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Balance Sheet Components | 12 Months Ended
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Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | Balance Sheet Components Inventories Inventories consisted of the following:
| January 31,
| 2026 |  | 2025
| (in thousands)
Raw materials | $ | 6,595 |  |  | $ | 5,902 |
Finished goods | 208,308 |  |  | 203,360 |
Total Inventories | $ | 214,903 |  |  | $ | 209,262 |
During the fiscal year ended January 31, 2026 and 2025, there were no substantial and unusual impairment charges to write down the carrying value of inventory. During the fiscal year ended January 31, 2024, the Company recorded an impairment charge of $70.0 million to write down the carrying value of inventory on hand and charges for losses on non-cancelable purchase commitments to reduce the carrying value of certain products to their estimated net realizable value, address supply overruns related to product transitions, and to better align inventory with current demand. The inventory impairment charge is included in the cost of revenue - Networked Charging Systems in the consolidated statements of operations. Prepaid expense and other current assets Prepaid expense and other current assets consisted of the following:
| January 31,
| 2026 |  | 2025
| (in thousands)
Prepaid expense | $ | 5,988 |  |  | $ | 15,961 |
Other current assets | 13,040 |  |  | 20,474 |
Total Prepaid Expense and Other Current Assets | $ | 19,028 |  |  | $ | 36,435 |
Property and Equipment, net Property and equipment, net consisted of the following:
| January 31,
| 2026 |  | 2025
| (in thousands)
Furniture and fixtures | $ | 1,409 |  |  | $ | 1,683 |
Computers and software | 9,710 |  |  | 9,937 |
Machinery and equipment | 35,320 |  |  | 39,786 |
Tooling | 17,277 |  |  | 16,524 |
Leasehold improvements | 8,823 |  |  | 9,289 |
Owned and operated systems | 24,437 |  |  | 31,880 |
Construction in progress | 309 |  |  | 751 |
| 97,285 |  |  | 109,850 |
Less: Accumulated depreciation | (72,620) |  |  | (74,489) |
Total Property and Equipment, Net | $ | 24,665 |  |  | $ | 35,361 |
The following table presents the depreciation expense related to fixed assets:
| Year ended January 31,
| 2026 |  | 2025 |  | 2024
| (in thousands)
Depreciation Expense | $ | 14,387 |  |  | $ | 17,107 |  |  | $ | 16,345 |
Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following:
| January 31,
| 2026 |  | 2025
| (in thousands)
Accrued expenses | $ | 46,184 |  |  | $ | 37,187 |
Reserve for losses on non-cancellable purchase commitments | 7,029 |  |  | 11,928 |
Refundable customer deposits(1) | 24,316 |  |  | 17,201 |
Payroll and related expenses | 8,379 |  |  | 12,064 |
Taxes payable | 21,131 |  |  | 17,294 |
Customer funds(2) | 21,043 |  |  | 17,440 |
Other current liabilities | 13,641 |  |  | 11,565 |
Total Accrued and Other Current Liabilities | $ | 141,723 |  |  | $ | 124,679 |
(1) Refundable customers deposits represent refundable prepayments for future charging sessions. (2) Customer funds represent amounts related to charging sessions collected from drivers on behalf of our station owners, pending reimbursement.

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