Balance Sheet Components

6 Months Ended

Aug. 02, 2025

Disclosure Text Block Supplement [Abstract]

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


	As of
	August 2, 2025		February 1, 2025






Raw materials	$	7,269	$	8,452
Finished goods	40,307		30,459
Total inventories	$	47,576	$	38,911

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


	As of
	August 2, 2025		February 1, 2025
Gross property and equipment:
Computers and equipment	$	14,794	$	6,579
Leasehold improvements	48,498		48,551
Furniture and fixtures	17,625		17,464
Internal-use software costs (1)	65,834		51,410
Total gross property and equipment	146,751		124,004
Accumulated depreciation and amortization (2)	(76,313)		(65,853)
Property and equipment, net (2)	$	70,438	$	58,151

__________

(1)$14.4 million has been capitalized since February 1, 2025.

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

The Company’s internal-use software costs included $2.3 million and $4.1 million of capitalized stock-based compensation expense for the three and six months ended August 2, 2025, respectively, and $1.1 million and $2.3 million of capitalized stock-based compensation expense for the three and six months ended August 3, 2024, respectively.

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


	Three Months Ended				Six Months Ended
	August 2, 2025		August 3, 2024		August 2, 2025		August 3, 2024
Depreciation and amortization expense (1)	$	5,399	$	4,633	$	10,541	$	9,088

__________

(1)Included in these amounts were the amortization of capitalized internal-use software costs of $3.3 million and $6.3 million for the three and six months ended August 2, 2025, respectively, and $2.1 million and $4.0 million for the three and six months ended August 3, 2024, respectively.