v3.26.1
Equity Incentive Plans (Tables)
 9 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of RSUs Activity

Below is a summary of RSU activity and PRSU and MSU (collectively, "PSU") activity under the Stock Plans:

 

 

 

RSUs

 

 

PSUs

 

 

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value per Share

 

 

Number of
Shares

 

 

Weighted Average
Grant Date Fair Value per Share

 

 

 

(in thousands)

 

 

 

 

 

(in thousands)

 

 

 

 

Outstanding at July 31, 2025

 

 

14,431

 

 

$

38.46

 

 

 

1,813

 

 

$

62.63

 

Granted (1)

 

 

4,810

 

 

$

67.83

 

 

 

694

 

 

$

99.27

 

Released (1)

 

 

(6,066

)

 

$

34.96

 

 

 

(931

)

 

$

44.75

 

Forfeited

 

 

(950

)

 

$

43.13

 

 

 

(15

)

 

$

102.13

 

Outstanding at April 30, 2026

 

 

12,225

 

 

$

51.39

 

 

 

1,561

 

 

$

89.20

 

 

(1)
For PSUs, includes additional shares granted upon vesting due to achievement over 100%.
Schedule of ESPP Valuation Assumptions

We use the Black-Scholes option pricing model to determine the fair value of shares purchased under the 2016 ESPP with the following weighted average assumptions on the date of grant:

 

 

 

Nine Months Ended April 30,

 

 

 

2025

 

 

2026

 

Expected term (in years)

 

 

0.72

 

 

 

0.81

 

Risk-free interest rate

 

 

4.9

%

 

 

3.9

%

Volatility

 

 

46.2

%

 

 

47.9

%

Dividend yield

 

 

—

%

 

 

—

%
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total stock-based compensation expense recognized in the condensed consolidated statements of operations is as follows:

 

 

 

Three Months Ended
April 30,

 

 

Nine Months Ended
April 30,

 

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

 

(in thousands)

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Product

 

$

401

 

 

$

364

 

 

$

2,425

 

 

$

1,150

 

Support, maintenance and other services

 

 

6,623

 

 

 

5,710

 

 

 

20,768

 

 

 

20,132

 

Sales and marketing

 

 

19,513

 

 

 

19,556

 

 

 

61,558

 

 

 

60,070

 

Research and development

 

 

42,162

 

 

 

44,757

 

 

 

132,489

 

 

 

135,363

 

General and administrative

 

 

15,543

 

 

 

12,431

 

 

 

49,179

 

 

 

46,427

 

Total stock-based compensation expense

 

$

84,242

 

 

$

82,818

 

 

$

266,419

 

 

$

263,142