Balance Sheet Components

12 Months Ended

Feb. 01, 2025

Disclosure Text Block Supplement [Abstract]

Inventories—Inventories consist of the following (in thousands):


	As of
	February 1, 2025		February 3, 2024






Raw materials	$	8,452	$	261
Finished goods	30,459		21,977
Total inventories	$	38,911	$	22,238

Property and Equipment, Net—Property and equipment, net, comprises the following (in thousands):


	As of
	February 1, 2025		February 3, 2024
Gross property and equipment:
Computers and equipment	$	6,579	$	1,758
Leasehold improvements	48,551		50,524
Furniture and fixtures	17,464		22,273
Internal-use software development costs (1)	51,410		32,137
Total gross property and equipment	124,004		106,692
Accumulated depreciation and amortization (2)	(65,853)		(51,723)
Property and equipment, net (2)	$	58,151	$	54,969

__________

(1)Amounts capitalized during the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023 were $19.3 million, $9.7 million, and $6.3 million, respectively. The Company’s internal-use software development costs also included $4.8 million, $2.5 million, and $1.6 million of stock-based compensation costs for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, respectively.

(2)During the fiscal year ended February 1, 2025, the Company wrote off $4.0 million of fully depreciated assets as they were no longer in use.

Depreciation and amortization of property and equipment included on the Company’s consolidated statements of operations and comprehensive loss was as follows (in thousands):


	Fiscal Year Ended
		February 1, 2025		February 3, 2024		January 28, 2023
Depreciation and amortization expense (1)		$	20,649	$	15,526	$	11,768

__________

(1)Included in these amounts were the amortization of capitalized internal-use software development costs of $9.0 million, $4.8 million and $3.9 million for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, respectively.

Cloud Computing Arrangement Implementation Costs—Capitalized costs related to the implementation of cloud computing arrangements that are service contracts are included in “Prepaid expenses and other current assets” and “Other assets, non-current” on the consolidated balance sheets, and had a gross balance of $0.2 million and $0.5 million, respectively, as of February 1, 2025, and $0.1 million and $0.5 million, respectively, as of February 3, 2024. Amortization for these costs commenced in the first fiscal quarter of 2025 and was $0.2 million for the fiscal year ended February 1, 2025.