
	As of April 30, 2026								As of April 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Cash equivalents:
Money market funds	$	52,715	$	—	$	—	$	52,715	$	87,872	$	—	$	—	$	87,872
Commercial paper	—		—		—		—		29,122		—		—		29,122


Corporate debt securities	—		—		—		—		1,015		—		—		1,015
Available-for-sale marketable securities:
U.S. treasury securities	—		—		—		—		15,478		4		—		15,482
Certificates of deposit	92,112		—		—		92,112		76,518		—		—		76,518
U.S. government agencies securities	69,721		50		(80)		69,691		56,990		157		(9)		57,138
Commercial paper	103,824		—		—		103,824		113,787		—		—		113,787
Corporate debt securities	243,643		194		(212)		243,625		315,034		502		(131)		315,405
Total cash equivalents and available-for-sale marketable securities	$	562,015	$	244	$	(292)	$	561,967	$	695,816	$	663	$	(140)	$	696,339


	As of April 30, 2026				As of April 30, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	408,913	$	409,023	$	455,613	$	455,956
After one year through five years	100,387		100,229		122,194		122,374
Total	$	509,300	$	509,252	$	577,807	$	578,330

The following table summarizes the fair values and unrealized losses of the Company’s available-for-sale marketable securities classified by length of time that the securities have been in a continuous unrealized loss position but were not deemed to be other-than-temporarily impaired, as of April 30, 2026 and 2025 (in thousands):


	As of April 30, 2026
	Less Than 12 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
U.S. treasury securities	$	—	$	—	$	—	$	—	$	—	$	—

U.S. government agencies securities	(66)		17,919		(14)		11,221		$	(80)	$	29,140
Commercial paper	—		—		—		—		$	—	$	—
Corporate debt securities	(145)		79,438		(67)		21,330		$	(212)	$	100,768
Total	$	(211)	$	97,357	$	(81)	$	32,551	$	(292)	$	129,908


	As of April 30, 2025
	Less Than 12 Months				12 Months or Greater				Total
	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
U.S. treasury securities	$	—	$	2,468	$	—	$	—	$	—	$	2,468

U.S. government agencies securities	(9)		7,973		—		—		(9)		7,973
Commercial paper	—		1,823		—		—		—		1,823
Corporate debt securities	(129)		62,899		(2)		9,847		(131)		72,746
Total	$	(138)	$	75,163	$	(2)	$	9,847	$	(140)	$	85,010

As of April 30, 2026, the Company had 125 marketable securities in an unrealized loss positions. As of April 30, 2025, the Company had 88 investment positions in an unrealized loss position. The Company considers factors such as the duration, the magnitude and the reason for the decline in value, the potential recovery period, creditworthiness of the issuers of the securities and its intent to sell. For marketable securities, it also considers whether (i) it is more likely than not that the Company will be required to sell the debt securities before recovery of their amortized cost basis, and (ii) the amortized cost basis cannot be recovered as a result of credit losses. No significant facts or circumstances have arisen to indicate that there has been any significant deterioration in the creditworthiness of the issuers of the securities held by the Company. The decline in fair value below amortized cost basis was not considered other-than-temporary as it is more likely than not that the Company will hold the securities until maturity or a recovery of the cost basis, and no significant credit-related impairment losses were recorded as of April 30, 2026 and 2025.