Property and equipment consisted of the following at July 31, 2026 and April 30, 2026 (in thousands):


	Useful Life	As of July 31,		As of April 30,
	(in months)	2026		2026
Leasehold improvements	*	$	83,154	$	83,005
Computer equipment	36	5,241		5,386
Office furniture and equipment	60	15,796		15,796

Property and equipment, gross		104,191		104,187
Less: accumulated depreciation and amortization		(40,622)		(37,283)
Property and equipment, net		$	63,569	$	66,904

*Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term.

Depreciation and amortization expense related to property and equipment was $3.3 million and $3.4 million for the three months ended July 31, 2026 and 2025, respectively.

Accrued compensation and employee benefits consisted of the following at July 31, 2026 and April 30, 2026 (in thousands):


	As of July 31,		As of April 30,
	2026		2026
Accrued bonus	$	32,101	$	35,534
Accrued vacation	3,949		4,743
Accrued payroll taxes and benefits	3,201		3,136
Accrued commissions	3,705		4,506
ESPP contributions	837		428
Other	245		213
Accrued compensation and employee benefits	$	44,038	$	48,560

Accrued and other current liabilities consisted of the following at July 31, 2026 and April 30, 2026 (in thousands):


	As of July 31,		As of April 30,
	2026		2026
Accrued general expenses	$	1,591	$	706
Operating lease liabilities, current	5,785		5,577
Accrued professional services	5,626		4,271
Accrued cloud hosting services	3,992		3,143
Accrued taxes payable	2,514		3,625
Other	267		319
Accrued and other current liabilities	$	19,775	$	17,641