v3.25.4
Revenue Recognition
 9 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of revenue
The following table is a summary of the Company’s total revenue by geographic region based on customer location (in thousands, except percentages):
Three Months Ended December 31,Nine Months Ended December 31,
2025202420252024
Amount%Amount%Amount%Amount%
North America$257,824 50%$225,168 52%$752,597 51%$643,131 51%
Europe, Middle East and Africa165,970 32%136,022 31%477,028 32%393,116 31%
Asia Pacific50,199 10%41,136 9%141,454 9%119,897 10%
Latin America41,480 8%33,843 8%115,592 8 %97,374 8%
Total revenue$515,473 $436,169 $1,486,671 $1,253,518 
Effective April 1, 2025, the Company evaluates total revenue by geographic region based on the location of the customer (or end-customer under partner transactions) per the executed contract, rather than based on the location of the Company’s contracting entity. Prior period amounts have been recast to conform to the current period presentation.
For the three and nine months ended December 31, 2025 and 2024, the United States was the only country that represented more than 10% of the Company’s revenue, constituting $231.0 million and 45% and $201.7 million and 46% of total revenue during the three months ended December 31, 2025 and 2024, respectively, and $666.4 million and 45% and $582.8 million and 46% of total revenue during the nine months ended December 31, 2025 and 2024, respectively.
Revenue recognized during the three months ended December 31, 2025 and 2024, which was included in the deferred revenue balance at the beginning of each respective period, was $429.0 million and $347.4 million, respectively. Revenue recognized during the nine months ended December 31, 2025 and 2024, which was included in the deferred revenue balance at the beginning of each respective period, was $987.8 million and $880.4 million, respectively.
Remaining performance obligations
As of December 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $3,203.2 million, which consists of both billed consideration in the amount of $977.5 million and unbilled consideration in the amount of $2,225.7 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 53% of the total remaining performance obligations as revenue over the next 12 months and the remainder thereafter.
Variable consideration
The Company’s subscriptions include a minimum commitment with variable on-demand consumption fees for excess usage, representing a form of variable consideration. The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for providing services to the customer. The Company estimates variable consideration based on the historical prevalence of on-demand consumption fees. Variable consideration is included in the transaction price if, in the Company’s judgment, it is probable that a significant future reversal of cumulative revenue under the contract will not occur.
Contract assets
As of December 31, 2025 and March 31, 2025, contract assets of $31.8 million and $1.6 million, respectively, were included in accounts receivable, net, on the Company’s condensed consolidated balance sheets.