v3.24.3
Revenues
 9 Months Ended
Oct. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Deferred Revenue and Remaining Performance Obligations
The Company recognized $49.9 million and $42.5 million of revenues during the three months ended October 31, 2024 and 2023, respectively, that were included in the deferred revenue balances at January 31, 2024 and 2023, respectively. The Company recognized $244.0 million and $208.6 million of revenues during the nine months ended October 31, 2024 and 2023, respectively, that were included in the deferred revenue balances at January 31, 2024 and 2023, respectively.
Deferred revenue that will be recognized within the next twelve months is recorded as current deferred revenue, and the remaining portion is recorded as noncurrent. As of October 31, 2024, the Company's remaining performance obligations from contracts with customers was $405.7 million, of which the Company expects to recognize approximately 82% as revenues over the next 12 months and the remainder thereafter.
Deferred Contract Acquisition Costs
Deferred contract acquisition costs are amortized over a period of benefit of three years. The period of benefit was estimated by considering factors such as historical customer attrition rates, the useful life of the Company’s technology, and the impact of competition in the software-as-a-service industry.
The following table summarizes the activity of deferred contract acquisition costs (in thousands):
Three Months Ended October 31,Nine Months Ended October 31,
2024202320242023
Beginning balance$39,399 $38,336 $39,381 $36,583 
Capitalization of contract acquisition costs7,050 5,277 19,561 17,333
Amortization of deferred contract acquisition costs(6,696)(5,668)(19,189)(15,971)
Ending balance$39,753 $37,945 $39,753 $37,945 
The following table summarizes the outstanding balances of deferred contract acquisition costs (in thousands):
October 31, 2024January 31, 2024
Deferred contract acquisition costs, current$22,373 $21,594 
Deferred contract acquisition costs, noncurrent17,380 17,787 
Total deferred contract acquisition costs$39,753 $39,381 

Deferred contract acquisition costs, current is presented within prepaid expenses and other current assets in the condensed consolidated balance sheets. Deferred contract acquisition costs, noncurrent is presented within other assets in the condensed consolidated balance sheets.