v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Jul. 31, 2026
Jul. 31, 2025
Revenue        
Total revenue $ 116,075 $ 98,590 $ 217,894 $ 196,230
Cost of revenue        
Total cost of revenue 73,773 67,862 145,970 137,516
Gross profit 42,302 30,728 71,924 58,714
Operating expenses        
Research and development 32,410 36,479 68,007 69,989
Sales and marketing 23,459 25,033 47,053 51,225
General and administrative 20,492 28,193 38,077 50,317
Total operating expenses 76,361 89,705 153,137 171,531
Loss from operations (34,059) (58,977) (81,213) (112,817)
Interest income 499 1,132 835 2,296
Interest expense (279) (6,849) (553) (13,285)
Other income (expense), net (236) (323) 4,860 2,290
Net loss before income taxes (34,075) (65,017) (76,071) (121,516)
Provision for income taxes 1,549 1,162 2,757 1,784
Net loss $ (35,624) $ (66,179) $ (78,828) $ (123,300)
Weighted average shares outstanding - Basic (in shares) [1] 26,322,311 23,196,534 25,490,242 23,076,430
Weighted average shares outstanding - Diluted (in shares) 26,322,311 23,196,534 25,490,242 23,076,430
Net loss per share - Basic (USD per share) [1] $ (1.35) $ (2.85) $ (3.09) $ (5.34)
Net loss per share - Diluted (USD per share) $ (1.35) $ (2.85) $ (3.09) $ (5.34)
Networked Charging Systems        
Revenue        
Total revenue $ 62,917 $ 50,421 $ 116,224 $ 102,480
Cost of revenue        
Total cost of revenue 49,495 46,492 98,449 95,130
Subscriptions        
Revenue        
Total revenue 43,698 39,896 84,473 77,916
Cost of revenue        
Total cost of revenue 18,065 15,534 35,985 30,900
Other        
Revenue        
Total revenue 9,460 8,273 17,197 15,834
Cost of revenue        
Total cost of revenue $ 6,213 $ 5,836 $ 11,536 $ 11,486
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.