Revenues

3 Months Ended

Apr. 30, 2023

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,
	2023				2022
Subscription—self-managed and SaaS	$	111,191	88	%	$	76,923	88	%
Subscription—self-managed	79,587		63		59,719		68
SaaS	31,604		25		17,204		20
License—self-managed and other	$	15,687	12	%	$	10,484	12	%
License—self-managed	13,355		10		8,777		10
Professional services and other	2,332		2		1,707		2
Total revenue	$	126,878	100	%	$	87,407	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,
	2023		2022
United States	$	102,962	$	72,274
Europe	20,957		12,988
Asia Pacific	2,959		2,145
Total revenue	$	126,878	$	87,407

During the three months ended April 30, 2023 and 2022, the United States accounted for 81% and 83% of total revenue, respectively. 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 months ended April 30, 2023 and 2022, $90.6 million and $59.8 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the reporting periods presented.

Remaining Performance Obligations

As of April 30, 2023 and January 31, 2023, 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 $460.3 million and $435.9 million, respectively. As of April 30, 2023, the Company expects to recognize approximately 70% of the transaction price as product or services revenue over the next 12 months and 92% over the next 24 months.

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 or corporations 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. The Company maintains allowances for potential credit losses on accounts receivable when deemed necessary.

The Company uses various distribution channels. As of April 30, 2023, two of these channel partners represented 12% and 13% of the accounts receivable balance, respectively, while as of January 31, 2023 one of these channel partners represented 12% of the accounts receivable balance. There were no individual customers whose balance represented more than 10% of accounts receivable as of April 30, 2023 and January 31, 2023.

There were no customers whose revenue represented more than 10% of total revenue during the three months ended April 30, 2023 and 2022.