Elastic (ESTC) 10-Q 1 Sep 23 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Jul. 31, 2023	Aug. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2023
Document Transition Report	false
Entity File Number	001-38675
Entity Registrant Name	Elastic N.V.
Entity Incorporation, State or Country Code	P7
Title of 12(b) Security	Ordinary shares, Par Value €0.01 Per Share
Trading Symbol	ESTC
Security Exchange Name	NYSE
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 Common Stock, Shares Outstanding		98,419,072
Entity Central Index Key	0001707753
Current Fiscal Year End Date	--04-30
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Current assets:
Cash and cash equivalents	$ 630,565	$ 644,167
Restricted cash	2,677	2,473
Marketable securities	326,528	271,041
Accounts receivable, net of allowance for credit losses of $3,333 and $3,409 as of July 31, 2023 and April 30, 2023, respectively	185,372	260,919
Deferred contract acquisition costs	60,214	55,813
Prepaid expenses and other current assets	35,008	39,867
Total current assets	1,240,364	1,274,280
Property and equipment, net	5,042	5,092
Goodwill	303,836	303,642
Operating lease right-of-use assets	17,427	19,997
Intangible assets, net	24,896	29,104
Deferred contract acquisition costs, non-current	95,357	95,879
Deferred tax assets	7,064	7,412
Other assets	7,424	8,076
Total assets	1,701,410	1,743,482
Current liabilities:
Accounts payable	16,035	35,151
Accrued expenses and other liabilities	64,453	63,532
Accrued compensation and benefits	72,700	76,483
Operating lease liabilities	11,627	12,749
Deferred revenue	506,919	528,704
Total current liabilities	671,734	716,619
Deferred revenue, non-current	27,214	34,248
Long-term debt, net	567,806	567,543
Operating lease liabilities, non-current	11,994	13,942
Other liabilities, non-current	10,939	12,233
Total liabilities	1,289,687	1,344,585
Commitments and contingencies (Notes 7 and 8)
Shareholders’ equity:
Convertible preference shares, €0.01 par value; 165,000,000 shares authorized, 0 shares issued and outstanding as of July 31, 2023 and April 30, 2023	0	0
Ordinary shares, par value €0.01 per share: 165,000,000 shares authorized; 98,377,727 shares issued and outstanding as of July 31, 2023 and 97,366,947 shares issued and outstanding as of April 30, 2023	1,035	1,024
Treasury stock	(369)	(369)
Additional paid-in capital	1,532,543	1,471,584
Accumulated other comprehensive loss	(19,651)	(20,015)
Accumulated deficit	(1,101,835)	(1,053,327)
Total shareholders’ equity	411,723	398,897
Total liabilities and shareholders’ equity	1,701,410	1,743,482
Long-term debt, net	567,806	567,543
Restricted cash	$ 2,677	$ 2,473

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) $ in Thousands	Jul. 31, 2023 USD ($) shares	Jul. 31, 2023 € / shares	Apr. 30, 2023 USD ($) shares	Apr. 30, 2023 € / shares
Allowance for doubtful accounts | $	$ 3,333		$ 3,409
Ordinary shares, shares authorized (in shares)	165,000,000
Convertible Preference Shares
Preference shares, par value ( in € / shares) | € / shares		€ 0.01		€ 0.01
Preference shares, shares authorized (in shares)	165,000,000		165,000,000
Preference shares, shares issued (in shares)	0		0
Preference shares, shares outstanding (in shares)	0		0
Ordinary Shares, Par Value of €0.01
Ordinary shares, par value ( in € / shares) | € / shares		€ 0.01		€ 0.01
Ordinary shares, shares authorized (in shares)	165,000,000		165,000,000
Ordinary shares, shares issued (in shares)	98,377,727		97,366,947
Ordinary shares, shares outstanding (in shares)	98,377,727		97,366,947

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Revenue
Total revenue	$ 293,753	$ 250,081
Cost of revenue
Total cost of revenue	77,477	72,979
Gross profit	216,276	177,102
Operating expenses
Research and development	80,690	78,649
Sales and marketing	133,169	125,006
General and administrative	37,939	34,088
Restructuring and other related charges	725	0
Total operating expenses	252,523	237,743
Operating loss	(36,247)	(60,641)
Interest Expense	(6,306)	(6,401)
Other Nonoperating Income (Expense)	7,300	339
Loss before income taxes	(35,253)	(66,703)
Provision for income taxes	13,255	2,848
Net loss	$ (48,508)	$ (69,551)
Net loss per share attributable to ordinary shareholders, basic (in dollars per share)	$ (0.50)	$ (0.74)
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted (in shares)	97,942,049	94,621,365
Total subscription
Revenue
Total revenue	$ 270,247	$ 231,814
Cost of revenue
Total cost of revenue	57,266	53,551
Professional services
Revenue
Total revenue	23,506	18,267
Cost of revenue
Total cost of revenue	$ 20,211	$ 19,428

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (48,508)	$ (69,551)
Other comprehensive income (loss):
Unrealized loss on available-for-sale securities	(1,411)	0
Foreign currency translation adjustments	1,775	(2,624)
Other comprehensive income (loss)	364	(2,624)
Total comprehensive loss	$ (48,144)	$ (72,175)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Ordinary Shares	Treasury Shares	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Apr. 30, 2022		94,174,914
Beginning balance at Apr. 30, 2022	$ 415,433	$ 990	$ (369)	$ 1,250,108	$ (18,130)	$ (817,166)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		225,263
Stock Issued During Period, Value, Stock Options Exercised	3,397	$ 3		3,394
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		570,450
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 6		(6)
Stock-based compensation	46,883			46,883
Net loss	(69,551)					(69,551)
Foreign currency translation	(2,624)				(2,624)
Ending balance (in shares) at Jul. 31, 2022		94,970,627
Ending balance at Jul. 31, 2022	393,538	$ 999	(369)	1,300,379	(20,754)	(886,717)
Beginning balance (in shares) at Apr. 30, 2023		97,366,947
Beginning balance at Apr. 30, 2023	398,897	$ 1,024	(369)	1,471,584	(20,015)	(1,053,327)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of ordinary shares upon exercise of stock options (in shares)		263,828
Stock Issued During Period, Value, Stock Options Exercised	3,843	$ 3		3,840
Conversion of redeemable convertible preference shares to ordinary shares upon initial public offering (in shares)		746,952
Stock Issued During Period, Value, Conversion of Convertible Securities	0	$ 8		(8)
Stock-based compensation	57,127			57,127
Net loss	(48,508)					(48,508)
Foreign currency translation	364				364
Ending balance (in shares) at Jul. 31, 2023		98,377,727
Ending balance at Jul. 31, 2023	$ 411,723	$ 1,035	$ (369)	$ 1,532,543	$ (19,651)	$ (1,101,835)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities
Net loss	$ (48,508,000)	$ (69,551,000)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Depreciation and amortization	5,053,000	5,214,000
Investment Income, Net, Amortization of Discount and Premium	(2,468,000)	0
Amortization of deferred contract acquisition costs	17,572,000	17,444,000
Amortization of debt issuance costs	263,000	252,000
Non-cash operating lease cost	2,652,000	3,005,000
Stock-based compensation expense	57,127,000	46,883,000
Deferred income taxes	392,000	667,000
Foreign currency transaction loss	(1,200,000)	(1,779,000)
Other	(34,000)	22,000
Changes in operating assets and liabilities:
Accounts receivable, net	75,871,000	45,991,000
Deferred contract acquisition costs	(21,145,000)	(19,676,000)
Prepaid expenses and other current assets	4,896,000	4,729,000
Other assets	680,000	2,114,000
Accounts payable	(19,233,000)	9,873,000
Accrued expenses and other liabilities	(411,000)	(16,741,000)
Accrued compensation and benefits	(3,885,000)	(11,521,000)
Operating lease liabilities	(3,100,000)	(3,204,000)
Deferred revenue	(29,110,000)	(26,985,000)
Net cash provided by (used in) operating activities	37,812,000	(9,705,000)
Cash flows from investing activities
Purchases of property and equipment	(632,000)	(479,000)
Purchases of marketable securities	83,579,000	0
Maturities of marketable securities	29,116,000	0
Net cash used in investing activities	(55,095,000)	(479,000)
Cash flows from financing activities
Proceeds from issuance of ordinary shares upon exercise of stock options	3,843,000	3,397,000
Net cash provided by financing activities	3,843,000	3,397,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	42,000	(5,702,000)
Net decrease in cash, cash equivalents, and restricted cash	(13,398,000)	(12,489,000)
Cash, cash equivalents, and restricted cash, beginning of period	646,640,000
Cash, cash equivalents, and restricted cash, end of period	633,242,000
Supplemental disclosures of cash flow information
Interest Paid, Excluding Capitalized Interest, Operating Activities	11,972,000	12,079,000
Cash paid for income taxes, net	3,037,000	2,558,000
Cash paid for operating lease liabilities	3,310,000	3,278,000
Increase (Decrease) In Capital Expenditures Incurred but Not yet Paid	109,000	(158,000)
Supplemental disclosures of non-cash investing and financing information
Operating lease right-of-use assets for new lease obligations	$ 0	2,725,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations		$ 851,148,000

