v3.26.1
Segment Information
 12 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment that conducts business globally and is managed, operated, and organized on a consolidated basis. The Company’s chief executive officer is the chief operating decision maker. Since the Company operates in one segment, financial information, revenue by type, and revenue by geographic area presented in the consolidated financial statements represents the operations of the Company’s single segment.
The following table presents selected financial information for the Company’s single operating segment (in thousands):
Fiscal years ended July 31,
202620252024
Total revenue$1,475,363 $1,202,459 $980,497 
Adjusted cost of revenue(1)
485,367 413,303 362,572 
Stock-based compensation expense38,396 34,848 32,624 
Amortization of intangible assets4,232 2,255 1,940 
Total cost of revenue527,995 450,406 397,136 
Gross profit947,368 752,053 583,361 
Gross profit margin64 %63 %59 %
Adjusted operating expenses(2)
650,112 580,911 518,427 
Stock-based compensation expense143,403 126,708 113,836 
Amortization of intangible assets2,469 3,189 3,528 
Acquisition holdback expense1,510 177 143 
Total operating expenses797,494 710,985 635,934 
Income (loss) from operations149,874 41,068 (52,573)
Income (loss) from operations margin10 %3 %(5)%
Adjusted interest income (expense) and other income (expense), net(3)
39,522 47,366 38,460 
Changes in fair value of strategic investment489 (2,130)(1,957)
Gains (losses) on sale of strategic investment632 3,671 1,803 
Amortization of debt issuance cost(3,939)(3,758)(1,732)
Retirement of debt— (53,565)— 
Unrealized foreign exchange rate gains (losses)(22,462)16,743 (10,839)
Income (loss) before provision for (benefit from) income taxes164,117 49,395 (26,838)
Provision for (benefit from) income taxes24,834 (20,409)(20,735)
Net income (loss)$139,283 $69,804 $(6,103)
(1) Adjusted cost of revenue excludes stock-based compensation and amortization of intangible assets.
(2) Adjusted operating expenses excludes stock-based compensation expense, amortization of intangible assets, and acquisition holdback expense.
(3) Adjusted interest income (expense) and other income (expense), net excludes changes in fair value of strategic investments, gains (losses) on sale of strategic investments, amortization of debt issuance costs, retirement of debt, and unrealized foreign exchange rate gains (losses).

The Company’s long-lived assets for this disclosure are defined as property and equipment and operating lease assets. The Company’s long-lived assets by geographic region are as follows (in thousands):
July 31, 2026July 31, 2025
Americas$62,737 $64,255 
EMEA25,209 25,736 
APAC14,258 9,754 
Total$102,204 $99,745