Leases (Tables)
|
9 Months Ended |
Apr. 30, 2026 |
|---|
| Leases [Abstract] |
|
| Assets and Liabilities, Lessee |
Supplemental balance sheet information related to our leases is as follows:
|
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As of |
|
|
|
July 31,
2025 |
|
|
April 30,
2026 |
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|
|
(in thousands) |
|
Operating leases: |
|
|
|
|
|
|
Operating lease right-of-use assets, gross |
|
$ |
217,060 |
|
|
$ |
267,926 |
|
Accumulated amortization |
|
|
(82,534 |
) |
|
|
(92,665 |
) |
Operating lease right-of-use assets, net |
|
$ |
134,526 |
|
|
$ |
175,261 |
|
Operating lease liabilities—current |
|
$ |
23,234 |
|
|
$ |
37,346 |
|
Operating lease liabilities—non-current |
|
|
115,754 |
|
|
|
144,063 |
|
Total operating lease liabilities |
|
$ |
138,988 |
|
|
$ |
181,409 |
|
Weighted average remaining lease term (in years): |
|
|
4.5 |
|
|
|
4.7 |
|
Weighted average discount rate: |
|
|
6.3 |
% |
|
|
6.3 |
% |
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|
|
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|
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|
|
|
|
As of |
|
|
|
July 31,
2025 |
|
|
April 30,
2026 |
|
|
|
(in thousands) |
|
Finance leases: |
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|
|
|
|
|
Finance lease right-of-use assets, gross (1) |
|
$ |
18,288 |
|
|
$ |
13,054 |
|
Accumulated amortization (1) |
|
|
(12,805 |
) |
|
|
(10,029 |
) |
Finance lease right-of-use assets, net (1) |
|
$ |
5,483 |
|
|
$ |
3,025 |
|
Finance lease liabilities—current (2) |
|
$ |
3,301 |
|
|
$ |
2,056 |
|
Finance lease liabilities—non-current (3) |
|
|
2,734 |
|
|
|
1,339 |
|
Total finance lease liabilities |
|
$ |
6,035 |
|
|
$ |
3,395 |
|
Weighted average remaining lease term (in years): |
|
|
2.0 |
|
|
|
1.7 |
|
Weighted average discount rate: |
|
|
7.1 |
% |
|
|
7.4 |
% |
(1)Included in the condensed consolidated balance sheets within property and equipment, net. (2)Included in the condensed consolidated balance sheets within accrued expenses and other current liabilities. (3)Included in the condensed consolidated balance sheets within other liabilities—non-current.
|
| Supplemental Cash Flow and Other Information Related to Leases |
Supplemental cash flow and other information related to our leases is as follows:
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Three Months Ended
April 30, |
|
|
Nine Months Ended
April 30, |
|
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
|
(in thousands) |
|
Cash paid for amounts included in the measurement of
lease liabilities: |
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|
|
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
8,097 |
|
|
$ |
11,526 |
|
|
$ |
27,740 |
|
|
$ |
29,194 |
|
Operating cash flows from finance leases |
|
$ |
147 |
|
|
$ |
71 |
|
|
$ |
492 |
|
|
$ |
257 |
|
Financing cash flows from finance leases |
|
$ |
998 |
|
|
$ |
800 |
|
|
$ |
2,943 |
|
|
$ |
2,638 |
|
Lease liabilities arising from obtaining right-of-use assets: |
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|
|
|
|
|
|
|
|
|
|
|
Operating leases |
|
$ |
37,542 |
|
|
$ |
(6,185 |
) |
|
$ |
54,435 |
|
|
$ |
66,232 |
|
|
| Lessee Operating and Finance Lease, Liability, Maturity |
The undiscounted cash flows for our lease liabilities as of April 30, 2026 were as follows:
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Fiscal Year Ending July 31: |
|
Operating
Leases |
|
|
Finance
Leases |
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|
Total |
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|
|
(in thousands) |
|
2026 (remaining three months) |
|
$ |
9,767 |
|
|
$ |
720 |
|
|
$ |
10,487 |
|
2027 |
|
|
49,350 |
|
|
|
1,908 |
|
|
|
51,258 |
|
2028 |
|
|
46,533 |
|
|
|
961 |
|
|
|
47,494 |
|
2029 |
|
|
44,255 |
|
|
|
42 |
|
|
|
44,297 |
|
2030 |
|
|
34,031 |
|
|
|
— |
|
|
|
34,031 |
|
Thereafter |
|
|
27,255 |
|
|
|
— |
|
|
|
27,255 |
|
Total lease payments |
|
|
211,191 |
|
|
|
3,631 |
|
|
|
214,822 |
|
Less: imputed interest |
|
|
(29,782 |
) |
|
|
(236 |
) |
|
|
(30,018 |
) |
Total lease obligation |
|
|
181,409 |
|
|
|
3,395 |
|
|
|
184,804 |
|
Less: current lease obligations |
|
|
(37,346 |
) |
|
|
(2,056 |
) |
|
|
(39,402 |
) |
Long-term lease obligations |
|
$ |
144,063 |
|
|
$ |
1,339 |
|
|
$ |
145,402 |
|
|