v3.26.1
Segment Information (Tables)
 6 Months Ended
Aug. 01, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The table below presents selected financial information for the single operating segment (in thousands):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
Revenue$508,437 $391,480 $987,281$758,364
Cost of revenue (1) (2)
33,074 26,201 68,13750,644
Research and development (1)
66,346 55,753 133,902111,975
Sales and marketing (1) (3)
164,029 130,921 320,274254,368
General and administrative (1)
39,359 44,083 71,41189,147
Stock-based compensation expense96,385 81,135 173,856158,214
Connected device costs41,762 35,143 82,63868,523
Cloud and cellular costs37,219 25,537 75,41947,636
Sales commissions25,388 19,326 49,57437,731
Segment operating income (loss)$4,875 $(26,619)$12,070$(59,874)
Interest income and other income, net (4)
12,654 11,426 54,38624,149
Provision for income taxes1,287 1,607 5,7063,196
Segment net income (loss)$16,242 $(16,800)$60,750$(38,921)
__________
(1)These segment expenses exclude stock-based compensation expense, which is presented separately.
(2)Cost of revenue also excludes connected device costs and cloud and cellular costs, which are presented separately.
(3)Sales and marketing also excludes sales commissions, which is presented separately.
(4)Includes a legal gain from arbitration award of $30.3 million for the six months ended August 1, 2026, and interest income of $12.2 million and $24.2 million for the three and six months ended August 1, 2026, respectively, and $11.5 million and $22.6 million for the three and six months ended August 2, 2025, respectively.
Schedule of Disaggregation of Revenue
The following table presents revenue disaggregated by geography, based on the location of the Company’s customers (in thousands):
Three Months EndedSix Months Ended
August 1, 2026August 2, 2025August 1, 2026August 2, 2025
United States$431,132 $334,958 $837,662$651,950
Other (1)
77,305 56,522 149,619106,414
Total revenue$508,437 $391,480 $987,281$758,364
__________
(1)No individual country other than the United States exceeded 10% of total revenue for any period presented.
Schedule of Long-lived Assets by Geographic Areas
The following table presents long-lived assets, net, disaggregated by geography, which consist of property and equipment, net, and operating lease right-of-use assets (in thousands):
As of
August 1, 2026January 31, 2026
United States$132,879$131,516
Other (1)
13,46810,394
Total long-lived assets, net$146,347$141,910
__________
(1)No individual country other than the United States exceeded 10% of total long-lived assets, net, for any period presented.