Fair Value Measurements (Tables)

3 Months Ended

Jul. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liability Measured at Fair Value

The following tables present information about financial assets and liability that have been measured at fair value and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value as of July 31, 2025 and April 30, 2025 (in thousands):


													Balance at
	Level 1				Level 2				Level 3				July 31, 2025
Assets:
Cash equivalents	$	86,586			$	—			$	—			$	86,586
Marketable securities:
Corporate debt securities		—				56,660				—				56,660
U.S. government agency securities		—				10,501				—				10,501
Total financial assets	$	86,586			$	67,161			$	—			$	153,747
Liability:
Derivative liability	$	—			$	—			$	9,410			$	9,410


													Balance at
	Level 1				Level 2				Level 3				April 30, 2025
Assets:
Cash equivalents	$	98,644			$	—			$	—			$	98,644
Marketable securities:
Corporate debt securities		—				75,243				—				75,243
U.S. government agency securities		—				13,759				—				13,759
Total financial assets	$	98,644			$	89,002			$	—			$	187,646
Liability:
Derivative liability	$	—			$	—			$	6,440			$	6,440

Summary of Fair Values of Company's Marketable Securities By Type

The following tables summarize the fair values of the Company’s marketable securities by type as of July 31, 2025 and April 30, 2025 (in thousands):


	July 31, 2025
	Amortized				Unrealized				Unrealized				Estimated
	Cost				Gains				Losses				Fair Value
Corporate debt securities	$	55,984			$	678			$	(2	)		$	56,660
Obligations of the U.S. Government and its agencies		10,430				72				(1	)			10,501
Total	$	66,414			$	750			$	(3	)		$	67,161


	April 30, 2025
	Amortized				Unrealized				Unrealized				Fair
	Cost				Gains				Losses				Value
Corporate debt securities	$	74,150			$	1,093			$	-			$	75,243
Obligations of the U.S. Government and its agencies		13,594				165				—				13,759
Total investments	$	87,744			$	1,258			$	-			$	89,002

Summary of Scheduled Maturity for Marketable Securities

The following table summarizes the scheduled maturity for the Company’s marketable securities at July 31, 2025 (in thousands):


	July 31, 2025
Maturing in one year or less	$	35,107
Maturing after one year through two years		28,658
Maturing after two years through four years		3,396
Total	$	67,161