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Revenues
 6 Months Ended
Jul. 31, 2024
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 July 31,Six Months Ended July 31,
2024202320242023
Subscription—self-managed and SaaS$163,181 89 %$122,096 87 %$314,360 89 %$233,287 87 %
Subscription—self-managed111,546 61 86,659 62 215,219 61 166,246 62 
SaaS51,635 28 35,437 25 99,141 28 67,041 25 
License—self-managed and other$19,403 11 %$17,485 13 %$37,411 11 %$33,172 13 %
License—self-managed15,802 9 14,624 11 30,639 9 27,979 11 
Professional services and other3,601 2 2,861 2 6,772 2 5,193 2 
Total revenue$182,584 100 %$139,581 100 %$351,771 100 %$266,459 100 %
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 July 31,Six Months Ended July 31,
2024202320242023
United States$149,357 $114,054 $286,883 $217,016 
Europe28,889 22,245 56,541 43,202 
Asia Pacific4,338 3,282 8,347 6,241 
Total revenue$182,584 $139,581 $351,771 $266,459 
During the three and six months ended July 31, 2024, the United States accounted for 82% of total revenue for each period presented. During the three and six months ended July 31, 2023, the United States accounted for 82% and 81% of total revenue, respectively. No other individual country exceeded 10% of total revenue for any of the periods presented.
The Company operates its business as a single operating segment.
Deferred Revenue
During the three and six months ended July 31, 2024, $133.9 million and $218.5 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the periods presented. During the three and six months ended July 31, 2023, $101.6 million and $157.5 million, respectively, of revenue was recognized, which was included in the corresponding deferred revenue balance at the beginning of the periods presented.
Remaining Performance Obligations
As of July 31, 2024 and January 31, 2024, the aggregate amount of the transaction price allocated to billed and unbilled remaining performance obligations for which revenue has not yet been recognized was approximately $747.9 million and $673.8 million, respectively. As of July 31, 2024, the Company expects to recognize approximately 64% of the transaction price as product or services revenue over the next 12 months and 87% 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 July 31, 2024, one partner represented 15% of the accounts receivable balance; while as of January 31, 2024, two channel partners represented 12% and 13% of the accounts receivable balance, respectively. There were no individual customers whose balance represented more than 10% of accounts receivable as of July 31, 2024 and January 31, 2024.
There were no individual customers whose revenue represented more than 10% of total revenue during the three and six months ended July 31, 2024 and 2023.