Fair Value Measurements

3 Months Ended

Oct. 31, 2025

Fair Value Measurements [Abstract]

Fair Value Measurements

Note 3—Fair Value Measurements

The fair value measurement of cash equivalents invested money market funds is based on quoted market prices in active markets (Level 1). The fair value measurement of foreign exchange forward contracts is based on observable market-based inputs principally derived from or corroborated by observable market data (Level 2).

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis (in thousands):

	October 31, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	11,025	$	11,025	$	-	$	-
Foreign exchange forward contracts		-		-		-		-
Total	$	11,025	$	11,025	$	-	$	-

	July 31, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	13,907	$	13,907	$	-	$	-
Foreign exchange forward contracts		18		-		18		-
Total	$	13,925	$	13,907	$	18	$	-

Fair Value of Other Financial Instruments

The Company’s other financial instruments at October 31, 2025 and July 31, 2025 included prepaid expenses and other current assets, and trade accounts payable and accrued expenses and other liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date.