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REVISION TO PRIOR PERIOD FINANCIAL STATEMENT (Tables)
6 Months Ended
Jan. 31, 2023
Prior Period Adjustment [Abstract]  
Schedule Of Condensed Financial Statements

 

 

As of July 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

 

(in thousands)

 

Condensed Consolidated Balance Sheet:

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities

 

$

49,232

 

 

$

10,336

 

 

$

59,568

 

Total current liabilities

 

$

1,150,224

 

 

$

10,336

 

 

$

1,160,560

 

Total liabilities

 

$

3,155,917

 

 

$

10,336

 

 

$

3,166,253

 

Accumulated deficit

 

$

(4,368,026

)

 

$

(10,336

)

 

$

(4,378,362

)

Total stockholders’ deficit

 

$

(790,168

)

 

$

(10,336

)

 

$

(800,504

)

 

Schedule of Condensed Consolidated Statement of Operations

 

 

Three Months Ended January 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

(in thousands)

 

Condensed Consolidated Statement of Operations:

 

 

 

 

 

 

 

 

 

Sales and marketing

 

$

241,633

 

 

$

93

 

 

$

241,726

 

Research and development

 

$

141,608

 

 

$

262

 

 

$

141,870

 

Total operating expenses

 

$

427,532

 

 

$

355

 

 

$

427,887

 

Loss from operations

 

$

(94,420

)

 

$

(355

)

 

$

(94,775

)

Loss before provision for income taxes

 

$

(109,752

)

 

$

(355

)

 

$

(110,107

)

Net loss

 

$

(115,061

)

 

$

(355

)

 

$

(115,416

)

Net loss per share attributable to Class A and Class
   B common stockholders—basic and diluted

 

$

(0.53

)

 

$

(0.00

)

 

$

(0.53

)

 

 

Six Months Ended January 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

(in thousands)

 

Condensed Consolidated Statement of Operations:

 

 

 

 

 

 

 

 

 

Sales and marketing

 

$

491,666

 

 

$

186

 

 

$

491,852

 

Research and development

 

$

285,874

 

 

$

523

 

 

$

286,397

 

Total operating expenses

 

$

861,859

 

 

$

709

 

 

$

862,568

 

Loss from operations

 

$

(231,676

)

 

$

(709

)

 

$

(232,385

)

Loss before provision for income taxes

 

$

(525,557

)

 

$

(709

)

 

$

(526,266

)

Net loss

 

$

(534,913

)

 

$

(709

)

 

$

(535,622

)

Net loss per share attributable to Class A and Class
   B common stockholders—basic and diluted

 

$

(2.46

)

 

$

(0.01

)

 

$

(2.47

)

 

 

Three Months Ended January 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

 

(in thousands)

 

Condensed Consolidated Statement of Comprehensive Loss:

 

 

 

 

 

 

 

 

Net loss

 

$

(115,061

)

 

$

(355

)

 

$

(115,416

)

Comprehensive loss

 

$

(116,837

)

 

$

(355

)

 

$

(117,192

)

 

 

Six Months Ended January 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

(in thousands)

 

Condensed Consolidated Statement of Comprehensive Loss:

 

 

 

 

 

 

 

 

Net loss

 

$

(534,913

)

 

$

(709

)

 

$

(535,622

)

Comprehensive loss

 

$

(537,340

)

 

$

(709

)

 

$

(538,049

)

Schedule of Condensed Consolidated Statement of Comprehensive Loss

Schedule Of Condensed Consolidated Statement of Cash Flows

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

 

(in thousands)

 

Condensed Consolidated Statement of Stockholders' Deficit:

 

 

 

 

 

 

 

 

 

Accumulated Deficit as of:

 

 

 

 

 

 

 

 

 

July 31, 2021

 

$

(3,627,355

)

 

$

(8,928

)

 

$

(3,636,283

)

October 31, 2021

 

$

(3,990,340

)

 

$

(9,282

)

 

$

(3,999,622

)

January 31, 2022

 

$

(4,105,401

)

 

$

(9,637

)

 

$

(4,115,038

)

July 31, 2022

 

$

(4,368,026

)

 

$

(10,336

)

 

$

(4,378,362

)

October 31, 2022

 

$

(4,467,142

)

 

$

(10,734

)

 

$

(4,477,876

)

 

 

 

 

 

 

 

 

 

Total Stockholders' Deficit as of:

 

 

 

 

 

 

 

 

 

July 31, 2021

 

$

(1,012,041

)

 

$

(8,928

)

 

$

(1,020,969

)

October 31, 2021

 

$

(698,739

)

 

$

(9,282

)

 

$

(708,021

)

January 31, 2022

 

$

(725,617

)

 

$

(9,637

)

 

$

(735,254

)

July 31, 2022

 

$

(790,168

)

 

$

(10,336

)

 

$

(800,504

)

October 31, 2022

 

$

(791,049

)

 

$

(10,734

)

 

$

(801,783

)

 

 

 

 

 

 

 

 

 

Net Loss for the Three Months Ended:

 

 

 

 

 

 

 

 

 

October 31, 2021

 

$

(419,852

)

 

$

(354

)

 

$

(420,206

)

January 31, 2022

 

$

(115,061

)

 

$

(355

)

 

$

(115,416

)

October 31, 2022

 

$

(99,116

)

 

$

(398

)

 

$

(99,514

)

Schedule Of Condensed Consolidated Stockholder's Deficit

 

 

Six Months Ended January 31, 2022

 

 

 

As Previously Reported

 

 

Adjustments

 

 

As Corrected

 

 

 

(in thousands)

 

Condensed Consolidated Statement of Cash Flows:

 

 

 

 

 

 

 

 

Net loss

 

$

(534,913

)

 

$

(709

)

 

$

(535,622

)

Accrued expenses and other liabilities

 

$

(3,371

)

 

$

709

 

 

$

(2,662

)