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Revenue from Contracts with Customers
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
(2)
Revenue from Contracts with Customers

Deferred Revenue and Remaining Performance Obligations

The amount of revenue recognized in the three months ended March 31, 2022 that was included in deferred revenue as of December 31, 2021 was $35.7 million.

As of March 31, 2022 and December 31, 2021, unrecognized transaction price related to remaining performance obligations was $194.4 million and $170.1 million, respectively. The Company’s remaining performance obligations as of March 31, 2022 and December 31, 2021 are expected to be recognized as follows (in thousands):

 

 

 

As of
March 31,
2022

 

 

As of
December 31,
2021

 

Less than or equal to 12 months

 

$

149,583

 

 

$

137,266

 

Greater than 12 months

 

 

44,851

 

 

 

32,868

 

Total remaining performance obligations

 

$

194,434

 

 

$

170,134

 

 

Disaggregation of Revenue

The following table shows the Company’s disaggregation of revenue by geographic areas, as determined based on the billing address of its customers (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

2022

 

 

2021

 

 

United States

 

$

33,521

 

 

$

21,028

 

 

International

 

 

19,544

 

 

 

12,082

 

 

Total revenue

 

$

53,065

 

 

$

33,110

 

 

 

Deferred Commissions

Commissions paid upon the initial acquisition of a contract are deferred and then amortized on a straight-line basis over a period of benefit, determined to be five years. The following table represents a rollforward of the Company’s deferred commissions for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2022

 

 

2021

 

Beginning balance

 

$

28,685

 

 

$

19,440

 

Additions to deferred commissions

 

 

4,421

 

 

 

2,692

 

Amortization of deferred commissions

 

 

(2,031

)

 

 

(1,423

)

Ending balance

 

 

31,075

 

 

 

20,709

 

Deferred commissions, current portion

 

 

8,876

 

 

 

5,990

 

Deferred commissions, net of current portion

 

 

22,199

 

 

 

14,719

 

Total deferred commissions

 

$

31,075

 

 

$

20,709