Nutanix (NTNX) 10-Q 3 Jun 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Apr. 30, 2021	May 31, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	001-37883
Entity Registrant Name	NUTANIX, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0989767
Entity Address, Address Line One	1740 Technology Drive, Suite 150
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95110
City Area Code	(408)
Local Phone Number	216-8360
Title of 12(b) Security	Class A Common Stock, $0.000025 par value per share
Trading Symbol	NTNX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001618732
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		204,321,466
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		7,243,241

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents	$ 274,676	$ 318,737
Short-term investments	980,145	401,041
Accounts receivable, net of allowances of $804 and $775, respectively	143,116	242,516
Deferred commissions—current	102,728	68,694
Prepaid expenses and other current assets	65,918	63,032
Total current assets	1,566,583	1,094,020
Property and equipment, net	133,392	143,172
Operating lease right-of-use assets	112,207	127,326
Deferred commissions—non-current	206,834	146,834
Intangible assets, net	36,357	49,392
Goodwill	185,260	185,260
Other assets—non-current	24,918	22,543
Total assets	2,265,551	1,768,547
Current liabilities:
Accounts payable	56,638	54,029
Accrued compensation and benefits	128,944	109,109
Accrued expenses and other current liabilities	28,070	25,924
Deferred revenue—current	605,031	534,572
Operating lease liabilities—current	42,411	36,569
Total current liabilities	861,094	760,203
Deferred revenue—non-current	669,005	648,869
Operating lease liabilities—non-current	96,342	116,794
Convertible senior notes, net	1,038,013	490,222
Derivative liability	312,263	230,910
Other liabilities—non-current	35,608	27,436
Total liabilities	3,012,325	2,043,524
Commitments and contingencies (Note 7)
Stockholders’ deficit:
Preferred stock, par value of $0.000025 per share-200,000 shares authorized as of July 31, 2020 and April 31, 2021; no shares issued and outstanding as of July 31, 2020 and April 30, 2021
Common stock, par value of $0.000025 per share-1,200,000 (1,000,000 Class A, 200,000 Class B) shares authorized as of July 31, 2020 and April 30, 2021; 201,949 (186,846 Class A and 15,103 Class B) and 211,531 (202,186 Class A and 9,345 Class B) shares issued and outstanding as of July 31, 2020 and April 30, 2021	5	5
Additional paid-in capital	2,522,302	2,245,180
Accumulated other comprehensive income	92	2,030
Accumulated deficit	(3,269,173)	(2,522,192)
Total stockholders’ deficit	(746,774)	(274,977)
Total liabilities and stockholders’ deficit	$ 2,265,551	$ 1,768,547

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Accounts receivable, allowance for credit loss	$ 775	$ 804
Preferred stock, par value (in dollars per share)	$ 0.000025	$ 0.000025
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.000025	$ 0.000025
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares issued (in shares)	211,531,000	201,949,000
Common stock, shares outstanding (in shares)	211,531,000	201,949,000
Common Class A
Common stock, par value (in dollars per share)	$ 0.000025	$ 0.000025
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	202,186,000	186,846,000
Common stock, shares outstanding (in shares)	202,186,000	186,846,000
Common Class B
Common stock, par value (in dollars per share)	$ 0.000025	$ 0.000025
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	9,345,000	15,103,000
Common stock, shares outstanding (in shares)	9,345,000	15,103,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Revenue:
Total revenue	$ 344,508	$ 318,273	$ 1,003,644	$ 979,808
Cost of revenue:
Total cost of revenue	74,474	72,294	213,387	219,718
Gross profit	270,034	245,979	790,257	760,090
Operating expenses:
Sales and marketing	263,358	299,162	781,719	895,936
Research and development	144,917	141,346	416,292	418,640
General and administrative	42,332	35,644	111,140	103,083
Total operating expenses	450,607	476,152	1,309,151	1,417,659
Loss from operations	(180,573)	(230,173)	(518,894)	(657,569)
Other (expense) income, net	61,352	(5,640)	(143,381)	(16,543)
Loss before provision for income taxes	(119,221)	(235,813)	(662,275)	(674,112)
Provision for income taxes	4,419	4,858	13,803	13,423
Net loss	$ (123,640)	$ (240,671)	$ (676,078)	$ (687,535)
Net loss per share attributable to Class A and Class B common stockholders—basic and diluted	$ (0.60)	$ (1.23)	$ (3.31)	$ (3.56)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders—basic and diluted	207,715	196,366	204,407	192,896
Product
Revenue:
Total revenue	$ 172,308	$ 180,756	$ 502,858	$ 586,747
Cost of revenue:
Total cost of revenue	12,896	15,990	39,494	57,899
Professional Services
Revenue:
Total revenue	172,200	137,517	500,786	393,061
Cost of revenue:
Total cost of revenue	$ 61,578	$ 56,304	$ 173,893	$ 161,819

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (123,640)	$ (240,671)	$ (676,078)	$ (687,535)
Other comprehensive loss, net of tax:
Change in unrealized gain (loss) on available-for-sale securities, net of tax	(465)	487	(1,938)	956
Comprehensive loss	$ (124,105)	$ (240,184)	$ (678,016)	$ (686,579)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income	Accumulated Deficit
Stockholders' equity, beginning balance at Jul. 31, 2019	$ 186,893,000	$ 5,000	$ 1,835,528,000	$ 669,000	$ (1,649,309,000)
Stockholders' equity, beginning balance (in shares) at Jul. 31, 2019		188,595,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	2,608,000	$ 0	2,608,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		2,620,000
Issuance of common stock from ESPP purchase	21,337,000	$ 0	21,337,000	0	0
Issuance of common stock from ESPP purchase (in shares)		959,000
Stock-based compensation	81,426,000	$ 0	81,426,000	0	0
Other comprehensive income (loss)	565,000	0	0	565,000	0
Net loss	(229,300,000)	0	0	0	(229,300,000)
Stockholders' equity, ending balance at Oct. 31, 2019	63,529,000	$ 5,000	1,940,899,000	1,234,000	(1,878,609,000)
Stockholders' equity, ending balance (in shares) at Oct. 31, 2019		192,174,000
Stockholders' equity, beginning balance at Jul. 31, 2019	186,893,000	$ 5,000	1,835,528,000	669,000	(1,649,309,000)
Stockholders' equity, beginning balance (in shares) at Jul. 31, 2019		188,595,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(687,535,000)
Stockholders' equity, ending balance at Apr. 30, 2020	(184,039,000)	$ 5,000	2,151,175,000	1,625,000	(2,336,844,000)
Stockholders' equity, ending balance (in shares) at Apr. 30, 2020		199,526,000
Stockholders' equity, beginning balance at Oct. 31, 2019	63,529,000	$ 5,000	1,940,899,000	1,234,000	(1,878,609,000)
Stockholders' equity, beginning balance (in shares) at Oct. 31, 2019		192,174,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	2,414,000	$ 0	2,414,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		2,480,000
Stock-based compensation	85,615,000	$ 0	85,615,000	0	0
Other comprehensive income (loss)	(96,000)	0	0	(96,000)	0
Net loss	(217,564,000)	0	0	0	(217,564,000)
Stockholders' equity, ending balance at Jan. 31, 2020	(66,102,000)	$ 5,000	2,028,928,000	1,138,000	(2,096,173,000)
Stockholders' equity, ending balance (in shares) at Jan. 31, 2020		194,654,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	858,000	$ 0	858,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		2,512,000
Issuance of common stock from ESPP purchase	29,293,000	$ 0	29,293,000	0	0
Issuance of common stock from ESPP purchase (in shares)		2,360,000
Stock-based compensation	92,096,000	$ 0	92,096,000	0	0
Other comprehensive income (loss)	487,000	0	0	487,000	0
Net loss	(240,671,000)	0	0	0	(240,671,000)
Stockholders' equity, ending balance at Apr. 30, 2020	(184,039,000)	$ 5,000	2,151,175,000	1,625,000	(2,336,844,000)
Stockholders' equity, ending balance (in shares) at Apr. 30, 2020		199,526,000
Stockholders' equity, beginning balance at Jul. 31, 2020	$ (274,977,000)	$ 5,000	2,245,180,000	2,030,000	(2,522,192,000)
Stockholders' equity, beginning balance (in shares) at Jul. 31, 2020	201,949,000	201,949,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	$ 1,631,000	$ 0	1,631,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		3,117,000
Issuance of common stock from ESPP purchase	18,070,000	$ 0	18,070,000	0	0
Issuance of common stock from ESPP purchase (in shares)		1,456,000
Repurchase and retirement of common stock	125,079,000	$ 0	54,176,000	0	70,903,000
Repurchase and retirement of common stock (in shares)		(5,176,000)
Stock-based compensation	89,198,000	$ 0	89,198,000	0	0
Other comprehensive income (loss)	(1,150,000)	0	0	(1,150,000)	0
Net loss	(265,048,000)	0	0	0	(265,048,000)
Stockholders' equity, ending balance at Oct. 31, 2020	(557,355,000)	$ 5,000	2,299,903,000	880,000	(2,858,143,000)
Stockholders' equity, ending balance (in shares) at Oct. 31, 2020		201,346,000
Stockholders' equity, beginning balance at Jul. 31, 2020	$ (274,977,000)	$ 5,000	2,245,180,000	2,030,000	(2,522,192,000)
Stockholders' equity, beginning balance (in shares) at Jul. 31, 2020	201,949,000	201,949,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and retirement of common stock (in shares)	(5,200,000)
Net loss	$ (676,078,000)
Stockholders' equity, ending balance at Apr. 30, 2021	$ (746,774,000)	$ 5,000	2,522,302,000	92,000	(3,269,173,000)
Stockholders' equity, ending balance (in shares) at Apr. 30, 2021	211,531,000	211,531,000
Stockholders' equity, beginning balance at Oct. 31, 2020	$ (557,355,000)	$ 5,000	2,299,903,000	880,000	(2,858,143,000)
Stockholders' equity, beginning balance (in shares) at Oct. 31, 2020		201,346,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	2,222,000	$ 0	2,222,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		2,892,000
Stock-based compensation	84,454,000	$ 0	84,454,000	0	0
Other comprehensive income (loss)	(323,000)	0	0	(323,000)	0
Net loss	(287,390,000)	0	0	0	(287,390,000)
Stockholders' equity, ending balance at Jan. 31, 2021	(758,392,000)	$ 5,000	2,386,579,000	557,000	(3,145,533,000)
Stockholders' equity, ending balance (in shares) at Jan. 31, 2021		204,238,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock through employee equity incentive plans	8,340,000	$ 0	8,340,000	0	0
Issuance of common stock through employee equity incentive plans, net of repurchases (in shares)		4,769,000
Issuance of common stock from ESPP purchase	32,097,000	$ 0	32,097,000	0	0
Issuance of common stock from ESPP purchase (in shares)		2,524,000
Stock-based compensation	95,286,000	$ 0	95,286,000	0	0
Other comprehensive income (loss)	465,000	0	0	465,000	0
Net loss	(123,640,000)	0	0	0	(123,640,000)
Stockholders' equity, ending balance at Apr. 30, 2021	$ (746,774,000)	$ 5,000	$ 2,522,302,000	$ 92,000	$ (3,269,173,000)
Stockholders' equity, ending balance (in shares) at Apr. 30, 2021	211,531,000	211,531,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Apr. 30, 2021	Apr. 30, 2020
Cash flows from operating activities:
Net loss		$ (676,078)	$ (687,535)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		70,609	69,715
Stock-based compensation		268,938	259,137
Change in fair value of derivative liability		81,353
Amortization of debt discount and issuance costs		46,178	23,290
Operating lease cost, net of accretion		25,818	22,340
Impairment of lease-related assets		2,822	3,002
Non-cash interest expense		11,331
Other		7,025	(33)
Changes in operating assets and liabilities:
Accounts receivable, net		102,029	9,027
Deferred commissions		(94,034)	(47,063)
Prepaid expenses and other assets		(4,375)	12,371
Accounts payable		542	(5,675)
Accrued compensation and benefits		17,523	(11,456)
Accrued expenses and other liabilities		4,039	(1,333)
Operating leases, net		(26,864)	(21,076)
Deferred revenue		87,964	211,774
Net cash used in operating activities		(75,180)	(163,515)
Cash flows from investing activities:
Maturities of investments		486,640	498,611
Purchases of investments		(1,145,335)	(524,568)
Sales of investments		70,055	70,878
Purchases of property and equipment		(41,111)	(72,073)
Net cash used in investing activities		(629,751)	(27,152)
Cash flows from financing activities:
Proceeds from sales of shares through employee equity incentive plans		62,343	56,515
Proceeds from the issuance of convertible notes, net of issuance costs		723,617
Repurchases of common stock		(125,079)
Net cash provided by financing activities		660,881	56,515
Net decrease in cash, cash equivalents and restricted cash		(44,050)	(134,152)
Cash, cash equivalents and restricted cash—beginning of period		321,991	399,520
Cash, cash equivalents and restricted cash—end of period		277,941	265,368
Restricted cash	[1]	3,265	3,037
Cash and cash equivalents—end of period		274,676	262,331
Supplemental disclosures of cash flow information:
Cash paid for income taxes		13,220	14,658
Supplemental disclosures of non-cash investing and financing information:
Purchases of property and equipment included in accounts payable and accrued and other liabilities		12,583	7,934
Finance lease liabilities arising from obtaining right-of-use assets		$ 5,769
[1]	Included within other assets—non-current in the condensed consolidated balance sheets.

