v3.26.3
Fair Value Measurements
 12 Months Ended
Jul. 31, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 3—Fair Value Measurements 

 

The fair value measurement of cash equivalents invested money market funds is based on quoted market prices in active markets (Level 1). The fair value measurement of foreign exchange forward contracts is based on observable market-based inputs principally derived from or corroborated by observable market data (Level 2).

 

The following table presents the balance of assets and liabilities measured at fair value on a recurring basis (in thousands):

 

    July 31, 2026  
    Total     Level 1     Level 2     Level 3  
Assets:                        
Cash equivalents   $ 12,323     $ 12,323     $           -     $         -  
Foreign exchange forward contracts     14       -       14       -  
Total   $ 12,337     $ 12,323     $ 14     $ -  

 

    July 31, 2025  
    Total     Level 1     Level 2     Level 3  
Assets:                        
Cash equivalents   $ 13,907     $ 13,907     $          -     $         -  
Foreign exchange forward contracts     18       -       18       -  
Total   $ 13,925     $ 13,907     $ 18     $ -  

 

Fair Value of Other Financial Instruments

  

The Company’s other financial instruments at July 31, 2026 and 2025 included prepaid expenses and other current assets, and trade accounts payable and accrued expenses and other liabilities are stated at their carrying value, which approximates fair value due to the short time to the expected receipt or payment date.