Organization and Description of

Organization and Description of Business	3 Months Ended
	Jul. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of BusinessElastic N.V. (“Elastic” or the “Company”) was incorporated under the laws of the Netherlands in 2012. The Company created the Elastic Stack, a powerful set of software products that ingest and store data from any source and in any format, and perform search, analysis, and visualization on that data. Developers build on top of the Elastic Stack to apply the power of search to their data and solve business problems. The Company offers three software solutions built into the Elastic Stack: Search, Observability, and Security. The Elastic Stack and the Company’s solutions are designed to run in public or private clouds, in hybrid environments, or in multi-cloud environments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying interim condensed consolidated balance sheet as of July 31, 2023, interim condensed consolidated statements of operations, comprehensive loss, and shareholders’ equity for the three months ended July 31, 2023 and 2022, and interim condensed consolidated statements of cash flows for the three months ended July 31, 2023 and 2022 are unaudited. These interim condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary to fairly state the Company’s financial position as of July 31, 2023; results of the Company’s operations for the three months ended July 31, 2023 and 2022; statements of shareholders’ equity for the three months ended July 31, 2023 and 2022; and statements of cash flows for the three months ended July 31, 2023 and 2022. The financial data and other financial information disclosed in the notes to these interim condensed consolidated financial statements related to the three month periods are also unaudited. The results for the three months ended July 31, 2023 are not necessarily indicative of the operating results expected for the fiscal year ending April 30, 2024, or any other future period. The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed balance sheet data as of April 30, 2023 was derived from the Company’s audited financial statements, but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2023 filed with the SEC on June 16, 2023 (“the Company’s Annual Report on Form 10-K”). Fiscal Year The Company’s fiscal year ends on April 30. References to fiscal 2024, for example, refer to the fiscal year ended April 30, 2024. Use of Estimates and Judgments The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, allocation of revenue between recognized and deferred amounts, deferred contract acquisition costs, allowance for credit losses, valuation of stock-based compensation, fair value of ordinary shares in periods prior to the Company’s initial public offering, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, whether an arrangement is or contains a lease, discount rate used for operating leases, and valuation allowance for deferred income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, judgments or revise the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies described in the Company’s Annual Report on Form 10-K that have had a material impact on its condensed consolidated financial statements and related notes. Recently Adopted Accounting Pronouncements Acquisitions: In October 2021, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, improving consistency in accounting for acquired revenue contracts with customers in a business combination by requiring that acquirers apply ASC 606 to recognize contract assets and contract liabilities as if they had originated the contracts. If the acquiree prepared its financial statements in accordance with U.S. GAAP, the resulting acquired contract assets and liabilities should generally be consistent with the acquiree’s financial statements. The Company adopted ASU No. 2021-08 on May 1, 2023. The Company’s adoption of this ASU did not have any impact on its condensed consolidated financial statements. New Accounting Pronouncements Not Yet Adopted There have been no new accounting pronouncements or changes in accounting pronouncements during the three months ended July 31, 2023 that are significant or potentially significant to the Company.

Revenue and Performance Obligat

Revenue and Performance Obligations	3 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue and Performance Obligations	Revenue Disaggregation of Revenue The following table presents revenue by category (in thousands): Three Months Ended July 31, 2023 2022 Amount % of Amount % of Elastic Cloud $ 121,172 41 % $ 97,729 39 % Other subscription 149,075 51 % 134,085 54 % Total subscription 270,247 92 % 231,814 93 % Services 23,506 8 % 18,267 7 % Total revenue $ 293,753 100 % $ 250,081 100 % Concentration of Credit Risk One customer, a channel partner, accounted for 15% and 12% of net accounts receivable as of July 31, 2023 and April 30, 2023, respectively. The same customer accounted for 10% of total revenue during the three months ended July 31, 2023. No customer accounted for more than 10% of the Company’s total revenue for the three months ended July 31, 2022. Deferred Revenue The Company recognized revenue of $210.3 million and $169.3 million during the three months ended July 31, 2023 and 2022, respectively, that was included in the deferred revenue balance at the beginning of each of the respective periods. Unbilled Accounts Receivable Unbilled accounts receivable is recorded as part of accounts receivable, net in the Company’s condensed consolidated balance sheets. As of July 31, 2023 and April 30, 2023, unbilled accounts receivable was $2.8 million and $2.2 million, respectively. Remaining Performance Obligations As of July 31, 2023, the Company had $1.118 billion of remaining performance obligations. As of July 31, 2023, the Company expects to recognize approximately 89% of its remaining performance obligations as revenue over the next 24 months and the remainder thereafter. Deferred Contract Acquisition Costs Amortization expense with respect to deferred contract acquisition costs was $17.6 million and $17.4 million for the three months ended July 31, 2023 and 2022, respectively. The Company did not recognize any impairment of deferred contract acquisition costs during the three months ended July 31, 2023 and 2022.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value MeasurementsFinancial Assets The following table summarizes assets that are measured at fair value on a recurring basis as of July 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 197,298 $ — $ — $ 197,298 U.S. treasury securities 40,816 — — 40,816 U.S. agency securities — 4,978 — 4,978 Certificates of deposit — 6,595 — 6,595 Commercial paper — 2,998 — 2,998 Total included in cash and cash equivalents 238,114 14,571 — 252,685 Marketable Securities: Certificates of deposit — 40,347 — 40,347 Commercial paper — 39,516 — 39,516 U.S. treasury securities 68,573 — — 68,573 Corporate debt securities — 138,471 — 138,471 U.S. agency bonds — 39,621 — 39,621 Total marketable securities 68,573 257,955 — 326,528 Total financial assets $ 306,687 $ 272,526 $ — $ 579,213 The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2023 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 194,261 $ — $ — $ 194,261 U.S. agency securities — 27,406 — 27,406 Certificates of deposit — 21,750 — 21,750 Commercial paper — 60,750 — 60,750 Total included in cash and cash equivalents 194,261 109,906 — 304,167 Marketable Securities: Certificates of deposit — 31,645 — 31,645 Commercial paper — 33,735 — 33,735 U.S. treasury securities 47,627 — — 47,627 Corporate debt securities — 118,228 — 118,228 U.S. agency bonds — 39,806 — 39,806 Total marketable securities 47,627 223,414 — 271,041 Total financial assets $ 241,888 $ 333,320 $ — $ 575,208 For the three months ended July 31, 2023 and 2022, interest income from the Company’s cash and cash equivalents and marketable securities was $6.0 million and $1.3 million, respectively, and is included in other income, net in the condensed consolidated statement of operations. As of July 31, 2023 and April 30, 2023, net unrealized losses on the marketable securities were immaterial. The fluctuations in market interest rates impact the unrealized losses or gains on these securities. As of July 31, 2023 and April 30, 2023, the contractual maturities of the Company’s available-for-sale debt securities, excluding those securities classified within cash and cash equivalents on the condensed consolidated balance sheet, did not exceed 36 months. The fair values of available-for-sale securities, by remaining contractual maturity, are as follows (in thousands): As of As of Due within 1 year $ 180,067 $ 168,264 Due between 1 year and 3 years 143,971 102,777 Due between 3 years and 5 years 2,490 — Total marketable securities $ 326,528 $ 271,041 Financial Liabilities In July 2021, the Company issued $575.0 million aggregate principal amount of 4.125% Senior Notes due July 15, 2029 (the “Senior Notes”) in a private placement. Based on the trading prices of the Senior Notes, the fair value of the Senior Notes as of July 31, 2023 was approximately $497.0 million. While the Senior Notes are recorded at cost, the fair value of the Senior Notes was determined based on quoted prices in markets that are not active; accordingly, the Senior Notes are categorized as Level 2 for purposes of the fair value measurement hierarchy.

