Revenues

9 Months Ended

Oct. 31, 2025

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,
	2025				2024				2025				2024
Subscription—self-managed and SaaS	$	223,262	91	%	$	175,257	89	%	$	630,427	91	%	$	489,617	89	%
Subscription—self-managed	146,379		60		118,525		60		417,329		59		333,744		61
SaaS	76,883		31		56,732		29		213,098		32		155,873		28
License—self-managed and other	$	21,091	9	%	$	20,790	11	%	$	64,395	9	%	$	58,201	11	%
License—self-managed	15,525		7		16,655		9		48,696		7		47,294		9
Professional services and other	5,566		2		4,135		2		15,699		2		10,907		2
Total revenue	$	244,353	100	%	$	196,047	100	%	$	694,822	100	%	$	547,818	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,
	2025		2024		2025		2024
United States	$	201,391	$	159,013	$	572,861	$	445,896
Europe	37,118		32,397		106,357		88,938
Asia Pacific	5,844		4,637		15,604		12,984
Total revenue	$	244,353	$	196,047	$	694,822	$	547,818

Deferred Revenue

During the three and nine months ended October 31, 2025, $193.4 million and $372.2 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the reporting periods presented. During the three and nine months ended October 31, 2024, $145.0 million and $276.6 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, 2025, the aggregate transaction price allocated to billed and unbilled remaining performance obligations for which revenue has not yet been recognized was approximately $1.0 billion. As of October 31, 2025, the Company expects to recognize approximately 64% over the next 12 months and 89% 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 October 31, 2025, two channel partners represented 18% and 12% of the accounts receivable balance, respectively, while as of January 31, 2025, two channel partners represented 11% and 12% of the accounts receivable balance, respectively. There were no individual customers whose balance represented more than 10% of accounts receivable as of October 31, 2025 and January 31, 2025.

There were no individual customers whose revenue represented more than 10% of total revenue during the three and nine months ended October 31, 2025 and 2024.