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Overview and Basis of Presentation	NOTE 1. OVERVIEW AND B ASIS OF PRESENTATION Organization and Description of Business Nutanix, Inc. was incorporated in the state of Delaware in September 2009. Nutanix, Inc. is headquartered in San Jose, California, and together with its wholly-owned subsidiaries (collectively, "we," "us," "our" or "Nutanix"), has operations throughout North America, Europe, Asia Pacific, the Middle East, Latin America and Africa. We provide a leading enterprise cloud platform, which we call the Nutanix Hybrid Cloud Platform, that consists of software solutions and cloud services that power our customers' hybrid cloud and multicloud strategies. Our solutions run across private-, hybrid- and multicloud environments, and allow organizations to seamlessly "lift and shift" their workloads, including enterprise applications, high-performance databases, end-user computing and virtual desktop infrastructure ("VDI") services, cloud native workloads, and analytics applications, between different cloud environments. Our solutions are primarily sold through channel partners, including distributors, resellers and original equipment manufacturers ("OEMs") (collectively, "Partners"), and delivered directly to our end customers. Principles of Consolidation and Significant Accounting Policies The accompanying condensed consolidated financial statements, which include the accounts of Nutanix, Inc. and its wholly-owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") and are consistent in all material respects with those included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2020, filed with the Securities and Exchange Commission ("SEC") on September 23, 2020. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements are unaudited, but include all adjustments of a normal recurring nature necessary for a fair presentation of our quarterly results. The consolidated balance sheet as of July 31, 2020 is derived from audited financial statements, however, it does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes in our Annual Report on Form 10-K for the fiscal year ended July 31, 2020 , which was filed with the SEC on September 23, 2020. Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such management estimates and assumptions include, but are not limited to, the best estimate of selling prices for products and related support; useful lives and recoverability of intangible assets and property and equipment; allowance for credit losses; determination of fair value of stock-based awards; accounting for income taxes, including the valuation allowance on deferred tax assets and uncertain tax positions; warranty liability; purchase commitment liabilities to our OEMs; sales commissions expense and the period of benefit for deferred commissions; whether an arrangement is or contains a lease; the incremental borrowing rate to measure the present value of operating right-of-use assets and lease liabilities; the inputs used to determine the fair value of the contingent liability associated with the conversion feature of the convertible senior notes due in 2026; and contingencies and litigation. Management evaluates these estimates and assumptions on an ongoing basis using historical experience and other factors and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions. In response to the ongoing and rapidly evolving COVID-19 pandemic, we considered the impact of the estimated economic implications on our critical and significant accounting estimates, including assessment of collectibility of customer contracts, valuation of accounts receivable, provision for purchase commitments to our OEMs and impairment of long-lived assets, right-of-use assets, and deferred commissions. Concentration of Risk Concentration of revenue and accounts receivable —We sell our products primarily through our Partners and occasionally directly to end customers. For the three and nine months ended April 30, 2020 and 2021, no end customer accounted for more than 10% of total revenue or accounts receivable. For each significant Partner, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable, net are as follows: Revenue Three Months Ended Nine Months Ended Accounts Receivable Partners 2020 2021 2020 2021 July 31, April 30, Partner A 29 % 33 % 29 % 32 % 33 % 35 % Partner B 14 % 15 % 14 % 14 % 16 % 14 % Partner C (1) (1) (1) (1) (1) 10 % Partner D (1) (1) (1) 10 % (1) (1) (1) Less than 10% Summary of Significant Accounting Policies Except for the accounting for the derivative liability associated with the convertible notes due in 2026, as described below, there have been no changes to our significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended July 31, 2020, filed with the SEC on September 23, 2020, that have had a material impact on our condensed consolidated financial statements. Derivative Liability We evaluate convertible notes or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of Accounting Standards Codification ("ASC") 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity. The result of this accounting guidance could result in the fair value of a financial instrument being classified as a derivative instrument and recorded at fair market value at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the condensed consolidated statements of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost, including trade receivables. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model that requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. We adopted this new standard effective August 1, 2020 and the adoption did not have a material impact on our condensed consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of the FASB's disclosure framework project. We adopted this new standard effective August 1, 2020 and the adoption did not have a material impact on our quarterly or annual disclosures. Recently Issued and Not Yet Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06 the embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost and convertible preferred stock will be accounted for as a single equity instrument measured at its historical cost, as long as no other features require bifurcation and recognition as derivatives. By removing those separation models, the interest rate of convertible debt instruments typically will be closer to the coupon interest rate. ASU 2020-06 also provides for certain disclosures with regard to convertible instruments and associated fair values. ASU 2020-06 is effective for us in the first quarter of fiscal 2023. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The FASB specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. As such, we can early adopt this standard beginning in the first quarter of fiscal 2022. We are currently evaluating the potential impact of adoption of this guidance on our condensed consolidated financial statements.

Revenue, Deferred Revenue and D

Revenue, Deferred Revenue and Deferred Commissions	9 Months Ended
	Apr. 30, 2021
Revenue Recognition And Deferred Revenue [Abstract]
Revenue, Deferred Revenue and Deferred Commissions	NOTE 2. REVENUE, DEFERRED REV ENUE AND DEFERRED COMMISSIONS Disaggregation of Revenue and Revenue Recognition We generate revenue primarily from the sale of our enterprise cloud platform, which can be delivered pre-installed on an appliance that is configured to order or delivered separately to be utilized on a variety of certified hardware platforms. When the software license is not portable to other appliances, it can be used over the life of the associated appliance, while subscription term-based licenses typically have a term of one to five year s. Configured-to-order appliances, including our Nutanix-branded NX hardware line, can be purchased from one of our OEMs or in limited cases, directly from Nutanix. Our enterprise cloud platform is typically purchased with one or more years of support and entitlements, which includes the right to software upgrades and enhancements as well as technical support. A substantial portion of sales are made through channel partners and OEM relationships. The following table depicts the disaggregation of revenue by revenue type, consistent with how we evaluate our financial performance: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Subscription $ 260,963 $ 307,332 $ 745,403 $ 891,443 Non-portable software 41,917 16,741 178,619 58,445 Hardware 3,786 975 22,052 3,025 Professional services 11,607 19,460 33,734 50,731 Total revenue $ 318,273 $ 344,508 $ 979,808 $ 1,003,644 Subscription revenue — Subscription revenue includes any performance obligation which has a defined term and is generated from the sales of software entitlement and support subscriptions, subscription software licenses and cloud-based software as a service ("SaaS") offerings.  Ratable — We recognize revenue from software entitlement and support subscriptions and SaaS offerings ratably over the contractual service period, the substantial majority of which relate to software entitlement and support subscriptions. These offerings represented approximately $ 129.2 million and $ 367.9 million of our subscription revenue for the three and nine months ended April 30, 2020 and approximately $ 159.5 million and $ 466.5 million of our subscription revenue for the three and nine months ended April 30, 2021, respectively.  Upfront — Revenue from our subscription software licenses is generally recognized upfront upon transfer of control to the customer, which happens when we make the software available to the customer. These subscription software licenses represented approximately $ 131.8 million and $ 377.5 million of our subscription revenue for the three and nine months ended April 30, 2020 and approximately $ 147.8 million and $ 424.9 million of our subscription revenue for the three and nine months ended April 30, 2021, respectively. Non-portable software revenue — Non-portable software revenue includes sales of our enterprise cloud platform when delivered on a configured-to-order appliance by us or one of our OEM partners. The software licenses associated with these sales are typically non-portable and can be used over the life of the appliance on which the software is delivered. Revenue from our non-portable software products is generally recognized upon transfer of control to the customer. Hardware revenue — In transactions where the hardware appliance is purchased directly from Nutanix, we consider ourselves to be the principal in the transaction and we record revenue and costs of goods sold on a gross basis. We consider the amount allocated to hardware revenue to be equivalent to the cost of the hardware procured. Hardware revenue is generally recognized upon transfer of control to the customer. Professional services revenue — We also sell professional services with our products. We recognize revenue related to professional services as they are performed. Contracts with multiple performance obligations — The majority of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price ("SSP") basis. For deliverables that we routinely sell separately, such as software entitlement and support subscriptions on our core offerings, we determine SSP by evaluating the standalone sales over the trailing 12 months. For those that are not sold routinely, we determine SSP based on our overall pricing trends and objectives, taking into consideration market conditions and other factors, including the value of our contracts, the products sold and geographic locations. Contract balances — The timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable are recorded at the invoiced amount, net of an allowance for credit losses. A receivable is recognized in the period we deliver goods or provide services, or when our right to consideration is unconditional. In situations where revenue recognition occurs before invoicing, an unbilled receivable is created, which represents a contract asset. Unbilled accounts receivable, included in accounts receivable, net on the condensed consolidated balance sheets, was not material for any of the periods presented. Payment terms on invoiced amounts are typically 30-45 days. We assess credit losses on accounts receivable by taking into consideration past collection experience, the credit quality of the customer, the age of the receivable balance, current and future economic conditions, and forecasts that may affect the collectibility of the reported amount. The balance of accounts receivable, net of allowance for credit losses, as of July 31, 2020 and April 30, 2021 is presented in the accompanying condensed consolidated balance sheets. Costs to obtain and fulfill a contract — We capitalize commissions paid to sales personnel and the related payroll taxes when customer contracts are signed. These costs are recorded as deferred commissions in the condensed consolidated balance sheets, current and non-current. We determine whether costs should be deferred based on our sales compensation plans, if the commissions are incremental and would not have been incurred absent the execution of the customer contract. Commissions paid upon the initial acquisition of a contract are recognized over the estimated period of benefit, which may exceed the term of the initial contract if the commissions expected to be paid upon renewal are not commensurate with that of the initial contract. Accordingly, deferred costs are recognized on a systematic basis that is consistent with the pattern of revenue recognition allocated to each performance obligation over the entire period of benefit and included in sales and marketing expense in the condensed consolidated statements of operations. We determine the estimated period of benefit by evaluating the expected renewals of customer contracts, the duration of relationships with our customers, customer retention data, our technology development lifecycle and other factors. Deferred costs are periodically reviewed for impairment. Effective August 1, 2020, we changed our sales compensation plans such that commissions paid on subscription software license renewals are not commensurate with commissions paid on the initial contract. Accordingly, commissions paid on initial sales of subscription software licenses are now being recognized in a pattern consistent with the revenue recognition for each performance obligation, including those we expect upon renewal, over the entire period of benefit, rather than only the term of the initial contract, thus resulting in less expense being recognized in the initial contract period. Taxes assessed by a government authority that are both imposed on and concurrent with specific revenue transactions between us and our customers are presented on a net basis in our condensed consolidated statements of operations. Deferred revenue — Deferred revenue primarily consists of amounts that have been invoiced but not yet recognized as revenue and primarily pertain to software entitlement and support subscriptions and professional services. The current portion of deferred revenue represents the amounts that are expected to be recognized as revenue within one year of the condensed consolidated balance sheet date. Significant changes in the balance of deferred revenue (contract liability) and deferred commissions (contract asset) for the periods presented are as follows: Deferred Deferred (in thousands) Balance as of July 31, 2020 $ 1,183,441 $ 215,528 Additions 180,044 67,630 Revenue/commissions recognized ( 157,002 ) ( 39,400 ) Balance as of October 31, 2020 1,206,483 243,758 Additions 211,392 86,009 Revenue/commissions recognized ( 171,584 ) ( 46,562 ) Balance as of January 31, 2021 1,246,291 283,205 Additions 199,945 72,601 Revenue/commissions recognized ( 172,200 ) ( 46,244 ) Balance as of April 30, 2021 $ 1,274,036 $ 309,562 During the three and nine months ended April 30, 2020 , we recognized revenue of approximately $ 125.1 million and $ 293.4 million pertaining to amounts deferred as of January 31, 2020 and July 31, 2019, respectively. During the three and nine months ended April 30, 2021 , we recognized revenue of approximately $ 158.1 million and $ 453.3 million pertaining to amounts deferred as of January 31, 2021 and July 31, 2020, respectively. Many of our contracted but not invoiced performance obligations are subject to cancellation terms. Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized ("contracted not recognized"), which includes deferred revenue and non-cancelable amounts that will be invoiced and recognized as revenue in future periods and excludes performance obligations that are subject to cancellation terms. Contracted not recognized revenue was approximately $ 1,330.2 million as of April 30, 2021 , of which we expect to recognize approximately 48 % over the next 12 months, and the remainder thereafter.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 3. FAIR VAL UE MEASUREMENTS The fair value of our financial assets and liabilities measured on a recurring basis is as follows: As of July 31, 2020 Level I Level II Level III Total (in thousands) Financial Assets: Cash equivalents: Money market funds $ 142,936 $ — $ — $ 142,936 Commercial paper — 8,999 — 8,999 Short-term investments: Corporate bonds — 345,265 — 345,265 Commercial paper — 29,702 — 29,702 U.S. government securities — 26,074 — 26,074 Total measured at fair value $ 142,936 $ 410,040 $ — $ 552,976 Cash 166,802 Total cash, cash equivalents and short-term investments $ 719,778 As of April 30, 2021 Level I Level II Level III Total (in thousands) Financial Assets: Cash equivalents: Money market funds $ 57,443 $ — $ — $ 57,443 Commercial paper — 26,999 — 26,999 Corporate bonds — 2,007 — 2,007 Short-term investments: Corporate bonds — 534,209 — 534,209 Commercial paper — 351,699 — 351,699 U.S. Government securities — 94,237 — 94,237 Total measured at fair value $ 57,443 $ 1,009,151 $ — $ 1,066,594 Cash 188,227 Total cash, cash equivalents and short-term investments $ 1,254,821 Financial Instruments Not Recorded at Fair Value on a Recurring Basis We report our financial instruments at fair value, with the exception of the 0 % convertible senior notes, due in January 2023, (the "2023 Notes") and the 2.50 % convertible senior notes, due in 2026, (the "2026 Notes") (collectively, the "Notes"). Financial instruments that are not recorded at fair value on a recurring basis are measured at fair value on a quarterly basis for disclosure purposes. The carrying values and estimated fair values of financial instruments not recorded at fair value are as follows: As of July 31, 2020 As of April 30, 2021 Carrying Estimated Fair Carrying Estimated Fair (in thousands) 2023 Notes $ 490,222 $ 529,385 $ 515,101 $ 568,899 2026 Notes — — 522,912 939,143 Total $ 490,222 $ 529,385 $ 1,038,013 $ 1,508,042 The carrying value of the 2023 Notes as of July 31, 2020 and April 30, 2021 was net of the unamortized debt discount of $ 80.3 million and $ 56.7 million, respectively, and unamortized debt issuance costs of $ 4.5 million and $3.2 million, respectively. The carrying value of the 2026 Notes as of April 30, 2021 includes $ 8.9 million of non-cash interest expense that was converted to the principal balance, net of the unamortized debt discount of $ 211.8 million and unamortized debt issuance costs of $ 24.2 million. The total estimated fair value of the 2023 Notes was determined based on the closing trading price per $ 100 of the 2023 Notes as of the last day of trading for the period. We consider the fair value of the 2023 Notes to be a Level 2 valuation due to the limited trading activity. The total estimated fair value of the 2026 Notes is based on a binomial model. We consider the fair value of the 2026 Notes to be a Level 3 valuation, as the 2026 Notes are not publicly traded. The Level 3 inputs used are the same as those used to determine the estimated fair value of the associated derivative liability, as detailed below. Derivative Liability The conversion feature of the 2026 Notes represents an embedded derivative. The 2026 Notes are not considered to be conventional debt and we determined that the embedded conversion feature was required to be bifurcated from the host debt and accounted for as a derivative liability, as the 2026 Notes are convertible into a variable number of shares until the conversion price becomes fixed in September 2021, based on the level of achievement of the associated financial performance metric. As such, the initial fair value of the derivative instrument was recorded as a liability in the condensed consolidated balance sheet with the corresponding amount recorded as a discount to the 2026 Notes upon issuance. The derivative liability is considered a Level 3 valuation and is recorded at its estimated fair value at the end of each reporting period, with the change in fair value recognized within other expense, net in the condensed consolidated statements of operations. The following table shows the estimated fair value of the derivative liability as of the issuance of the 2026 Notes and the change in fair value from issuance through April 30, 2021: Nine Months Ended (in thousands) Derivative liability at issuance of the 2026 Notes $ 230,910 Change in fair value 81,353 Derivative liability, end of period $ 312,263 We estimated the fair value of the derivative liability using a binomial model, with the following valuation inputs: As of September 24, 2020 April 30, 2021 Conversion ratio (1) Conversion price of $ 26.63 with a 37.552 conversion rate per $1,000 Conversion price of $ 27.75 with a 36.036 conversion rate per $1,000 Risk-free rate 0.4 % 0.9 % Discount rate (2) 9.0 % 6.3 % Volatility 42.7 % 40.0 % Stock price $ 21.26 $ 27.04 (1) The conversion ratio was estimated based on the latest forecast of the associated financial performance metric. (2) The discount rate was estimated based on the implied rate for the 2023 Notes as well as a credit analysis.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Apr. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance Sheet Components	NOTE 4. BALANCE SHEET COMPONENTS Short-Term Investments The amortized cost of our short-term investments approximates their fair value. Unrealized losses related to our short-term investments are generally due to interest rate fluctuations, as opposed to credit quality. However, we review individual securities that are in an unrealized loss position in order to evaluate whether or not they have experienced or are expected to experience credit losses that would result in a decline in fair value. As of July 31, 2020 and April 30, 2021, unrealized gains and losses from our short-term investments were not material and were not the result of a decline in credit quality. As a result, at July 31, 2020 and April 30, 2021, we did not record any credit losses for these investments. The following table summarizes the estimated fair value of our investments in marketable debt securities by their contractual maturity dates: As of (in thousands) Due within one year $ 832,232 Due in one to two years 147,913 Total $ 980,145 Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consists of the following: As of July 31, April 30, (in thousands) Prepaid operating expenses $ 31,690 $ 44,324 VAT receivables 8,381 8,219 Tenant improvement allowance receivables 8,557 — Other current assets 14,404 13,375 Total prepaid expenses and other current assets $ 63,032 $ 65,918 Property and Equipment, Net Property and equipment, net consists of the following: As of Estimated July 31, April 30, (in months) (in thousands) Computer, production, engineering and other equipment 36 $ 245,245 $ 286,629 Demonstration units 12 66,569 68,840 Leasehold improvements (1) 65,557 62,703 Furniture and fixtures 60 17,026 16,485 Total property and equipment, gross 394,397 434,657 Less: accumulated depreciation (2) ( 251,225 ) ( 301,265 ) Total property and equipment, net $ 143,172 $ 133,392 (1) Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term. (2) Includes a $ 1.2 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended January 31, 2020 and a $ 0.9 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended October 31, 2020. For additional information on these lease-related impairments, refer to Note 6. Depreciation expense related to our property and equipment was $ 19.8 million and $ 56.7 million for the three and nine months ended April 30, 2020 and $ 19.2 million and $ 57.5 million for the three and nine months ended April 30, 2021, respectively. Goodwill and Intangible Assets, Net There was no change in the carrying value of goodwill during the nine months ended April 30, 2021. Intangible assets, net consists of the following: As of July 31, April 30, (in thousands) Developed technology $ 79,300 $ 79,300 Customer relationships 8,860 8,860 Trade name 4,170 4,170 Total intangible assets, gross 92,330 92,330 Less: Accumulated amortization of developed technology ( 35,987 ) ( 47,070 ) Accumulated amortization of customer relationships ( 4,953 ) ( 6,123 ) Accumulated amortization of trade name ( 1,998 ) ( 2,780 ) Total accumulated amortization ( 42,938 ) ( 55,973 ) Total intangible assets, net $ 49,392 $ 36,357 Amortization expense related to our intangible assets is being recognized in the condensed consolidated statements of operations within product cost of revenue for developed technology and sales and marketing expense for customer relationships and trade name. The estimated future amortization expense of our intangible assets is as follows: Fiscal Year Ending July 31: Amount (in thousands) 2021 (remaining three months) $ 4,345 2022 16,183 2023 10,856 2024 3,210 2025 1,763 Total $ 36,357 Accrued Compensation and Benefits Accrued compensation and benefits consists of the following: As of July 31, April 30, (in thousands) Accrued commissions $ 33,503 $ 39,398 Accrued vacation 24,006 29,326 Payroll taxes payable 10,742 20,008 Contributions to ESPP withheld 16,563 11,302 Accrued benefits 8,426 10,308 Accrued bonus 5,568 8,607 Other 10,301 9,996 Total accrued compensation and benefits $ 109,109 $ 128,944 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consists of the following: As of July 31, April 30, (in thousands) Income taxes payable $ 9,703 $ 8,834 Accrued professional services 3,006 4,907 Other 13,215 14,329 Total accrued expenses and other current liabilities $ 25,924 $ 28,070

