Quarterly report [Sections 13 or 15(d)]

Condensed Balance Sheets

v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
May 03, 2026
Feb. 01, 2026
Current Assets    
Cash and cash equivalents $ 56,998 $ 101,853
Trade accounts receivable, net 13,158 11,733
Merchandise inventories, net 109,267 106,317
Prepaid expenses 13,390 10,473
Other current assets 6,178 6,260
Total Current Assets 198,991 236,636
Property and equipment, net 86,760 86,400
Operating lease right-of-use assets 161,310 163,322
Goodwill 144 144
Intangible assets, net 2,641 2,373
Deferred tax asset 19,039 13,387
Other assets 32,088 32,420
Total Assets 500,973 534,682
Current Liabilities    
Accounts payable 43,837 43,736
Accrued expenses 31,601 38,788
Payroll payable 10,023 21,936
Customer deposits 14,324 11,544
Current operating lease liabilities 24,271 24,111
Sales taxes payable 4,317 6,996
Total Current Liabilities 128,373 147,111
Operating lease liabilities, long-term 166,602 168,400
Income tax payable, long-term 464 464
Line of credit 0 0
Total Liabilities 295,439 315,975
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 May 3, 2026 and February 1, 2026. 0 0
Common Stock $0.00001 par value, 40,000,000 shares authorized, 14,638,550 shares issued and outstanding as of May 3, 2026 and 14,617,238 shares issued and outstanding as of February 1, 2026. 0 0
Additional paid-in capital 195,123 194,843
Accumulated earnings 10,411 23,864
Stockholders' Equity 205,534 218,707
Total Liabilities and Stockholders' Equity $ 500,973 $ 534,682