Revenues

6 Months Ended

Jul. 31, 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 July 31,								Six Months Ended July 31,
	2023				2022				2023				2022
Subscription—self-managed and SaaS	$	122,096	87	%	$	88,936	88	%	$	233,287	87	%	$	165,859	88	%
Subscription—self-managed	86,659		62		66,896		66		166,246		62		126,615		67
SaaS	35,437		25		22,040		22		67,041		25		39,244		21
License—self-managed and other	$	17,485	13	%	$	12,105	12	%	$	33,172	13	%	$	22,589	12	%
License—self-managed	14,624		11		10,009		10		27,979		11		18,786		10
Professional services and other	2,861		2		2,096		2		5,193		2		3,803		2
Total revenue	$	139,581	100	%	$	101,041	100	%	$	266,459	100	%	$	188,448	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,
	2023		2022		2023		2022
United States	$	114,054	$	84,123	$	217,016	$	156,397
Europe	22,245		14,750		43,202		27,738
Asia Pacific	3,282		2,168		6,241		4,313
Total revenue	$	139,581	$	101,041	$	266,459	$	188,448

During the three and six months ended July 31, 2023, the United States accounted for 82% and 81% of total revenue, respectively. 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. 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, 2023, $101.6 million and $157.5 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the periods presented. 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 periods presented.

Remaining Performance Obligations

As of July 31, 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 $495.8 million and $435.9 million, respectively. As of July 31, 2023, the Company expects to recognize approximately 68% of the transaction price as product or services revenue over the next 12 months and 88% 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, 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, 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 July 31, 2023, one of these channel partners represented 16% 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 July 31, 2023 and January 31, 2023.

There were no customers whose revenue represented more than 10% of total revenue during the three and six months ended July 31, 2023 and 2022.