Revenue

12 Months Ended

Jan. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Subscription revenue is recognized over time and accounted for approximately 98%, 97% and 97% of our revenue for the years ended January 31, 2026, 2025 and 2024.

Performance Obligations

As of January 31, 2026, the amount of the transaction price allocated to remaining performance obligations for contracts greater than one year was $2.4 billion. We expect to recognize 57% of the transaction price allocated to remaining performance obligations within the 12 months following January 31, 2026 in our consolidated statement of operations and comprehensive income.

Contract Balances

Contract assets represent amounts for which we have recognized revenue, pursuant to our revenue recognition policy, for contracts that have not yet been invoiced to our customers where there is a remaining performance obligation, typically for multi-year arrangements. Total contract assets were $10.8 million and $13.8 million as of January 31, 2026 and 2025. The change in contract assets reflects the difference in timing between our satisfaction of remaining performance obligations and our contractual right to bill our customers.

Contract liabilities consist of deferred revenue and payments received in advance of performance under the contract. Such amounts are generally recognized as revenue over the contractual period. For the years ended January 31, 2026, 2025 and 2024, we recognized revenue of $1.4 billion, $1.3 billion and $1.2 billion that was included in the corresponding contract liability balance at the beginning of the periods presented.

We receive payments from customers based upon contractual billing schedules. We record accounts receivable when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 days.

Deferred Contract Acquisition and Fulfillment Costs

The following table represents a rollforward of our deferred contract acquisition and fulfillment costs:

	Year Ended January 31,
(in thousands)	2026		2025
Deferred Contract Acquisition Costs
Beginning balance	$	467,201	$	409,658
Additions to deferred contract acquisition costs	225,531		261,088
Amortization of deferred contract acquisition costs	(227,193)		(197,832)
Cumulative translation adjustment	9,089		(5,713)
Ending balance	$	474,628	$	467,201
Deferred Contract Fulfillment Costs
Beginning balance	$	23,657	$	22,525
Additions to deferred contract fulfillment costs	46,013		41,078
Amortization of deferred contract fulfillment costs	(43,874)		(39,385)
Cumulative translation adjustment	2,137		(561)
Ending balance	$	27,933	$	23,657