NOTE 13. SEGMENT INFORMATION

Our chief operating decision maker ("CODM") is our Chief Executive Officer, who reviews financial information presented on a consolidated basis. Accordingly, we have a single operating and reportable segment. The CODM uses net income, as reported on our consolidated statements of operations, as the measure of segment profit or loss to allocate resources and evaluate financial performance. The significant expenses regularly provided to the CODM are those expenses presented in our consolidated statements of operations and related notes to consolidated financial statements. There is no expense or asset information that is supplemental to the information disclosed in these consolidated financial statements.

The following table sets forth revenue by geographic location based on bill-to location:

 

 

 

Fiscal Year Ended July 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

 

(in thousands)

 

United States

 

$

1,039,294

 

 

$

1,189,213

 

 

$

1,409,367

 

Europe, the Middle East and Africa

 

 

471,367

 

 

 

563,281

 

 

 

685,569

 

Asia Pacific

 

 

309,138

 

 

 

348,952

 

 

 

392,744

 

Other Americas

 

 

43,096

 

 

 

47,370

 

 

 

50,247

 

Total revenue

 

$

1,862,895

 

 

$

2,148,816

 

 

$

2,537,927

 

For the fiscal years ended July 31, 2023, 2024 and 2025, no individual country, other than the United States, accounted for more than 10% of total revenue.

The following table sets forth long-lived assets, which primarily include property and equipment, net, by geographic location:

 

 

 

As of

 

 

 

July 31,
2024

 

 

July 31,
2025

 

 

 

(in thousands)

 

United States

 

$

102,873

 

 

$

108,921

 

International

 

 

33,307

 

 

 

33,893

 

Total long-lived assets

 

$

136,180

 

 

$

142,814

 

Historical Timeline

Fiscal YearFiled
2025Sep 24, 2025Showing above
2024Sep 19, 2024
2023Sep 21, 2023
2022Sep 21, 2022
2021Sep 21, 2021
2020Sep 23, 2020
2019Sep 24, 2019
2018Sep 24, 2018
2017Sep 18, 2017

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.