Revenue Recognition

12 Months Ended

Jan. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

3 Revenue Recognition

Disaggregation of Revenue

The following table summarizes revenue by geographical region (dollars in thousands):

	Year Ended January 31,
	2025				2024				2023
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue
Americas(1)	$	695,053	49	%	$	631,923	48	%	$	529,060	50	%
Europe, Middle East, and Africa	457,703		32	%	415,915		32	%	301,036		28	%
Asia-Pacific(2)	276,908		19	%	260,234		20	%	228,485		22	%
Total revenue	$	1,429,664	100	%	$	1,308,072	100	%	$	1,058,581	100	%

(1)Revenue from the U.S. represented 44%, 43%, and 46% of our total revenues for fiscal years 2025, 2024, and 2023, respectively.

(2)Revenue from Japan represented 9%, 9%, and 10% of our total revenues for fiscal years 2025, 2024, and 2023, respectively.

Contract Balances

Significant changes in our contract assets and deferred revenue balances during the periods presented were as follows (in thousands):

	Year Ended January 31,
Contract Assets	2025		2024
Beginning balance	$	90,411	$	75,783
Contract assets recognized during the year	88,862		84,180
Amounts transferred to accounts receivable from unbilled accounts receivable presented at the beginning of the year	(84,197)		(69,260)
Translation adjustments	(2,894)		(292)
Ending balance	$	92,182	$	90,411
Contract assets, current	$	88,735	$	84,197
Contract assets, non-current	3,447		6,214
Total contract assets	$	92,182	$	90,411

	Year Ended January 31,
Deferred Revenue	2025		2024
Beginning balance	$	647,832	$	520,031
Additions to deferred revenue during the year	1,410,482		1,364,473
Revenue recognized that was included in deferred revenue at the beginning of the period	(486,805)		(398,334)
Revenue recognized that was not included in deferred revenue at the beginning of the period	(855,330)		(828,668)
Translation adjustments	(10,872)		(9,670)
Ending balance	$	705,307	$	647,832
Deferred revenue, current	$	569,464	$	486,805
Deferred revenue, non-current	135,843		161,027
Total deferred revenue	$	705,307	$	647,832

Remaining Performance Obligations

Our remaining performance obligations are comprised of licenses, subscription services, and professional services not yet delivered. As of January 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,242.6 million, which consists of $705.3 million of billed consideration and $537.3 million of unbilled consideration. We expect to recognize 65% of our remaining performance obligations as revenue over the next twelve months, and the remainder thereafter.

Deferred Contract Acquisition Costs

Our deferred contract acquisition costs are comprised of sales commissions that represent incremental costs to obtain customer contracts, and are determined based on sales compensation plans. The following table represents a rollforward of our deferred contract acquisition costs (in thousands):

	Year Ended January 31,
	2025		2024
Beginning balance	$	228,995	$	187,503
Additions to deferred contract acquisition costs	89,124		118,844
Amortization of deferred contract acquisition costs	(92,089)		(75,471)
Translation adjustments	(4,228)		(1,881)
Ending balance	$	221,802	$	228,995
Deferred contract acquisition costs, current	$	82,461	$	74,678
Deferred contract acquisition costs, non-current	139,341		154,317
Total deferred contract acquisition costs	$	221,802	$	228,995