v3.26.1
Leases
6 Months Ended
Aug. 01, 2026
Leases [Abstract]  
Leases Leases
The Company leases office space under operating lease agreements that are non-cancelable and have remaining lease terms ranging from one year to approximately five years. The Company is required to pay property taxes, insurance, and normal maintenance costs for certain of these facilities.
Operating lease costs comprise the following (in thousands):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Operating lease cost$4,082 $4,672 $8,139$9,413
Short-term lease cost330 357 673710
Sublease income(140)(358)(357)(716)
Total lease cost$4,272 $4,671 $8,455$9,407
Supplemental information related to operating leases was as follows (in thousands, except for weighted-average data):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Cash paid for operating leases$4,635 $6,412 $9,366$12,631
Right-of-use assets obtained under new or modified operating leases$4,107 $— $4,107$6,768
As of
August 1, 2026January 31, 2026
Weighted-average remaining lease term (in years)4.24.5
Weighted-average discount rate6.68%5.48%
Future minimum lease payments included in the measurement of operating lease liabilities as of August 1, 2026 were as follows (in thousands):
Fiscal Years EndingAmount
Remainder of 2027$7,438
202818,098
202917,722
203017,253
203114,884
2032 and thereafter3,645
Total future minimum lease payments (1)
79,040
Less: imputed interest(9,548)
Total operating lease liabilities$69,492
__________
(1)The contractual commitment amounts under operating leases in the table above are primarily related to leases for the corporate office facilities in San Francisco, California, as well as other offices for local operations.