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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:      
Net loss $ (288,702) $ (279,696) $ (268,839)
Adjustments to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 12,607 12,719 6,088
Non-cash operating lease cost 358 742 6,992
Stock-based compensation expense 230,988 215,761 216,542
Accretion of discounts on marketable securities (13,459) (17,214) (4,558)
Other 2,800 98 249
Changes in operating assets and liabilities      
Accounts receivable [1] (9,120) 4,522 (54,517)
Prepaid expenses, other current assets and other assets [2] 1,909 3,208 (576)
Accounts payable [3] 3,635 (12,883) (22,041)
Accrued compensation and employee benefits 8,705 (6,218) 3,193
Operating lease liabilities 450 17,332 13,641
Other liabilities [4] 10,823 8,155 (10,573)
Deferred revenue [5] (2,401) (8,888) (1,292)
Net cash used in operating activities (41,407) (62,362) (115,691)
Cash flows from investing activities:      
Purchases of property and equipment (3,039) (25,256) (70,518)
Capitalized software development costs 0 (2,750) (1,000)
Purchases of investments (647,015) (827,901) (745,249)
Maturities and sales of investments 666,450 789,292 876,713
Net cash provided by (used in) investing activities 16,396 (66,615) 59,946
Cash flows from financing activities:      
Taxes paid related to net share settlement of equity awards (9,079) (13,220) (6,940)
Proceeds from issuance of Class A common stock under employee stock purchase plan 10,879 10,763 3,093
Proceeds from exercise of Class A common stock options 20,423 13,751 4,468
Net cash provided by financing activities 22,223 11,294 621
Net decrease in cash, cash equivalents and restricted cash (2,788) (117,683) (55,124)
Cash, cash equivalents and restricted cash at beginning of period 179,712 297,395 352,519
Cash and cash equivalents 164,358 167,146 284,829
Restricted cash included in other assets, non-current 12,566 12,566 12,566
Cash, cash equivalents and restricted cash at end of period 176,924 179,712 297,395
Cash and cash equivalents 164,358 167,146 284,829
Restricted cash included in other assets, non-current 12,566 12,566 12,566
Total cash, cash equivalents and restricted cash 176,924 179,712 297,395
Cash and cash equivalents 164,358 167,146 284,829
Restricted cash included in other assets, non-current 12,566 12,566 12,566
Supplemental disclosure of cash flow information - cash paid for income taxes 920 975 578
Supplemental disclosures of non-cash investing and financing activities:      
Purchases of property and equipment included in accounts payable and accrued liabilities 311 474 13,814
Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) 1,016 1,833 (5,589)
Right-of-use assets obtained in exchange for lease obligations arising from lease modifications 0 0 3,093
Unpaid liabilities related to intangible purchases 0 0 1,500
Receivable from exercise of stock options included in prepaid expenses, other current assets and other assets 0 3 61
Vesting of early exercised stock options $ 195 $ 507 $ 1,006
[1] Including changes in related party balances of $12,444 and $38,772 for the fiscal years ended April 30, 2024 and 2023, respectively.
[2] Including changes in related party balances of $(810) and $(4,741) for the fiscal years ended April 30, 2024 and 2023, respectively.
[3] Including changes in related party balances of $248 and $(16,349) for the fiscal years ended April 30, 2024 and 2023, respectively.
[4] Including changes in related party balances of $(2,448) and $(2,510) for the fiscal years ended April 30, 2024 and 2023, respectively.
[5] Including changes in related party balances of $(46) and $117 for the fiscal years ended April 30, 2024 and 2023, respectively.