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Revenues
 9 Months Ended
Oct. 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 October 31,Nine Months Ended October 31,
2023202220232022
Subscription—self-managed and SaaS$130,993 88 %$98,435 87 %$364,280 88 %$264,294 88 %
Subscription—self-managed91,716 62 72,720 64 257,962 62 199,335 66 
SaaS39,277 26 25,715 23 106,318 26 64,959 22 
License—self-managed and other$18,675 12 %$14,546 13 %$51,847 12 %$37,135 12 %
License—self-managed16,037 10 11,860 11 44,016 10 30,646 10 
Professional services and other2,638 2 2,686 2 7,831 2 6,489 2 
Total revenue$149,668 100 %$112,981 100 %$416,127 100 %$301,429 100 %
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 October 31,Nine Months Ended October 31,
2023202220232022
United States$122,415 $94,942 $339,431 $251,339 
Europe23,731 15,547 66,933 43,285 
Asia Pacific3,522 2,492 9,763 6,805 
Total revenue$149,668 $112,981 $416,127 $301,429 
During each of the three and nine months ended October 31, 2023, the United States accounted for 82% of total revenue for each period presented. During the three and nine months ended October 31, 2022, the United States accounted for 84% 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 and nine months ended October 31, 2023, $102.1 million and $200.8 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 nine months ended October 31, 2022, $77.0 million and $141.9 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 October 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 $548.1 million and $435.9 million, respectively. As of October 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 October 31, 2023, three of these channel partners represented 10%, 11% 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 October 31, 2023 and January 31, 2023.
There were no individual customers whose revenue represented more than 10% of total revenue during the three and nine months ended October 31, 2023 and 2022.