v3.25.1
Balance Sheet Components
3 Months Ended
May 03, 2025
Disclosure Text Block Supplement [Abstract]  
Balance Sheet Components Balance Sheet Components
Inventories—Inventories consist of the following (in thousands):
As of
May 3, 2025February 1, 2025
Raw materials$6,973 $8,452 
Finished goods30,908 30,459 
Total inventories$37,881 $38,911 
Property and Equipment, Net—Property and equipment, net, comprises the following (in thousands):
As of
May 3, 2025February 1, 2025
Gross property and equipment:
Computers and equipment$8,639 $6,579 
Leasehold improvements48,453 48,551 
Furniture and fixtures17,670 17,464 
Internal-use software development costs (1)
58,341 51,410 
Total gross property and equipment133,103 124,004 
Accumulated depreciation and amortization (2)
(70,955)(65,853)
Property and equipment, net (2)
$62,148 $58,151 
__________
(1)$6.9 million has been capitalized since February 1, 2025.
(2)During the fiscal year ended February 1, 2025, the Company wrote off $4.0 million of fully depreciated assets as they were no longer in use.
The Company’s internal-use software development costs included $1.9 million and $1.2 million of capitalized stock-based compensation expense for the three months ended May 3, 2025 and May 4, 2024, respectively.
Depreciation and amortization of property and equipment included on the Company’s condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):
Three Months Ended
May 3, 2025May 4, 2024
Depreciation and amortization expense (1)
$5,142 $4,455 
__________
(1)Included in these amounts were the amortization of capitalized internal-use software development costs of $3.0 million and $1.9 million for the three months ended May 3, 2025 and May 4, 2024, respectively.