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Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations
 3 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations
Disaggregation of Revenue

Revenue consists of the following (in thousands):

Three Months Ended April 30,
20262025
Product revenue$1,334,329 $996,813 
Professional services and other revenue56,622 45,261 
Total$1,390,951 $1,042,074 

Revenue by geographic area, based on the location of the Company’s customers (or end-customers under reseller arrangements), was as follows (in thousands):

Three Months Ended April 30,
20262025
Americas:
United States$1,043,519 $784,507 
Other Americas(1)
36,009 29,661 
EMEA(1)(2)
230,617 168,809 
Asia-Pacific and Japan(1)
80,806 59,097 
Total$1,390,951 $1,042,074 
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(1)No individual country in these areas represented more than 10% of the Company’s revenue for all periods presented.
(2)Includes Europe, the Middle East and Africa.

Accounts Receivable, Net

The Company’s allowance for credit losses was not material as of each of April 30, 2026 and January 31, 2026.

Significant Customers

For purposes of assessing the concentration of credit risk and significant customers, a group of customers under common control or customers that are affiliates of each other are regarded as a single customer. As of each of April 30, 2026 and January 31, 2026, there were no customers that represented 10% or more of the Company’s accounts receivable, net balance. Additionally, there were no customers that represented 10% or more of the Company’s revenue for each of the three months ended April 30, 2026 and 2025.

Deferred Revenue

The Company recognized $988.7 million and $820.9 million of revenue for the three months ended April 30, 2026 and 2025, respectively, from the deferred revenue balances as of January 31, 2026 and 2025, respectively.

Remaining Performance Obligations

Remaining performance obligations (RPO) represent the amount of contracted future revenue that has not yet been recognized, including (i) deferred revenue and (ii) non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. The Company’s RPO excludes performance obligations from on-demand arrangements as there are no minimum purchase commitments associated with these arrangements, and certain time and materials contracts that are billed in arrears. Portions of RPO that are not yet invoiced and are denominated in foreign currencies are revalued into U.S. dollars each period based on the applicable period-end exchange rates.
As of April 30, 2026, the Company’s RPO was approximately $9.2 billion, of which the Company expects approximately 50% to be recognized as revenue in the 12 months ending April 30, 2027 based on historical customer consumption patterns. However, the amount and timing of revenue recognition are generally dependent upon customers’ future consumption, which is inherently variable at customers’ discretion and can extend beyond the original contract term in cases where customers are permitted to roll over unused capacity to future periods, generally on the purchase of additional capacity at renewal.