Revenue

6 Months Ended

Jul. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Note 2. Revenue

Revenue by Geographic Locations

For the three and six months ended July 31, 2025, revenue attributable to customers in the United States was 62% and revenue attributable to customers in Japan was 26% and 25%, respectively. For the three and six months ended July 31, 2024 revenue attributable to customers in the United States was 65% and revenue attributable to customers in Japan was 22%.

Deferred Revenue

Deferred revenue was $547.3 million and $608.6 million as of July 31, 2025 and January 31, 2025, respectively. During the three months ended July 31, 2025 and 2024, we recognized $244.6 million and $222.5 million of revenue that was included in the deferred revenue balance as of April 30, 2025 and 2024, respectively. During the six months ended July 31, 2025 and 2024, we recognized $409.6 million and $397.5 million of revenue that was included in the deferred revenue balance as of January 31, 2025 and 2024, respectively.

Transaction Price Allocated to the Remaining Performance Obligations

As of July 31, 2025, we had remaining performance obligations from contracts with customers of $1.5 billion. We expect to recognize revenue on approximately 55% and 25% of these remaining performance obligations over the next 12 and 24 months, respectively, with the balance recognized thereafter.