v3.26.1
Debt (Tables)
 9 Months Ended
Apr. 30, 2026
2027 Convertible Senior Notes  
Debt Instrument [Line Items]  
Interest Expense Recognized

The following table sets forth the total interest expense recognized related to the 2027 Notes:

 

 

 

Three Months Ended
April 30,

 

 

Nine Months Ended
April 30,

 

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

 

(in thousands)

 

Contractual interest expense

 

$

313

 

 

$

313

 

 

$

1,008

 

 

$

938

 

Interest expense related to amortization of debt issuance
   costs

 

 

336

 

 

 

338

 

 

 

1,083

 

 

 

1,013

 

Total interest expense

 

$

649

 

 

$

651

 

 

$

2,091

 

 

$

1,951

 
Components of Notes

The 2027 Notes consisted of the following:

 

 

 

As of

 

 

 

July 31,
2025

 

 

April 30,
2026

 

 

 

(in thousands)

 

Principal amounts:

 

 

 

 

 

 

Principal

 

$

500,000

 

 

$

500,000

 

Unamortized debt issuance costs (1)

 

 

(2,941

)

 

 

(1,928

)

Net carrying amount

 

$

497,059

 

 

$

498,072

 

 

(1)
Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2027 Notes using the effective interest rate method. The effective interest rate is 0.52%.
2029 Convertible Senior Notes  
Debt Instrument [Line Items]  
Interest Expense Recognized

The following table sets forth the total interest expense recognized related to the 2029 Notes:

 

 

Three Months Ended
April 30,

 

 

Nine Months Ended
April 30,

 

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

 

(in thousands)

 

Contractual interest expense

 

$

1,078

 

 

$

1,089

 

 

$

1,617

 

 

$

3,245

 

Interest expense related to amortization of debt issuance
   costs

 

 

878

 

 

 

887

 

 

 

1,316

 

 

 

2,653

 

Total interest expense

 

$

1,956

 

 

$

1,976

 

 

$

2,933

 

 

$

5,898

 
Components of Notes

The 2029 Notes consisted of the following:

 

 

 

As of

 

 

 

July 31,
2025

 

 

April 30,
2026

 

 

 

(in thousands)

 

Principal amounts:

 

 

 

 

 

 

Principal

 

$

862,500

 

 

$

862,500

 

Unamortized debt issuance costs (1)

 

 

(15,741

)

 

 

(13,088

)

Net carrying amount

 

$

846,759

 

 

$

849,412

 

 

(1)
Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2029 Notes using the effective interest rate method. The effective interest rate is 0.93%.