
	As of July 31, 2026								As of April 30, 2026
	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	$	80,478	$	—	$	—	$	80,478	$	52,715	$	—	$	—	$	52,715
Commercial paper	12,401		—		—		12,401		—		—		—		—


Corporate debt securities	1,044		—		—		1,044		—		—		—		—
Available-for-sale marketable securities:
U.S. treasury securities	3,880		—		—		3,880		—		—		—		—
Certificates of deposit	74,665		—		—		74,665		92,112		—		—		92,112
U.S. government agencies securities	80,854		7		(239)		80,622		69,721		50		(80)		69,691
Commercial paper	108,768		—		—		108,768		103,824		—		—		103,824
Corporate debt securities	247,075		49		(425)		246,699		243,643		194		(212)		243,625
Total cash equivalents and available-for-sale marketable securities	$	609,165	$	56	$	(664)	$	608,557	$	562,015	$	244	$	(292)	$	561,967


	As of July 31, 2026				As of April 30, 2026
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Within one year	$	379,418	$	379,321	$	408,913	$	409,023
After one year through five years	135,824		135,313		100,387		100,229
Total	$	515,242	$	514,634	$	509,300	$	509,252

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 (in thousands):


	As of July 31, 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	$	—	$	3,880	$	—	$	—	$	—	$	3,880

U.S. government agencies securities	(206)		40,546		(33)		18,517		(239)		59,063
Commercial paper	—		4,842		—		—		—		4,842
Corporate debt securities	(321)		124,675		(104)		39,863		(425)		164,538
Total	$	(527)	$	173,943	$	(137)	$	58,380	$	(664)	$	232,323


	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 July 31, 2026, the Company had 228 marketable securities in an unrealized loss position. As of April 30, 2026, the Company had 125 marketable securities that were 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 July 31, 2026 and April 30, 2026.