Contract Balances, Performance Obligations and Contract Costs |
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Jan. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Contract Balances, Performance Obligations and Contract Costs | Note 19 – Contract Balances, Performance Obligations and Contract Costs Deferred Revenue The following table presents the changes in the deferred revenue balance as follows:
Performance Obligations As of January 31, 2026, approximately $647.2 million of revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period. We expect to recognize revenue on approximately 80% of these remaining performance obligations over the next 24 months with the balance recognized thereafter. Contract Assets The following table presents the changes in the contract assets balance as follows:
Contract Costs Capitalized contract costs net of accumulated amortization is $22.8 million at January 31, 2026 ($19.0 million at January 31, 2025). Capitalized contract costs are amortized consistent with the pattern of transfer to the customer for the goods and services to which the asset relates. The total contract cost amortization included in sales and marketing expenses was approximately $8.5 million, $6.9 million and $6.6 million for the years ended January 31, 2026, 2025 and 2024, respectively. |