Deferred Revenue and Performance Obligations

12 Months Ended

Jan. 31, 2023

Revenue from Contract with Customer [Abstract]

Deferred Revenue and Performance Obligations

Deferred Revenue and Performance Obligations

Deferred Revenue

Significant changes in the Company's deferred revenue balance for the years ended January 31, 2021, 2022 and 2023 were as follows (in thousands):

Balance as of January 31, 2020	$	109,744
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(106,070)
Increase due to billings excluding amounts recognized as revenue during the period	128,578
Balance as of January 31, 2021	132,252
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(129,207)
Increase due to billings excluding amounts recognized as revenue during the period	167,710
Balance as of January 31, 2022	170,755
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(166,453)
Increase due to billings excluding amounts recognized as revenue during the period	181,580
Balance as of January 31, 2023	$	185,882

Transaction Price Allocated to Remaining Performance Obligations

Transaction price allocated to remaining performance obligations represents the remaining amount of revenue the Company expects to recognize from existing non-cancelable contracts, whether billed or unbilled. As of January 31, 2023, approximately $346.4 million of revenue was expected to be recognized from remaining performance obligations for subscription contracts. The Company expects to recognize approximately $222.1 million of this amount during the twelve months following January 31, 2023, with the balance recognized thereafter. As of January 31, 2023, approximately $31.8 million of revenue was expected to be recognized from remaining performance obligations for professional services and other contracts, $21.7 million of which is expected to be recognized during the twelve months following January 31, 2023, and the balance recognized thereafter.

Geographic Information

Revenue by geographic area is determined by the billing address of the customer. The following table sets forth revenue by geographic area (in thousands):

	Year Ended January 31,
	2021			2022			2023
United States	$	159,462		$	198,040		$	241,753
Japan	22,157			25,046			24,668
Other	28,561			34,875			42,224
Total	$	210,180		$	257,961		$	308,645
Percentage of revenue by geographic area:
United States	76		%	77		%	78		%
Japan	11		%	10		%	8		%
Other	13		%	13		%	14		%

Other than the United States and Japan, no other individual country exceeded 10% of total revenue for the years ended January 31, 2021, 2022 and 2023. As of January 31, 2023, substantially all of the Company’s property and equipment was located in the United States.