Balance Sheet Components

Balance Sheet Components	3 Months Ended
	Jul. 31, 2023
Balance Sheet Components [Abstract]
Balance Sheet Components	Balance Sheet Components Property and Equipment, Net The cost and accumulated depreciation of property and equipment were as follows (in thousands): Useful Life (in years) As of As of Leasehold improvements Lesser of estimated useful life or remaining lease term $ 11,197 $ 10,081 Computer hardware and software 3 2,980 2,220 Furniture and fixtures 3-5 6,663 6,093 Assets under construction 174 1,734 Total property and equipment 21,014 20,128 Less: accumulated depreciation (15,972) (15,036) Property and equipment, net $ 5,042 $ 5,092 Depreciation expense related to property and equipment was $0.8 million and $1.0 million for the three months ended July 31, 2023 and 2022, respectively. Intangible Assets, Net Intangible assets consisted of the following as of July 31, 2023 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 46,112 $ 24,018 2.5 Customer relationships 19,598 18,766 832 0.2 Trade names 2,872 2,793 79 0.2 Total $ 92,600 $ 67,671 $ 24,929 2.4 Foreign currency translation adjustment (33) Total $ 24,896 Intangible assets consisted of the following as of April 30, 2023 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 43,136 $ 26,994 2.7 Customer relationships 19,598 17,641 1,957 0.4 Trade names 2,872 2,686 186 0.4 Total $ 92,600 $ 63,463 $ 29,137 2.5 Foreign currency translation adjustment (33) Total $ 29,104 Amortization expense for the intangible assets for the three months ended July 31, 2023 and 2022 was as follows (in thousands): Three Months Ended July 31, 2023 2022 Cost of revenue – subscription $ 2,976 $ 2,964 Sales and marketing 1,232 1,231 Total amortization of acquired intangible assets $ 4,208 $ 4,195 The expected future amortization expense related to the intangible assets as of July 31, 2023 was as follows (in thousands, by fiscal year): Remainder of 2024 $ 9,775 2025 8,018 2026 5,057 2027 2,046 2028 — Thereafter — Total $ 24,896 Goodwill The following table represents the changes to goodwill (in thousands): Carrying Amount Balance as of April 30, 2023 $ 303,642 Foreign currency translation adjustment 194 Balance as of July 31, 2023 $ 303,836 There was no impairment of goodwill during the three months ended July 31, 2023 and 2022. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): As of As of Accrued expenses $ 31,368 $ 24,163 Income taxes payable 20,440 9,738 Value added taxes payable 4,005 9,403 Accrued interest 988 6,918 Other 7,652 13,310 Total accrued expenses and other liabilities $ 64,453 $ 63,532 Accrued Compensation and Benefits Accrued compensation and benefits consisted of the following (in thousands): As of As of Accrued vacation $ 30,638 $ 30,026 Accrued commissions 15,368 26,175 Accrued payroll and withholding taxes 8,175 6,586 Other 18,519 13,696 Total accrued compensation and benefits $ 72,700 $ 76,483 Allowance for Credit Losses The following is a summary of the changes in the Company’s allowance for credit losses (in thousands): Three Months Ended July 31, 2023 2022 Beginning balance $ 3,409 $ 2,700 Bad debt expense 628 186 Accounts written off (704) (636) Ending balance $ 3,333 $ 2,250

Debt

Debt	3 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Senior Notes Disclosure	Senior Notes In July 2021, the Company issued $575.0 million aggregate principal amount of 4.125% Senior Notes due July 15, 2029 in a private placement. Interest on the Senior Notes is payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2022. The Company received net proceeds from the offering of the Senior Notes of $565.7 million after deducting underwriting commissions of $7.2 million and incurred additional issuance costs of $2.1 million. Total debt issuance costs of $9.3 million are being amortized to interest expense using the effective interest method over the term of the Senior Notes. The Company may redeem the Senior Notes, in whole or in part, at any time prior to July 15, 2024 at a price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest, if any. The Company may at its election redeem all or a part of the Senior Notes on or after July 15, 2024, on any one or more occasions, at the redemption prices set forth in the indenture governing the Senior Notes (the “Indenture”), plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date. In addition, at any time prior to July 15, 2024, the Company may on any one or more occasions redeem up to 40% of the aggregate principal amount of the Senior Notes outstanding under the Indenture with the net cash proceeds of one or more equity offerings at a redemption price equal to 104.125% of the principal amount of the Senior Notes then outstanding, plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date. The Company may also at its election redeem the Senior Notes in whole, but not in part, at a price equal to 100% of the principal amount thereof plus accrued and unpaid interest, if any, if certain changes in tax law occur as set forth in the Indenture. If the Company experiences a change of control triggering event (as defined in the Indenture), the Company must offer to repurchase the Senior Notes at a repurchase price equal to 101% of the principal amount of the Senior Notes to be repurchased, plus accrued and unpaid interest, if any, to the repurchase date. The Indenture contains covenants limiting the Company’s ability and the ability of certain subsidiaries to create liens on certain assets to secure debt; grant a subsidiary guarantee of certain debt without also providing a guarantee of the Senior Notes; and consolidate or merge with or into, or sell or otherwise dispose of all or substantially all of its assets to, another person. These covenants are subject to a number of limitations and exceptions. Certain of these covenants will not apply during any period in which the Senior Notes are rated investment grade by Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services. The net carrying amount of the Senior Notes was as follows (in thousands): As of As of Principal $ 575,000 $ 575,000 Unamortized debt issuance costs (7,194) (7,457) Net carrying amount $ 567,806 $ 567,543 The following table sets forth the interest expense recognized related to the Senior Notes (in thousands): Three Months Ended July 31, 2023 2022 Contractual interest expense $ 5,930 $ 5,930 Amortization of debt issuance costs 263 252 Total interest expense related to the Senior Notes $ 6,193 $ 6,182

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Cloud Hosting Commitments During the three months ended July 31, 2023, there were no material changes, outside the ordinary course of business, to the Company’s contractual obligations and commitments reported in the Company's Annual Report on Form 10-K. Letters of Credit The Company had a total of $2.3 million in letters of credit outstanding in favor of certain landlords for office space as of July 31, 2023. Legal Matters From time to time, the Company has become involved in claims and other legal matters arising in the ordinary course of business. The Company investigates these claims as they arise. Although claims are inherently unpredictable, the Company is currently not aware of any matters that, if determined adversely to the Company, would individually or taken together have a material adverse effect on its business, results of operations, financial position or cash flows. The Company accrues estimates for resolution of legal and other contingencies when losses are probable and reasonably estimable. Indemnification The Company enters into indemnification provisions under its agreements with other companies in the ordinary course of business, including business partners, landlords, contractors and parties performing its research and development. Pursuant to these arrangements, the Company agrees to indemnify, hold harmless, and reimburse the indemnified party for certain losses suffered or incurred by the indemnified party as a result of the Company’s activities. The maximum potential amount of future payments the Company could be required to make under these agreements is not determinable. The Company has never incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the fair value of these agreements is not material. The Company maintains commercial general liability insurance and product liability insurance to offset certain of the Company’s potential liabilities under these indemnification provisions. In addition, the Company indemnifies its officers, directors and certain key employees against certain liabilities that may arise as a result of their affiliation with the Company. To date, there have been no claims under any indemnification provisions.

Leases

Leases	3 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Leases	Leases The Company’s leases are composed of corporate office spaces under non-cancelable operating lease agreements that expire at various dates through fiscal 2029. The Company does not have any finance leases. Lease Costs Components of lease costs included in the condensed consolidated statement of operations were as follows (in thousands): Three Months Ended July 31, 2023 2022 Operating lease cost $ 2,855 $ 3,133 Short-term lease cost 474 783 Variable lease cost 237 230 Total lease cost $ 3,566 $ 4,146 Lease term and discount rate information are summarized as follows: As of Weighted average remaining lease term (in years) 2.46 Weighted average discount rate 4.97 % Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of July 31, 2023 were as follows (in thousands): Years Ending April 30, Remainder of 2024 $ 9,809 2025 8,426 2026 4,472 2027 1,024 2028 1,106 Thereafter 281 Total minimum lease payments 25,118 Less imputed interest (1,497) Present value of future minimum lease payments 23,621 Less current lease liabilities (11,627) Operating lease liabilities, non-current $ 11,994

Ordinary Shares

Ordinary Shares	3 Months Ended
	Jul. 31, 2023
Equity [Abstract]
Ordinary Shares	Ordinary Shares The Company’s articles of association designated and authorized the Company to issue 165 million ordinary shares at a par value per ordinary share of €0.01 per share. Each holder of ordinary shares has the right to one vote per ordinary share. The holders of ordinary shares are also entitled to receive dividends whenever funds are legally available and when declared by the Company’s board of directors, subject to the prior rights of holders of all classes of shares outstanding having priority rights to dividends. No dividends have been declared by the board of directors from inception through July 31, 2023. Ordinary Shares Reserved for Issuance The Company had reserved ordinary shares for issuance as follows: As of As of Stock options issued and outstanding 3,723,556 4,038,238 RSUs issued and outstanding 6,976,012 7,494,399 Available for future grants 22,253,640 17,564,133 Available for employee stock purchases 6,000,000 6,000,000 Total ordinary shares reserved 38,953,208 35,096,770 Convertible Preference Shares The Company’s board of directors has the authority, for a period of five years from October 10, 2018, without further action by the Company’s shareholders, to issue up to 165 million shares of undesignated convertible preference shares with rights and preferences, including voting rights, designated from time to time by the board of directors. As of July 31, 2023, there were no convertible preference shares issued or outstanding.

