REVENUE, DEFERRED REVENUE, AND REMAINING PERFORMANCE OBLIGATIONS

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE, DEFERRED REVENUE, AND REMAINING PERFORMANCE OBLIGATIONS

REVENUE, DEFERRED REVENUE, AND REMAINING PERFORMANCE OBLIGATIONS

Disaggregation of Revenue

The following table sets forth the Company’s sources of revenue (in thousands): 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Subscription revenue	$	185,643	$	137,446	$	507,281	$	401,264
Professional services revenue	13,855		7,506		26,711		25,665
Total revenue	$	199,498	$	144,952	$	533,992	$	426,929

Revenue by geographic region, which is generally based on the address of the Company’s customers as defined in their master subscription agreements, is set forth below (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
United States	$	123,907	$	94,880	$	341,210	$	278,157
All other countries	75,591		50,072		192,782		148,772
Total revenue	$	199,498	$	144,952	$	533,992	$	426,929

Deferred Revenue

The Company recognized $168.2 million and $127.1 million of revenue during the three months ended September 30, 2020 and 2019, respectively, that was included in the deferred revenue balances as of June 30, 2020 and 2019, respectively. The Company recognized $306.9 million and $286.7 million of revenue during the nine months ended September 30, 2020 and 2019, respectively, that was included in the deferred revenue balances as of December 31, 2019 and 2018, respectively.

Transaction Price Allocated to Remaining Performance Obligations

As of September 30, 2020, approximately $1.134 billion of revenue is expected to be recognized from remaining performance obligations. The Company expects to recognize revenue on approximately 70% of these remaining performance obligations over the next 18 months, with the balance recognized thereafter.

The estimated revenues from the remaining performance obligations do not include uncommitted contract amounts such as (i) amounts which are cancellable by the customer without significant penalty, (ii) future billings for time and material contracts, and (iii) amounts associated with optional renewal periods.