Convertible Senior Notes

Convertible Senior Notes	9 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Convertible Senior Notes	NOTE 5. CONVERTI BLE SENIOR NOTES 2023 Notes In January 2018, we issued the 2023 Notes with a 0 % interest rate for an aggregate principal amount of $ 575.0 million, due in 2023, in a private placement to qualified institutional buyers pursuant to Rule144A under the Securities Act. This included $ 75.0 million in aggregate principal amount of the 2023 Notes that we issued resulting from initial purchasers fully exercising their option to purchase additional notes. There are no required principal payments prior to the maturity of the 2023 Notes. The total net proceeds from the 2023 Notes are as follows: Amount (in thousands) Principal amount $ 575,000 Less: initial purchasers' discount ( 10,781 ) Less: cost of the bond hedges ( 143,175 ) Add: proceeds from the sale of warrants 87,975 Less: other issuance costs ( 707 ) Net proceeds $ 508,312 The 2023 Notes do not bear any interest and will mature on January 15, 2023, unless earlier converted or repurchased in accordance with their terms. The 2023 Notes are unsecured and do not contain any financial covenants or any restrictions on the payment of dividends, or the issuance or repurchase of securities by us. Each $1,000 of principal of the 2023 Notes will initially be convertible into 20.4705 shares of our Class A common stock, which is equivalent to an initial conversion price of approximately $ 48.85 per share, subject to adjustment upon the occurrence of specified events. Holders of these Notes may convert their Notes at their option at any time prior to the close of the business day immediately preceding October 15, 2022, only under the following circumstances: (1) during any fiscal quarter commencing after the fiscal quarter ending on April 30, 2018 (and only during such fiscal quarter), if the last reported sale price of our Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter, is greater than or equal to 130 % of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the "measurement period") in which the trading price per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98 % of the product of the last reported sale price of our Class A common stock and the conversion rate for the 2023 Notes on each such trading day; or (3) upon the occurrence of certain specified corporate events. Based on the closing price of our Class A common stock of $ 27.04 on April 30, 2021 , the if-converted value of the 2023 Notes was lower than the principal amount. The price of our Class A common stock was not greater than or equal to 130 % of the conversion price for 20 or more trading days during the 30 consecutive trading days ending on the last trading day of the quarter ended April 30, 2021. As such, the 2023 Notes are not convertible for the fiscal quarter commencing after April 30, 2021. On or after October 15, 2022, holders may convert all or any portion of their Notes at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date, regardless of the foregoing conditions. Upon conversion of the 2023 Notes, we will pay or deliver, as the case may be, cash, shares of our Class A common stock or a combination of cash and shares of Class A common stock, at our election. We intend to settle the principal of the 2023 Notes in cash. The conversion rate will be subject to adjustment in some events, but will not be adjusted for any accrued or unpaid interest. A holder who converts their 2023 Notes in connection with certain corporate events that constitute a "make-whole fundamental change" per the indenture governing the 2023 Notes are, under certain circumstances, entitled to an increase in the conversion rate. In addition, if we undergo a fundamental change prior to the maturity date, holders may require us to repurchase for cash all or a portion of their 2023 Notes at a repurchase price equal to 100 % of the principal amount of the repurchased 2023 Notes, plus accrued and unpaid interest. We may not redeem the 2023 Notes prior to the maturity date, and no sinking fund is provided for the 2023 Notes. In accounting for the issuance of the 2023 Notes, we separated the 2023 Notes into liability and equity components. The carrying amount of the liability component of approximately $ 423.4 million was calculated by measuring the fair value of a similar liability that does not have an associated convertible feature. The carrying amount of the equity component of approximately $ 151.6 million, representing the conversion option, was determined by deducting the fair value of the liability component from the par value of the 2023 Notes. The difference between the principal amount of the 2023 Notes and the liability component (the "debt discount") is amortized to interest expense using the effective interest method over the term of the 2023 Notes. The equity component of the 2023 Notes is included in additional paid-in capital in the condensed consolidated balance sheets and is not remeasured as long as it continues to meet the conditions for equity classification. We incurred transaction costs related to the issuance of the 2023 Notes of approximately $ 11.5 million, consisting of an initial purchasers' discount of $ 10.8 million and other issuance costs of approximately $ 0.7 million. In accounting for the transaction costs, we allocated the total amount incurred to the liability and equity components using the same proportions as the proceeds from the 2023 Notes. Transaction costs attributable to the liability component were approximately $ 8.5 million, recorded as debt issuance costs (presented as contra debt in the condensed consolidated balance sheets), and are being amortized to interest expense over the term of the 2023 Notes. The transaction costs attributable to the equity component were approximately $ 3.0 million and were net with the equity component within stockholders’ equity. The 2023 Notes consisted of the following: As of July 31, April 30, (in thousands) Principal amounts: Principal $ 575,000 $ 575,000 Unamortized debt discount (1) ( 80,298 ) ( 56,734 ) Unamortized debt issuance costs (1) ( 4,480 ) ( 3,165 ) Net carrying amount $ 490,222 $ 515,101 Carrying amount of equity component (2) $ 148,598 $ 148,598 (1) Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2023 Notes using the effective interest rate method. The effective interest rate is 6.62 %. (2) Included in the condensed consolidated balance sheets within additional paid-in capital, net of $ 3.0 million in equity issuance costs. As of April 30, 2021 , the remaining life of the 2023 Notes was approximately 20 months . The following table sets forth the total interest expense recognized related to the 2023 Notes: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Interest expense related to amortization of debt discount $ 7,475 $ 7,985 $ 22,059 $ 23,564 Interest expense related to amortization of debt issuance 417 446 1,231 1,315 Total interest expense $ 7,892 $ 8,431 $ 23,290 $ 24,879 Note Hedges and Warrants Concurrently with the offering of the 2023 Notes in January 2018, we entered into convertible note hedge transactions with certain bank counterparties, whereby we have the initial option to purchase a total of approximately 11.8 million shares of our Class A common stock at a conversion price of approximately $ 48.85 per share, subject to adjustment for certain specified events. The total cost of the convertible note hedge transactions was approximately $ 143.2 million. In addition, we sold warrants to certain bank counterparties, whereby the holders of the warrants have the initial option to purchase a total of approximately 11.8 million shares of our Class A common stock at a price of $ 73.46 per share, subject to adjustment for certain specified events. We received approximately $ 88.0 million in cash proceeds from the sale of these warrants. Taken together, the purchase of the convertible note hedges and the sale of warrants are intended to offset any actual dilution from the conversion of the 2023 Notes and to effectively increase the overall conversion price from $ 48.85 to $ 73.46 per share. As these transactions meet certain accounting criteria, the convertible note hedges and warrants are recorded within stockholders’ equity and are not accounted for as derivatives. The net cost incurred in connection with the convertible note hedge and warrant transactions of approximately $ 55.2 million was recorded as a reduction to additional paid-in capital in the condensed consolidated balance sheets as of July 31, 2020 and April 30, 2021. The fair value of the note hedges and warrants are not remeasured each reporting period. The amounts paid for the note hedges were tax deductible expenses, while the proceeds received from the warrants were not taxable. Impact to Earnings per Share The 2023 Notes will have no impact on diluted earnings per share ("EPS") until they meet the criteria for conversion, as discussed above, as we intend to settle the principal amount of the 2023 Notes in cash upon conversion. Under the treasury stock method, in periods when we report net income, we are required to include the effect of additional shares that may be issued under the 2023 Notes when the price of our Class A common stock exceeds the conversion price. Under this method, the cumulative dilutive effect of the 2023 Notes would be approximately 3.9 million shares if the average price of our Class A common stock was $ 73.46 . However, upon conversion, there will be no economic dilution from the 2023 Notes, as exercise of the note hedges eliminate any dilution that would have otherwise occurred. The note hedges are required to be excluded from the calculation of diluted earnings per share, as they would be antidilutive under the treasury stock method. The warrants will have a dilutive effect when the average share price exceeds the warrant strike price of $ 73.46 per share. As the price of our Class A common stock continues to increase above the warrant strike price, additional dilution would occur at a declining rate so that a $10 increase from the warrant strike price would yield a cumulative dilution of approximately 4.9 million diluted shares for EPS purposes. However, upon conversion, the note hedges would neutralize the dilution from the 2023 Notes so that there would only be dilution from the warrants, which would result in an actual dilution of approximately 1.4 million shares at a common stock price of $ 83.46 . 2026 Notes In August 2020, we entered into an investment agreement (the "Investment Agreement") with BCPE Nucleon (DE) SVP, LP, an entity affiliated with Bain Capital, LP ("Bain") relating to the issuance and sale to Bain of $ 750.0 million in aggregate principal amount of the 2026 Notes. The total net proceeds from this offering were approximately $ 723.7 million, after deducting $ 26.3 million of debt issuance costs. The 2026 Notes bear interest at a rate of 2.5 % per annum, with such interest to be paid in kind ("PIK") on the 2026 Notes held by Bain through an increase in the principal amount of the 2026 Notes, and paid in cash on any 2026 Notes transferred to entities that are not affiliated with Bain. Interest on the 2026 Notes will accrue from the date of issuance (September 24, 2020) and be added to the principal amount on a semi-annual basis (March 15 and September 15 of each year, beginning on March 15, 2021). The 2026 Notes mature on September 15, 2026, subject to earlier conversion, redemption or repurchase. Pursuant to the Investment Agreement, and subject to certain exceptions, Bain will be restricted from transferring or entering into an agreement that transfers the economic consequences of ownership of the 2026 Notes or converting the 2026 Notes prior to the earlier of (i) the one-year anniversary of the original issue date of the 2026 Notes or (ii) immediately prior to the consummation of a change of control or entry into a definitive agreement for a transaction that, if consummated, would result in a change of control or fundamental change, as defined in the indenture governing the 2026 Notes. Exceptions to such restrictions on transfer include, among others: (a) transfers to affiliates of Bain, (b) transfers to us or any of our subsidiaries, (c) transfers to a third party where the net proceeds of such sale are solely used to satisfy a margin call or repay a permitted loan, or (d) transfers in connection with certain merger and acquisition events. The 2026 Notes will be convertible into our shares of Class A common stock based on an initial conversion rate of 36.036 shares of common stock per $ 1,000 principal amount of the 2026 Notes, which is equal to an initial conversion price of $ 27.75 per share, subject to customary anti-dilution and other adjustments, including in connection with any make-whole adjustments as a result of certain extraordinary transactions. In addition, at the one-year anniversary of the 2026 Notes, depending on the level of achievement of certain financial milestones, the conversion price is subject to a one-time adjustment, on a sliding scale in the range of $ 25.25 to $ 27.75 per share, at which time the conversion price will become fixed. Upon conversion of the 2026 Notes, we will pay or deliver, as the case may be, cash, shares of our Class A common stock or a combination of cash and shares of our Class A common stock, at our election. On or after September 15, 2025, the 2026 Notes will be redeemable by us in the event that the closing sale price of our Class A common stock has been at least 150 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the we provide the redemption notice at a redemption price of 100 % of the principal amount of such 2026 Notes, plus any accrued and unpaid interest to, but excluding, the redemption date. With certain exceptions, upon a change of control or a fundamental change, the holders of the 2026 Notes may require us to repurchase all or part of the principal amount of the 2026 Notes at a repurchase price equal to 100 % of the principal amount of the 2026 Notes, plus any accrued and unpaid interest to, but excluding, the repurchase date, or holders can convert with an increase in the conversion rate to reflect a make-whole premium. In accordance with accounting guidance on embedded conversion features, we valued and bifurcated the conversion option associated with the 2026 Notes from the respective host debt instrument, which is treated as a debt discount, and initially recorded the conversion option of $ 230.9 million as a derivative liability in our condensed consolidated balance sheet, with the corresponding amount recorded as a discount to the 2026 Notes to be amortized over the term of the 2026 Notes using the effective interest method. The 2026 Notes consisted of the following: As of April 30, 2021 (in thousands) Principal amounts: Principal $ 750,000 Non-cash interest expense converted to principal 8,906 Unamortized debt discount (conversion feature) (1) ( 211,795 ) Unamortized debt issuance costs (1) ( 24,199 ) Net carrying amount $ 522,912 (1) Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2026 Notes using the effective interest rate method. The effective interest rate is 7.05 %. As of April 30, 2021, the remaining life of the 2026 Notes was approximately 5.4 years . The following table sets forth the total interest expense recognized related to the 2026 Notes: Three Months Nine Months April 30, 2021 (in thousands) Interest expense related to amortization of debt discount $ 8,034 $ 19,115 Interest expense related to amortization of debt issuance costs 917 2,184 Non-cash interest expense 4,716 11,331 Total interest expense $ 13,667 $ 32,630 Non-cash interest expense is related to the 2.5 % PIK interest that we accrued from the issuance of the 2026 Notes through April 30, 2021 and was recognized within other expense, net in the condensed consolidated statement of operations and other liabilities–non-current in the condensed consolidated balance sheet. The accrued PIK interest will be converted to the principal balance of the 2026 Notes at each payment date and will be convertible to shares at maturity or when converted. Impact to Earnings per Share The 2026 Notes will have no impact on diluted EPS until the average price of our Class A common stock is greater than the conversion price, discussed above, as we intend to settle the principal amount of the 2026 Notes in cash upon conversion. Under the treasury stock method, in periods when we report net income, we are required to include the effect of additional shares that may be issued under the 2026 Notes when the price of our Class A common stock exceeds the conversion price. During the nine months ended April 30, 2021 , the average price of our Class A common stock did not exceed the conversion price of the 2026 Notes.

