v3.26.1
Pay vs Performance Disclosure
12 Months Ended
Apr. 30, 2025
USD ($)
Apr. 30, 2024
USD ($)
Apr. 30, 2023
USD ($)
Apr. 30, 2022
USD ($)
Apr. 30, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
In accordance with the Pay versus Performance rules (the “PvP rules”) adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, we provide the following disclosure regarding executive compensation for our CEO, who is our principal executive officer (“PEO”), and non-PEO named executive officers and Company performance for our five most recent fiscal years. The Compensation Committee and the board of directors did not consider the pay versus performance information below in making its pay decisions for any of the fiscal years presented. See the “Executive Compensation—Compensation Discussion and Analysis” section of this proxy statement for information about the pay decisions made with respect to named executive officer compensation for the fiscal years discussed in that section.

Pursuant to the PvP rules, we provide the following information below:
tabular compensation and performance disclosure for our fiscal years 2022, 2023, 2024, 2025, and 2026 (the “covered years”);
additional disclosure regarding the relationship between the Compensation Actually Paid (“CAP” as calculated in accordance with the PvP rules) set forth in the pay versus performance table and each of the performance metrics set forth in the table and between the Company’s total shareholder return (“TSR”) and the TSR Peer Group (as set forth in the table below), in each case over the covered years; and
a list of the financial performance measures that we consider to be our most important measures used to align compensation actually paid for fiscal year 2026 to the named executive officers (as used in this Pay Versus Performance section, the “NEOs”) to Company performance.
In the pay versus performance table below, we provide information about compensation of our NEOs for each of the covered years. Additionally, we provide information about the results for certain financial performance measures for the covered years. Although the PvP rules require us to disclose CAP, these amounts do not necessarily reflect compensation that our principal executive officer and other NEOs actually earned for the covered years. Instead, CAP reflects a calculation computed in accordance with the PvP rules, including adjusted values for unvested and vested equity awards during the covered years based on either year-end or vesting date stock prices and various accounting valuation assumptions. CAP generally fluctuates due to stock price performance.
Pay Versus Performance
Value of Initial Fixed $100 Investment Based On:
YearSummary Compensation Table Total for PEOCompensation Actually Paid to PEOSummary Compensation Table Total for Former PEOCompensation Actually Paid to Former PEOAverage Summary Compensation Table Total for Non- PEO NEOsAverage Compensation Actually Paid to Non- PEO NEOsElastic Total Shareholder ReturnPeer Group Total Shareholder Return  Net Income ($000)Company- Selected Measure: Total Revenue ($000)
(1)(2)(3)(2)(3)(2)(3)
(4)
(5)
(6)
2026$46,961,904 $14,857,931 $— $— $9,712,861 $3,684,398 $38 $257 $367,766 $1,739,331 
2025$14,348,734 $6,354,116 $— $— $5,868,698 $1,532,209 $71 $172 $(108,114)$1,483,296 
2024$12,467,850 $30,137,183 $— $— $6,549,084 $11,342,190 $85 $151 $61,720 $1,267,321 
2023$13,740,871 $9,400,758 $— $— $7,962,040 $5,512,862 $47 $110 $(236,161)$1,068,989 
2022$17,888,070 $12,888,629 $7,883,912 $2,918,134 $4,869,634 $(514,756)$63 $102 $(203,848)$862,374 
       
Named Executive Officers, Footnote
(1)Ashutosh Kulkarni served as our PEO for the entirety of fiscal years 2023, 2024, 2025, and 2026 and from January 11, 2022 to the end of fiscal year 2022 on April 30, 2022. Shay Banon (our “Former PEO”) served as the PEO for fiscal year 2022 from May 1, 2021 to January 11, 2022. Mr. Kulkarni served as a non-PEO NEO (“Reported NEO”) during fiscal year 2022 until his appointment to PEO on January 11, 2022. Mr. Banon served as a Reported NEO during fiscal year 2022 from January 11, 2022 until the end of fiscal year 2022 on April 30, 2022 and during the entirety of fiscal years 2023 and 2024. For the purposes of this pay versus performance disclosure, both our PEO and Former PEO are included solely as PEOs in fiscal year 2022.
Our Reported NEOs for the specified covered years were as follows for the fiscal years indicated:
2026: Messrs. Banon, Welihinda, Dodds, and Exner
2025: Messrs. Banon, Welihinda, Dodds, Exner, Moorjani, and Eric Prengel
2024: Messrs. Banon, Moorjani, Dodds, and Exner
2023: Messrs. Banon, Moorjani, and Exner and Ms. Herzog
2022: Mr. Moorjani, Paul Appleby, and W.H. Baird Garrett
       
