FAIR VALUE MEASUREMENTS

6 Months Ended

Jan. 31, 2026

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

3. FAIR VALUE MEASUREMENTS

Our financial instruments consist of cash, cash equivalents, investments, accounts receivable, accounts payable, and accrued liabilities. At January 31, 2026, and August 2, 2025, the carrying values of cash, accounts receivable, accounts payable, and accrued liabilities approximated fair value due to their short-term nature. We measure our cash equivalents and investments at fair value within Level 1 or Level 2 of the fair value hierarchy because we value

these investments using unadjusted, quoted market prices; or alternative pricing sources and models utilizing market observable inputs, respectively.

Further, the Company measures the fair value of certain lease right of use assets and other long-lived assets subject to long-lived asset impairment using Level 3 unobservable inputs.

Our cash equivalents and investments, which were accounted for as available-for-sale securities and were measured at fair value on a recurring basis as of January 31, 2026, and August 2, 2025, were as follows:

	January 31, 2026								August 2, 2025
(in thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	70,695	$	—	$	—	$	70,695	$	59,945	$	—	$	—	$	59,945
Investments:
U.S. Treasury securities (1)	26,823		—		—		26,823		16,541		—		—		16,541
Corporate bonds (1)	—		89,687		—		89,687		—		105,110		—		105,110
Asset backed securities (1)	—		3,239		—		3,239		—		1,499		—		1,499
Yankee bonds	—		1,988		—		1,988		—		5,645		—		5,645
Total	$	97,518	$	94,914	$	—	$	192,432	$	76,486	$	112,254	$	—	$	188,740

(1) For January 31, 2026, Corporate bonds, U.S. Treasury securities, and Asset backed securities includes both short-term investments with remaining maturities of less than one year, and long-term investments with remaining maturities over one year and less than five years. For August 2, 2025, U.S. Treasury securities and corporate bonds includes both short-term investments with remaining maturities of less than one year, and long-term investments with remaining maturities over one year and less than five years.

The following table sets forth the amortized cost, gross unrealized gains and losses, and fair values of our investments, which are accounted for as available-for-sale securities, as of January 31, 2026, and August 2, 2025:

	January 31, 2026								August 2, 2025
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Investments:
U.S. Treasury securities	$	26,805	$	19	$	(1)	$	26,823	$	16,542	$	—	$	(1)	$	16,541
Corporate bonds	89,616		73		(2)		89,687		105,115		28		(33)		105,110
Asset backed securities	3,238		1		—		3,239		1,499		—		—		1,499
Yankee bonds	1,986		2		—		1,988		5,644		1		—		5,645
Total	$	121,645	$	95	$	(3)	$	121,737	$	128,800	$	29	$	(34)	$	128,795

No significant available-for-sale securities held as of the periods presented have been in a continuous unrealized loss position for more than 12 months as of January 31, 2026, and August 2, 2025.