Leases

Leases	9 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Leases	NOTE 6. LEASES We have operating leases for offices, research and development facilities and datacenters and finance leases for certain datacenter equipment. Our leases have remaining lease terms of one year to approximately eight years , some of which include options to renew or terminate. We do not include renewal options in the lease terms for calculating our lease liability, as we are not reasonably certain that we will exercise these renewal options at the time of the lease commencement. Our lease agreements do not contain any residual value guarantees or restrictive covenants. Total operating lease cost was $ 10.0 million and $ 28.9 million for the three and nine months ended April 30, 2020 and $ 10.8 million and $ 31.7 million for the three and nine months ended April 30, 2021 , respectively, excluding short-term lease costs, variable lease costs and sublease income, each of which were not material. Variable lease costs primarily include common area maintenance charges. Total finance lease cost was $ 0.3 million and $ 0.4 million for the three and nine months ended April 30, 2021, respectively. During the second quarter of fiscal 2020, we ceased using certain office spaces internationally. As the carrying value of the related right-of-use assets exceeded fair value, we recorded a $ 3.0 million impairment in our consolidated statements of operations for the fiscal year ended July 31, 2020. Of the $ 3.0 million impairment, approximately $ 1.8 million relates to the impairment of our operating lease right-of-use assets and approximately $ 1.2 million relates to the impairment of leasehold improvements. During the first quarter of fiscal 2021, we recorded additional impairment charges related to certain of our international office spaces, as well as an impairment charge related to an office space in the United States. We recorded a $ 2.8 million impairment in our condensed consolidated statement of operations for the nine months ended April 30, 2021. Of the $2.8 million impairment, approximately $ 1.9 million relates to the impairment of our operating lease right-of-use assets and approximately $ 0.9 million relates to the impairment of leasehold improvements. Additional charges related to asset impairments may be recorded in the future. Supplemental balance sheet information related to leases is as follows: As of April 30, 2021 (in thousands) Operating leases: Operating lease right-of-use assets, gross $ 169,916 Accumulated amortization ( 57,709 ) Operating lease right-of-use assets, net $ 112,207 Operating lease liabilities—current $ 42,411 Operating lease liabilities—non-current 96,342 Total operating lease liabilities $ 138,753 Weighted average remaining lease term (in years): 3.3 Weighted average discount rate: 5.4 % As of April 30, 2021 (in thousands) Finance leases: Finance lease right-of-use assets, gross (1) $ 6,095 Accumulated amortization (1) ( 334 ) Finance lease right-of-use assets, net (1) $ 5,761 Finance lease liabilities—current (2) $ 1,202 Finance lease liabilities—non-current (3) 4,567 Total finance lease liabilities $ 5,769 Weighted average remaining lease term (in years): 4.8 Weighted average discount rate: 7.0 % (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other current liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities—non-current. Supplemental cash flow and other information related to leases is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 9,157 $ 11,860 $ 30,593 $ 34,234 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 5,499 $ — $ 41,888 $ 13,538 Finance leases $ — $ 253 $ — $ 342 The undiscounted cash flows for our operating lease liabilities as of April 30, 2021 were as follows: Fiscal Year Ending July 31: Operating Finance Total (in thousands) 2021 (remaining three months) $ 12,421 $ 311 $ 12,732 2022 48,683 1,245 49,928 2023 47,495 1,245 48,740 2024 32,890 1,245 34,135 2025 7,178 1,245 8,423 Thereafter 4,649 578 5,227 Total lease payments 153,316 5,869 159,185 Less: imputed interest ( 14,563 ) ( 100 ) ( 14,663 ) Total lease obligation 138,753 5,769 144,522 Less: current lease obligations ( 42,411 ) ( 1,202 ) ( 43,613 ) Long-term lease obligations $ 96,342 $ 4,567 $ 100,909 As of April 30, 2021 , we had additional operating lease commitments of approximately $ 3.0 million on an undiscounted basis for certain office leases that have not yet commenced. These operating leases will commence during the remainder of fiscal 2021 and fiscal 2022, with lease terms of approximately one to three years .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Apr. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7. COMMITMENTS AND CONTINGENCIES Purchase Commitments In the normal course of business, we make commitments with our OEMs to ensure them a minimum level of financial consideration for their investment in our joint solutions. These commitments are based on revenue targets or on-hand inventory and non-cancelable purchase orders for non-standard components. We record a charge related to these items when we determine that it is probable a loss will be incurred and we are able to estimate the amount of the loss. Our historical charges have not been material. As of April 30, 2021 , we had up to approximately $ 66.4 million of non-cancelable purchase obligations and other commitments pertaining to our daily business operations, and up to approximately $ 66.4 million in the form of guarantees to certain of our OEMs. Legal Proceedings Securities Class Actions . Beginning on March 29, 2019, several purported securities class actions were filed in the United States District Court for the Northern District of California against us and two of our officers. The initial complaints generally alleged that the defendants made false and misleading statements in violation of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b-5. In July 2019, the court consolidated the actions into a single action, and appointed a lead plaintiff, who then filed a consolidated amended complaint (the "Original Complaint"). The action was brought on behalf of those who purchased or otherwise acquired our stock between November 30, 2017 and May 30, 2019, inclusive. The defendants subsequently filed a motion to dismiss the Original Complaint, which the court granted on March 9, 2020, while providing the lead plaintiff leave to amend. On April 17, 2020, the lead plaintiff filed a second amended complaint (the "Current Complaint"), again naming us and two of our officers as defendants. The Current Complaint alleges the same class period, includes many of the same factual allegations as the Original Complaint, and again alleges that the defendants violated Sections 10(b) and 20(a) of the Exchange Act, as well as SEC Rule 10b-5. The Current Complaint seeks monetary damages in an unspecified amount. On September 11, 2020, the court denied our motion to dismiss the Current Complaint and held that the lead plaintiff adequately stated a claim with respect to certain statements regarding our new customer growth and sales productivity. On January 27, 2021, lead plaintiff, Shimon Hedvat, filed a motion to (i) withdraw as lead plaintiff and (ii) substitute proposed new lead plaintiffs and approve their appointment of a new co-lead counsel. On March 1, 2021, the court granted the lead plaintiff’s motion to withdraw as lead plaintiff but denied without prejudice his motion to substitute proposed new lead plaintiffs. The court also reopened the lead plaintiff selection process. The court has not yet selected a new lead plaintiff. On May 28, 2021, one of the movants for lead plaintiff, John P. Norton on behalf of the Norton Family Living Trust UAD 11/15/2002, filed a separate class action complaint in the Northern District of California on behalf of a class of persons or entities who transacted in publicly traded call options and/or put options of Nutanix during the period from November 30, 2017 and May 30, 2019, containing allegations substantively the same as those alleged in the Current Complaint. The litigation is still in early stages, and we plan to continue to vigorously defend against the allegations and we are not able to determine what, if any, liabilities will attach to the Current Complaint. Shareholder Derivative Actions. Beginning on July 1, 2019, several shareholder derivative complaints were filed in each of the U.S. District Court for the Northern District of California, the Superior Court of California for the County of San Mateo and the Superior Court of California for the County of Santa Clara, naming (i) fourteen of Nutanix’s current and former officers and directors as defendants and (ii) the Company as a nominal defendant. The complaints generally alleged claims for breach of fiduciary duty, waste of corporate assets and unjust enrichment, all based on the same general underlying allegations that are contained in the securities class actions described above. The Superior Court complaints additionally alleged insider trading and violation of California Corporations Code Section 25402, and the Santa Clara County Superior Court complaints further included additional claims for "abuse of control" and "gross mismanagement." In August 2019, the Superior Court of California for the County of Santa Clara consolidated the Santa Clara derivative actions into a single action and, in January 2020, the court stayed the consolidated Santa Clara action in deference to the federal derivative actions described above. On March 8, 2021, pursuant to the parties’ stipulation, the matter was dismissed, and with prejudice with respect to plaintiffs’ standing to pursue derivative claims based on allegations of demand futility. On September 17, 2019, the Superior Court of California for the County of San Mateo granted the plaintiff’s request for voluntary dismissal without prejudice. On January 7, 2020, the U.S. District Court for the Northern District of California consolidated the federal actions and, on March 6, 2020, the plaintiffs filed a stipulation designating a lead plaintiff and deeming the lead plaintiff’s original complaint as the designated complaint in the matter. On April 22, 2020, (i) the individual defendants filed a motion to dismiss the designated complaint on the grounds that it fails to state a claim, and (ii) we filed a motion to dismiss the designated complaint on the grounds that the plaintiffs failed to make a demand on our Board of Directors before filing the designated complaint. In response, the plaintiffs filed an amended complaint on June 17, 2020, which defendants moved to dismiss. On October 5, 2020, the court granted the motions to dismiss the amended complaint, while providing the plaintiffs leave to amend their complaint. In lieu of filing an amended complaint, the stockholders in the federal derivative actions have made a demand on our Board of Directors to investigate the allegations underlying the securities class action matters, and the parties subsequently filed a stipulation with the court to have the federal derivative lawsuit dismissed. On December 22, 2020, pursuant to the parties’ stipulation, the matter was dismissed in toto and with prejudice with respect to plaintiffs’ standing to pursue derivative claims based on allegations of demand futility. We are not currently a party to any other legal proceedings that we believe to be material to our business or financial condition. From time to time, we may become party to various litigation matters and subject to claims that arise in the ordinary course of business.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Apr. 30, 2021
Equity [Abstract]
Stockholders' Equity	NOTE 8. STOCKHO LDERS’ EQUITY We have two classes of authorized common stock, Class A common stock and Class B common stock. As of April 30, 2021 , we had one billion shares of Class A common stock authorized, with a par value of $ 0.000025 per share, and 200 million shares of Class B common stock authorized, with a par value of $ 0.000025 per share. As of April 30, 2021 , we had 202.2 million shares of Class A common stock issued and outstanding and 9.3 million shares of Class B common stock issued and outstanding. Holders of Class A common stock are entitled to one vote for each share of Class A common stock held on all matters submitted to a vote of stockholders. Holders of Class B common stock are entitled to 10 votes for each share of Class B common stock held on all matters submitted to a vote of stockholders. Except with respect to voting, the rights of the holders of Class A and Class B common stock are identical. Shares of Class B common stock are voluntarily convertible into shares of Class A common stock at the option of the holder and are generally automatically converted into shares of our Class A common stock upon a sale or transfer. Shares issued in connection with exercises of stock options, vesting of restricted stock units, or shares purchased under the employee stock purchase plan are generally automatically converted into shares of our Class A common stock. Shares issued in connection with an exercise of common stock warrants are converted into shares of our Class B common stock. Share Repurchase In August 2020, our Board of Directors authorized the repurchase of up to $ 125.0 million of our Class A common stock. Repurchases were made through open market purchases or privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program did not obligate us to acquire any particular amount of our common stock, and could have been suspended at any time at our discretion. During the nine months ended April 30, 2021, we repurchased 5.2 million shares of common stock in open market transactions at an average price of $ 24.15 per share, for an aggregate purchase price of $ 125.0 million. As of April 30, 2021 , there is no remaining authorization and the program has expired, as our Board of Directors does not plan to authorize any additional share repurchases in the foreseeable future.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
	Apr. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Incentive Plans	NOTE 9. EQUITY INCENTIVE PLANS Stock Plans We have three equity incentive plans, the 2010 Stock Plan ("2010 Plan"), 2011 Stock Plan ("2011 Plan") and 2016 Equity Incentive Plan ("2016 Plan"). Our stockholders approved the 2016 Plan in March 2016 and it became effective in connection with our initial public offering ("IPO"). As a result, at the time of the IPO, we ceased granting additional stock awards under the 2010 Plan and 2011 Plan and both plans were terminated. Any outstanding stock awards under the 2010 Plan and 2011 Plan will remain outstanding, subject to the terms of the applicable plan and award agreements, until such shares are issued under those stock awards, by exercise of stock options or settlement of restricted stock units ("RSUs"), or until those stock awards become vested or expired by their terms. Under the 2016 Plan, we may grant incentive stock options, non-statutory stock options, restricted stock, RSUs and stock appreciation rights to employees, directors and consultants. We initially reserved 22.4 million shares of our Class A common stock for issuance under the 2016 Plan. The number of shares of Class A common stock available for issuance under the 2016 Plan will also include an annual increase on the first day of each fiscal year, beginning in fiscal 2018, equal to the lesser of: 18.0 million shares, 5 % of the outstanding shares of all classes of common stock as of the last day of our immediately preceding fiscal year, or such other amount as may be determined by the Board. Accordingly, on August 1, 2019 and 2020, the number of shares of Class A common stock available for issuance under the 2016 Plan increased by 9.4 million and 10.1 million shares, respectively, pursuant to these provisions. As of April 30, 2021 , we had reserved a total of 42.2 million shares for the issuance of equity awards under the Stock Plans, of which 13.9 million shares were still available for grant. Restricted Stock Units Performance RSUs — We have granted RSUs that have both service and performance conditions to our executives and employees ("Performance RSUs"). Vesting of Performance RSUs is subject to continuous service and the satisfaction of certain performance targets. While we recognize cumulative stock-based compensation expense for the portion of the awards for which both the service condition has been satisfied and it is probable that the performance conditions will be met, the actual vesting and settlement of Performance RSUs are subject to the performance conditions actually being met. Market Stock Units — Due to the departure of our former Chief Executive Officer (“CEO”) in December 2020, the 300,000 RSUs subject to certain market conditions ("MSUs") that were previously granted in October 2018 and December 2019 were forfeited. In connection with his hiring, in December 2020, the Compensation Committee of our Board of Directors approved the grant of 703,117 MSUs to our new CEO. These MSUs have a weighted average grant date fair value per unit of $ 35.69 and will vest up to 133 % based upon the achievement of certain stock price targets over a performance period of approximately 4.0 years, subject to his continuous service on each vesting date. In order to align with the MSUs granted to our new CEO, in December 2020, the Compensation Committee of our Board of Directors modified the vesting conditions for the 75,000 MSUs previously granted to another of our executives. These modified MSUs have a weighted average grant date fair value per unit of $ 27.54 and will vest based upon the achievement of a modified stock price target over the original performance period of approximately 3.9 years, subject to continuous service on each vesting date. The incremental compensation cost resulting from this modification was not material. We used Monte Carlo simulations to calculate the fair value of these awards on the grant date. A Monte Carlo simulation requires the use of various assumptions, including the stock price volatility and risk-free interest rate as of the valuation date corresponding to the length of time remaining in the performance period and expected dividend yield. We recognize stock-based compensation expense related to these MSUs using the graded vesting attribution method over the respective performance periods. As of April 30, 2021 , 423,915 MSUs remained outstanding. Below is a summary of RSU activity, including MSUs, under the Stock Plans: Number of Grant Date (in thousands) Outstanding at July 31, 2020 22,632 $ 32.70 Granted 12,988 $ 29.38 Released ( 7,589 ) $ 32.43 Forfeited ( 3,583 ) $ 31.56 Outstanding at April 30, 2021 24,448 $ 31.19 Stock Options We did no t grant any stock options during the nine months ended April 30, 2021 . A total of 3.2 million stock options were exercised during the nine months ended April 30, 2021 , with an average exercise price per share of $ 3.82 . As of April 30, 2021 , 3.9 million stock options, with a weighted average exercise price of $ 5.25 per share, a weighted average remaining contractual life of 3.0 years and an aggregate intrinsic value of $ 84.1 million, remained outstanding. Employee Stock Purchase Plan In December 2015, the Board adopted the 2016 Employee Stock Purchase Plan, which was subsequently amended in January 2016 and September 2016 and approved by our stockholders in March 2016 ("Original 2016 ESPP"). The Original 2016 ESPP became effective in connection with our IPO. On December 13, 2019, during our 2019 Annual Meeting of Stockholders, our stockholders approved certain amendments to the Original 2016 ESPP. Under the amended and restated Original 2016 ESPP ("2016 ESPP"), the maximum number of shares of Class A common stock available for sale is 11.5 million shares, representing an increase of 9.2 million shares. The 2016 ESPP allows eligible employees to purchase shares of our Class A common stock at a discount through payroll deductions of up to 15 % of eligible compensation, subject to caps of $ 25,000 in any calendar year and 1,000 shares on any purchase date. The 2016 ESPP provides for 12-month offering periods, generally beginning in March and September of each year, and each offering period consists of two six-month purchase periods. On each purchase date, participating employees will purchase Class A common stock at a price per share equal to 85 % of the lesser of the fair market value of our Class A common stock on (i) the first trading day of the applicable offering period or (ii) the last trading day of each purchase period in the applicable offering period. If the stock price of our Class A common stock on any purchase date in an offering period is lower than the stock price on the enrollment date of that offering period, the offering period will immediately reset after the purchase of shares on such purchase date and automatically roll into a new offering period. During the nine months ended April 30, 2021 , 4.0 million shares of common stock were purchased under the 2016 ESPP for an aggregate amount of $ 50.2 million. As of April 30, 2021 , 5.2 million shares were available for future issuance under the 2016 ESPP. We use the Black-Scholes option pricing model to determine the fair value of shares purchased under the 2016 ESPP with the following weighted average assumptions on the date of grant: Nine Months Ended 2020 2021 Expected term (in years) 0.92 0.78 Risk-free interest rate 0.1 % 0.1 % Volatility 73.4 % 56.9 % Dividend yield — % — % Stock-Based Compensation Total stock-based compensation expense recognized in the condensed consolidated statements of operations is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Cost of revenue: Product $ 1,367 $ 1,291 $ 3,937 $ 4,454 Support, entitlements and other services 5,959 6,337 15,850 17,862 Sales and marketing 33,177 30,743 92,137 93,001 Research and development 39,462 40,802 113,484 114,747 General and administrative 12,131 16,113 33,729 38,874 Total stock-based compensation expense $ 92,096 $ 95,286 $ 259,137 $ 268,938 As of April 30, 2021 , unrecognized stock-based compensation expense related to outstanding stock awards was approximately $ 720.2 million and is expected to be recognized over a weighted average period of approximately 2.6 years.