Equity Incentive Plans

Equity Incentive Plans	3 Months Ended
	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans 2022 Employee Stock Purchase Plan In August 2022, the Company’s board of directors adopted and, in October 2022, the Company’s shareholders approved the 2022 Employee Stock Purchase Plan (“2022 ESPP”). The Company reserved 6.0 million of the Company’s ordinary shares for future purchase and issuance under the 2022 ESPP in January 2023. The 2022 ESPP allows eligible employees to acquire ordinary shares of the Company at a discount at periodic intervals through accumulated payroll deductions. Eligible employees purchase ordinary shares of the Company during a purchase period at 85% of the market value of the Company’s ordinary shares at either the beginning or end of an offering period, whichever is lower. Offering periods under the 2022 ESPP are approximately six months long and begin on each of March 16 or September 16 or the next trading day thereafter. The first offering period under the 2022 ESPP began on March 16, 2023 and will end on September 15, 2023. 2012 Stock Option Plan In September 2012, the Company’s board of directors adopted and the Company’s shareholders approved the 2012 Stock Option Plan, which was amended and restated in September 2018 and further amended in December 2021 (as amended and restated, the “2012 Plan”). Under the 2012 Plan, the board of directors, the compensation committee, as administrator of the 2012 Plan, and any other duly authorized committee may grant stock options and other equity-based awards, such as Restricted Stock Awards (“RSAs”) or Restricted Stock Units (“RSUs”), which include performance-based RSUs (“PSUs”), to eligible employees, directors, and consultants to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to employees, directors and consultants, and to promote the success of the Company’s business. The Company’s board of directors, compensation committee or other duly authorized committee determines the vesting schedule for all equity-based awards. Stock options and RSUs granted to employees generally vest over four years, subject to the employees’ continued service to the Company. During the three months ended July 31, 2023, the Company granted PSUs that vest over three years with a one-year performance period. The Company’s compensation committee may explicitly deviate from the general vesting schedules in its approval of an equity-based award, as it may deem appropriate. Stock options expire ten years after the date of grant. Stock options, RSAs and RSUs (including PSUs) that are canceled under certain conditions become available for future grant or sale under the 2012 Plan unless the 2012 Plan is terminated. The equity awards available for grant were as follows: Three Months Ended Available at beginning of fiscal year 17,564,133 Awards authorized 4,868,347 Options canceled 49,725 RSUs granted (1) (534,660) RSUs canceled 306,095 Available at end of period 22,253,640 (1) Includes 132,960 PSUs granted during the three months ended July 31, 2023. Stock Options The following table summarizes stock option activity: Stock Options Outstanding Number of Stock Options Outstanding Weighted- Average Exercise Price Remaining Contractual Term (in years) Aggregate Intrinsic Value (in thousands) Balance as of April 30, 2023 4,038,238 $ 32.74 5.35 $ 134,778 Stock options exercised (263,828) $ 14.57 Stock options canceled (49,725) $ 90.38 Stock options assumed in acquisition canceled (1,129) $ 76.29 Balance as of July 31, 2023 3,723,556 $ 33.25 4.97 $ 149,684 Exercisable as of July 31, 2023 3,255,392 $ 26.01 4.58 $ 145,744 Aggregate intrinsic value represents the difference between the exercise price of the stock options to purchase the Company’s ordinary shares and the fair value of the Company’s ordinary shares. The weighted-average grant-date fair value per share of stock options granted was $46.44 for the three months ended July 31, 2022. As of July 31, 2023, the Company had unrecognized stock-based compensation expense of $23.2 million related to unvested stock options that the Company expects to recognize over a weighted-average period of 1.96 years. RSUs The following table summarizes RSU activity under the 2012 Plan: Number of Awards Weighted-Average Grant Date Fair Value Outstanding and unvested at April 30, 2023 7,494,399 $ 74.52 RSUs granted (1) 534,660 $ 68.44 RSUs released (746,952) $ 81.40 RSUs canceled (306,095) $ 74.83 Outstanding and unvested at July 31, 2023 6,976,012 $ 73.31 (1) Includes 132,960 PSUs granted during the three months ended July 31, 2023. During the three months ended July 31, 2023, the Company granted 132,960 PSUs subject to performance and service conditions, with a grant-date fair value of $9.1 million, to certain executives. The PSUs become eligible to vest based on the level of the Company’s achievement against a revenue-based performance goal for fiscal 2024. The amount that may be earned ranges from 0% to 200% of the eligible PSUs. Subject to the executives’ continued service to the Company through the applicable vesting date, one-third of the eligible PSUs will vest following the end of fiscal 2024 and, thereafter, one-eighth of the remaining eligible PSUs will vest on a quarterly basis over two years. Compensation expense related to PSUs is measured at the fair value on the date of grant and recognized over the requisite service period. In the event that an executive’s continuous service to the Company ceases, any associated unvested PSUs will immediately terminate and be forfeited. The Company recognizes forfeitures as they occur. As of July 31, 2023, the Company had unrecognized stock-based compensation expense of $476.5 million related to RSUs that the Company expects to recognize over a weighted-average period of 2.95 years. Stock-Based Compensation Expense Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations was as follows (in thousands): Three Months Ended July 31, 2023 2022 Cost of revenue Subscription $ 2,183 $ 2,160 Services 2,796 2,225 Research and development 22,436 18,710 Sales and marketing 18,839 15,647 General and administrative 10,873 8,141 Total stock-based compensation expense $ 57,127 $ 46,883

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Ordinary Shareholders	3 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Ordinary Shareholders	Net Loss Per Share Attributable to Ordinary Shareholders The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders (in thousands, except share and per share data): Three Months Ended July 31, 2023 2022 Numerator: Net loss $ (48,508) $ (69,551) Denominator: Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted 97,942,049 94,621,365 Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.50) $ (0.74) Since the Company is in a net loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods. The following outstanding potentially dilutive ordinary shares were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because the impact of including them would have been antidilutive: Three Months Ended July 31, 2023 2022 Stock options 3,723,556 4,950,306 RSUs 6,976,012 4,413,451 Employee stock purchase plan 196,399 — Total 10,895,967 9,363,757

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is incorporated in the Netherlands but operates in various countries with differing tax laws and rates. The Company recorded a provision for income taxes of $13.3 million and $2.8 million for the three months ended July 31, 2023 and 2022, respectively. For the three months ended July 31, 2023, the provision for income taxes includes a one-time charge of $7.4 million for income taxes associated with acquisition-related integration. The remaining increase was primarily due to foreign taxes. The calculation of income taxes is based upon the estimated annual effective tax rates for the year applied to the current-period loss before tax plus the tax effect of any significant unusual items, discrete events, or changes in tax law. The Company assesses uncertain tax positions in accordance with ASC 740-10, Accounting for Uncertainties in Tax. The Company anticipates that the amount of reasonably possible unrecognized tax benefits that could decrease over the next twelve months due to the expiration of certain statutes of limitations and settlement of tax audits is not material to the Company’s condensed consolidated financial statements.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Jul. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansThe Company has a defined-contribution plan in the United States intended to qualify under Section 401 of the Internal Revenue Code (the “401(k) Plan”). The Company has contracted with a third-party provider to act as a custodian and trustee, and to process and maintain the records of participant data. Substantially all the expenses incurred for administering the 401(k) Plan are paid by the Company. The 401(k) Plan covers substantially all U.S. employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. The Company makes contributions to the 401(k) Plan up to 6% of the participating employee’s W-2 earnings and wages. The Company recorded $4.8 million and $4.6 million of expense related to the 401(k) Plan during the three months ended July 31, 2023 and 2022, respectively.The Company also has defined-contribution plans in certain other countries for which the Company recorded $3.1 million and $2.3 million of expense during the three months ended July 31, 2023 and 2022, respectively.

