v3.26.1
Leases
 12 Months Ended
Jul. 31, 2026
Leases [Abstract]  
Leases Leases
The Company’s lease obligations consist of operating leases for office facilities and equipment, with lease periods expiring through fiscal year 2032. Some leases include one or more options to renew. Lease renewals are not assumed in the determination of the lease term until the exercise of the renewal option is deemed to be reasonably certain.
In February 2023, the Company assigned the remaining lease term of its previous headquarters and concurrently entered into a sublease for office space in San Mateo, California with the same third party for its worldwide headquarters. The lease on the previous headquarters expires in 2029.
Components of operating lease costs were as follows (in thousands):
Fiscal years ended July 31,
202620252024
Operating lease costs (1)
$14,042 $13,167 $12,537 
Variable lease costs3,777 2,428 2,344 
   Net operating lease costs$17,819 $15,595 $14,881 
(1) Lease expense for leases with an initial term of 12 months or less is excluded from the table above and was $0.4 million, $0.9 million, and $0.8 million in each of the fiscal years ended July 31, 2026, 2025, and 2024, respectively.
Future operating lease payments as of July 31, 2026 were as follows (in thousands):
Fiscal year ending July 31,
2027$13,036 
20288,104 
20297,727 
20305,898 
20313,319 
Thereafter2,012 
Total future lease payments40,095 
Less imputed interest(3,202)
Total lease liability balance$36,893 

Supplemental information related to leases was as follows (in thousands, except for lease term and discount rate):
As of July 31,
20262025
Operating lease assets$34,404$39,309
Current portion of lease liabilities$11,687$10,438
Non-current portion of lease liabilities25,20630,687
Total lease liabilities$36,893$41,125
Weighted average remaining lease term (years)4.14.8
Weighted average discount rate4.5 %4.2 %
Supplemental cash and non-cash information related to operating leases was as follows (in thousands):
Fiscal years ended July 31,
202620252024
Cash payments for operating leases$13,838 $12,473 $11,561 
Operating lease assets obtained in exchange for operating lease liabilities$8,103 $5,990 $2,621