Income Taxes

Income Taxes	9 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10. IN COME TAXES The income tax provisions of $ 4.9 million and $ 13.4 million for the three and nine months ended April 30, 2020 and $ 4.4 million and $ 13.8 million for the three and nine months ended April 30, 2021 , respectively, primarily consisted of foreign taxes on our international operations and U.S. state income taxes. We continue to maintain a full valuation allowance for our U.S. Federal and state deferred tax assets and a partial valuation allowance related to our foreign net deferred tax assets.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 11. NET L OSS PER SHARE Basic net income (loss) per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by giving effect to potentially dilutive common stock equivalents outstanding during the period, as their effect would be dilutive. Potentially dilutive common shares include participating securities and shares issuable upon the exercise of stock options, the exercise of common stock warrants, the exercise of convertible preferred stock warrants, the vesting of RSUs and each purchase under the 2016 ESPP, under the treasury stock method. In loss periods, basic net loss per share and diluted net loss per share are the same, as the effect of potential common shares is antidilutive and therefore excluded. The rights, including the liquidation and dividend rights, of the holders of our Class A and Class B common stock are identical, except with respect to voting. As the liquidation and dividend rights are identical, our undistributed earnings or losses are allocated on a proportionate basis among the holders of both Class A and Class B common stock. As a result, the net income (loss) per share attributed to common stockholders will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis. The computation of basic and diluted net loss per share attributable to Class A and Class B common stockholders is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands, except per share data) Numerator: Net loss $ ( 240,671 ) $ ( 123,640 ) $ ( 687,535 ) $ ( 676,078 ) Denominator: Weighted average shares—basic and diluted 196,366 207,715 192,896 204,407 Net loss per share attributable to common stockholders— $ ( 1.23 ) $ ( 0.60 ) $ ( 3.56 ) $ ( 3.31 ) The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows: Nine Months Ended 2020 2021 (in thousands) Outstanding stock options and RSUs 32,525 28,305 Employee stock purchase plan 4,472 3,048 Contingently issuable shares pursuant to business combinations 506 253 Common stock warrants 34 — Total 37,537 31,606

Segment Information

Segment Information	9 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Segment Information	NOTE 12. SEGME NT INFORMATION Our chief operating decision maker is a group which is comprised of our Chief Executive Officer and Chief Financial Officer. This group reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, we have a single reportable segment. The following table sets forth revenue by geographic location based on bill-to location: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) U.S. $ 166,780 $ 184,392 $ 533,919 $ 543,766 Europe, the Middle East and Africa 71,907 82,106 204,301 228,147 Asia Pacific 65,726 64,687 196,851 190,472 Other Americas 13,860 13,323 44,737 41,259 Total revenue $ 318,273 $ 344,508 $ 979,808 $ 1,003,644 As of July 3 1 , 2020 and April 30, 2021 , $ 136.7 million and $ 120.8 million, respectively, of our long-lived assets, net were located in the United States.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	9 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Principles of Consolidation and Significant Accounting Policies	Principles of Consolidation and Significant Accounting Policies The accompanying condensed consolidated financial statements, which include the accounts of Nutanix, Inc. and its wholly-owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") and are consistent in all material respects with those included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2020, filed with the Securities and Exchange Commission ("SEC") on September 23, 2020. All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements are unaudited, but include all adjustments of a normal recurring nature necessary for a fair presentation of our quarterly results. The consolidated balance sheet as of July 31, 2020 is derived from audited financial statements, however, it does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes in our Annual Report on Form 10-K for the fiscal year ended July 31, 2020 , which was filed with the SEC on September 23, 2020.
Use of Estimates	Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Such management estimates and assumptions include, but are not limited to, the best estimate of selling prices for products and related support; useful lives and recoverability of intangible assets and property and equipment; allowance for credit losses; determination of fair value of stock-based awards; accounting for income taxes, including the valuation allowance on deferred tax assets and uncertain tax positions; warranty liability; purchase commitment liabilities to our OEMs; sales commissions expense and the period of benefit for deferred commissions; whether an arrangement is or contains a lease; the incremental borrowing rate to measure the present value of operating right-of-use assets and lease liabilities; the inputs used to determine the fair value of the contingent liability associated with the conversion feature of the convertible senior notes due in 2026; and contingencies and litigation. Management evaluates these estimates and assumptions on an ongoing basis using historical experience and other factors and makes adjustments when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions. In response to the ongoing and rapidly evolving COVID-19 pandemic, we considered the impact of the estimated economic implications on our critical and significant accounting estimates, including assessment of collectibility of customer contracts, valuation of accounts receivable, provision for purchase commitments to our OEMs and impairment of long-lived assets, right-of-use assets, and deferred commissions.
Concentration Risk	Concentration of Risk Concentration of revenue and accounts receivable —We sell our products primarily through our Partners and occasionally directly to end customers. For the three and nine months ended April 30, 2020 and 2021, no end customer accounted for more than 10% of total revenue or accounts receivable. For each significant Partner, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable, net are as follows: Revenue Three Months Ended Nine Months Ended Accounts Receivable Partners 2020 2021 2020 2021 July 31, April 30, Partner A 29 % 33 % 29 % 32 % 33 % 35 % Partner B 14 % 15 % 14 % 14 % 16 % 14 % Partner C (1) (1) (1) (1) (1) 10 % Partner D (1) (1) (1) 10 % (1) (1) (1) Less than 10%
Derivative Liability	Derivative Liability We evaluate convertible notes or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under the relevant sections of Accounting Standards Codification ("ASC") 815-40, Derivatives and Hedging: Contracts in Entity’s Own Equity. The result of this accounting guidance could result in the fair value of a financial instrument being classified as a derivative instrument and recorded at fair market value at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the condensed consolidated statements of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity.
Recently Adopted and Recently Issued and Not Yet Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost, including trade receivables. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model that requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. We adopted this new standard effective August 1, 2020 and the adoption did not have a material impact on our condensed consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement, which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of the FASB's disclosure framework project. We adopted this new standard effective August 1, 2020 and the adoption did not have a material impact on our quarterly or annual disclosures. Recently Issued and Not Yet Adopted Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. Under ASU 2020-06 the embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost and convertible preferred stock will be accounted for as a single equity instrument measured at its historical cost, as long as no other features require bifurcation and recognition as derivatives. By removing those separation models, the interest rate of convertible debt instruments typically will be closer to the coupon interest rate. ASU 2020-06 also provides for certain disclosures with regard to convertible instruments and associated fair values. ASU 2020-06 is effective for us in the first quarter of fiscal 2023. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The FASB specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. As such, we can early adopt this standard beginning in the first quarter of fiscal 2022. We are currently evaluating the potential impact of adoption of this guidance on our condensed consolidated financial statements.