Segment Information

Segment Information	3 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The following table summarizes the Company’s total revenue by geographic area based on the location of customers (in thousands): Three Months Ended July 31, 2023 2022 United States $ 170,239 $ 145,367 Rest of world 123,514 104,714 Total revenue $ 293,753 $ 250,081 Other than the United States, no other individual country exceeded 10% or more of total revenue during the periods presented. The following table presents the Company’s long-lived assets, including property and equipment, net, and operating lease right-of-use assets, by geographic region (in thousands): As of As of United States $ 12,412 $ 13,476 The Netherlands 4,316 4,597 United Kingdom 2,341 2,797 India 1,345 1,803 Rest of world 2,055 2,416 Total long-lived assets $ 22,469 $ 25,089

Restructuring and Other Related

Restructuring and Other Related Charges	3 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Restructuring and Other Related ChargesOn November 30, 2022, the Company announced and began implementing a plan to align its investments more closely with its strategic priorities by reducing the Company’s workforce by approximately 13% and implementing certain facilities-related cost optimization actions. For the three months ended July 31, 2023, the Company recorded employee-related severance and other termination benefits of approximately $0.7 million. The following table presents the total amount incurred and the liability, which is recorded in accrued compensation and employee benefits in the condensed consolidated balance sheet, for restructuring-related employee termination benefits as of July 31, 2023 (in thousands): Three Months Ended Beginning balance $ 738 Incurred during the period 725 Paid during the period (539) Foreign currency translation adjustment 8 Ending balance $ 932

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Pay vs Performance Disclosure
Net loss	$ (48,508)	$ (69,551)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated balance sheet as of July 31, 2023, interim condensed consolidated statements of operations, comprehensive loss, and shareholders’ equity for the three months ended July 31, 2023 and 2022, and interim condensed consolidated statements of cash flows for the three months ended July 31, 2023 and 2022 are unaudited. These interim condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, include all normal recurring adjustments necessary to fairly state the Company’s financial position as of July 31, 2023; results of the Company’s operations for the three months ended July 31, 2023 and 2022; statements of shareholders’ equity for the three months ended July 31, 2023 and 2022; and statements of cash flows for the three months ended July 31, 2023 and 2022. The financial data and other financial information disclosed in the notes to these interim condensed consolidated financial statements related to the three month periods are also unaudited. The results for the three months ended July 31, 2023 are not necessarily indicative of the operating results expected for the fiscal year ending April 30, 2024, or any other future period. The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the financial statements of the Company and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). The condensed balance sheet data as of April 30, 2023 was derived from the Company’s audited financial statements, but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2023 filed with the SEC on June 16, 2023 (“the Company’s Annual Report on Form 10-K”).
Fiscal Year	Fiscal Year The Company’s fiscal year ends on April 30. References to fiscal 2024, for example, refer to the fiscal year ended April 30, 2024.
Use of Estimates and Judgments	Use of Estimates and Judgments The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to, allocation of revenue between recognized and deferred amounts, deferred contract acquisition costs, allowance for credit losses, valuation of stock-based compensation, fair value of ordinary shares in periods prior to the Company’s initial public offering, fair value of acquired intangible assets and goodwill, useful lives of acquired intangible assets and property and equipment, whether an arrangement is or contains a lease, discount rate used for operating leases, and valuation allowance for deferred income taxes. The Company bases these estimates on historical and anticipated results, trends and various other assumptions that it believes are reasonable under the circumstances, including assumptions as to future events. Estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require the exercise of judgment. As of the date of issuance of these financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update its estimates, judgments or revise the carrying value of the Company’s assets or liabilities. These estimates may change, as new events occur and additional information is obtained, and are recognized in the consolidated financial statements as soon as they become known. Actual results could differ from those estimates and any such differences may be material to the Company’s financial statements.

Revenue and Performance Oblig_2

Revenue and Performance Obligations (Tables)	3 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from External Customers by Products and Services	The following table presents revenue by category (in thousands): Three Months Ended July 31, 2023 2022 Amount % of Amount % of Elastic Cloud $ 121,172 41 % $ 97,729 39 % Other subscription 149,075 51 % 134,085 54 % Total subscription 270,247 92 % 231,814 93 % Services 23,506 8 % 18,267 7 % Total revenue $ 293,753 100 % $ 250,081 100 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Recurring Basis	The following table summarizes assets that are measured at fair value on a recurring basis as of July 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 197,298 $ — $ — $ 197,298 U.S. treasury securities 40,816 — — 40,816 U.S. agency securities — 4,978 — 4,978 Certificates of deposit — 6,595 — 6,595 Commercial paper — 2,998 — 2,998 Total included in cash and cash equivalents 238,114 14,571 — 252,685 Marketable Securities: Certificates of deposit — 40,347 — 40,347 Commercial paper — 39,516 — 39,516 U.S. treasury securities 68,573 — — 68,573 Corporate debt securities — 138,471 — 138,471 U.S. agency bonds — 39,621 — 39,621 Total marketable securities 68,573 257,955 — 326,528 Total financial assets $ 306,687 $ 272,526 $ — $ 579,213 The following table summarizes assets that are measured at fair value on a recurring basis as of April 30, 2023 (in thousands): Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 194,261 $ — $ — $ 194,261 U.S. agency securities — 27,406 — 27,406 Certificates of deposit — 21,750 — 21,750 Commercial paper — 60,750 — 60,750 Total included in cash and cash equivalents 194,261 109,906 — 304,167 Marketable Securities: Certificates of deposit — 31,645 — 31,645 Commercial paper — 33,735 — 33,735 U.S. treasury securities 47,627 — — 47,627 Corporate debt securities — 118,228 — 118,228 U.S. agency bonds — 39,806 — 39,806 Total marketable securities 47,627 223,414 — 271,041 Total financial assets $ 241,888 $ 333,320 $ — $ 575,208 As of As of Due within 1 year $ 180,067 $ 168,264 Due between 1 year and 3 years 143,971 102,777 Due between 3 years and 5 years 2,490 — Total marketable securities $ 326,528 $ 271,041

Balance Sheet Components (Table

Balance Sheet Components (Tables)	3 Months Ended
	Jul. 31, 2023
Balance Sheet Components [Abstract]
Schedule of Cost and Accumulated Depreciation of Property and Equipment	The cost and accumulated depreciation of property and equipment were as follows (in thousands): Useful Life (in years) As of As of Leasehold improvements Lesser of estimated useful life or remaining lease term $ 11,197 $ 10,081 Computer hardware and software 3 2,980 2,220 Furniture and fixtures 3-5 6,663 6,093 Assets under construction 174 1,734 Total property and equipment 21,014 20,128 Less: accumulated depreciation (15,972) (15,036) Property and equipment, net $ 5,042 $ 5,092
Schedule of Intangible Assets	Intangible assets consisted of the following as of July 31, 2023 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 46,112 $ 24,018 2.5 Customer relationships 19,598 18,766 832 0.2 Trade names 2,872 2,793 79 0.2 Total $ 92,600 $ 67,671 $ 24,929 2.4 Foreign currency translation adjustment (33) Total $ 24,896 Intangible assets consisted of the following as of April 30, 2023 (in thousands): Gross Fair Value Accumulated Amortization Net Book Value Weighted Average Developed technology $ 70,130 $ 43,136 $ 26,994 2.7 Customer relationships 19,598 17,641 1,957 0.4 Trade names 2,872 2,686 186 0.4 Total $ 92,600 $ 63,463 $ 29,137 2.5 Foreign currency translation adjustment (33) Total $ 29,104
Schedule of Amortization Expense for Intangible Assets	Amortization expense for the intangible assets for the three months ended July 31, 2023 and 2022 was as follows (in thousands): Three Months Ended July 31, 2023 2022 Cost of revenue – subscription $ 2,976 $ 2,964 Sales and marketing 1,232 1,231 Total amortization of acquired intangible assets $ 4,208 $ 4,195
Schedule of Expected Future Amortization Expense of Intangible Assets	The expected future amortization expense related to the intangible assets as of July 31, 2023 was as follows (in thousands, by fiscal year): Remainder of 2024 $ 9,775 2025 8,018 2026 5,057 2027 2,046 2028 — Thereafter — Total $ 24,896
Schedule of Changes to Goodwill	The following table represents the changes to goodwill (in thousands): Carrying Amount Balance as of April 30, 2023 $ 303,642 Foreign currency translation adjustment 194 Balance as of July 31, 2023 $ 303,836
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): As of As of Accrued expenses $ 31,368 $ 24,163 Income taxes payable 20,440 9,738 Value added taxes payable 4,005 9,403 Accrued interest 988 6,918 Other 7,652 13,310 Total accrued expenses and other liabilities $ 64,453 $ 63,532
Schedule of Accrued Compensation and Benefits	Accrued compensation and benefits consisted of the following (in thousands): As of As of Accrued vacation $ 30,638 $ 30,026 Accrued commissions 15,368 26,175 Accrued payroll and withholding taxes 8,175 6,586 Other 18,519 13,696 Total accrued compensation and benefits $ 72,700 $ 76,483
Schedule of Unbilled Accounts Receivable, Deferred Contract Acquisition Costs, and Deferred Revenue from Contracts with Customers	The following is a summary of the changes in the Company’s allowance for credit losses (in thousands): Three Months Ended July 31, 2023 2022 Beginning balance $ 3,409 $ 2,700 Bad debt expense 628 186 Accounts written off (704) (636) Ending balance $ 3,333 $ 2,250

