v3.26.3
Net Income (Loss) Per Share (Tables)
 12 Months Ended
Jul. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share

The computation of basic and diluted net income (loss) per share attributable to common stockholders is as follows:

 

 

 

Fiscal Year Ended July 31,

 

 

 

2024

 

 

2025

 

 

2026

 

 

 

(in thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(124,775

)

 

$

188,366

 

 

$

1,506,837

 

Add: Interest expense related to convertible senior
   notes, net of tax

 

 

—

 

 

 

3,173

 

 

 

4,403

 

Diluted net (loss) income

 

$

(124,775

)

 

$

191,539

 

 

$

1,511,240

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares, basic

 

 

244,743

 

 

 

267,479

 

 

 

268,691

 

Add: Dilutive effect of common stock equivalents

 

 

—

 

 

 

26,604

 

 

 

23,492

 

Weighted average shares, diluted

 

 

244,743

 

 

 

294,083

 

 

 

292,183

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share attributable to Class A
   common stockholders, basic

 

$

(0.51

)

 

$

0.70

 

 

$

5.61

 

Net (loss) income per share attributable to Class A
   common stockholders, diluted

 

$

(0.51

)

 

$

0.65

 

 

$

5.17

 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following shares of common stock were excluded from the computation of diluted net income (loss) per share for the periods presented, as their effect would have been antidilutive:

 

 

 

Fiscal Year Ended July 31,

 

 

 

2024

 

 

2025

 

 

2026

 

 

 

(in thousands)

 

Outstanding stock options, RSUs and PSUs

 

 

22,433

 

 

 

839

 

 

 

5,906

 

Employee stock purchase plan

 

 

1,148

 

 

 

64

 

 

 

136

 

Common stock issuable upon the conversion of convertible notes

 

 

39,423

 

 

 

—

 

 

 

—

 

Total

 

 

63,004

 

 

 

903

 

 

 

6,042