Overview and Basis of Present_3

Overview and Basis of Presentation (Tables)	9 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Schedules of Concentration of Revenue and Accounts Receivable	For each significant Partner, revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable, net are as follows: Revenue Three Months Ended Nine Months Ended Accounts Receivable Partners 2020 2021 2020 2021 July 31, April 30, Partner A 29 % 33 % 29 % 32 % 33 % 35 % Partner B 14 % 15 % 14 % 14 % 16 % 14 % Partner C (1) (1) (1) (1) (1) 10 % Partner D (1) (1) (1) 10 % (1) (1) (1) Less than 10%

Revenue, Deferred Revenue and_2

Revenue, Deferred Revenue and Deferred Commissions (Tables)	9 Months Ended
	Apr. 30, 2021
Revenue Recognition And Deferred Revenue [Abstract]
Revenue by Arrangement, Disclosure	The following table depicts the disaggregation of revenue by revenue type, consistent with how we evaluate our financial performance: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Subscription $ 260,963 $ 307,332 $ 745,403 $ 891,443 Non-portable software 41,917 16,741 178,619 58,445 Hardware 3,786 975 22,052 3,025 Professional services 11,607 19,460 33,734 50,731 Total revenue $ 318,273 $ 344,508 $ 979,808 $ 1,003,644
Deferred Revenue, by Arrangement, Disclosure	Significant changes in the balance of deferred revenue (contract liability) and deferred commissions (contract asset) for the periods presented are as follows: Deferred Deferred (in thousands) Balance as of July 31, 2020 $ 1,183,441 $ 215,528 Additions 180,044 67,630 Revenue/commissions recognized ( 157,002 ) ( 39,400 ) Balance as of October 31, 2020 1,206,483 243,758 Additions 211,392 86,009 Revenue/commissions recognized ( 171,584 ) ( 46,562 ) Balance as of January 31, 2021 1,246,291 283,205 Additions 199,945 72,601 Revenue/commissions recognized ( 172,200 ) ( 46,244 ) Balance as of April 30, 2021 $ 1,274,036 $ 309,562

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Apr. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured on Recurring Basis	The fair value of our financial assets and liabilities measured on a recurring basis is as follows: As of July 31, 2020 Level I Level II Level III Total (in thousands) Financial Assets: Cash equivalents: Money market funds $ 142,936 $ — $ — $ 142,936 Commercial paper — 8,999 — 8,999 Short-term investments: Corporate bonds — 345,265 — 345,265 Commercial paper — 29,702 — 29,702 U.S. government securities — 26,074 — 26,074 Total measured at fair value $ 142,936 $ 410,040 $ — $ 552,976 Cash 166,802 Total cash, cash equivalents and short-term investments $ 719,778 As of April 30, 2021 Level I Level II Level III Total (in thousands) Financial Assets: Cash equivalents: Money market funds $ 57,443 $ — $ — $ 57,443 Commercial paper — 26,999 — 26,999 Corporate bonds — 2,007 — 2,007 Short-term investments: Corporate bonds — 534,209 — 534,209 Commercial paper — 351,699 — 351,699 U.S. Government securities — 94,237 — 94,237 Total measured at fair value $ 57,443 $ 1,009,151 $ — $ 1,066,594 Cash 188,227 Total cash, cash equivalents and short-term investments $ 1,254,821 The carrying values and estimated fair values of financial instruments not recorded at fair value are as follows: As of July 31, 2020 As of April 30, 2021 Carrying Estimated Fair Carrying Estimated Fair (in thousands) 2023 Notes $ 490,222 $ 529,385 $ 515,101 $ 568,899 2026 Notes — — 522,912 939,143 Total $ 490,222 $ 529,385 $ 1,038,013 $ 1,508,042
Schedule of Derivative Liabilities at Fair Value	The following table shows the estimated fair value of the derivative liability as of the issuance of the 2026 Notes and the change in fair value from issuance through April 30, 2021: Nine Months Ended (in thousands) Derivative liability at issuance of the 2026 Notes $ 230,910 Change in fair value 81,353 Derivative liability, end of period $ 312,263
Fair Value Measurement Inputs and Valuation Techniques	We estimated the fair value of the derivative liability using a binomial model, with the following valuation inputs: As of September 24, 2020 April 30, 2021 Conversion ratio (1) Conversion price of $ 26.63 with a 37.552 conversion rate per $1,000 Conversion price of $ 27.75 with a 36.036 conversion rate per $1,000 Risk-free rate 0.4 % 0.9 % Discount rate (2) 9.0 % 6.3 % Volatility 42.7 % 40.0 % Stock price $ 21.26 $ 27.04 (1) The conversion ratio was estimated based on the latest forecast of the associated financial performance metric. (2) The discount rate was estimated based on the implied rate for the 2023 Notes as well as a credit analysis.

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Apr. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Investments in Marketable Debt Securities, by Contractual Maturity Date	The following table summarizes the estimated fair value of our investments in marketable debt securities by their contractual maturity dates: As of (in thousands) Due within one year $ 832,232 Due in one to two years 147,913 Total $ 980,145
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consists of the following: As of July 31, April 30, (in thousands) Prepaid operating expenses $ 31,690 $ 44,324 VAT receivables 8,381 8,219 Tenant improvement allowance receivables 8,557 — Other current assets 14,404 13,375 Total prepaid expenses and other current assets $ 63,032 $ 65,918
Schedule of Property and Equipment, Net	Property and equipment, net consists of the following: As of Estimated July 31, April 30, (in months) (in thousands) Computer, production, engineering and other equipment 36 $ 245,245 $ 286,629 Demonstration units 12 66,569 68,840 Leasehold improvements (1) 65,557 62,703 Furniture and fixtures 60 17,026 16,485 Total property and equipment, gross 394,397 434,657 Less: accumulated depreciation (2) ( 251,225 ) ( 301,265 ) Total property and equipment, net $ 143,172 $ 133,392 (1) Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term. (2) Includes a $ 1.2 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended January 31, 2020 and a $ 0.9 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended October 31, 2020. For additional information on these lease-related impairments, refer to Note 6.
Schedule of Finite-Lived Intangible Assets	There was no change in the carrying value of goodwill during the nine months ended April 30, 2021. Intangible assets, net consists of the following: As of July 31, April 30, (in thousands) Developed technology $ 79,300 $ 79,300 Customer relationships 8,860 8,860 Trade name 4,170 4,170 Total intangible assets, gross 92,330 92,330 Less: Accumulated amortization of developed technology ( 35,987 ) ( 47,070 ) Accumulated amortization of customer relationships ( 4,953 ) ( 6,123 ) Accumulated amortization of trade name ( 1,998 ) ( 2,780 ) Total accumulated amortization ( 42,938 ) ( 55,973 ) Total intangible assets, net $ 49,392 $ 36,357
Schedule of Indefinite-Lived Intangible Assets	There was no change in the carrying value of goodwill during the nine months ended April 30, 2021. Intangible assets, net consists of the following: As of July 31, April 30, (in thousands) Developed technology $ 79,300 $ 79,300 Customer relationships 8,860 8,860 Trade name 4,170 4,170 Total intangible assets, gross 92,330 92,330 Less: Accumulated amortization of developed technology ( 35,987 ) ( 47,070 ) Accumulated amortization of customer relationships ( 4,953 ) ( 6,123 ) Accumulated amortization of trade name ( 1,998 ) ( 2,780 ) Total accumulated amortization ( 42,938 ) ( 55,973 ) Total intangible assets, net $ 49,392 $ 36,357
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense of our intangible assets is as follows: Fiscal Year Ending July 31: Amount (in thousands) 2021 (remaining three months) $ 4,345 2022 16,183 2023 10,856 2024 3,210 2025 1,763 Total $ 36,357
Schedule of Accrued Liabilities	Accrued Compensation and Benefits Accrued compensation and benefits consists of the following: As of July 31, April 30, (in thousands) Accrued commissions $ 33,503 $ 39,398 Accrued vacation 24,006 29,326 Payroll taxes payable 10,742 20,008 Contributions to ESPP withheld 16,563 11,302 Accrued benefits 8,426 10,308 Accrued bonus 5,568 8,607 Other 10,301 9,996 Total accrued compensation and benefits $ 109,109 $ 128,944 Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consists of the following: As of July 31, April 30, (in thousands) Income taxes payable $ 9,703 $ 8,834 Accrued professional services 3,006 4,907 Other 13,215 14,329 Total accrued expenses and other current liabilities $ 25,924 $ 28,070

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	9 Months Ended
	Apr. 30, 2021
Debt Instrument [Line Items]
Net Proceeds from Notes	The total net proceeds from the 2023 Notes are as follows: Amount (in thousands) Principal amount $ 575,000 Less: initial purchasers' discount ( 10,781 ) Less: cost of the bond hedges ( 143,175 ) Add: proceeds from the sale of warrants 87,975 Less: other issuance costs ( 707 ) Net proceeds $ 508,312
A2023 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Components of Notes	The 2023 Notes consisted of the following: As of July 31, April 30, (in thousands) Principal amounts: Principal $ 575,000 $ 575,000 Unamortized debt discount (1) ( 80,298 ) ( 56,734 ) Unamortized debt issuance costs (1) ( 4,480 ) ( 3,165 ) Net carrying amount $ 490,222 $ 515,101 Carrying amount of equity component (2) $ 148,598 $ 148,598 (1) Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2023 Notes using the effective interest rate method. The effective interest rate is 6.62 %. (2) Included in the condensed consolidated balance sheets within additional paid-in capital, net of $ 3.0 million in equity issuance costs.
Interest Expense Recognized	The following table sets forth the total interest expense recognized related to the 2023 Notes: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Interest expense related to amortization of debt discount $ 7,475 $ 7,985 $ 22,059 $ 23,564 Interest expense related to amortization of debt issuance 417 446 1,231 1,315 Total interest expense $ 7,892 $ 8,431 $ 23,290 $ 24,879
A2026 Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Components of Notes	The 2026 Notes consisted of the following: As of April 30, 2021 (in thousands) Principal amounts: Principal $ 750,000 Non-cash interest expense converted to principal 8,906 Unamortized debt discount (conversion feature) (1) ( 211,795 ) Unamortized debt issuance costs (1) ( 24,199 ) Net carrying amount $ 522,912 (1) Included in the condensed consolidated balance sheets within convertible senior notes, net and amortized over the remaining life of the 2026 Notes using the effective interest rate method. The effective interest rate is 7.05 %.
Interest Expense Recognized	The following table sets forth the total interest expense recognized related to the 2026 Notes: Three Months Nine Months April 30, 2021 (in thousands) Interest expense related to amortization of debt discount $ 8,034 $ 19,115 Interest expense related to amortization of debt issuance costs 917 2,184 Non-cash interest expense 4,716 11,331 Total interest expense $ 13,667 $ 32,630

Leases (Tables)

Leases (Tables)	9 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Assets and Liabilities, Lessee	Supplemental balance sheet information related to leases is as follows: As of April 30, 2021 (in thousands) Operating leases: Operating lease right-of-use assets, gross $ 169,916 Accumulated amortization ( 57,709 ) Operating lease right-of-use assets, net $ 112,207 Operating lease liabilities—current $ 42,411 Operating lease liabilities—non-current 96,342 Total operating lease liabilities $ 138,753 Weighted average remaining lease term (in years): 3.3 Weighted average discount rate: 5.4 % As of April 30, 2021 (in thousands) Finance leases: Finance lease right-of-use assets, gross (1) $ 6,095 Accumulated amortization (1) ( 334 ) Finance lease right-of-use assets, net (1) $ 5,761 Finance lease liabilities—current (2) $ 1,202 Finance lease liabilities—non-current (3) 4,567 Total finance lease liabilities $ 5,769 Weighted average remaining lease term (in years): 4.8 Weighted average discount rate: 7.0 % (1) Included in the condensed consolidated balance sheets within property and equipment, net. (2) Included in the condensed consolidated balance sheets within accrued expenses and other current liabilities. (3) Included in the condensed consolidated balance sheets within other liabilities—non-current.
Lease, Cost	Supplemental cash flow and other information related to leases is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 9,157 $ 11,860 $ 30,593 $ 34,234 Lease liabilities arising from obtaining right-of-use assets: Operating leases $ 5,499 $ — $ 41,888 $ 13,538 Finance leases $ — $ 253 $ — $ 342
Lessee, Operating Lease, Liability, Maturity	The undiscounted cash flows for our operating lease liabilities as of April 30, 2021 were as follows: Fiscal Year Ending July 31: Operating Finance Total (in thousands) 2021 (remaining three months) $ 12,421 $ 311 $ 12,732 2022 48,683 1,245 49,928 2023 47,495 1,245 48,740 2024 32,890 1,245 34,135 2025 7,178 1,245 8,423 Thereafter 4,649 578 5,227 Total lease payments 153,316 5,869 159,185 Less: imputed interest ( 14,563 ) ( 100 ) ( 14,663 ) Total lease obligation 138,753 5,769 144,522 Less: current lease obligations ( 42,411 ) ( 1,202 ) ( 43,613 ) Long-term lease obligations $ 96,342 $ 4,567 $ 100,909

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	9 Months Ended
	Apr. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of RSUs Activity	Below is a summary of RSU activity, including MSUs, under the Stock Plans: Number of Grant Date (in thousands) Outstanding at July 31, 2020 22,632 $ 32.70 Granted 12,988 $ 29.38 Released ( 7,589 ) $ 32.43 Forfeited ( 3,583 ) $ 31.56 Outstanding at April 30, 2021 24,448 $ 31.19
Schedule of ESPP Valuation Assumptions	We use the Black-Scholes option pricing model to determine the fair value of shares purchased under the 2016 ESPP with the following weighted average assumptions on the date of grant: Nine Months Ended 2020 2021 Expected term (in years) 0.92 0.78 Risk-free interest rate 0.1 % 0.1 % Volatility 73.4 % 56.9 % Dividend yield — % — %
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Total stock-based compensation expense recognized in the condensed consolidated statements of operations is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) Cost of revenue: Product $ 1,367 $ 1,291 $ 3,937 $ 4,454 Support, entitlements and other services 5,959 6,337 15,850 17,862 Sales and marketing 33,177 30,743 92,137 93,001 Research and development 39,462 40,802 113,484 114,747 General and administrative 12,131 16,113 33,729 38,874 Total stock-based compensation expense $ 92,096 $ 95,286 $ 259,137 $ 268,938

