v3.26.1
Debt (Tables)
 12 Months Ended
Jul. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The net carrying value of the 2029 Convertible Senior Notes was as follows (in thousands):
July 31, 2026July 31, 2025
2029 convertible senior notes - principal amount$690,000 $690,000 
Less: unamortized debt issuance costs(11,906)(15,432)
Net carrying amount of debt678,094 674,568 
Less: current portion of convertible senior notes, net— — 
Non-current portion of convertible senior notes, net$678,094 $674,568 
The following table sets forth the interest expense recognized related to our debt, consisting of our Convertible Senior Notes and the 2025 Credit Facility (in thousands):
Fiscal years ended July 31,
202620252024
Contractual interest expense$8,625 $8,984 $5,000 
Amortization of debt issuance costs3,939 3,758 1,732 
Commitment fees673 452 — 
Total$13,237 $13,193 $6,732 
Schedule of Capped Calls
The following table below sets forth key terms and costs incurred for the capped calls related to each of the Convertible Senior Notes (in millions, except per share amounts):
2025 Convertible Senior Notes2029 Convertible Senior Notes
Initial strike price per share, subject to certain adjustments$113.75 $244.65 
Initial cap price per share, subject to certain adjustments$153.13 $329.33 
Net cost incurred (in millions)$37.2 $58.8 
Common stock covered, subject to anti-dilution adjustments (in millions)3.52.8