| Schedule of Assets Measured at Fair Value on Recurring Basis |
The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets: | | | | | | | | Cash equivalents: | | | | | | | | | Money market funds | $ | 505,672 | | | $ | — | | | $ | — | | | $ | 505,672 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate debt securities | — | | | 3,002 | | | — | | | 3,002 | | | Municipal securities | — | | | 2,011 | | | — | | | 2,011 | | Total included in cash equivalents | 505,672 | | | 5,013 | | | — | | | 510,685 | | | | | | | | | | Marketable securities: | | | | | | | | | U.S. treasury securities | 108,761 | | | — | | | — | | | 108,761 | | | Corporate debt securities | — | | | 316,523 | | | — | | | 316,523 | | | Certificates of deposit | — | | | 62,611 | | | — | | | 62,611 | | | International treasuries | — | | | 42,558 | | | — | | | 42,558 | | | Municipal securities | — | | | 41,679 | | | — | | | 41,679 | | U.S. agency securities | — | | | 22,699 | | | — | | | 22,699 | | | Commercial paper | — | | | 6,706 | | | — | | | 6,706 | | | Total marketable securities | 108,761 | | | 492,776 | | | — | | | 601,537 | | | | | | | | | | Mutual fund investments (1) | 5,140 | | | — | | | — | | | 5,140 | | | Total financial assets | $ | 619,573 | | | $ | 497,789 | | | $ | — | | | $ | 1,117,362 | |
(1) Mutual fund investments are held in an irrevocable rabbi trust for payment obligations to non-qualified deferred compensation plan participants. The investments are recorded as part of other assets, non-current on the Company’s consolidated balance sheets. The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2025 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | | Financial Assets: | | | | | | | | Cash equivalents: | | | | | | | | | Money market funds | $ | 197,710 | | | $ | — | | | $ | — | | | $ | 197,710 | | U.S. treasury securities | 90,642 | | | — | | | — | | | 90,642 | | | U.S. agency securities | — | | | 20,001 | | | — | | | 20,001 | | | Commercial paper | — | | | 9,462 | | | — | | | 9,462 | | | Certificates of deposit | — | | | 6,020 | | | — | | | 6,020 | | Corporate debt securities | — | | | 3,128 | | | — | | | 3,128 | | Total included in cash equivalents | 288,352 | | | 38,611 | | | — | | | 326,963 | | | | | | | | | | Marketable securities: | | | | | | | | | U.S. treasury securities | 113,440 | | | — | | | — | | | 113,440 | | | Corporate debt securities | — | | | 390,077 | | | — | | | 390,077 | | | Certificates of deposit | — | | | 63,377 | | | — | | | 63,377 | | International treasuries | — | | | 40,135 | | | — | | | 40,135 | | Municipal securities | — | | | 34,966 | | | — | | | 34,966 | | | Commercial paper | — | | | 17,739 | | | — | | | 17,739 | | | U.S. agency securities | — | | | 9,983 | | | — | | | 9,983 | | | Total marketable securities | 113,440 | | | 556,277 | | | — | | | 669,717 | | | | | | | | | | Mutual fund investments (1) | 2,646 | | | — | | | — | | | 2,646 | | | Total financial assets | $ | 404,438 | | | $ | 594,888 | | | $ | — | | | $ | 999,326 | |
(1) Mutual fund investments are held in an irrevocable rabbi trust for payment obligations to non-qualified deferred compensation plan participants. The investments are recorded as part of other assets, non-current on the Company’s consolidated balance sheets. The fair value of available-for-sale securities, by remaining contractual maturity, are as follows (in thousands): | | | | | | | | | | | | | As of April 30, | | 2026 | | 2025 | | Due within 1 year | $ | 304,833 | | | $ | 368,374 | | | Due between 1 year and 3 years | 296,704 | | | 299,522 | | | Due between 3 years and 5 years | — | | | 1,821 | | | Total marketable securities | $ | 601,537 | | | $ | 669,717 | |
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