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Deferred Revenue and Commissions
12 Months Ended
Feb. 02, 2025
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Commissions Deferred Revenue and Commissions
Deferred Commissions
Changes in total deferred commissions during the periods presented are as follows (in thousands):
Fiscal Year Ended
20242025
Beginning balance$245,856 $304,332 
Additions218,611 183,849 
Recognition of deferred commissions(160,135)(159,561)
Ending balance$304,332 $328,620 
During fiscal 2023, 2024 and 2025, we recognized sales commission expenses of $170.0 million, $172.7 million, and $179.7 million, respectively. Of the $328.6 million total deferred commissions balance at the end of fiscal 2025, we expect to recognize approximately 30% as sales commission expense over the next 12 months and the remainder thereafter.
There was no impairment related to capitalized commissions during fiscal 2023, 2024 or 2025.
Deferred Revenue
Changes in total deferred revenue during the periods presented are as follows (in thousands):
Fiscal Year Ended
20242025
Beginning balance$1,385,650 $1,594,522 
Additions1,402,271 1,616,920 
Recognition of deferred revenue(1,193,399)(1,416,139)
Ending balance
$1,594,522 $1,795,303 
During fiscal 2024 and 2025, we recognized approximately $721.0 million and $852.2 million, respectively, in revenue pertaining to deferred revenue as of the beginning of each period.
Remaining Performance Obligations
Total remaining performance obligations (RPO) which is contracted but not recognized revenue was $2.6 billion at the end of fiscal 2025. Total RPO includes $41.1 million in remaining non-cancelable product orders, of which $25.4 million relates to a lessor arrangement. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods. Product orders are generally cancelable until delivery has occurred, and as such, unfulfilled product orders that are cancelable are excluded from RPO. Of the $2.6 billion RPO at the end of fiscal 2025, we expect to recognize approximately 48% over the next 12 months, and the remainder thereafter.