Debt (Tables)
|
12 Months Ended |
Jul. 31, 2026 |
|---|
| 2026 Convertible Senior Notes |
|
| Debt Instrument [Line Items] |
|
| Interest Expense Recognized |
The following table sets forth the total interest expense recognized related to the 2026 Notes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended July 31, |
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
(in thousands) |
|
Interest expense related to amortization of debt discount |
|
$ |
35,955 |
|
|
$ |
— |
|
|
$ |
— |
|
Interest expense related to amortization of debt issuance
costs |
|
|
4,107 |
|
|
|
— |
|
|
|
— |
|
Non-cash interest expense |
|
|
18,550 |
|
|
|
— |
|
|
|
— |
|
Interest expense related to conversion of 2026 Notes
attributable to debt discount and issuance costs |
|
|
107,877 |
|
|
|
— |
|
|
|
— |
|
Total interest expense |
|
$ |
166,489 |
|
|
$ |
— |
|
|
$ |
— |
|
|
| 2027 Convertible Senior Notes |
|
| Debt Instrument [Line Items] |
|
| Components of Notes |
The 2027 Notes consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
July 31,
2025 |
|
|
July 31,
2026 |
|
|
|
(in thousands) |
|
Principal amounts: |
|
|
|
|
|
|
Principal |
|
$ |
500,000 |
|
|
$ |
500,000 |
|
Unamortized debt issuance costs (1) |
|
|
(2,941 |
) |
|
|
(1,590 |
) |
Net carrying amount |
|
$ |
497,059 |
|
|
$ |
498,410 |
|
(1)Included in our consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2027 Notes using the effective interest rate method. The effective interest rate is 0.52%.
|
| Interest Expense Recognized |
The following table sets forth the total interest expense recognized related to the 2027 Notes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended July 31, |
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
(in thousands) |
|
Contractual interest expense |
|
$ |
1,352 |
|
|
$ |
1,321 |
|
|
$ |
1,251 |
|
Interest expense related to amortization of debt issuance
costs |
|
|
1,538 |
|
|
|
1,420 |
|
|
|
1,351 |
|
Total interest expense |
|
$ |
2,890 |
|
|
$ |
2,741 |
|
|
$ |
2,602 |
|
|
| 2029 Convertible Senior Notes |
|
| Debt Instrument [Line Items] |
|
| Components of Notes |
The 2029 Notes consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
July 31,
2025 |
|
|
July 31,
2026 |
|
|
|
(in thousands) |
|
Principal amounts: |
|
|
|
|
|
|
Principal |
|
$ |
862,500 |
|
|
$ |
862,500 |
|
Unamortized debt issuance costs (1) |
|
|
(15,741 |
) |
|
|
(12,199 |
) |
Net carrying amount |
|
$ |
846,759 |
|
|
$ |
850,301 |
|
(1)Included in our consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2029 Notes using the effective interest rate method. The effective interest rate is 0.93%.
|
| Interest Expense Recognized |
The following table sets forth the total interest expense recognized related to the 2029 Notes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended July 31, |
|
|
|
2024 |
|
|
2025 |
|
|
2026 |
|
|
|
(in thousands) |
|
Contractual interest expense |
|
$ |
— |
|
|
$ |
2,695 |
|
|
$ |
4,323 |
|
Interest expense related to amortization of debt issuance
costs |
|
|
— |
|
|
|
2,196 |
|
|
|
3,542 |
|
Total interest expense |
|
$ |
— |
|
|
$ |
4,891 |
|
|
$ |
7,865 |
|
|