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Segment Information (Tables)

12 Months Ended

Feb. 01, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The table below presents selected financial information for the Company’s single operating segment for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023 (in thousands):

									Fiscal Year Ended
															February 1, 2025						February 3, 2024						January 28, 2023
Revenue															$	1,249,199					$	937,385					$	652,545
Cost of revenue (1) (2)															92,737						82,651						61,770
Research and development (1)															199,470						168,828						124,667
Sales and marketing (1) (3)															454,734						358,511						259,591
General and administrative (1)															153,517						130,403						118,312
Stock-based compensation expense															277,870						237,082						177,473
Amortization of IoT device costs															121,845						99,883						67,507
Cloud and cellular infrastructure costs															71,614						52,541						44,197
Sales commissions															62,507						57,406						57,427
Other segment items (4)															4,878						73,427						1,056
Segment operating loss															$	(189,973)					$	(323,347)					$	(259,455)
Interest income and other income, net (5)															39,559						39,964						15,620
Provision for income taxes															4,493						3,343						3,587
Segment net loss															$	(154,907)					$	(286,726)					$	(247,422)

__________

(1)These segment expenses exclude stock-based compensation expense, which is presented separately as an additional significant segment expense.

(2)Cost of revenue also excludes amortization of IoT device costs and cloud and cellular infrastructure costs, which are presented separately as additional significant segment expenses.

(3)Sales and marketing also excludes sales commissions, which is presented separately as an additional significant segment expense.

(4)Other segment items consist of legal settlement and lease modification, impairment, and related charges.

(5)This includes interest income of $42.3 million, $40.1 million, and $15.1 million for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, respectively.

Schedule of Disaggregation of Revenue

The following table presents the Company’s revenue disaggregated by geography, based on the location of the Company’s customers (in thousands):

									Fiscal Year Ended
															February 1, 2025						February 3, 2024						January 28, 2023
United States															$	1,082,481					$	821,885					$	581,755
Other (1)															166,718						115,500						70,790
Total revenue															$	1,249,199					$	937,385					$	652,545

__________

(1)No individual country other than the United States exceeded 10% of the Company’s total revenue for any period presented.

Schedule of Long-lived Assets by Geographic Areas

The following table presents the Company’s long-lived assets, net, disaggregated by geography, which consist of property and equipment, net, and operating lease ROU assets (in thousands):

			As of
			February 1, 2025						February 3, 2024
United States			$	118,808					$	129,988
Other (1)			4,207						6,955
Total long-lived assets, net			$	123,015					$	136,943

__________

(1)No individual country other than the United States exceeded 10% of the Company’s total long-lived assets, net, for any period presented.

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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