v3.26.1
Equity Incentive Plans (Tables)
 12 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques
The fair value of the ESPP offerings was estimated on the offering date using the Black-Scholes option pricing model with the following assumptions:
Year Ended April 30,
20262025
Expected term (in years)0.50.5
Expected stock price volatility
49.7% - 54.9%
50.4% - 59.2%
Risk-free interest rate
3.7% - 3.8%
4.3% - 4.6%
Dividend yield—%—%
Summary of Stock Option Activity
The following table summarizes stock option activity:
Stock Options Outstanding
Number of
Stock Options
Outstanding
Weighted-
Average
Exercise
Price
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value
(in thousands)
Balance as of April 30, 20251,775,723 $42.16 3.88$88,617 
Stock options exercised(218,707)$12.83 
Stock options canceled(9,250)$49.51 
Stock options assumed in acquisition canceled(656)$74.36 
Balance as of April 30, 20261,547,110 $46.25 3.10$30,020 
Exercisable as of April 30, 20261,539,658 $46.07 3.09$30,020 
Summary of RSU Activity
The following table summarizes RSU activity under the 2012 Plan:
Number of AwardsWeighted-Average Grant Date Fair Value
Outstanding and unvested at April 30, 20256,523,077 $93.95 
RSUs granted
5,508,638 $76.67 
RSUs released(2,956,439)$88.49 
RSUs canceled
(912,698)$91.08 
Outstanding and unvested at April 30, 20268,162,578 $84.58 
Summary of Stock-based Compensation Expense
Total stock-based compensation expense recognized in the Company’s consolidated statements of operations was as follows (in thousands):
Year Ended April 30,
202620252024
Cost of revenue
Subscription$10,056 $9,443 $8,774 
Services15,918 14,747 12,539 
Research and development112,638 97,412 93,588 
Sales and marketing94,961 86,743 78,069 
General and administrative64,862 49,437 46,167 
Total stock-based compensation expense$298,435 $257,782 $239,137