v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
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, 2026 and 2025.
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,
2026202520262025
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
United States$354,447 51 %$251,894 49 %$670,277 50 %$486,781 49 %
Europe, Middle East, and Africa
187,039 27 %143,438 28 %362,717 27 %277,291 28 %
Asia Pacific99,444 14 %75,144 15 %198,092 15 %148,539 15 %
Other55,131 8 %41,840 8 %104,730 8 %78,792 8 %
Total$696,061 100 %$512,316 100 %$1,335,816 100 %$991,403 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue		AmountPercentage
of Revenue
Channel partners
$217,653 31 %$130,415 25 %$410,613 31 %$242,970 25 %
Direct customers
478,408 69 %381,901 75 %925,203 69 %748,433 75 %
Total$696,061 100 %$512,316 100 %$1,335,816 100 %$991,403 100 %
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, 2026, the Company recognized revenue of $487.8 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,
2026202520262025
(in thousands)(in thousands)
Beginning balance$225,481 $174,543 $219,499 $172,217 
Capitalization of contract acquisition costs
47,548 33,540 84,510 58,998 
Amortization of deferred contract acquisition costs
(32,506)(24,164)(63,486)(47,296)
Ending balance$240,523 $183,919 $240,523 $183,919 
The Company did not recognize any impairment losses of deferred contract acquisition costs during the periods presented.
Remaining Performance Obligations
As of June 30, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was $2,732.0 million. As of June 30, 2026, the Company expected to recognize 64% of its remaining performance obligations as revenue over the next 12 months with the remainder recognized thereafter.