Defined Contribution Plan

9 Months Ended

Apr. 30, 2024

Retirement Benefits [Abstract]

Defined Contribution Plan

Note 19—Defined Contribution Plan

The Company maintains a 401(k) Plan available to all employees meeting certain eligibility criteria. The plan permits participants to contribute up to the maximum amount allowed by law. The plan provides for discretionary matching contributions that vest over the first five years of employment. The plan permits discretionary matching contributions to be granted as of December 31 of each year. All contributions made by participants vest immediately into the participant’s account. In the three and nine months ended April 30, 2024, the Company contributed cash of $1.1 million to the Company’s 401(k) Plan for matching contributions.