v3.26.1
Segment and Geographic Information
 6 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information
(15)
Segment and Geographic Information

The Company has determined that it operates in one operating and reportable segment as the Chief Operating Decision Maker (“CODM”), its Chief Executive Officer, reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM uses consolidated net loss, as reported on our Condensed Consolidated Statements of Operations, in evaluating performance of the Company’s single segment, monitoring budget versus actual results, and determining how to allocate resources of the Company as a whole.

Financial information for the Company’s reportable segment was as follows:

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

116,052

 

 

$

73,386

 

 

$

210,202

 

 

$

139,651

 

Less: Significant and other segment expenses

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue (1)

 

 

39,853

 

 

 

20,590

 

 

 

72,927

 

 

 

39,741

 

Research and development (1)

 

 

27,303

 

 

 

18,375

 

 

 

53,237

 

 

 

35,751

 

Sales and marketing (1)

 

 

18,566

 

 

 

15,432

 

 

 

38,099

 

 

 

29,719

 

General and administrative (1)

 

 

16,402

 

 

 

12,583

 

 

 

33,044

 

 

 

26,834

 

Depreciation and amortization

 

 

10,788

 

 

 

10,622

 

 

 

21,977

 

 

 

21,704

 

Stock-based compensation

 

 

17,060

 

 

 

13,456

 

 

 

33,521

 

 

 

25,998

 

Restructuring costs

 

 

—

 

 

 

—

 

 

 

—

 

 

 

20

 

Interest expense

 

 

1,439

 

 

 

317

 

 

 

2,885

 

 

 

816

 

Employer payroll taxes related to earnout share vesting

 

 

—

 

 

 

—

 

 

 

(6

)

 

 

—

 

Certain litigation expenses (2)

 

 

(411

)

 

 

288

 

 

 

5,800

 

 

 

615

 

Other segment items (3)

 

 

(5,595

)

 

 

4,315

 

 

 

96,943

 

 

 

(6,327

)

Consolidated net loss

 

$

(9,353

)

 

$

(22,592

)

 

$

(148,225

)

 

$

(35,220

)

 

(1) Exclusive of the following items shown separately; Depreciation and amortization, stock-based compensation, restructuring costs, employer payroll taxes related to earnout share vesting, and certain litigation expenses.

(2) Expenses relating to non-ordinary course legal matters. Refer to Note 8 “Commitments and Contingencies”.

(3) Includes interest income, change in fair value of warrant liabilities, other income (expense), net and provision for income taxes. Refer to the Condensed Consolidated Statements of Operations.

Capital expenditures, which consists of purchases of property and equipment and capitalized internal-use software costs, for the three and six months ended July 31, 2026 were $29.1 million and $47.1 million, respectively. Capital expenditures for the three and six months ended July 31, 2025 were $21.5 million and $30.8 million, respectively.

The Company’s long-lived assets by geographic region are as follows:

 

(in thousands)

 

July 31, 2026

 

 

January 31, 2026

 

United States

 

$

163,220

 

 

$

143,011

 

Rest of world

 

 

12,870

 

 

 

7,562

 

Total property and equipment, net

 

$

176,090

 

 

$

150,573

 

 

The Company concluded that satellites in service continue to be owned by the U.S. entity and accordingly are classified as U.S. assets in the table above. No single country other than the U.S. accounted for more than 10% of total property and equipment, net, as of July 31, 2026 and January 31, 2026