v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
May 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Investments Fair Value Measurement on Recurring Basis
The following tables present the Company’s investments, which consist of cash equivalents and available-for-sale marketable securities, that are measured at fair value on a recurring basis as of May 31, 2026, and November 30, 2025 (in thousands):
May 31, 2026LevelAmortized
cost		Unrealized
gain		Unrealized
loss		Estimated
fair value
Money market fundsLevel 1$46,704 $— $— $46,704 
U.S. treasury securitiesLevel 1375,989 5 (150)375,844 
Total$422,693 $5 $(150)$422,548 
Included in cash and cash equivalents$46,704 $— $— $46,704 
Included in marketable securities$375,989 $5 $(150)$375,844 
November 30, 2025LevelAmortized
cost		Unrealized
gain		Unrealized
loss		Estimated
fair value
Money market fundsLevel 1$241,364 $— $— $241,364 
U.S. treasury securitiesLevel 1345,876 115 (10)345,981 
Total$587,240 $115 $(10)$587,345 
Included in cash and cash equivalents$241,364 $— $— $241,364 
Included in marketable securities$345,876 $115 $(10)$345,981 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
The following tables summarize the available-for-sale marketable securities in an unrealized loss position for which an allowance for credit losses has not been recorded as of May 31, 2026, and November 30, 2025, aggregated by investment category and length of time in a continuous unrealized loss position (in thousands):
Less than 12 monthsGreater than 12 monthsTotal
May 31, 2026Fair ValueGross Unrealized LossFair ValueGross Unrealized LossFair ValueGross Unrealized Loss
U.S. treasury securities$316,161 $(150)$— $— $316,161 $(150)
Total$316,161 $(150)$— $— $316,161 $(150)
Less than 12 monthsGreater than 12 monthsTotal
November 30, 2025Fair ValueGross Unrealized LossFair ValueGross Unrealized LossFair ValueGross Unrealized Loss
U.S. treasury securities$68,755 $(10)$— $— $68,755 $(10)
Total$68,755 $(10)$— $— $68,755 $(10)