Stock-Based Compensation (Tables)

12 Months Ended

Apr. 30, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

A summary of the Company’s option activity during the periods indicated was as follows:

	Options Outstanding
	Number of Stock Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value
	(in thousands)				(in thousands)
Balance as of April 30, 2023	34,696	$	12.75	6.45	$	175,907
Options granted	829	30.11
Options exercised	(3,033)	33.84
Options cancelled	(1,164)	13.58
Balance as of April 30, 2024	31,328	$	13.97	5.68	$	268,167
Options granted	1,187	23.43
Options exercised	(3,425)	5.97
Options cancelled	(613)	23.13
Balance as of April 30, 2025	28,477	$	15.13	5.01	$	195,923
Vested and exercisable as of April 30, 2025	24,235	$	12.60	4.60	$	228,053
Vested and expected to vest as of April 30, 2025	28,477	$	15.13	5.01	$	195,923

Schedule of Valuation Assumptions

The weighted average assumptions underlying the fair value estimation are provided in the following table:

	Fiscal Year Ended April 30,
	2025		2024		2023
Valuation assumptions:
Expected dividend yield	—	%	—	%	—	%
Expected volatility	66.2	%	63.2	%	46.3	%
Expected term (years)	6.1		6.1		6.5
Risk-free interest rate	3.6	%	4.1	%	3.9	%

Schedule of Restricted Stock Unit Activity

A summary of the Company’s RSU activities and related information is as follows:

	RSUs Outstanding
	Number of RSUs	Weighted Average Grant Date Fair Value Per Share
	(in thousands)
Unvested Balance as of April 30, 2023	21,146	$	21.32
RSUs granted	8,422	33.40
RSUs vested	(6,248)	24.94
RSUs forfeited	(4,037)	26.85
Unvested Balance as of April 30, 2024	19,283	$	24.26
RSUs granted	14,731	28.43
RSUs vested	(6,478)	27.39
RSUs forfeited	(3,762)	27.33
Unvested Balance as of April 30, 2025	23,774	$	25.99

Schedule of Valuation Assumptions Under ESPP

The following assumptions were used to calculate the fair value of shares to be granted under the 2020 ESPP during the period:

	Fiscal Year Ended April 30,
	2025		2024		2023
Valuation assumptions:
Expected dividend yield	—	%	—	%	—	%
Expected volatility	56.2 - 79.8%		54.5 - 73.3%		47.8 - 61.4%
Expected term (years)	0.5 - 2.0		0.5 - 2.0		0.40 - 2.0
Risk-free interest rate	3.56 - 4.6%		4.7 - 5.5%		4.1 - 4.9%

Summary of Effects of Stock-Based Compensation

The following table summarizes the effects of stock-based compensation on the Company’s consolidated statements of operations (in thousands):

	Fiscal Year Ended April 30,
	2025		2024		2023
Cost of subscription	$	30,480	$	34,032	$	21,417
Cost of professional services	3,180		1,288		2,220
Sales and marketing	83,960		71,751		71,389
Research and development	71,629		72,036		90,217
General and administrative	41,739		36,654		31,299
Total stock-based compensation expense	$	230,988	$	215,761	$	216,542