v3.26.1
Segment Information
 9 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment that conducts business globally and is managed, operated, and organized on a consolidated basis. The Company’s chief executive officer is the chief operating decision maker. Since the Company operates in one segment, financial information, revenue by type, and revenue by geographic area presented in the condensed consolidated financial statements represents the operations of the Company’s single segment.
The following table presents selected financial information for the Company’s single operating segment (in thousands):
Three Months Ended April 30,Nine Months Ended April 30,
2026202520262025
Total revenue$372,541 $293,508 $1,064,276 $845,889 
  Adjusted cost of revenue(1)
125,217 101,640 354,902 298,359 
  Stock-based compensation expense9,498 8,685 28,639 25,833 
  Amortization of intangible assets1,180 485 3,045 1,455 
Total cost of revenue135,896 110,810 386,587 325,647 
Gross profit236,645 182,698 677,689 520,242 
Gross profit margin64 %62 %64 %62 %
  Adjusted operating expenses(2)
169,540 145,809 480,769 412,815 
  Stock-based compensation expense35,443 31,672 106,376 93,532 
  Amortization of intangible assets584 749 1,923 2,424 
  Acquisition holdback expense440 — 1,065 — 
Total operating expenses206,008 178,230 590,133 508,771 
Income (loss) from operations30,637 4,468 87,556 11,471 
Income (loss) from operations margin8 %1 %8 %2 %
  Adjusted interest income (expense) and other income (expense)(3)
9,017 11,185 31,506 35,990 
  Changes in fair value of strategic investments
599 (103)554 (341)
  Gains (losses) on sale of strategic investments632 — 632 3,671 
  Amortization of debt issuance costs
(984)(1,058)(2,947)(2,782)
  Retirement of debt— — — (53,565)
  Unrealized foreign exchange rate gains (losses)(20,141)34,176 1,513 13,967 
Income (loss) before provision for (benefit from) income taxes19,760 48,668 118,814 8,410 
Provision for (benefit from) income taxes3,289 2,677 10,926 (9,443)
Net income (loss)$16,471 $45,991 $107,888 $17,853 
(1) Adjusted cost of revenue excludes stock-based compensation expense and amortization of intangible assets.
(2) Adjusted operating expenses excludes stock-based compensation expense, amortization of intangible assets, and acquisition holdback expense.
(3) Adjusted interest income (expense) and other income (expense) excludes changes in fair value of strategic investments, gains (losses) on sale of strategic investments, amortization of debt issuance costs, retirement of debt