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Composition of Certain Financial Statement Items (Tables) | 9 Months Ended
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Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Inventories | Inventories consisted of the following:
| October 31, 2023 |  | January 31, 2023
| (in thousands)
Raw materials | $ | 4,129 |  |  | $ | 11,509 |
Finished goods and components | 194,991 |  |  | 57,221 |
Total Inventories | $ | 199,120 |  |  | $ | 68,730 |
Schedule of Other Current Assets | Prepaid expense and other current assets consisted of the following:
| October 31, 2023 |  | January 31, 2023
| (in thousands)
Prepaid expense | $ | 50,589 |  |  | $ | 48,464 |
Other current assets | 25,522 |  |  | 22,556 |
Total Prepaid Expense and Other Current Assets | $ | 76,111 |  |  | $ | 71,020 |
Schedule of Property and Equipment, Net | Property and equipment, net consisted of the following:
| October 31, 2023 |  | January 31, 2023
| (in thousands)
Furniture and fixtures | $ | 1,701 |  |  | $ | 1,244 |
Computers and software | 8,284 |  |  | 7,164 |
Machinery and equipment | 33,210 |  |  | 25,144 |
Tooling | 14,993 |  |  | 13,782 |
Leasehold improvements | 10,413 |  |  | 9,357 |
Owned and operated systems | 26,548 |  |  | 24,119 |
Construction in progress | 2,181 |  |  | 2,790 |
| 97,330 |  |  | 83,600 |
Less: Accumulated depreciation | (55,132) |  |  | (43,554) |
Total Property and Equipment, Net | $ | 42,198 |  |  | $ | 40,046 |
The following table presents the depreciation expense:
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands)
Depreciation expense | 4,135 |  |  | 3,249 |  |  | 12,076 |  |  | 9,909 |
Schedule of Accrued and Other Current Liabilities | Accrued and other current liabilities consisted of the following:
| October 31, 2023 |  | January 31, 2023
| (in thousands)
Accrued expenses | $ | 53,305 |  |  | $ | 46,105 |
Accrued losses on purchase commitments | 24,577 |  |  | 7,287 |
Refundable customer deposits | 16,405 |  |  | 14,551 |
Payroll and related expenses | 17,166 |  |  | 21,495 |
Other current liabilities | 41,013 |  |  | 44,045 |
Total Accrued and Other Current Liabilities | $ | 152,466 |  |  | $ | 133,483 |
Schedule of Revenue | Revenue consisted of the following:
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands)
United States | $ | 82,777 |  |  | $ | 101,559 |  |  | $ | 292,869 |  |  | $ | 248,485 |
Rest of World | 27,506 |  |  | 23,782 |  |  | 97,938 |  |  | 66,782 |
Total revenue | $ | 110,283 |  |  | $ | 125,341 |  |  | $ | 390,807 |  |  | $ | 315,267 |
Disaggregation of Revenue | The following table shows the total deferred revenue for each period presented.
| October 31, 2023 |  | January 31, 2023
| (in thousands)
Deferred revenue | 227,295 |  |  | 198,610 |
The following table shows the revenue recognized that was included in the deferred revenue balance at the beginning of the period.
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in thousands)
Deferred revenue recognized | $ | 18,952 |  |  | $ | 13,275 |  |  | $ | 69,384 |  |  | $ | 50,993 |

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