Income Taxes (Tables)

12 Months Ended

Apr. 30, 2023

Income Tax Disclosure [Abstract]

Summary of Unrecognized Gross Tax Benefits

The activity within the Company’s unrecognized tax benefits is summarized as follows (in thousands):

	As of April 30,
	2023		2022		2021
Balance as of beginning of year	$	16,622	$	13,656	$	9,706
Increase (decrease) related to tax positions taken in prior periods	(1,050)		(1,029)		432
Increase related to tax positions taken in the current period	2,585		3,995		3,518
Balance as of end of year	$	18,157	$	16,622	$	13,656

Summary of Components of Deferred Tax Assets

Significant components of the Company’s deferred tax assets and liabilities are summarized as follows (in thousands):

	As of April 30,
	2023		2022
Deferred tax assets:
Accrued compensation	$	3,799	$	2,883
Net operating loss carryforward	533,051		458,733
Deferred revenue	7,690		8,780
Stock-based compensation	13,950		12,063
Tax credits	28,048		28,467
Disallowed interest expense	10,546		4,723
Lease liabilities	4,320		5,139
Other	5,045		4,516
Gross deferred tax assets	606,449		525,304
Less valuation allowance	(575,557)		(498,996)
Total deferred tax assets	30,892		26,308
Deferred tax liabilities:
Deferred contract acquisition costs	(27,988)		(17,244)
Intangible assets	(1,740)		(6,752)
Right of use assets	(2,862)		(4,673)
Gross deferred tax liabilities	(32,590)		(28,669)
Net deferred tax liabilities	$	(1,698)	$	(2,361)

Summary of Provision for (Benefit from) Income Taxes

The components of the provision for income taxes were as follows (in thousands):

	Year Ended April 30,
	2023		2022		2021
Current:
Dutch	$	2,910	$	2,187	$	1,125
Foreign	17,042		6,892		3,896
Total current tax expense	19,952		9,079		5,021
Deferred:
Dutch	(71)		(105)		—
Foreign	(597)		(2,915)		2,699
Total deferred tax expense (income)	(668)		(3,020)		2,699
Total provision for income taxes	$	19,284	$	6,059	$	7,720

Summary of Geographical Breakdown of Income (Loss) Before Provision for Income Taxes

The geographical breakdown of income (loss) before provision for income taxes is summarized as follows (in thousands):

	Year Ended April 30,
	2023		2022		2021
Dutch	$	(283,010)	$	(261,097)	$	(163,770)
Foreign	66,133		63,308		42,056
Loss before income taxes	$	(216,877)	$	(197,789)	$	(121,714)

Summary of Reconciliation of Income Taxes Statutory Income Tax Rate to Provision for Income Taxes

A reconciliation of income taxes at the statutory income tax rate to the provision for income taxes included in the consolidated statement of operations is as follows (in thousands, except for rates):

	Year Ended April 30,
	2023				2022				2021
	Tax		Rate		Tax		Rate		Tax		Rate
Dutch statutory income tax	$	(55,954)	25.8	%	$	(49,448)	25.0	%	$	(30,428)	25.0	%
Foreign income taxed at different rates	(1,305)		0.6	%	(2,197)		1.1	%	(486)		0.4	%
Stock-based compensation	5,018		(2.3)	%	(31,372)		15.9	%	(100,931)		82.9	%
Tax credits	(7,349)		3.4	%	(10,834)		5.5	%	(11,020)		9.0	%
Change in valuation allowance	69,271		(31.9)	%	91,841		(46.4)	%	146,571		(120.4)	%
Deferred tax asset revaluation	6		—	%	(302)		0.2	%	(256)		0.2	%
Foreign withholding taxes	3,201		(1.5)	%	1,773		(0.9)	%	1,307		(1.1)	%
Other	6,396		(3.0)	%	6,598		(3.5)	%	2,963		(2.3)	%
Provision for income taxes	$	19,284	(8.9)	%	$	6,059	(3.1)	%	$	7,720	(6.3)	%