Leases (Tables)

Leases (Tables)	3 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Components of Lease Costs	Components of lease costs included in the condensed consolidated statement of operations were as follows (in thousands): Three Months Ended July 31, 2023 2022 Operating lease cost $ 2,855 $ 3,133 Short-term lease cost 474 783 Variable lease cost 237 230 Total lease cost $ 3,566 $ 4,146
Lease Term and Discount Rate Information	Lease term and discount rate information are summarized as follows: As of Weighted average remaining lease term (in years) 2.46 Weighted average discount rate 4.97 %
Future Minimum Lease Payments Based on Current Lease Accounting Standard	Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of July 31, 2023 were as follows (in thousands): Years Ending April 30, Remainder of 2024 $ 9,809 2025 8,426 2026 4,472 2027 1,024 2028 1,106 Thereafter 281 Total minimum lease payments 25,118 Less imputed interest (1,497) Present value of future minimum lease payments 23,621 Less current lease liabilities (11,627) Operating lease liabilities, non-current $ 11,994

Ordinary Shares (Tables)

Ordinary Shares (Tables)	3 Months Ended
	Jul. 31, 2023
Equity [Abstract]
Summary of Ordinary Shares Reserved for Issuance	The Company had reserved ordinary shares for issuance as follows: As of As of Stock options issued and outstanding 3,723,556 4,038,238 RSUs issued and outstanding 6,976,012 7,494,399 Available for future grants 22,253,640 17,564,133 Available for employee stock purchases 6,000,000 6,000,000 Total ordinary shares reserved 38,953,208 35,096,770

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	3 Months Ended
	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Equity Awards Available for Grant	The equity awards available for grant were as follows: Three Months Ended Available at beginning of fiscal year 17,564,133 Awards authorized 4,868,347 Options canceled 49,725 RSUs granted (1) (534,660) RSUs canceled 306,095 Available at end of period 22,253,640
Summary of Stock-based Compensation Expense Related to Tender Offer Included in Consolidated Statement of Operations	Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations was as follows (in thousands): Three Months Ended July 31, 2023 2022 Cost of revenue Subscription $ 2,183 $ 2,160 Services 2,796 2,225 Research and development 22,436 18,710 Sales and marketing 18,839 15,647 General and administrative 10,873 8,141 Total stock-based compensation expense $ 57,127 $ 46,883

Net Loss Per Share Attributab_2

Net Loss Per Share Attributable to Ordinary Shareholders (Tables)	3 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Loss Per Share Attributable to Ordinary Shareholders	The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders (in thousands, except share and per share data): Three Months Ended July 31, 2023 2022 Numerator: Net loss $ (48,508) $ (69,551) Denominator: Weighted-average shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted 97,942,049 94,621,365 Net loss per share attributable to ordinary shareholders, basic and diluted $ (0.50) $ (0.74)
Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Computation of Diluted Net Loss Per Share Attributable to Ordinary Shareholders	The following outstanding potentially dilutive ordinary shares were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because the impact of including them would have been antidilutive: Three Months Ended July 31, 2023 2022 Stock options 3,723,556 4,950,306 RSUs 6,976,012 4,413,451 Employee stock purchase plan 196,399 — Total 10,895,967 9,363,757

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenue by Geographic Area	The following table summarizes the Company’s total revenue by geographic area based on the location of customers (in thousands): Three Months Ended July 31, 2023 2022 United States $ 170,239 $ 145,367 Rest of world 123,514 104,714 Total revenue $ 293,753 $ 250,081
Schedule of Property and Equipment, Net of Depreciation	The following table presents the Company’s long-lived assets, including property and equipment, net, and operating lease right-of-use assets, by geographic region (in thousands): As of As of United States $ 12,412 $ 13,476 The Netherlands 4,316 4,597 United Kingdom 2,341 2,797 India 1,345 1,803 Rest of world 2,055 2,416 Total long-lived assets $ 22,469 $ 25,089

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	3 Months Ended
	Jul. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table presents the total amount incurred and the liability, which is recorded in accrued compensation and employee benefits in the condensed consolidated balance sheet, for restructuring-related employee termination benefits as of July 31, 2023 (in thousands): Three Months Ended Beginning balance $ 738 Incurred during the period 725 Paid during the period (539) Foreign currency translation adjustment 8 Ending balance $ 932

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended
	Jul. 31, 2023 USD ($) Customer	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Foreign currency transaction loss	$ (1,200,000)	$ (1,779,000)
Allowance for doubtful accounts	3,333,000	2,250,000		$ 3,409,000	$ 2,700,000
Impairment of goodwill	0	0	$ 0
Short-term deferred revenue, adjustment	(27,214,000)			(34,248,000)
Reduction in accumulated deficit	(411,723,000)	(393,538,000)		(398,897,000)	(415,433,000)
long-term deferred revenue, adjustment	506,919,000			528,704,000
Accumulated Deficit
Summary Of Significant Accounting Policies [Line Items]
Reduction in accumulated deficit	$ 1,101,835,000	$ 886,717,000		$ 1,053,327,000	$ 817,166,000
Customer Concentration Risk | Net Accounts Receivable
Summary Of Significant Accounting Policies [Line Items]
Number of customers | Customer	1
Customer Concentration Risk | Net Accounts Receivable | Customer One
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage	15%	12%

Revenue and Performance Oblig_3

Revenue and Performance Obligations - Schedule of Revenue by Category (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 293,753	$ 250,081
Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	100%	100%
Total subscription
Disaggregation of Revenue [Line Items]
Total revenue	$ 270,247	$ 231,814
Total subscription | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	92%	93%
SaaS
Disaggregation of Revenue [Line Items]
Total revenue	$ 121,172	$ 97,729
SaaS | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	41%	39%
Self-managed subscription
Disaggregation of Revenue [Line Items]
Total revenue	$ 149,075	$ 134,085
Self-managed subscription | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	51%	54%
Professional services
Disaggregation of Revenue [Line Items]
Total revenue	$ 23,506	$ 18,267
Professional services | Revenue | Product
Disaggregation of Revenue [Line Items]
% of Total Revenue	8%	7%

