Revenues

3 Months Ended

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenues

3. Revenues

Disaggregation of Revenue

The following table shows the components of revenues and their respective percentages of total revenue for the periods indicated (in thousands, except percentages):

	Three Months Ended April 30,
	2022				2021
Subscription—self-managed and SaaS	$	76,923	88	%	$	44,908	90	%
Subscription—self-managed	59,719		68		36,115		72
SaaS	17,204		20		8,793		18
License—self-managed and other	$	10,484	12	%	$	5,022	10	%
License—self-managed	8,777		10		3,667		7
Professional services and other	1,707		2		1,355		3
Total revenue	$	87,407	100	%	$	49,930	100	%

Total Revenue by Geographic Location

The following table summarizes the Company’s total revenue by geographic location based on the region of the Company’s contracting entity, which may be different than the region of the customer (in thousands):

	Three Months Ended April 30,
	2022		2021
United States	$	72,274	$	41,687
Europe	12,988		7,113
Asia Pacific	2,145		1,130
Total revenue	$	87,407	$	49,930

During each of the three months ended April 30, 2022 and 2021, the United States accounted for 83% of total revenue. No other individual country exceeded 10% of total revenue for any of the periods presented.

We operate our business as a single reportable segment.

Deferred Revenue

During the three months ended April 30, 2022 and 2021, $59.8 million and $35.3 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the applicable reporting period presented.

Remaining Performance Obligations

As of April 30, 2022 and January 31, 2022, the aggregate amount of the transaction price allocated to billed and unbilled remaining performance obligations for which revenue has not yet been recognized was approximately $336.2 million and $312.4 million, respectively. As of April 30, 2022, the Company expects to recognize approximately 67% of the transaction price as product or services revenue over the next 12 months and the remainder thereafter.

Concentration of Credit Risk and Significant Customers

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, restricted cash, short-term investments, and accounts receivable. At times, cash deposits may be in excess of insured limits. The Company believes that the financial institutions that hold its cash, cash equivalents, restricted cash, and short-term investments are financially sound and, accordingly, minimal credit risk exists with respect to these balances. To minimize credit losses on accounts receivable, the Company extends credit to customers based on an evaluation of their ability to pay amounts due under contractual arrangement.

The Company uses various distribution channels. There were two distribution channel entities whose balance in aggregate represented 28% of the accounts receivable balance as of April 30, 2022. There was one distribution channel entity whose balance represented 14% of the accounts receivable balance as of January 31, 2022.