—		—		162,183
Corporate debt securities	346,881		826		(286)		347,421		310,557		64		(526)		310,095
Total cash equivalents and available-for-sale marketable securities	$	678,812	$	961	$	(438)	$	679,335	$	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 October 31, 2024				As of April 30, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	482,694	$	483,395	$	514,747	$	514,484
After one year through five years	125,883		125,705		69,034		68,736
Total	$	608,577	$	609,100	$	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 (in thousands):

	As of October 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. treasury securities	$	(1)	$	3,192	$	—	$	—	$	(1)	$	3,192
U.S. government agencies securities	(151)		18,790		—		—		(151)		18,790
Commercial paper	—		3,472		—		—		—		3,472
Corporate debt securities	(286)		47,329		—		2,000		(286)		49,329
Total	$	(438)	$	72,783	$	—	$	2,000	$	(438)	$	74,783

	As of April 30, 2024
	Less Than 12 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
U.S. treasury securities	$	—	$	2,497	$	—	$	—	$	—	$	2,497
U.S. government agencies securities	(99)		33,890		(6)		7,749		(105)		41,639
Commercial paper	—		4,058		—		—		—		4,058
Corporate debt securities	(491)		196,907		(34)		27,658		(525)		224,565
Total	$	(590)	$	237,352	$	(40)	$	35,407	$	(630)	$	272,759