Revenue and Performance Oblig_4

Revenue and Performance Obligations - Additional Information (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2023 USD ($) Customer	Jul. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 1,118,000
Revenue, remaining performance obligation, percentage	89%
Revenue, remaining performance obligation, remaining duration	24 months
Disaggregation of Revenue [Line Items]
Deferred Revenue, Revenue Recognized	$ 210,300	$ 169,300
Revenue, remaining performance obligation, amount	$ 1,118,000
Revenue, remaining performance obligation, percentage	89%
Revenue, remaining performance obligation, remaining duration	24 months
Amortization of deferred contract acquisition costs	$ 17,572	17,444
Contracts with Customers
Disaggregation of Revenue [Line Items]
Unbilled accounts receivable	$ 2,800	$ 2,200
Revenue | Product
Disaggregation of Revenue [Line Items]
Concentration risk percentage	100%	100%
Revenue, Product and Service Benchmark | Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Number of customers		0
Revenue, Product and Service Benchmark | Customer Concentration Risk | Customer One
Disaggregation of Revenue [Line Items]
Concentration risk percentage	10%
Net Accounts Receivable | Customer Concentration Risk
Disaggregation of Revenue [Line Items]
Number of customers | Customer	1
Net Accounts Receivable | Customer Concentration Risk | Customer One
Disaggregation of Revenue [Line Items]
Concentration risk percentage	15%	12%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets are Measured at Fair Value on Recurring Basis (Details) - Recurring - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 252,685	$ 304,167
Marketable Securities, Fair Value Disclosure	326,528	271,041
Assets, Fair Value Disclosure	579,213	575,208
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	238,114	194,261
Marketable Securities, Fair Value Disclosure	68,573	47,627
Assets, Fair Value Disclosure	306,687	241,888
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	14,571	109,906
Marketable Securities, Fair Value Disclosure	257,955	223,414
Assets, Fair Value Disclosure	272,526	333,320
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	0	0
Assets, Fair Value Disclosure	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	197,298	194,261
Marketable Securities, Fair Value Disclosure	40,347	31,645
Money market funds | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	197,298	194,261
Marketable Securities, Fair Value Disclosure	0	0
Money market funds | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	40,347	31,645
Money market funds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	0	0
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	6,595	21,750
Certificates of Deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Certificates of Deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	6,595	21,750
Certificates of Deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	2,998	60,750
Marketable Securities, Fair Value Disclosure	39,516	33,735
Commercial Paper | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	0	0
Commercial Paper | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	2,998	60,750
Marketable Securities, Fair Value Disclosure	39,516	33,735
Commercial Paper | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	0	0
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Fair Value Disclosure	138,471	118,228
Corporate Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Fair Value Disclosure	0	0
Corporate Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Fair Value Disclosure	138,471	118,228
Corporate Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities, Fair Value Disclosure	0	0
US Treasury Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	40,816
Marketable Securities, Fair Value Disclosure	68,573	47,627
US Treasury Bond Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	40,816
Marketable Securities, Fair Value Disclosure	68,573	47,627
US Treasury Bond Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0
Marketable Securities, Fair Value Disclosure	0	0
US Treasury Bond Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0
Marketable Securities, Fair Value Disclosure	0	0
US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	4,978	27,406
Marketable Securities, Fair Value Disclosure	39,621	39,806
US Government Agencies Debt Securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	0	0
US Government Agencies Debt Securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	4,978	27,406
Marketable Securities, Fair Value Disclosure	39,621	39,806
US Government Agencies Debt Securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Marketable Securities, Fair Value Disclosure	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 497
Debt Instrument, Interest Rate, Stated Percentage			4.125%
Interest Income, Interest-Earning Asset	$ 6	$ 1.3

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value by Maturity Date (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Due within 1 year	$ 180,067	$ 168,264
Due between 1 year and 3 years	143,971	102,777
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year Three Through Five	2,490	0
Total marketable securities	$ 326,528	$ 271,041

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Business Acquisition [Line Items]
Goodwill	$ 303,836	$ 303,642

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Cost and Accumulated Depreciation of Property and Equipment (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 21,014	$ 20,128
Less: accumulated depreciation	(15,972)	(15,036)
Property and equipment, net	5,042	5,092
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 11,197	10,081
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Total property and equipment	$ 2,980	2,220
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 6,663	6,093
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Assets under construction
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 174	$ 1,734

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($)	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2021
Balance Sheet Components [Abstract]
Depreciation expense	$ 800,000	$ 1,000,000
Goodwill impairment	0	0	$ 0
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 800,000	$ 1,000,000

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value	$ 92,600		$ 92,600
Accumulated Amortization	67,671		63,463
Net Book Value	$ 24,929		29,137
Weighted Average Remaining Useful Life (in years)	2 years 4 months 24 days	2 years 6 months
Foreign currency translation adjustment	$ (33)		(33)
Total	24,896		29,104
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value	70,130		70,130
Accumulated Amortization	46,112		43,136
Net Book Value	$ 24,018		26,994
Weighted Average Remaining Useful Life (in years)	2 years 6 months	2 years 8 months 12 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value	$ 19,598		19,598
Accumulated Amortization	18,766		17,641
Net Book Value	$ 832		1,957
Weighted Average Remaining Useful Life (in years)	2 months 12 days	4 months 24 days
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Fair Value	$ 2,872		2,872
Accumulated Amortization	2,793		2,686
Net Book Value	$ 79		$ 186
Weighted Average Remaining Useful Life (in years)	2 months 12 days	4 months 24 days

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Amortization Expense For Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	$ 4,208	$ 4,195
Foreign currency translation adjustment	(33)		$ (33)
Total	24,896		$ 29,104
Cost of revenue | Subscription - self-managed and SaaS
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	2,976	2,964
Sales and marketing
Finite-Lived Intangible Assets [Line Items]
Total amortization of acquired intangible assets	$ 1,232	$ 1,231

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Expected Future Amortization Expense of the Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 9,775
2025	8,018
2026	5,057
2027	2,046
2028	0
Thereafter	0
Total	$ 24,896	$ 29,104

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Changes to Goodwill (Details) $ in Thousands	3 Months Ended
	Jul. 31, 2023 USD ($)
Goodwill [Roll Forward]
Addition from acquisitions	$ 303,642
Foreign currency translation adjustment	194
Ending balance	$ 303,836

Balance Sheet Components - Sc_6

Balance Sheet Components - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Balance Sheet Components [Abstract]
Accrued expenses	$ 31,368	$ 24,163
Income taxes payable	20,440	9,738
Value added taxes payable	4,005	9,403
Other	7,652	13,310
Total accrued expenses and other liabilities	64,453	63,532
Accrued interest on Senior Notes	$ 988	$ 6,918

Balance Sheet Components - Sc_7

Balance Sheet Components - Schedule of Accrued Compensation and Benefits (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Balance Sheet Components [Abstract]
Accrued vacation	$ 30,638	$ 30,026
Accrued commissions	15,368	26,175
Accrued payroll and withholding taxes	8,175	6,586
Other	18,519	13,696
Total accrued compensation and benefits	$ 72,700	$ 76,483

Balance Sheet Components - Liab

Balance Sheet Components - Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Beginning balance	$ 3,409	$ 2,700
Bad debt expense	628	186
Accounts written off	(704)	(636)
Ending balance	$ 3,333	$ 2,250

Debt (Details)

Debt (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jul. 31, 2021	Jul. 31, 2023	Jul. 31, 2022	Apr. 30, 2023
Debt Disclosure [Abstract]
Proceeds from Issuance of Senior Long-term Debt	$ 575,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.125%
Long-term debt, net		$ 567,806,000		$ 567,543,000
Long-term Debt, Gross		575,000,000		575,000,000
Debt Issuance Costs, Net		(7,194,000)		(7,457,000)
Interest Expense, Debt, Excluding Amortization		5,930,000	$ 5,930,000
Amortization of debt issuance costs		263,000	252,000
Interest Expense, Debt		6,193,000	6,182,000
Debt Instrument [Line Items]
Proceeds from Issuance of Senior Long-term Debt	$ 575,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.125%
Long-term debt, net		567,806,000		567,543,000
Long-term Debt, Gross		575,000,000		575,000,000
Debt Issuance Costs, Net		7,194,000		$ 7,457,000
Interest Expense, Debt, Excluding Amortization		5,930,000	5,930,000
Amortization of debt issuance costs		263,000	252,000
Interest Expense, Debt		$ 6,193,000	$ 6,182,000
Senior Notes
Debt Disclosure [Abstract]
Proceeds from Issuance of Senior Long-term Debt	$ 575,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.125%
Long-term debt, net	$ 565,700,000
underwriting commissions	7,200,000
Other issuance cost	2,100,000
Debt Issuance Costs, Gross	9,300,000
Debt Instrument [Line Items]
Proceeds from Issuance of Senior Long-term Debt	$ 575,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.125%
Long-term debt, net	$ 565,700,000
underwriting commissions	7,200,000
Other issuance cost	2,100,000
Debt Issuance Costs, Gross	$ 9,300,000
Repurchase of debt (as a percent)	101%
Debt Instrument, Redemption, Period One | Senior Notes
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Redemption price of principal (as a percent)	40%
Debt Instrument, Redemption, Period Two | Senior Notes
Debt Instrument [Line Items]
Redemption price (as a percent)	104.125%
Debt Instrument, Redemption, Period Three | Senior Notes
Debt Instrument [Line Items]
Redemption price (as a percent)	100%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	3 Months Ended
	Jul. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding amount	$ 2,300,000
Provision for indemnification claims	$ 0

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease cost	$ 2,855	$ 3,133
Short-term lease cost	474	783
Variable lease cost	237	230
Total lease cost	$ 3,566	$ 4,146

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate Information (Details)	Jul. 31, 2023
Leases [Abstract]
Weighted average remaining lease term (in years)	2 years 5 months 15 days
Weighted average discount rate	4.97%

