Goodwill and Acquired Intangible Assets

9 Months Ended

Apr. 30, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the carrying amount of goodwill for the nine months ended April 30, 2026 consisted of the following:


	Amount

	(in thousands)
Balance as of July 31, 2025	$	417,730
Goodwill acquired	676,704
Balance as of April 30, 2026	$	1,094,434

Acquired Intangible Assets

Acquired intangible assets consist of developed technology, customer relationships and trademarks acquired through our business acquisitions. Acquired intangible assets are amortized using the straight-line method over their estimated useful lives.

During three and nine months ended April 30, 2026, in connection with the acquisition of SquareX, SPLX and Red Canary, we acquired certain intangible assets, as further described in Note 6, Business Combinations.

Changes in acquired intangible assets for the nine months ended April 30, 2026 consisted of the following:


	Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount				Weighted Average Remaining Useful life
	July 31, 2025		Additions		April 30, 2026		July 31, 2025		Amortization Expense		April 30, 2026		July 31, 2025		April 30, 2026		April 30, 2026

	(in thousands)																(years)
Developed technology	$	99,964	$	74,200	$	174,164	$	(57,772)	$	(19,852)	$	(77,624)	$	42,192	$	96,540	3.8
Customer relationships	9,960		90,800		100,760		(4,829)		(9,923)		(14,752)		5,131		86,008		6.2
Trademarks	—		10,600		10,600		—		(1,413)		(1,413)		—		9,187		4.3
Total	$	109,924	$	175,600	$	285,524	$	(62,601)	$	(31,188)	$	(93,789)	$	47,323	$	191,735	4.9

Amortization expense of acquired intangible assets for the three and nine months ended April 30, 2026 was $11.4 million and $31.2 million, respectively, and for the three and nine months ended April 30, 2025 was $4.3 million and $12.7 million, respectively. Amortization expense of developed technology is included primarily within cost of revenue and amortization expense of customer relationships and trademarks is included primarily within sales and marketing expenses, in the condensed consolidated statements of operations.

Future amortization expense of acquired intangible assets as of April 30, 2026 consisted of the following:


	Amount

Fiscal Year ending July 31,	(in thousands)
2026 (remaining three months)	$	11,116
2027	43,106
2028	41,273
2029	37,375
2030	29,503
Thereafter	29,362
Total	$	191,735