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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Oct. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy
The following tables present the Company's financial assets and liability measured at fair value on a recurring basis as of October 31, 2024 and July 31, 2024, classified by fair value hierarchy:
Fair Value Measurements at Reporting Date Using
October 31, 2024Level 1Level 2Level 3
(In thousands)
Assets:
Money market funds$215,990 $215,990 $— $— 
Convertible loan note investment— — — — 
Investments in equity securities48,693 48,693 — — 

Fair Value Measurements at Reporting Date Using
July 31, 2024Level 1Level 2Level 3
(In thousands)
Assets:
Money market funds$235,221 $235,221 $— $— 
Convertible loan note investment— — — — 
Investments in equity securities41,376 41,376 — — 
Liabilities:
SPHG Note$12,903 $— $— $12,903 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Following is a summary of changes in financial assets and liabilities measured using Level 3 inputs:
(In thousands)SPHG NoteConvertible Loan Note Investment
Balance as of July 31, 2024$12,903 $— 
Purchases— — 
Change in fair value(a)
— — 
Paydown of SPHG Note at maturity(12,903)— 
Balance as of October 31, 2024$— $— 
Balance as of July 31, 2023$12,461 $— 
Purchases— 1,227 
Change in fair value(a)
(134)— 
Balance as of October 31, 2023$12,327 $1,227 
(a) Unrealized gains and losses as a result of changes in fair value are recorded in Other (losses) gains, net within the condensed consolidated statements of operations.