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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2026
Feb. 01, 2025
Current assets:    
Cash and cash equivalents $ 318,789 $ 227,576
Restricted cash, current 6,054 0
Short-term investments 515,003 467,222
Accounts receivable, net 321,442 234,016
Inventories 48,194 38,911
Connected device costs, current 142,904 119,323
Deferred commissions, current 85,463 67,120
Prepaid expenses and other current assets 69,269 58,106
Total current assets 1,507,118 1,212,274
Restricted cash, non-current 0 18,218
Long-term investments 403,123 282,652
Property and equipment, net 81,607 58,151
Operating lease right-of-use assets 60,303 64,864
Connected device costs, non-current 297,245 242,928
Deferred commissions, non-current 176,415 142,221
Other assets 14,863 2,994
Total assets 2,540,674 2,024,302
Current liabilities:    
Accounts payable 47,680 64,017
Accrued expenses and other current liabilities 102,073 74,976
Accrued compensation and benefits 75,403 43,443
Deferred revenue, current 679,316 563,254
Operating lease liabilities, current 12,566 15,656
Total current liabilities 917,038 761,346
Deferred revenue, non-current 129,726 122,516
Operating lease liabilities, non-current 60,202 64,622
Other liabilities 13,261 6,622
Total liabilities 1,120,227 955,106
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.0001 par value—400,000,000 shares authorized as of January 31, 2026 and February 1, 2025; zero shares issued and outstanding as of January 31, 2026 and February 1, 2025 0 0
Additional paid-in capital 3,035,176 2,680,012
Accumulated other comprehensive income (loss) 4,357 (846)
Accumulated deficit (1,619,122) (1,610,005)
Total stockholders’ equity 1,420,447 1,069,196
Total liabilities and stockholders’ equity 2,540,674 2,024,302
Common Class A    
Stockholders’ equity:    
Common stock 13 12
Common Class B    
Stockholders’ equity:    
Common stock 23 23
Common Class C    
Stockholders’ equity:    
Common stock $ 0 $ 0