Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Jan. 31, 2025

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, 2025								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	$	77,902	$	—	$	—	$	77,902	$	82,564	$	—	$	—	$	82,564
Commercial paper	6,971		—		—		6,971		18,769		—		—		18,769
U.S. treasury securities	—		—		—		—		5,888		—		—		5,888
Certificates of deposit	3,960		—		—		3,960		—		—		—		—
Available-for-sale marketable securities:
U.S. treasury securities	14,382		13		—		14,395		2,497		—		—		2,497
Certificates of deposit	84,645		—		—		84,645		62,017		—		—		62,017
U.S. government agencies securities	60,536		76		(155)		60,457		46,527		5		(104)		46,428
Commercial paper	108,045		—		—		108,045		162,183		—		—		162,183
Corporate debt securities	331,331		679		(319)		331,691		310,557		64		(526)		310,095
Total cash equivalents and available-for-sale marketable securities	$	687,772	$	768	$	(474)	$	688,066	$	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 January 31, 2025				As of April 30, 2024
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	494,233	$	494,937	$	514,747	$	514,484
After one year through five years	104,706		104,296		69,034		68,736
Total	$	598,939	$	599,233	$	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 January 31, 2025
	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	$	(155)	$	18,817	$	—	$	—	$	(155)	$	18,817
Commercial paper	—		3,517		—		—		—		3,517
Corporate debt securities	(319)		37,727		—		—		(319)		37,727
Total	$	(474)	$	60,061	$	—	$	—	$	(474)	$	60,061

	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