Peer Group Issuers, Footnote Peer group TSR represents the cumulative shareholder return of the S&P 500 Information Technology Index, which we presented in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2026. For each covered year, our peer group TSR was calculated based on a deemed fixed investment of $100 through the measurement period, assuming dividend investment for the peer group, weighted according to the respective companies’ stock market capitalization at the beginning of the measurement period.        
PEO Total Compensation Amount $ 9,712,861 $ 5,868,698      
PEO Actually Paid Compensation Amount $ 3,684,398 1,532,209      
Adjustment To PEO Compensation, Footnote Amounts shown in these columns represent the compensation actually paid to our PEO and our Former PEO, and the average compensation actually paid to the Reported NEOs for the specified covered years, as calculated pursuant to the PvP rules. The compensation actually paid reflects the following adjustments to the Summary Compensation Table equity awards reported for the PEO and the Reported NEOs for fiscal year 2026.
Reconciliation of Summary Compensation Table Total to Compensation Actually Paid for Fiscal Year 2026
 +/-PEONon-PEO NEO Average
Summary Compensation Table - Total Compensation$46,961,904$9,712,861
-Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year$45,343,687$8,749,838
+Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year$18,854,484$4,857,938
+Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years$(5,490,209)$(2,257,898)
+Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year$1,282,413$500,914
+Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year$(1,406,973)$(379,579)
-Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year$$
=Compensation Actually Paid$14,857,931$3,684,398
See footnote (1) for the Reported NEOs included in the Non-PEO NEO Average column for the specified fiscal year.

Equity Award values are calculated in accordance with FASB ASC Topic 718. The valuation methodology used to calculate fair values did not materially differ from those disclosed at the time of grant. The compensation actually paid for the other covered years reflects similar types of adjustments to the Summary Compensation Table equity awards reported for the PEO and the Former PEO for those covered years.
       
Non-PEO NEO Average Total Compensation Amount     $ 6,549,084 $ 7,962,040 $ 4,869,634
Non-PEO NEO Average Compensation Actually Paid Amount     11,342,190 5,512,862 (514,756)
Tabular List, Table Total revenue
Non-GAAP operating margin
       
Total Shareholder Return Amount $ 38 71 85 47 63
Peer Group Total Shareholder Return Amount 257 172 151 110 102
Net Income (Loss) $ 367,766 $ (108,114) $ 61,720 $ (236,161) $ (203,848)
Company Selected Measure Amount 1,739,331 1,483,296 1,267,321 1,068,989 862,374
PEO Name Ashutosh Kulkarni        
Additional 402(v) Disclosure Amounts shown in these columns represent (i) the total compensation reported in the “Total” column of the Summary Compensation Table for the specified covered years in the case of our PEO, (ii) the total compensation reported in the “Total” column of the Summary Compensation Table for the specified covered years in the case of our Former PEO, and (iii) the average of the total compensation reported in the “Total” column of the Summary Compensation Table for the Reported NEOs for the specified covered years.The cumulative TSR for the Company is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend investment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. Each of these yearly percentage changes was applied to a deemed fixed investment of $100 at the beginning of the measurement period to produce the covered year-end values of such investment.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Total revenue        
Non-GAAP Measure Description Our total revenue is a key driver of our performance and stockholder value creation. Total revenue carried a 50% weighting among the performance measures utilized for both our fiscal year 2026 performance share unit awards and our Fiscal Year 2026 Bonus Plan. For more information on our use of this financial measure in executive pay decisions, see the section of this proxy statement titled “Executive Compensation—Compensation Discussion and Analysis – Compensation Policies and Practices – Setting Target Total Direct Compensation.”        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP operating margin        
Ashutosh Kulkarni [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 46,961,904 $ 14,348,734 $ 12,467,850 $ 13,740,871 $ 17,888,070
PEO Actually Paid Compensation Amount 14,857,931 6,354,116 30,137,183 9,400,758 12,888,629
Shay Banon [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 0 0 0 0 7,883,912
PEO Actually Paid Compensation Amount 0 $ 0 $ 0 $ 0 $ 2,918,134
PEO | Ashutosh Kulkarni [Member] | Stock and Option Awards Granted [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (45,343,687)        
PEO | Ashutosh Kulkarni [Member] | Stock and Option Awards Granted During Year and Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 18,854,484        
PEO | Ashutosh Kulkarni [Member] | Stock and Option Awards in Prior Years Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,490,209)        
PEO | Ashutosh Kulkarni [Member] | Stock and Option Awards Granted During Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,282,413        
PEO | Ashutosh Kulkarni [Member] | Stock and Option Awards Granted in Prior Years Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,406,973)        
PEO | Ashutosh Kulkarni [Member] | Equity Awards That Failed To Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0