v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
Subscription and support revenue is recognized over time and accounted for substantially all of the Company’s revenue for the three and six months ended June 30, 2025 and 2024.
The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company’s global network and products:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
United States$251,894 49 %$207,008 51 %$486,781 49 %$403,471 52 %
Europe, Middle East, and Africa
143,438 28 %110,968 28 %277,291 28 %216,352 28 %
Asia Pacific75,144 15 %52,126 13 %148,539 15 %99,777 13 %
Other41,840 8 %30,894 8 %78,792 8 %59,998 7 %
Total$512,316 100 %$400,996 100 %$991,403 100 %$779,598 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
Channel partners
$130,415 25 %$76,686 19 %$242,970 25 %$147,137 19 %
Direct customers
381,901 75 %324,310 81 %748,433 75 %632,461 81 %
Total$512,316 100 %$400,996 100 %$991,403 100 %$779,598 100 %
Contract Balances
Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract. Such amounts are recognized as revenue over the contractual period. For the six months ended June 30, 2025, the Company recognized revenue of $355.0 million, that was included in the corresponding contract liability balance at the beginning of the period presented.
The Company receives payments from customers based upon contractual billing schedules; accounts receivable are recorded when the right to consideration becomes unconditional. Standard payment terms are due upon receipt. Contract assets include amounts related to the Company’s contractual right to consideration for both completed and partially completed performance obligations that have not been invoiced.
The following table summarizes the activity of the deferred contract acquisition costs:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)(in thousands)
Beginning balance$174,543 $137,527 $172,217 $133,236 
Capitalization of contract acquisition costs
33,540 25,687 58,998 48,085 
Amortization of deferred contract acquisition costs
(24,164)(18,884)(47,296)(36,991)
Ending balance$183,919 $144,330 $183,919 $144,330 
The Company did not recognize any impairment losses of deferred contract acquisition costs during the periods presented.
Remaining Performance Obligations
As of June 30, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,976.7 million. As of June 30, 2025, the Company expected to recognize 66% of its remaining performance obligations as revenue over the next 12 months with the remainder recognized thereafter.