v3.26.1
Balance Sheet Components
 9 Months Ended
Apr. 30, 2026
Property, Plant and Equipment [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment
Property and equipment consisted of the following:
April 30, 2026July 31, 2025
(in thousands)
Hosting equipment (1)
$634,698 $571,312 
Capitalized internal-use software406,618 322,265 
Computers and equipment11,723 9,138 
Purchased software1,102 1,102 
Furniture and fixtures1,512 1,195 
Leasehold improvements14,988 10,141 
Total property and equipment, gross1,070,641 915,153 
Less: Accumulated depreciation and amortization(495,904)(371,776)
Total property and equipment, net$574,737 $543,377 
(1) Includes purchased equipment that had not been placed in service, totaling $105.4 million and $163.5 million as of April 30, 2026 and July 31, 2025, respectively.
We recognized depreciation and amortization expense on property and equipment of $37.5 million and $27.7 million for the three months ended April 30, 2026 and 2025, respectively, and $103.9 million and $72.8 million for the nine months ended April 30, 2026 and 2025, respectively. Additionally, we recognized stock-based compensation expense on the amortization of capitalized stock-based compensation associated with capitalized internal-use software of $8.1 million and $5.9 million for the three months ended April 30, 2026 and 2025, respectively, and $22.5 million and $15.1 million for the nine months ended April 30, 2026 and 2025, respectively.
Purchased Intangible Assets
Purchased intangible assets are amortized on a straight-line basis over an estimated useful life of 10 years. These assets are included within other noncurrent assets in the condensed consolidated balance sheets.
Purchased intangible assets consisted of the following:
April 30, 2026July 31, 2025
(in thousands)
Internet protocol addresses and source codes
$22,692 $20,264 
Less: Accumulated amortization
(6,335)(4,641)
Total purchased intangible assets, net$16,357 $15,623 
We recognized amortization expense on purchased intangible assets of $0.6 million and $0.5 million for the three months ended April 30, 2026 and 2025, respectively, and $1.7 million and $1.3 million for the nine months ended April 30, 2026 and 2025, respectively.
Accrued Compensation
Accrued compensation consisted of the following:
April 30, 2026July 31, 2025
(in thousands)
Accrued commissions
$47,624 $59,429 
Accrued bonuses
42,193 51,598 
Accrued payroll and related expenses
51,474 61,370 
Employee stock purchase plan
39,346 9,410 
Total accrued compensation
$180,637 $181,807