Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets

v3.25.3
Condensed Balance Sheets - USD ($)
$ in Thousands
Nov. 02, 2025
Feb. 02, 2025
Current Assets    
Cash and cash equivalents $ 23,722 $ 83,734
Trade accounts receivable, net 16,960 16,781
Merchandise inventories, net 129,681 124,333
Prepaid expenses 13,098 14,807
Other current assets 2,525 6,942
Total Current Assets 185,986 246,597
Property and equipment, net 86,726 77,990
Operating lease right-of-use assets 163,081 157,750
Goodwill 144 144
Intangible assets, net 2,104 1,586
Deferred tax asset 26,368 15,277
Other assets 31,105 32,906
Total Assets 495,514 532,250
Current Liabilities    
Accounts payable 45,548 51,814
Accrued expenses 41,402 51,986
Payroll payable 14,009 9,501
Customer deposits 8,727 11,250
Current operating lease liabilities 22,730 22,662
Sales taxes payable 4,582 7,897
Total Current Liabilities 136,998 155,110
Operating lease liabilities, long-term 168,785 160,361
Income tax payable, long-term 424 424
Line of credit 0 0
Total Liabilities 306,207 315,895
Commitments and Contingencies (see Note 6)
Stockholders’ Equity    
Preferred Stock $0.00001 par value, 10,000,000 shares authorized, no shares issued or outstanding as of November 2, 2025 and February 2, 2025. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 14,615,785 shares issued and outstanding as of November 2, 2025 and 14,786,934 shares issued and outstanding as of February 2, 2025. 0 0
Additional paid-in capital 197,549 190,510
Accumulated (deficit) earnings (8,242) 25,845
Stockholders' Equity 189,307 216,355
Total Liabilities and Stockholders' Equity $ 495,514 $ 532,250