v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Cash flows from operating activities    
Net loss $ (60,096) $ (40,443)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 252 224
Stock-based compensation expense 5,379 3,040
Realized gain from sale of marketable securities (587) (317)
Non-cash operating lease expense (benefit) 218 (5)
Amortization of premium on marketable securities (7) 5
Foreign currency exchange loss (gain) 485 (414)
Non-cash interest expense and amortization of issuance costs 3,453  
Fair value adjustment to derivative liability 1,100  
Changes in operating assets and liabilities:    
Research and development tax credit receivable 826 (1,253)
Accounts receivable, net (1,926)  
Prepaid expenses and other assets 1,597 (783)
Accounts payable 2,510 1,502
Accrued expenses (8,199) (1,776)
Deferred revenue 493  
Net cash used in operating activities (54,502) (40,220)
Cash flows from investing activities    
Purchases of marketable securities (19,979) (983)
Sales and maturities of marketable securities 41,677 38,230
Acquisition of property and equipment (290) (21)
Capitalized website development costs (147) (64)
Net cash provided by investing activities 21,261 37,162
Cash flows from financing activities    
Proceeds from the Royalty Agreement 21,921  
Issuance of common stock from equity incentive plans 595 3,000
Issuance of common stock from employee stock purchase plan 694  
Net cash provided by financing activities 23,210 3,000
Effect of exchange rate changes on cash and cash equivalents 2,723 117
Net (decrease) increase in cash, cash equivalents and restricted cash (7,308) 59
Cash, cash equivalents and restricted cash at beginning of period 132,272 31,789
Cash, cash equivalents and restricted cash at end of period 124,964 31,848
Supplemental disclosures of non-cash activities:    
Right of use assets obtained in exchange for operating lease liabilities 725  
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 124,304 31,848
Restricted cash, long-term 660  
Total cash, cash equivalents and restricted cash $ 124,964 $ 31,848