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Segment Information (Tables)

9 Months Ended

Nov. 01, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The table below presents selected financial information for the single operating segment for the nine months ended November 1, 2025 and November 2, 2024 (in thousands):

			Three Months Ended												Nine Months Ended
			November 1, 2025						November 2, 2024						November 1, 2025						November 2, 2024
Revenue			$	415,975					$	321,981					$	1,174,339					$	902,909
Cost of revenue (1) (2)			27,649						23,725						78,293						67,966
Research and development (1)			55,323						50,091						167,298						150,164
Sales and marketing (1) (3)			126,922						112,222						381,290						341,671
General and administrative (1)			43,268						42,016						132,415						115,908
Stock-based compensation expense			77,843						72,592						236,057						208,852
Amortization of connected device costs			37,129						30,298						105,652						88,570
Cloud and cellular costs			28,633						18,963						76,269						52,292
Sales commissions			20,929						15,835						58,660						45,438
Other segment items (4)			—						3,609						—						3,609
Segment operating loss			$	(1,721)					$	(47,370)					$	(61,595)					$	(171,561)
Interest income and other income, net (5)			10,816						10,057						34,965						29,767
Provision for income taxes			1,329						493						4,525						1,911
Segment net income (loss)			$	7,766					$	(37,806)					$	(31,155)					$	(143,705)

__________

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

(2)Cost of revenue also excludes amortization of connected device costs and cloud and cellular costs, which are presented separately.

(3)Sales and marketing also excludes sales commissions, which is presented separately.

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

(5)This includes interest income of $11.6 million and $34.3 million for the three and nine months ended November 1, 2025, respectively, and $10.7 million and $31.7 million for the three and nine months ended November 2, 2024, 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):

			Three Months Ended												Nine Months Ended
			November 1, 2025						November 2, 2024						November 1, 2025						November 2, 2024
United States			$	355,188					$	278,979					$	1,007,241					$	782,429
Other (1)			60,787						43,002						167,098						120,480
Total revenue			$	415,975					$	321,981					$	1,174,339					$	902,909

__________

(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
			November 1, 2025						February 1, 2025
United States			$	130,635					$	118,808
Other (1)			10,080						4,207
Total long-lived assets, net			$	140,715					$	123,015

__________

(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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