v3.26.1

Consolidated Balance Sheets - USD ($) $ in Thousands	May 02, 2026	Jan. 31, 2026	May 03, 2025
Current assets:
Cash and cash equivalents	$ 166,300	$ 424,243	$ 454,629
Short-term investments	55,000	70,000
Receivables, net	248,240	296,217	225,146
Merchandise inventories, net	2,386,417	2,181,127	2,121,519
Prepaid expenses and other current assets	165,647	169,361	138,396
Prepaid income taxes		3,198
Total current assets	3,021,604	3,144,146	2,939,690
Property and equipment, net	1,420,091	1,434,062	1,251,287
Operating lease assets	1,849,896	1,813,074	1,658,834
Goodwill	224,628	226,421	10,870
Other intangible assets, net	201,596	203,288
Deferred compensation plan assets	52,606	53,391	47,467
Other long-term assets	124,824	124,912	78,541
Total assets	6,895,245	6,999,294	5,986,689
Current liabilities:
Accounts payable	713,775	685,887	537,518
Accrued liabilities	462,065	551,380	346,960
Deferred revenue	541,199	582,378	462,843
Current operating lease liabilities	309,576	306,671	285,764
Accrued income taxes	132,565	35,739	130,765
Short-term debt	144,899	62,287
Total current liabilities	2,304,079	2,224,342	1,763,850
Non-current operating lease liabilities	1,847,968	1,813,103	1,689,439
Deferred income taxes	101,220	98,766	46,013
Other long-term liabilities	61,023	59,632	57,084
Total liabilities	4,314,290	4,195,843	3,556,386
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock, $0.01 par value, 400,000 shares authorized; 44,149, 45,048, and 45,922 shares issued; 43,247, 44,166, and 45,042 shares outstanding; at May 2, 2026 (unaudited), January 31, 2026, and May 3, 2025 (unaudited), respectively	442	450	459
Treasury stock-common, at cost	(131,241)	(120,442)	(119,704)
Additional paid-in capital	1,189,256	1,182,754	1,129,309
Retained earnings	1,522,410	1,736,929	1,420,239
Accumulated other comprehensive income	88	3,760
Total stockholders' equity	2,580,955	2,803,451	2,430,303
Total liabilities and stockholders' equity	$ 6,895,245	$ 6,999,294	$ 5,986,689

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Ulta Beauty, Inc. 10-Q