Leases - Future Minimum Lease B

Leases - Future Minimum Lease Based on Current Lease Accounting Standard (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Leases [Abstract]
Remainder of 2024	$ 9,809
2025	8,426
2026	4,472
2027	1,024
2028	1,106
Thereafter	281
Total minimum lease payments	25,118
Less imputed interest	(1,497)
Present value of future minimum lease payments	23,621
Less current lease liabilities	(11,627)	$ (12,749)
Operating lease liabilities, non-current	$ 11,994	$ 13,942

Ordinary Shares - Additional In

Ordinary Shares - Additional Information (Details)		3 Months Ended
	Oct. 10, 2018 shares	Jul. 31, 2023 € / shares	Jul. 31, 2023 USD ($) shares	Apr. 30, 2023 shares
Class of Stock [Line Items]
Ordinary shares, shares authorized (in shares)			165,000,000
Ordinary shares, voting rights		one vote per ordinary share
Dividends declared | $			$ 0
Convertible Preference Shares
Class of Stock [Line Items]
Preferred stock, shares authorized term	5 years
Preference shares, shares authorized (in shares)	165,000,000		165,000,000	165,000,000
Preference shares, shares issued (in shares)			0	0
Preference shares, shares outstanding (in shares)			0	0
Maximum
Class of Stock [Line Items]
Par value of shares issued ( in € / shares) | € / shares		€ 0.01

Ordinary Shares - Summary of Or

Ordinary Shares - Summary of Ordinary Shares Reserved for Issuance (Details) - shares	Jul. 31, 2023	Apr. 30, 2023
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	38,953,208	35,096,770
Stock options
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	3,723,556	4,038,238
RSUs
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	6,976,012	7,494,399
2012 Plan
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	22,253,640	17,564,133
Employee Stock Purchase Plan 2022
Class of Stock [Line Items]
Total ordinary shares reserved (in shares)	6,000,000	6,000,000

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Aug. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Share-Based Payment Arrangement [Abstract]
Unrecognized stock-based compensation expense related to unvested stock options		$ 23.2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		23.2
Weighted-average grant-date fair value of options granted (in dollar per share)			$ 46.44
Equity Settled RSUs
Share-Based Payment Arrangement [Abstract]
Unrecognized stock-based compensation expense related to unvested stock options		476.5
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense related to unvested stock options		476.5
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding		$ 9.1
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEarnRatePercentOfSharesGranted		0%
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEarnRatePercentOfSharesGranted		20,000%
Employee Stock Purchase Plan 2022 | ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Value of shares reserved	$ 6
Purchase price of common stock, percent of market price	85%
Purchase period (in months)	6 months
New Employee | 2012 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting term (in years)		4 years

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Equity Awards Available for Grant (Details)	3 Months Ended
	Jul. 31, 2023 shares
Equity Awards, Outstanding [Roll Forward]
Available at beginning of fiscal year (in shares)	17,564,133
Awards authorized (in shares)	4,868,347
Options cancelled (in shares)	49,725
Available at end of fiscal year (in shares)	22,253,640
RSUs
Equity Awards, Outstanding [Roll Forward]
RSUs granted (in shares)	(534,660)
RSUs cancelled (in shares)	306,095
Performance Shares
Equity Awards, Outstanding [Roll Forward]
RSUs granted (in shares)	(132,960)

Equity Incentive Plans - Summ_2

Equity Incentive Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Stock options
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Aggregate Intrinsic Value Rollforward
Unrecognized over a weighted-average period (in years)	1 year 11 months 15 days
2012 Plan
Options, Outstanding Number [Roll Forward]
Beginning balance (in shares)	4,038,238
Stock options assumed in acquisition (in dollars per share)	$ 14.57
Stock options assumed in acquisition (in shares)	(263,828)
Stock options exercised (in shares)	(49,725)
Stock options cancelled (in shares)	(1,129)
Exercisable as of April 30, 2021 (in dollars per share)	$ 26.01
Exercisable as of April 30, 2021 (in shares)	3,255,392
Ending balance (in shares)	3,723,556
Options Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance (in dollars per share)	$ 32.74
Stock options exercised (in dollars per share)	90.38
Stock options cancelled (in dollars per share)	76.29
Ending balance (in dollars per share)	$ 33.25
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term Rollforward
Remaining Contractual Term (in years)	4 years 11 months 19 days	5 years 4 months 6 days
Exercisable, Remaining Contractual Term (in years)	4 years 6 months 29 days
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Aggregate Intrinsic Value Rollforward
Beginning balance	$ 134,778
Ending balance	149,684
Exercisable as of April 30, 2021	$ 145,744

Equity Incentive Plans - Summ_3

Equity Incentive Plans - Summary of RSU Activity (Details)	3 Months Ended
	Jul. 31, 2023 $ / shares shares
RSUs
Non-option Awards, Outstanding Number [Roll Forward]
Number of Awards, RSUs granted (in shares)	534,660
Number of Awards, RSUs cancelled (in shares)	(306,095)
Non-option Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Unrecognized over a weighted-average period (in years)	2 years 11 months 12 days
Performance Shares
Non-option Awards, Outstanding Number [Roll Forward]
Number of Awards, RSUs granted (in shares)	132,960
2012 Plan | RSUs
Non-option Awards, Outstanding Number [Roll Forward]
Number of Awards Outstanding and unvested at Beginning of Year ((in shares)	7,494,399
Number of Awards, RSUs granted (in shares)	534,660
Number of Awards, RSUs released (in shares)	(746,952)
Number of Awards, RSUs cancelled (in shares)	(306,095)
Number of Awards Outstanding and unvested at Year End (in shares)	6,976,012
Non-option Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted-Average Grant Date Fair Value, Outstanding and unvested, Beginning of Year (in dollar per share) | $ / shares	$ 74.52
Weighted-Average Grant Date Fair Value, RSUs granted (in dollar per share) | $ / shares	68.44
Weighted-Average Grant Date Fair Value, RSUs released (in dollar per share) | $ / shares	81.40
Weighted-Average Grant Date Fair Value, RSUs cancelled (in dollar per share) | $ / shares	74.83
Weighted-Average Grant Date Fair Value, Outstanding and unvested, End of Year (in dollar per share) | $ / shares	$ 73.31

Equity Incentive Plans - Summ_4

Equity Incentive Plans - Summary of Stock-based Compensation Expense Recognized in Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 57,127	$ 46,883
Subscription
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,183	2,160
Services
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	2,796	2,225
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	22,436	18,710
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	18,839	15,647
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 10,873	$ 8,141

Net Loss Per Share Attributab_3

Net Loss Per Share Attributable to Ordinary Shareholders - Schedule of Computation of Basic and Diluted Net Loss Per Share Attributable to Ordinary Shareholders (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Numerator:
Net loss	$ (48,508)	$ (69,551)
Denominator:
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted (in shares)	97,942,049	94,621,365
Net loss per share attributable to ordinary shareholders, basic (in dollars per share)	$ (0.50)	$ (0.74)

Net Loss Per Share Attributab_4

Net Loss Per Share Attributable to Ordinary Shareholders - Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Computation of Diluted Net Loss Per Share Attributable to Ordinary Shareholders (Details) - shares	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	10,895,967	9,363,757
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,723,556	4,950,306
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	6,976,012	4,413,451
ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	196,399	0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Tax Provision Adjustment - acquisition related	$ 7,400
Provision for income taxes	$ 13,255	$ 2,848

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
United States
Defined Contribution Plan Disclosure [Line Items]
Defined contribution expense related to plan	$ 4.8	$ 4.6
Other Countries
Defined Contribution Plan Disclosure [Line Items]
Defined contribution expense related to plan	$ 3.1	$ 2.3
Maximum | United States
Defined Contribution Plan Disclosure [Line Items]
Percentage of defined contribution to participating employees	6%

Segment Information - Schedule

Segment Information - Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 293,753	$ 250,081
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	170,239	145,367
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 123,514	$ 104,714

Segment Information - Schedul_2

Segment Information - Schedule of Property and Equipment, Net of Depreciation (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Apr. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 22,469	$ 25,089
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	12,412	13,476
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2,341	2,797
INDIA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	1,345	1,803
Rest of world
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	2,055	2,416
NETHERLANDS
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 4,316	$ 4,597

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Additional Information (Details)	Nov. 30, 2022
Employee Severance
Restructuring Cost and Reserve [Line Items]
Decrease in workforce (as a percent)	13%

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Summary of Restructuring Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring and other related charges	$ 725	$ 0
Employee Severance
Restructuring Cost and Reserve [Line Items]
Beginning balance	738
Restructuring and other related charges	725
Paid during the period	(539)
Foreign currency translation adjustment	8
Ending balance	$ 932

Uncategorized Items - estc-2023

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	$ 863,637,000