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	The computation of basic and diluted net loss per share attributable to Class A and Class B common stockholders is as follows: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands, except per share data) Numerator: Net loss $ ( 240,671 ) $ ( 123,640 ) $ ( 687,535 ) $ ( 676,078 ) Denominator: Weighted average shares—basic and diluted 196,366 207,715 192,896 204,407 Net loss per share attributable to common stockholders— $ ( 1.23 ) $ ( 0.60 ) $ ( 3.56 ) $ ( 3.31 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows: Nine Months Ended 2020 2021 (in thousands) Outstanding stock options and RSUs 32,525 28,305 Employee stock purchase plan 4,472 3,048 Contingently issuable shares pursuant to business combinations 506 253 Common stock warrants 34 — Total 37,537 31,606

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Area	The following table sets forth revenue by geographic location based on bill-to location: Three Months Ended Nine Months Ended 2020 2021 2020 2021 (in thousands) U.S. $ 166,780 $ 184,392 $ 533,919 $ 543,766 Europe, the Middle East and Africa 71,907 82,106 204,301 228,147 Asia Pacific 65,726 64,687 196,851 190,472 Other Americas 13,860 13,323 44,737 41,259 Total revenue $ 318,273 $ 344,508 $ 979,808 $ 1,003,644

Overview and Basis of Present_4

Overview and Basis of Presentation - Schedules of Concentration of Revenue and Accounts Receivable (Details) - Partner Concentration Risk	3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020
Partner A | Revenue
Concentration Risk [Line Items]
Concentration risk percentage	33.00%	29.00%	32.00%	29.00%
Partner A | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			35.00%		33.00%
Partner B | Revenue
Concentration Risk [Line Items]
Concentration risk percentage	15.00%	14.00%	14.00%	14.00%
Partner B | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			14.00%		16.00%
Partner C | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk percentage			10.00%
Partner D | Revenue
Concentration Risk [Line Items]
Concentration risk percentage			10.00%

Overview and Basis of Present_5

Overview and Basis of Presentation - Additional Information (Details)	Apr. 30, 2021
ASU 2016-13
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adoption date	Aug. 1, 2020
Change in accounting principle, accounting standards update, immaterial effect	true
ASU 2018-13
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adoption date	Aug. 1, 2020
Change in accounting principle, accounting standards update, immaterial effect	true

Revenue, Deferred Revenue and_3

Revenue, Deferred Revenue and Deferred Commissions - Additional Information (Details) - USD ($)	3 Months Ended				9 Months Ended
	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenue	$ 344,508,000			$ 318,273,000	$ 1,003,644,000	$ 979,808,000
Movement in Deferred Revenue [Roll Forward]
Deferred revenue, beginning balance	1,246,291,000	$ 1,206,483,000	$ 1,183,441,000		1,183,441,000
Additions	199,945,000	211,392,000	180,044,000
Revenue/commissions recognized	172,200,000	(171,584,000)	(157,002,000)
Deferred revenue, ending balance	1,274,036,000	$ 1,246,291,000	$ 1,206,483,000		1,274,036,000
Amount deferred in prior period	158,100,000			125,100,000	453,300,000	293,400
Contracted revenue not recognized	$ 1,330,200,000				$ 1,330,200,000
Percent expected to be recognized in next year	48.00%				48.00%
Ratable
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenue	$ 159,500,000			129,200,000	$ 466,500,000	367,900,000
Upfront
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenue	$ 147,800,000			$ 131,800,000	$ 424,900,000	$ 377,500,000
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Software, license term					1 year
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Software, license term					5 years

Revenue, Deferred Revenue and_4

Revenue, Deferred Revenue and Deferred Commissions - Revenue by Arrangement, Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Condensed Income Statements, Captions [Line Items]
Total revenue	$ 344,508	$ 318,273	$ 1,003,644	$ 979,808
Subscription
Condensed Income Statements, Captions [Line Items]
Total revenue	307,332	260,963	891,443	745,403
Non-portable software
Condensed Income Statements, Captions [Line Items]
Total revenue	16,741	41,917	58,445	178,619
Hardware
Condensed Income Statements, Captions [Line Items]
Total revenue	975	3,786	3,025	22,052
Professional services
Condensed Income Statements, Captions [Line Items]
Total revenue	$ 19,460	$ 11,607	$ 50,731	$ 33,734

Revenue, Deferred Revenue and_5

Revenue, Deferred Revenue and Deferred Commissions - Deferred Revenue, by Arrangement, Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020
Movement in Deferred Commissions [Roll Forward]
Deferred commissions, beginning balance	$ 283,205	$ 243,758	$ 215,528
Additions	72,601	86,009	67,630
Revenue/commissions recognized	(46,244)	(46,562)	(39,400)
Deferred commissions, ending balance	309,562	283,205	243,758
Deferred revenue, beginning balance	1,246,291	1,206,483	1,183,441
Additions	199,945	211,392	180,044
Revenue/commissions recognized	172,200	(171,584)	(157,002)
Deferred revenue, ending balance	$ 1,274,036	$ 1,246,291	$ 1,206,483

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Financial Assets:
Short-term investments:	$ 980,145	$ 401,041
Recurring
Financial Assets:
Total measured at fair value	1,066,594	552,976
Cash	188,227	166,802
Total cash, cash equivalents and short-term investments	1,254,821	719,778
Recurring | Money market funds
Financial Assets:
Cash equivalents:	57,443	142,936
Recurring | Commercial paper
Financial Assets:
Cash equivalents:	26,999	8,999
Recurring | Corporate bonds
Financial Assets:
Cash equivalents:	2,007
Short-term investments:	534,209	345,265
Recurring | Commercial paper
Financial Assets:
Short-term investments:	351,699	29,702
Recurring | U.S. government securities
Financial Assets:
Short-term investments:	94,237	26,074
Recurring | Level I
Financial Assets:
Total measured at fair value	57,443	142,936
Recurring | Level I | Money market funds
Financial Assets:
Cash equivalents:	57,443	142,936
Recurring | Level I | Commercial paper
Financial Assets:
Cash equivalents:	0	0
Recurring | Level I | Corporate bonds
Financial Assets:
Cash equivalents:	0
Short-term investments:	0	0
Recurring | Level I | Commercial paper
Financial Assets:
Short-term investments:	0	0
Recurring | Level I | U.S. government securities
Financial Assets:
Short-term investments:	0	0
Recurring | Level II
Financial Assets:
Total measured at fair value	1,009,151	410,040
Recurring | Level II | Money market funds
Financial Assets:
Cash equivalents:	0	0
Recurring | Level II | Commercial paper
Financial Assets:
Cash equivalents:	26,999	8,999
Recurring | Level II | Corporate bonds
Financial Assets:
Cash equivalents:	2,007
Short-term investments:	534,209	345,265
Recurring | Level II | Commercial paper
Financial Assets:
Short-term investments:	351,699	29,702
Recurring | Level II | U.S. government securities
Financial Assets:
Short-term investments:	94,237	26,074
Recurring | Level III
Financial Assets:
Total measured at fair value	0	0
Recurring | Level III | Money market funds
Financial Assets:
Cash equivalents:	0	0
Recurring | Level III | Commercial paper
Financial Assets:
Cash equivalents:	0	0
Recurring | Level III | Corporate bonds
Financial Assets:
Cash equivalents:	0
Short-term investments:	0	0
Recurring | Level III | Commercial paper
Financial Assets:
Short-term investments:	0	0
Recurring | Level III | U.S. government securities
Financial Assets:
Short-term investments:	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - Convertible Debt - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Apr. 30, 2021	Sep. 24, 2020	Jul. 31, 2020	Jan. 31, 2018
2023 Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	0.00%			0.00%
Unamortized discount	$ 56,734		$ 80,298
Unamortized debt issuance cost	$ 3,165		$ 4,480
Closing trading price	$ 100
2026 Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate, stated percentage	2.50%	2.50%
Non Cash Interest Expense Converted To Principal	$ 8,906
Unamortized discount	211,795
Unamortized debt issuance cost	$ 24,199

Fair Value Measurements - Non-r

Fair Value Measurements - Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring - Convertible Debt - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	$ 1,038,013	$ 490,222
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	1,508,042	529,385
2023 Convertible Senior Notes | Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	515,101	490,222
2023 Convertible Senior Notes | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	568,899	529,385
2026 Convertible Senior Notes | Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	522,912	0
2026 Convertible Senior Notes | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior note, fair value disclosure	$ 939,143	$ 0

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Changes in Derivative Liability (Details) - USD ($) $ in Thousands	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Changes in Fair Value of Derivative Liability [Roll Forward]
Derivative Liability, Beginning Balance	$ 230,910
Change in fair value of derivative liability	81,353
Derivative Liability, Ending Balance	$ 312,263

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Derivative Liability Measurement Inputs and Valuation Techniques (Details)		Apr. 30, 2021USD ($)	Sep. 24, 2020USD ($)
Conversion Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	[1]	27.75	26.63
Conversion Ratio
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	[1]	0.036036	0.037552
Risk Free Interest Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input		0.009	0.004
Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	[2]	0.063	0.090
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input		0.400	0.427
Stock Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input		27.04	21.26
[1]	The conversion ratio was estimated based on the latest forecast of the associated financial performance metric.
[2]	The discount rate was estimated based on the implied rate for the 2023 Notes as well as a credit analysis.

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Investments in Marketable Debt Securities, by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Debt Securities, Available-for-sale, Maturity, Fair Value, Rolling Maturity [Abstract]
Due within one year	$ 832,232
Due in one to two years	147,913
Total	$ 980,145	$ 401,041

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Prepaid operating expenses	$ 44,324	$ 31,690
VAT receivables	8,219	8,381
Tenant improvement allowance receivables	0	8,557
Other current assets	13,375	14,404
Total prepaid expenses and other current assets	$ 65,918	$ 63,032

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands		9 Months Ended
		Apr. 30, 2021	Jul. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment, gross		$ 434,657	$ 394,397
Less: accumulated depreciation	[1]	(301,265)	(251,225)
Total property and equipment, net		$ 133,392	143,172
Computer, production, engineering and other equipment
Property, Plant and Equipment [Line Items]
Estimated Useful Life		36 months
Total property and equipment, gross		$ 286,629	245,245
Demonstration units
Property, Plant and Equipment [Line Items]
Estimated Useful Life		12 months
Total property and equipment, gross		$ 68,840	66,569
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	[2]	$ 62,703	65,557
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated Useful Life		60 months
Total property and equipment, gross		$ 16,485	$ 17,026
[1]	Includes a $ 1.2 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended January 31, 2020 and a $ 0.9 million write-off related to the impairment of certain leasehold improvements during the fiscal quarter ended October 31, 2020. For additional information on these lease-related impairments, refer to Note 6.
[2]	Leasehold improvements are amortized over the shorter of the estimated useful lives of the improvements or the remaining lease term.

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Property and Equipment, Net (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended	12 Months Ended
	Oct. 31, 2020	Jan. 31, 2020	Apr. 30, 2021	Jul. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Impairment of leasehold	$ 0.9	$ 1.2	$ 0.9	$ 1.2

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Property, Plant and Equipment [Line Items]
Depreciation and amortization			$ 70,609	$ 69,715
Property, Plant and Equipment
Property, Plant and Equipment [Line Items]
Depreciation and amortization	$ 19,200	$ 19,800	$ 57,500	$ 56,700

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 92,330	$ 92,330
Less:
Accumulated amortization	55,973	42,938
Total intangible assets, net	36,357	49,392
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	79,300	79,300
Less:
Accumulated amortization	47,070	35,987
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	8,860	8,860
Less:
Accumulated amortization	6,123	4,953
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	4,170	4,170
Less:
Accumulated amortization	$ 2,780	$ 1,998

Balance Sheet Components - Sc_6

Balance Sheet Components - Schedule of Finite-lived Intangible Assets, Future Amortization Expense (Details) $ in Thousands	Apr. 30, 2021USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2021 (remaining three months)	$ 4,345
2022	16,183
2023	10,856
2024	3,210
2025	1,763
Total	$ 36,357

Balance Sheet Components - Sc_7

Balance Sheet Components - Schedule of Accrued Compensation Benefits (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Employee-related Liabilities, Current [Abstract]
Accrued commissions	$ 39,398	$ 33,503
Accrued vacation	29,326	24,006
Payroll taxes payable	20,008	10,742
Contributions to ESPP withheld	11,302	16,563
Accrued benefits	10,308	8,426
Accrued bonus	8,607	5,568
Other	9,996	10,301
Total accrued compensation and benefits	$ 128,944	$ 109,109

Balance Sheet Components - Sc_8

Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Other Liabilities Disclosure [Abstract]
Income taxes payable	$ 8,834	$ 9,703
Accrued professional services	4,907	3,006
Other	14,329	13,215
Total accrued expenses and other current liabilities	$ 28,070	$ 25,924

