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Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company’s global network and products:
Year Ended December 31,
202320222021
(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
United States$678,184 52 %$515,722 53 %$342,578 52 %
Europe, Middle East, and Africa
356,569 28 %258,291 26 %172,129 26 %
Asia Pacific168,826 13 %133,353 14 %96,537 15 %
Other93,166 %67,875 %45,182 %
Total$1,296,745 100 %$975,241 100 %$656,426 100 %
The following table summarizes the revenue from contracts by type of customer:
Year Ended December 31,
202320222021
(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
Channel partners
$202,404 16 %$122,522 13 %$73,802 11 %
Direct customers
1,094,341 84 %852,719 87 %582,624 89 %
Total$1,296,745 100 %$975,241 100 %$656,426 100 %
Summary of Deferred Contract Acquisition Costs
The following table summarizes the activity of the deferred contract acquisition costs:
Year Ended December 31,
202320222021
(in thousands)
Beginning balance$93,145 $70,320 $44,176 
Capitalization of contract acquisition costs
101,465 67,940 55,411 
Amortization of deferred contract acquisition costs
(61,374)(45,115)(29,267)
Ending balance$133,236 $93,145 $70,320