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Revenue
 3 Months Ended
Mar. 31, 2024
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 months ended March 31, 2024 and 2023.
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 March 31,
20242023
(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue
United States$196,463 52 %$152,918 53 %
Europe, Middle East, and Africa
105,384 28 %78,331 27 %
Asia Pacific47,651 12 %39,218 13 %
Other29,104 8 %19,708 7 %
Total$378,602 100 %$290,175 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended March 31,
20242023
(dollars in thousands)
AmountPercentage
of Revenue		AmountPercentage
of Revenue
Channel partners
$70,451 19 %$41,003 14 %
Direct customers
308,151 81 %249,172 86 %
Total$378,602 100 %$290,175 100 %
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 three months ended March 31, 2024 and 2023, the Company recognized revenue of $179.2 million and $107.6 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods 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 March 31,
20242023
(in thousands)
Beginning balance$133,236 $93,145 
Capitalization of contract acquisition costs
22,398 19,391 
Amortization of deferred contract acquisition costs
(18,107)(14,109)
Ending balance$137,527 $98,427 
The Company did not recognize any impairment losses of deferred contract acquisition costs during the periods presented.
Remaining Performance Obligations
As of March 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $1,342.8 million. As of March 31, 2024, the Company expected to recognize 70% of its remaining performance obligations as revenue over the next 12 months with the remainder recognized thereafter.