v3.26.1
Property and Equipment
 12 Months Ended
May 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following as of May 31, 2026 and 2025:
Estimated Useful LifeMay 31, 2026May 31, 2025
Networking equipment, electrical equipment, and software
3 - 5 years
$672 $672 
Leasehold improvements
3 - 5 years
697 697 
Construction in progress1,208 3,331 
Other equipment and fixtures
3 - 5 years
37,907 8,900 
Total cost of property and equipment40,484 13,600 
Accumulated depreciation(8,403)(2,678)
Property and equipment, net$32,081 $10,922 
Depreciation expense totaled $5,725 and $1,932 for the fiscal years ended May 31, 2026 and 2025, respectively, and was included as a component of cost of revenues and selling, general and administrative expense in the consolidated statements of operations.