v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 02, 2026
Jan. 31, 2026
Current assets:    
Cash and cash equivalents $ 218,986 $ 318,789
Short-term investments 585,333 515,003
Accounts receivable, net 284,979 321,442
Inventories 52,228 48,194
Connected device costs, current 147,898 142,904
Deferred commissions, current 88,771 85,463
Prepaid expenses and other current assets 100,103 75,323
Total current assets 1,478,298 1,507,118
Long-term investments 477,072 403,123
Property and equipment, net 84,418 81,607
Operating lease right-of-use assets 57,265 60,303
Connected device costs, non-current 310,497 297,245
Deferred commissions, non-current 184,675 176,415
Other assets 21,845 14,863
Total assets 2,614,070 2,540,674
Current liabilities:    
Accounts payable 24,335 47,680
Accrued expenses and other current liabilities 112,224 102,073
Accrued compensation and benefits 59,577 75,403
Deferred revenue, current 703,943 679,316
Operating lease liabilities, current 12,053 12,566
Total current liabilities 912,132 917,038
Deferred revenue, non-current 123,834 129,726
Operating lease liabilities, non-current 56,967 60,202
Other liabilities 13,547 13,261
Total liabilities 1,106,480 1,120,227
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value—400,000,000 shares authorized as of May 2, 2026 and January 31, 2026; zero shares issued and outstanding as of May 2, 2026 and January 31, 2026 0 0
Additional paid-in capital 3,080,839 3,035,176
Accumulated other comprehensive income 1,329 4,357
Accumulated deficit (1,574,614) (1,619,122)
Total stockholders’ equity 1,507,590 1,420,447
Total liabilities and stockholders’ equity 2,614,070 2,540,674
Common Class A    
Stockholders’ equity:    
Common stock 13 13
Common Class B    
Stockholders’ equity:    
Common stock 23 23
Common Class C    
Stockholders’ equity:    
Common stock $ 0 $ 0