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Revenues
6 Months Ended
Jul. 31, 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 July 31,Six Months Ended July 31,
2022202120222021
Subscription—self-managed and SaaS$88,936 88 %$51,860 89 %$165,859 88 %$96,768 90 %
Subscription—self-managed66,896 66 41,412 71 126,615 67 77,527 72 
SaaS22,040 22 10,448 18 39,244 21 19,241 18 
License—self-managed and other$12,105 12 %$6,267 11 %$22,589 12 %$11,289 10 %
License—self-managed10,009 10 4,776 18,786 10 8,443 
Professional services and other2,096 1,491 3,803 2,846 
Total revenue$101,041 100 %$58,127 100 %$188,448 100 %$108,057 100 %
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 July 31,Six Months Ended July 31,
2022202120222021
United States$84,123 $48,833 $156,397 $90,520 
Europe14,750 8,353 27,738 15,466 
Asia Pacific2,168 941 4,313 2,071 
Total revenue$101,041 $58,127 $188,448 $108,057 
During each of the three and six months ended July 31, 2022, the United States accounted for 83% of total revenue for each period presented. During each of the three and six months ended July 31, 2021, the United States accounted for 84% of total revenue for each period presented. No other individual country exceeded 10% of total revenue for any of the periods presented.
The Company operates its business as a single reportable segment.
Deferred Revenue
During the three and six months ended July 31, 2022, $67.0 million and $105.8 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the applicable reporting period presented. During the three and six months ended July 31, 2021, $39.8 million and $61.3 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 July 31, 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 $361.9 million and $312.4 million, respectively. As of July 31, 2022, the Company expects to recognize approximately 69% 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 35% of the accounts receivable balance as of July 31, 2022, and individually represented 19% and 16% of the accounts receivable balance, respectively, for the same period. There was one distribution channel entity whose balance represented 14% of the accounts receivable balance as of January 31, 2022.