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Leases
 6 Months Ended
Aug. 02, 2025
Leases [Abstract]  
Leases Leases
The Company leases office space under operating lease agreements that are non-cancelable and have remaining lease terms ranging from one year to approximately six years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities.
The components of operating lease expense were as follows (in thousands):
Three Months EndedSix Months Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Operating lease cost$4,672 $5,700 $9,413 $11,397 
Short-term lease cost357 182 710 389 
Sublease income(358)(345)(716)(690)
Total lease cost$4,671 $5,537 $9,407 $11,096 
Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):
Three Months EndedSix Months Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Cash paid for operating leases$6,412 $7,021 $12,631 $13,933 
Operating lease right-of-use (“ROU”) assets obtained under operating leases$— $— $6,768 $— 
As of
August 2, 2025February 1, 2025
Weighted-average remaining lease term—operating leases (in years)5.25.5
Weighted-average discount rate—operating leases5.36%5.02%
Future minimum lease payments included in the measurement of operating lease liabilities as of August 2, 2025 were as follows (in thousands):
Fiscal Years EndingAmount
Remainder of 2026$7,642 
202717,487 
202816,034 
202915,744 
203015,223 
2031 and thereafter17,222 
Total future minimum lease payments (1)
89,352 
Less: imputed interest(12,174)
Total operating lease liabilities$77,178 
__________
(1)The contractual commitment amounts under operating leases in the table above are primarily related to facility leases for the corporate office facilities in San Francisco, California, as well as other offices for local operations.
Fiscal year 2026 lease modification
In March 2025, the Company amended the lease for certain office space, which resulted in additional operating lease liabilities arising from obtaining ROU assets of $6.8 million.
Finance leases
In addition to its operating leases, the Company has non-cancelable finance leases for equipment. The balances for finance leases were immaterial as of August 2, 2025 and February 1, 2025 and were recorded in “Other assets,” “Accrued expenses and other current liabilities,” and “Other liabilities” on the condensed consolidated balance sheets.
Leases Leases
The Company leases office space under operating lease agreements that are non-cancelable and have remaining lease terms ranging from one year to approximately six years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities.
The components of operating lease expense were as follows (in thousands):
Three Months EndedSix Months Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Operating lease cost$4,672 $5,700 $9,413 $11,397 
Short-term lease cost357 182 710 389 
Sublease income(358)(345)(716)(690)
Total lease cost$4,671 $5,537 $9,407 $11,096 
Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):
Three Months EndedSix Months Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Cash paid for operating leases$6,412 $7,021 $12,631 $13,933 
Operating lease right-of-use (“ROU”) assets obtained under operating leases$— $— $6,768 $— 
As of
August 2, 2025February 1, 2025
Weighted-average remaining lease term—operating leases (in years)5.25.5
Weighted-average discount rate—operating leases5.36%5.02%
Future minimum lease payments included in the measurement of operating lease liabilities as of August 2, 2025 were as follows (in thousands):
Fiscal Years EndingAmount
Remainder of 2026$7,642 
202717,487 
202816,034 
202915,744 
203015,223 
2031 and thereafter17,222 
Total future minimum lease payments (1)
89,352 
Less: imputed interest(12,174)
Total operating lease liabilities$77,178 
__________
(1)The contractual commitment amounts under operating leases in the table above are primarily related to facility leases for the corporate office facilities in San Francisco, California, as well as other offices for local operations.
Fiscal year 2026 lease modification
In March 2025, the Company amended the lease for certain office space, which resulted in additional operating lease liabilities arising from obtaining ROU assets of $6.8 million.
Finance leases
In addition to its operating leases, the Company has non-cancelable finance leases for equipment. The balances for finance leases were immaterial as of August 2, 2025 and February 1, 2025 and were recorded in “Other assets,” “Accrued expenses and other current liabilities,” and “Other liabilities” on the condensed consolidated balance sheets.