v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the Company’s option activity during the periods indicated was as follows:
Options Outstanding
Number of
Stock Options
Outstanding		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life (years)		Aggregate
Intrinsic
Value
(in thousands)(in thousands)
Balance as of April 30, 202431,328 $13.97 5.68$268,167 
Options granted1,187 23.43 
Options exercised(3,425)5.97 
Options cancelled(613)23.13 
Balance as of April 30, 202528,477 $15.13 5.01$195,923 
Options granted7,034 12.25 
Options exercised(2,605)2.95 
Options cancelled(487)18.34 
Balance as of April 30, 202632,419 $15.44 5.32$— 
Vested and exercisable as of April 30, 202624,067 $15.05 4.00$— 
Vested and expected to vest as of April 30, 202632,419 $15.44 5.32$— 
Schedule of Valuation Assumptions The assumptions underlying the fair value estimation are provided in the following table:
Fiscal Year Ended April 30,
202620252024
Valuation assumptions:
Expected dividend yield— %— %— %
Expected volatility
68.5 - 71.0%
65.5 - 66.2%
62.3 - 62.3%
Expected term (years)
5.8 - 6.5
6.0 - 6.5
6.5 - 6.5
Risk-free interest rate
3.7 - 3.95%
3.5 - 4.6%
4.7 - 4.7%
Schedule of Restricted Stock Unit Activity
A summary of the Company’s RSU activities and related information is as follows:
RSUs Outstanding
Number of RSUsWeighted Average
Grant Date Fair Value
Per Share
(in thousands)
Unvested Balance as of April 30, 202419,283 $24.26 
RSUs granted14,731 28.43 
RSUs vested(6,478)27.39 
RSUs forfeited(3,762)27.33 
Unvested Balance as of April 30, 202523,774 $25.99 
RSUs granted17,830 18.96 
RSUs vested(10,561)22.87 
RSUs forfeited(11,629)24.87 
Unvested Balance as of April 30, 202619,414 $21.91 
Schedule of Valuation Assumptions Under ESPP
The following assumptions were used to calculate the fair value of shares to be granted under the 2020 ESPP during the period:
Fiscal Year Ended April 30,
202620252024
Valuation assumptions:
Expected dividend yield— %— %— %
Expected volatility
63.9 - 67.6%
 56.2 - 79.8%
54.5 - 73.3%
Expected term (years)
0.5 - 2.0
0.5 - 2.0
0.50 - 2.0
Risk-free interest rate
3.51 - 3.8%
3.6 - 4.6%
4.7 - 5.5%
Summary of Effects of Stock-Based Compensation
The following table summarizes the effects of stock-based compensation on the Company’s consolidated statements of operations (in thousands):
Fiscal Year Ended April 30,
202620252024
Cost of subscription$35,616 $30,480 $34,032 
Cost of professional services1,897 3,180 1,288 
Sales and marketing95,531 83,960 71,751 
Research and development79,221 71,629 72,036 
General and administrative51,450 41,739 36,654 
Total stock-based compensation expense excluding restructuring263,715 230,988 215,761 
Restructuring4,817 — — 
Total stock-based compensation expense$268,532 $230,988 $215,761