v3.26.1
Balance Sheet Components
 12 Months Ended
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,
20262025
(in thousands)
Raw materials$6,595 $5,902 
Finished goods208,308 203,360 
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,
20262025
(in thousands)
Prepaid expense$5,988 $15,961 
Other current assets13,040 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,
20262025
(in thousands)
Furniture and fixtures$1,409 $1,683 
Computers and software9,710 9,937 
Machinery and equipment35,320 39,786 
Tooling17,277 16,524 
Leasehold improvements8,823 9,289 
Owned and operated systems24,437 31,880 
Construction in progress309 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,
202620252024
(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,
20262025
(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 expenses8,379 12,064 
Taxes payable21,131 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.