v3.26.1
Equity (Tables)
 3 Months Ended
May 02, 2026
Equity [Abstract]  
Schedule of Reserved Shares of Common Stock for Future Issuance
The Company had reserved shares of common stock for future issuance as of May 2, 2026 and January 31, 2026, as follows:
As of
May 2, 2026January 31, 2026
2015 Equity Incentive Plan:
Options outstanding5,396,9885,406,188
2021 Equity Incentive Plan:
RSUs outstanding21,744,31017,331,045
Shares available for future grants132,558,701109,926,401
2021 Employee Stock Purchase Plan:
Shares available for future issuance31,842,08926,034,934
Total shares of common stock reserved for future issuance191,542,088158,698,568
Schedule of Stock Options Activity The stock options activity under the 2015 Plan during the three months ended May 2, 2026 was as follows (the number of options represents shares of common stock exercisable in respect thereof):
Number of SharesWeighted-Average
Exercise Price		Weighted-Average
Remaining
Contractual Term
(in years)
Aggregate Intrinsic Value (1)
(in thousands)
Balance as of January 31, 20265,406,188$5.624.0$121,266
Granted—$—
Exercised(9,200)$1.16
Forfeited, canceled, or expired—$—
Balance as of May 2, 20265,396,988$5.633.7$134,187
Exercisable as of May 2, 20265,396,988$5.633.7$134,187
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(1)Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s Class A common stock for each period end presented, multiplied by the number of stock options outstanding or exercisable as of each period end presented.
Schedule of RSU Activity A summary of the RSUs activity under the 2015 Plan and 2021 Plan during the three months ended May 2, 2026 is presented below:
Number of SharesWeighted-Average
Grant-Date
Fair Value
Balance as of January 31, 202617,331,045$31.53
Granted9,078,938$31.96
Vested(3,033,076)$24.62
Forfeited(1,632,597)$32.33
Balance as of May 2, 202621,744,310$32.61
Schedule of Stock-Based Compensation Expense Stock-based compensation expense, by grant type, was as follows (in thousands):
Three Months Ended
May 2, 2026May 3, 2025
RSUs74,25874,062
Employee stock purchase plan3,2133,017
Total stock-based compensation expense$77,471$77,079
Stock-based compensation expense included in the following line items of the Company’s condensed consolidated statements of operations and comprehensive income (loss) was as follows (in thousands):
Three Months Ended
May 2, 2026May 3, 2025
Cost of revenue$3,563$3,247
Research and development30,01027,020
Sales and marketing23,17223,548
General and administrative20,72623,264
Total stock-based compensation expense$77,471$77,079