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Segment Reporting | 9 Months Ended
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Oct. 31, 2025
Segment Reporting [Abstract] |
Segment Reporting | 15. Segment Reporting The Company operates as a single operating and reportable segment and derives substantially all of its revenue from development and sales of low-power AI-based processing and video and image processing SoC solutions. In determination of a reportable segment, the Company considers the research and development deployed, the nature of production process, the distribution channels of SoCs, as well as the Company’s management structure. The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (the CODM) and manages the Company’s operations as a whole. The CODM uses net loss presented on a consolidated basis to evaluate the financial performance and allocate resources. The CODM also monitors budget versus actual results of the operating segment. The measure of reportable segment assets is reported within the condensed consolidated balance sheets as total assets. The accounting policies for the measurement of net loss and total assets of the reportable segment have been described in the Note 1, Organization and Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the 2025 fiscal year filed with the SEC on March 28, 2025. Geographic Revenue The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.
|  | Three Months Ended October 31, |  |  | Nine Months Ended October 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Taiwan |  | $ | 75,961 |  |  | $ | 54,612 |  |  | $ | 197,997 |  |  | $ | 128,127 |
Asia Pacific other than Taiwan |  |  | 20,177 |  |  |  | 15,733 |  |  |  | 54,525 |  |  |  | 42,103 |
Europe |  |  | 3,181 |  |  |  | 5,991 |  |  |  | 16,610 |  |  |  | 15,934 |
North America other than United States |  |  | 7,353 |  |  |  | 5,756 |  |  |  | 16,695 |  |  |  | 12,033 |
United States |  |  | 1,780 |  |  |  | 561 |  |  |  | 4,008 |  |  |  | 2,653 |
Total revenue |  | $ | 108,452 |  |  | $ | 82,653 |  |  | $ | 289,835 |  |  | $ | 200,850 |
Substantially all of the Company’s property and equipment were located in the United States, Taiwan, Europe and Asia Pacific region other than Taiwan. As of October 31, 2025, the net amount of fixed assets located in these regions was approximately $5.6 million, $3.8 million, $1.1 million and $0.2 million, respectively. As of January 31, 2025, the net amount of these fixed assets located in these regions was approximately $3.7 million, $4.0 million, $1.1 million and $0.3 million, respectively. Additional Segment Information The following table presents the significant segment expenses included in the condensed consolidated net loss for the periods indicated:
|  | Three Months Ended October 31, |  |  | Nine Months Ended October 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Total revenue |  | $ | 108,452 |  |  | $ | 82,653 |  |  | $ | 289,835 |  |  | $ | 200,850 |
Less cost and expense: |  |  |  |  |  |  |  |  |  |  |  |
Product cost |  |  | 42,452 |  |  |  | 30,949 |  |  |  | 112,823 |  |  |  | 74,291 |
Employee-related |  |  | 32,828 |  |  |  | 28,820 |  |  |  | 96,353 |  |  |  | 86,282 |
Stock-based compensation |  |  | 25,741 |  |  |  | 26,847 |  |  |  | 77,059 |  |  |  | 80,495 |
Semiconductor development cost |  |  | 9,227 |  |  |  | 8,684 |  |  |  | 23,828 |  |  |  | 21,288 |
Tools & equipment |  |  | 6,422 |  |  |  | 6,217 |  |  |  | 21,849 |  |  |  | 18,186 |
Professional services |  |  | 3,924 |  |  |  | 3,582 |  |  |  | 11,415 |  |  |  | 11,724 |
Facilities-related |  |  | 3,342 |  |  |  | 2,708 |  |  |  | 8,890 |  |  |  | 8,172 |
Other segment items (a) |  |  | 1,813 |  |  |  | 1,065 |  |  |  | 3,592 |  |  |  | 3,868 |
Interest income |  |  | (2,190 | ) |  |  | (2,148 | ) |  |  | (6,544 | ) |  |  | (6,564 | )
Net loss |  | $ | (15,107 | ) |  | $ | (24,071 | ) |  | $ | (59,430 | ) |  | $ | (96,892 | )
(a) The other segment items include amortization of intangible assets acquired from business combinations, non-operating (income) expenses, income tax provision (benefit) and other immaterial items. Major Customers For the three and nine months ended October 31, 2025, the customer representing 10% or more of revenue was WT, which accounted for approximately 70.2% and 68.4% of total revenue, respectively. In the prior fiscal year, the customers representing 10% or more of revenue were WT and Chicony, which accounted for approximately 66.1% and 10.7% of total revenue for the three months ended October 31, 2024, respectively, and accounted for approximately 63.8% and 10.2% of total revenue for the nine months ended October 31, 2024, respectively. Accounts receivable with WT was approximately $24.7 million and $12.3 million as of October 31, 2025 and January 31, 2025, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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