v3.26.1
Revenues
 3 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues
3. Revenues
Disaggregation of Revenue
The following table shows the components of revenues and their respective percentages of total revenue for the periods indicated (in thousands, except percentages):
Three Months Ended April 30,
20262025
Subscription—self-managed and SaaS$239,306 90 %$194,481 91 %
Subscription—self-managed151,082 57 130,296 61 
SaaS88,224 33 64,185 30 
License—self-managed and other$24,852 10 %$20,028 9 %
License—self-managed18,190 7 15,028 7 
Professional services and other6,662 3 5,000 2 
Total revenue$264,158 100 %$214,509 100 %
Total Revenue by Geographic Location
The following table summarizes the Company’s total revenue by geographic location based on the region of the Company’s contracting entity, which may be different than the region of the customer (in thousands):
Three Months Ended April 30,
20262025
United States$217,645 $176,886 
Europe39,924 33,078 
Asia Pacific6,589 4,545 
Total revenue$264,158 $214,509 
Deferred Revenue and Contract Assets
During the three months ended April 30, 2026 and 2025, $213.2 million and $161.7 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the reporting periods presented.
Contract assets were $3.3 million and $4.5 million as of April 30, 2026 and January 31, 2026, respectively, and are included in prepaid expenses and other current assets on the Condensed Consolidated Balance Sheets.
Remaining Performance Obligations
As of April 30, 2026, the aggregate transaction price allocated to billed and unbilled remaining performance obligations for which revenue has not yet been recognized was approximately $1.1 billion. As of April 30, 2026, the Company expects to recognize approximately 64% over the next 12 months and 90% over the next 24 months.
Concentration of Credit Risk and Significant Customers
Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, short-term investments, and accounts receivable. At times, cash deposits may be in excess of insured limits. The Company believes that the financial institutions or
corporations that hold its cash, cash equivalents and short-term investments are financially sound and, accordingly, minimal credit risk exists with respect to these balances. The Company maintains allowances for potential credit losses on accounts receivable when deemed necessary.
The Company uses various distribution channels. As of April 30, 2026, three channel partners represented 18%, 15% and 13% of the accounts receivable balance, respectively, while as of January 31, 2026, two channel partners represented 17% and 13% of the accounts receivable balance, respectively. There were no individual customers whose balance represented more than 10% of accounts receivable as of April 30, 2026 and January 31, 2026.
There were no individual customers whose revenue represented more than 10% of total revenue during the three months ended April 30, 2026 and 2025.