Deferred Commissions |
9 Months Ended |
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Oct. 31, 2024 | |
| Revenue from Contract with Customer [Abstract] | |
| Deferred Commissions | Revenue from Contracts with Customers During the three months ended October 31, 2024 and 2023, the Company recognized $240.5 million and $200.5 million of subscription revenue, respectively, and $4.5 million and $4.4 million of professional services revenue, respectively, which were included in the deferred revenue balance as of July 31, 2024 and 2023, respectively. During the nine months ended October 31, 2024 and 2023, the Company recognized $508.8 million and $406.1 million of subscription revenue, respectively, and $7.7 million and $7.0 million of professional services revenue, respectively, which were included in the deferred revenue balance as of January 31, 2024 and 2023, respectively. As of October 31, 2024, approximately $791.9 million of revenue, including amounts already invoiced and amounts contracted but not yet invoiced, was expected to be recognized from remaining performance obligations, of which $785.5 million related to subscriptions and $6.4 million related to professional services. Approximately 82% of revenue related to remaining performance obligations is expected to be recognized in the next 12 months. Deferred CommissionsDeferred commissions were $156.7 million as of October 31, 2024 and $148.9 million as of January 31, 2024. Amortization expense for deferred commissions was $17.7 million and $14.1 million for the three months ended October 31, 2024 and 2023, respectively, and $50.3 million and $38.4 million for the nine months ended October 31, 2024 and 2023, respectively. Deferred commissions are amortized over a period of four years. The amortization expense is recorded in sales and marketing on the Company’s condensed consolidated statements of operations.
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