v3.24.1.u1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Current assets:    
Cash and cash equivalents $ 84.0 $ 154.5
Restricted cash, current 5.2 3.1
Prepaid expenses and other current assets 13.0 14.5
Total current assets 102.2 172.1
Restricted cash 4.8 6.0
Rental product, net 94.0 78.7
Fixed assets, net 35.7 44.7
Intangible assets, net 3.4 4.1
Operating lease right-of-use assets 33.9 26.7
Other assets 4.5 3.9
Total assets 278.5 336.2
Current liabilities:    
Accounts payable 5.8 12.4
Accrued expenses and other current liabilities 21.7 24.4
Deferred revenue 10.9 12.0
Customer credit liabilities 6.3 6.8
Operating lease liabilities 3.4 4.4
Total current liabilities 48.1 60.0
Long-term debt, net 306.7 272.5
Operating lease liabilities 45.3 38.3
Other liabilities 0.7 0.7
Total liabilities 400.8 371.5
Commitments and Contingencies (Note 16)
Stockholders’ equity (deficit)    
Preferred stock, $0.001 par value; 10,000,000 shares authorized as of January 31, 2024 and 2023; 0 shares issued and outstanding as of January 31, 2024 and 2023 0.0 0.0
Additional paid-in capital 930.8 904.6
Accumulated deficit (1,053.1) (939.9)
Total stockholders’ equity (deficit) (122.3) (35.3)
Total liabilities and stockholders’ equity (deficit) 278.5 336.2
Common Class A    
Stockholders’ equity (deficit)    
Common stock, value, issued [1] 0.0 0.0
Common Class B    
Stockholders’ equity (deficit)    
Common stock, value, issued [1] $ 0.0 $ 0.0
[1] Amounts have been adjusted to reflect the 1-for-20 reverse stock split that became effective on April 2, 2024. See Note 2, “Summary of Significant Accounting Policies” and Note 13, “Stockholders’ Equity” for additional details.