Revenue and Contract Balances

6 Months Ended

Jul. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue and Contract Balances

REVENUE AND CONTRACT BALANCES

Disaggregation of Revenue

The following table summarizes revenue by geography based on the shipping address of end customers who have contracted to use our platform for the periods presented (in thousands, except percentages):

	Three Months Ended July 31, 2023				Three Months Ended July 31, 2022
	Amount		% of Revenue		Amount		% of Revenue
United States	$	95,785	64	%	$	68,392	67	%
International	53,636		36		34,113		33
Total	$	149,421	100	%	$	102,505	100	%

	Six Months Ended July 31, 2023				Six Months Ended July 31, 2022
	Amount		% of Revenue		Amount		% of Revenue
United States	$	181,456	64	%	$	120,948	67	%
International	101,358		36		59,812		33
Total	$	282,814	100	%	$	180,760	100	%

No single country other than the United States represented 10% or more of our revenue during the three and six months ended July 31, 2023 and 2022.

Substantially all of our sales are fulfilled our through channel partners, including distributors, resellers, managed security service providers, and others.

Contract Balances

Contract assets consist of unbilled accounts receivable, which arise when a right to consideration for our performance under the customer contract occurs before invoicing the customer. The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $2.5 million and $1.5 million as of July 31, 2023 and January 31, 2023, respectively.

Contract liabilities consist of deferred revenue, which represents invoices billed in advance of performance under a contract. Deferred revenue is recognized as revenue over the contractual period. The deferred revenue balance was $421.4 million and $406.3 million as of July 31, 2023 and January 31, 2023, respectively. We recognized revenue of $92.3 million and $55.4 million during the three months ended July 31, 2023 and 2022, respectively, and $192.6 million and $115.4 million during the six months ended July 31, 2023 and 2022, respectively, that was included in the corresponding contract liability balance at the beginning of the period.

Remaining Performance Obligations

Our contracts with customers typically range from one to three years. Revenue allocated to remaining performance obligations represents non-cancelable contract revenue that has not yet been recognized, which includes deferred revenue and amounts that will be invoiced in future periods.

As of July 31, 2023, our remaining performance obligations were $676.1 million, of which we expect to recognize 87% as revenue over the next 24 months, with the remainder to be recognized thereafter.