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Details) $ / shares in Units, shares in Millions	Sep. 24, 2020USD ($)d$ / shares	Jan. 31, 2018USD ($)d$ / sharesshares	Apr. 30, 2021USD ($)$ / sharesshares	Apr. 30, 2020USD ($)	Jul. 31, 2020USD ($)
Debt Instrument [Line Items]
Proceeds from the issuance of convertible notes, net of issuance costs			$ 723,617,000
Derivative liability			$ 312,263,000		$ 230,910,000
2023 Convertible Senior Notes
Debt Instrument [Line Items]
Number of securities called by warrants or rights (in shares) | shares		11.8
Payments for convertible note hedges		$ 143,200,000
Exercise price of warrants (in dollars per share) | $ / shares		$ 73.46	$ 73.46
Proceeds from issuance of warrants		$ 88,000,000
Transaction cost		$ 55,200,000
Dilutive effect of convertible securities (in shares) | shares			3.9
Share price threshold for dilutive effect of convertible debt (in dollars per share) | $ / shares			$ 73.46
Dilutive effect of $10 increase in share price (in shares) | shares			4.9
Dilutive effect of warrants (in shares) | shares			1.4
Share price threshold for dilutive effect of warrants (in dollars per share) | $ / shares			$ 83.46
2023 Convertible Senior Notes | Common Class A
Debt Instrument [Line Items]
Share price (in dollars per share) | $ / shares			$ 27.04
Convertible Debt | 2023 Convertible Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage		0.00%	0.00%
Face amount		$ 575,000,000
Convertible debt		$ 75,000,000
Conversion ratio		2,047.0500
Conversion price (in dollars per share) | $ / shares		$ 48.85
Threshold trading days | d		20
Threshold consecutive trading days | d		30
Threshold percentage of stock price trigger		130.00%
Redemption price, percentage		100.00%
Carrying amount of liability component		$ 423,400,000
Carrying amount of equity component		151,600,000
Unamortized discount and debt issuance costs, net		11,500,000
Unamortized discount, net		10,781,000
Less: other issuance costs		707,000
Transaction costs attributable to liability component		8,500,000
Transaction costs attributable to equity component		3,000,000	$ 3,000,000
Debt instrument, term			20 months
Payments for convertible note hedges		143,175,000
Proceeds from issuance of warrants		$ 87,975,000
Convertible Debt | 2023 Convertible Senior Notes | Common Class A
Debt Instrument [Line Items]
Threshold percentage of stock price trigger		98.00%
Convertible Debt | 2026 Convertible Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage	2.50%		2.50%
Face amount	$ 750,000,000
Conversion ratio	0.036036
Conversion price (in dollars per share) | $ / shares	$ 27.75
Threshold trading days | d	20
Threshold consecutive trading days | d	30
Threshold percentage of stock price trigger	150.00%
Redemption price, percentage	100.00%
Debt instrument, term			5 years 4 months 24 days
Proceeds from the issuance of convertible notes, net of issuance costs	$ 723,700,000
Payments of debt issuance costs	26,300,000
Debt instrument, principal amount for conversion into common stock	$ 1,000
Derivative liability			$ 230,900,000
Convertible Debt | 2026 Convertible Senior Notes | Minimum
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price, price range | $ / shares	$ 25.25
Convertible Debt | 2026 Convertible Senior Notes | Maximum
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price, price range | $ / shares	$ 27.75

Convertible Senior Notes - Net

Convertible Senior Notes - Net Proceeds From Notes (Details) - 2023 Convertible Senior Notes - USD ($) $ in Thousands	1 Months Ended
	Jan. 31, 2018	Apr. 30, 2021	Jul. 31, 2020
Debt Instrument [Line Items]
Less: cost of the bond hedges	$ (143,200)
Add: proceeds from the sale of warrants	88,000
Convertible Debt
Debt Instrument [Line Items]
Principal amount	575,000	$ 575,000	$ 575,000
Less: initial purchasers' discount	(10,781)
Less: cost of the bond hedges	(143,175)
Add: proceeds from the sale of warrants	87,975
Less: other issuance costs	(707)
Net proceeds	$ 508,312

Convertible Senior Notes - Comp

Convertible Senior Notes - Components of Notes (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020	Jan. 31, 2018
2023 Convertible Senior Notes
Debt Instrument [Line Items]
Net carrying amount	$ 515,101	$ 490,222
Convertible Debt | 2023 Convertible Senior Notes
Debt Instrument [Line Items]
Principal amount	575,000	575,000	$ 575,000
Unamortized debt discount	(56,734)	(80,298)
Unamortized debt issuance costs	(3,165)	(4,480)
Carrying amount of equity component	148,598	$ 148,598
Convertible Debt | 2026 Convertible Senior Notes
Debt Instrument [Line Items]
Principal amount	750,000
Non-cash interest expense converted to principal	8,906
Unamortized debt discount	(211,795)
Unamortized debt issuance costs	(24,199)
Net carrying amount	$ 522,912

Convertible Senior Notes - Co_2

Convertible Senior Notes - Components of Notes (Parenthetical) (Details) - Convertible Debt - USD ($) $ in Millions	Apr. 30, 2021	Jan. 31, 2018
2023 Convertible Senior Notes
Debt Instrument [Line Items]
Effective interest rate	6.62%
Payments of offering costs	$ (3)	$ (3)
2026 Convertible Senior Notes
Debt Instrument [Line Items]
Effective interest rate	7.05%

Convertible Senior Notes - Inte

Convertible Senior Notes - Interest Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Debt Instrument [Line Items]
Non-cash interest expense			$ 11,331
Convertible Debt | 2023 Convertible Senior Notes
Debt Instrument [Line Items]
Interest expense related to amortization of debt discount	$ 7,985	$ 7,475	23,564	22,059
Interest expense related to amortization of debt issuance costs	446	417	1,315	1,231
Total interest expense	8,431	$ 7,892	24,879	$ 23,290
Convertible Debt | 2026 Convertible Senior Notes
Debt Instrument [Line Items]
Interest expense related to amortization of debt discount	8,034		19,115
Interest expense related to amortization of debt issuance costs	917		2,184
Non-cash interest expense	4,716		11,331
Total interest expense	$ 13,667		$ 32,630

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended	9 Months Ended		12 Months Ended
	Apr. 30, 2021	Oct. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease, cost	$ 10,800		$ 10,000			$ 31,700	$ 28,900
Finance lease, cost	300					400
Impairment loss				$ 3,000	$ 3,000	2,822	$ 3,002
Right-of-use asset, impairment loss						1,900		$ 1,800
Impairment of leasehold		$ 900		$ 1,200		900		$ 1,200
Lease not yet commenced, undiscounted amount	$ 3,000					$ 3,000
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term						1 year
Lease not yet commenced, term of contract	1 year					1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term						8 years
Lease not yet commenced, term of contract	3 years					3 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Operating leases:
Operating lease right-of-use assets, gross	$ 169,916
Accumulated amortization	57,709
Operating lease right-of-use assets, net	112,207	$ 127,326
Operating lease liabilities—current	42,411	36,569
Operating lease liabilities—non-current	96,342	$ 116,794
Total lease obligation	$ 138,753
Weighted average remaining lease term (in years):	3 years 3 months 18 days
Weighted average discount rate:	5.40%
Financing leases:
Finance lease right-of-use assets, gross	$ 6,095
Accumulated amortization	(334)
Finance lease right-of-use assets, net	5,761
Finance lease liabilities-current	1,202
Finance lease liabilities-non-current	4,567
Total lease obligation	$ 5,769
Weighted average remaining lease term (in years):	4 years 9 months 18 days
Weighted average discount rate:	7.00%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating cash flows from operating leases	$ 11,860	$ 9,157	$ 34,234	$ 30,593
Lease liabilities arising from obtaining right-of-use assets from operating leases	0	5,499	13,538	41,888
Lease liabilities arising from obtaining right-of-use assets from finance leases	$ 253	$ 0	$ 342	$ 0

Leases - Remaining Maturity Und

Leases - Remaining Maturity Under Topic 842 (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Jul. 31, 2020
Operating Leases
2021 (remaining three months)	$ 12,421
2022	48,683
2023	47,495
2024	32,890
2025	7,178
Thereafter	4,649
Total lease payments	153,316
Less: imputed interest	(14,563)
Total lease obligation	138,753
Less: current lease obligations	(42,411)	$ (36,569)
Long-term lease obligations	96,342	$ 116,794
Financing Leases
2021 (remaining three months)	311
2022	1,245
2023	1,245
2024	1,245
2025	1,245
Thereafter	578
Total lease payments	5,869
Less: imputed interest	(100)
Total lease obligation	5,769
Less: current lease obligations	(1,202)
Long-term lease obligations	4,567
Total
2021 (remaining three months)	12,732
2022	49,928
2023	48,740
2024	34,135
2025	8,423
Thereafter	5,227
Total lease payments	159,185
Less: imputed interest	(14,663)
Total lease obligation	144,522
Less: current lease obligations	(43,613)
Long-term lease obligations	$ 100,909

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Apr. 30, 2021USD ($)
Non-contract Vendors
Loss Contingencies [Line Items]
Purchase obligation	$ 66.4
Contract Manufacturer
Loss Contingencies [Line Items]
Purchase obligation	$ 66.4

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details)	9 Months Ended
	Apr. 30, 2021USD ($)VoteClass$ / sharesshares	Apr. 30, 2020USD ($)	Aug. 31, 2020USD ($)	Jul. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Common stock, number of classes of stock | Class	2
Common stock, shares authorized (in shares)	1,200,000,000			1,200,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.000025			$ 0.000025
Common stock, shares issued (in shares)	211,531,000			201,949,000
Common stock, shares outstanding (in shares)	211,531,000			201,949,000
Repurchase and retirement of common stock (in shares)	5,200,000
Payments for repurchase of common stock | $	$ 125,079,000
Stock repurchase program, remaining authorization amount | $	$ 0
Common Class A
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	1,000,000,000			1,000,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.000025			$ 0.000025
Common stock, shares issued (in shares)	202,186,000			186,846,000
Common stock, shares outstanding (in shares)	202,186,000			186,846,000
Common stock number of votes per share | Vote	1
Stock repurchase program, authorized amount | $			$ 125,000,000
Stock repurchase price (in dollars per share) | $ / shares	$ 24.15
Payments for repurchase of common stock | $	$ 125,000,000
Common Class B
Class of Stock [Line Items]
Common stock, shares authorized (in shares)	200,000,000			200,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.000025			$ 0.000025
Common stock, shares issued (in shares)	9,345,000			15,103,000
Common stock, shares outstanding (in shares)	9,345,000			15,103,000
Common stock number of votes per share | Vote	10

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Details)	Dec. 13, 2019USD ($)PurchasePeriodshares	Dec. 13, 2019USD ($)PurchasePeriodshares	Aug. 01, 2019shares	Dec. 31, 2020$ / sharesshares	Jan. 31, 2020shares	Apr. 30, 2021USD ($)Plan$ / sharesshares	Apr. 30, 2020USD ($)	Jan. 31, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity incentive plans | Plan						3
Granted (in shares)						12,988,000
Granted (in dollars per share) | $ / shares						$ 29.38
Grants in period (in shares)						0
Exercises in period (in shares)						3,200,000
Weighted average exercise price (in dollars per share) | $ / shares						$ 3.82
Options outstanding (in shares)						3,900,000
Outstanding options, weighted average exercise price (in dollars per share) | $ / shares						$ 5.25
Contractual term						3 years
Options outstanding, intrinsic value | $						$ 84,100,000
Monetary cap | $	$ 25,000	$ 25,000
Share cap (in shares)		1,000
Offering period duration (in months)		12 months
Number of six-month purchase periods | PurchasePeriod	2	2
Proceeds from stock plans | $						62,343,000	$ 56,515,000
Compensation not yet recognized | $						$ 720,200,000
Period for recognition (in years)						2 years 7 months 6 days
Common Class A | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	11,500,000	11,500,000
Number of additional shares authorized	9,200,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)						5,200,000
Percent of eligible compensation (up to)	15.00%	15.00%
Purchase price of common stock, percent	85.00%
ESPP stock issued during period (in shares)						4,000,000
Proceeds from stock plans | $						$ 50,200,000
2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)						42,200,000
2016 Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)								22,400,000
Annual increase (in shares)						18,000,000
Annual increase, percent of outstanding shares						5.00%
Number of additional shares authorized			9,400,000		10,100,000
Number of shares available for grant (in shares)						13,900,000
Market Stock Units | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Forfeited (in shares)				300,000,000
Granted (in shares)				703,117,000
Granted (in dollars per share) | $ / shares				$ 35.69
Vesting percentage				133.00%
Award vesting period				4 years
Modified Market Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments outstanding (in shares)						423,915
Modified Market Stock Units | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				75,000
Granted (in dollars per share) | $ / shares				$ 27.54
Award vesting period				3 years 10 months 24 days

Equity Incentive Plans - RSU (D

Equity Incentive Plans - RSU (Details) shares in Thousands	9 Months Ended
	Apr. 30, 2021$ / sharesshares
Number of Shares
Outstanding, beginning balance (in shares) | shares	22,632
Granted (in shares) | shares	12,988
Released (in shares) | shares	(7,589)
Forfeited (in shares) | shares	(3,583)
Grant Date Fair Value per Share
Granted (in dollars per share) | $ / shares	$ 29.38
Released (in dollars per share) | $ / shares	32.43
Forfeited (in dollars per share) | $ / shares	31.56
Ending Outstanding (in dollars per share) | $ / shares	$ 31.19
RSUs
Number of Shares
Outstanding, ending balance (in shares) | shares	24,448
Grant Date Fair Value per Share
Beginning Outstanding (in dollars per share) | $ / shares	$ 32.70

Equity Incentive Plans - ESPP (

Equity Incentive Plans - ESPP (Details)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	9 months 10 days	11 months 1 day
Risk-free interest rate	0.10%	0.10%
Volatility	56.90%	73.40%
Dividend yield	0.00%	0.00%

Equity Incentive Plans - Stock

Equity Incentive Plans - Stock Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 95,286	$ 92,096	$ 268,938	$ 259,137
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	30,743	33,177	93,001	92,137
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	40,802	39,462	114,747	113,484
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	16,113	12,131	38,874	33,729
Product | Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,291	1,367	4,454	3,937
Support, entitlements and other services | Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 6,337	$ 5,959	$ 17,862	$ 15,850

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 4,419	$ 4,858	$ 13,803	$ 13,423

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Apr. 30, 2021	Jan. 31, 2021	Oct. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Oct. 31, 2019	Apr. 30, 2021	Apr. 30, 2020
Earnings Per Share [Abstract]
Net loss	$ (123,640)	$ (287,390)	$ (265,048)	$ (240,671)	$ (217,564)	$ (229,300)	$ (676,078)	$ (687,535)
Weighted average shares—basic and diluted	207,715			196,366			204,407	192,896
Net loss per share attributable to common stockholders— basic and diluted	$ (0.60)			$ (1.23)			$ (3.31)	$ (3.56)

Net Loss Per Share - Antidiluti

Net Loss Per Share - Antidilutive Securities (Details) - shares shares in Thousands	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	31,606	37,537
Outstanding stock options and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	28,305	32,525
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,048	4,472
Contingently issuable shares pursuant to business combinations
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	253	506
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		34

Segment Information - Additiona

Segment Information - Additional information (Details) $ in Millions	9 Months Ended
	Apr. 30, 2021USD ($)Segment	Jul. 31, 2020USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment	1
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets | $	$ 120.8	$ 136.7

Segment Information - Schedule

Segment Information - Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 344,508	$ 318,273	$ 1,003,644	$ 979,808
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	184,392	166,780	543,766	533,919
Europe, the Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	82,106	71,907	228,147	204,301
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	64,687	65,726	190,472	196,851
Other Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 13,323	$ 13,860	$ 41,259	$ 44,737