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Revenue (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
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,
2024202320242023
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
United States$207,008 51 %$161,692 53 %$403,471 52 %$314,610 53 %
Europe, Middle East, and Africa
110,968 28 %84,346 27 %216,352 28 %162,677 27 %
Asia Pacific52,126 13 %40,399 13 %99,777 13 %79,617 13 %
Other30,894 %22,057 %59,998 %41,765 %
Total$400,996 100 %$308,494 100 %$779,598 100 %$598,669 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
Channel partners
$76,686 19 %$47,148 15 %$147,137 19 %$88,151 15 %
Direct customers
324,310 81 %261,346 85 %632,461 81 %510,518 85 %
Total$400,996 100 %$308,494 100 %$779,598 100 %$598,669 100 %
Schedule of Deferred Contract Acquisition Costs
The following table summarizes the activity of the deferred contract acquisition costs:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(in thousands)(in thousands)
Beginning balance$137,527 $98,427 $133,236 $93,145 
Capitalization of contract acquisition costs
25,687 23,957 48,085 43,348 
Amortization of deferred contract acquisition costs
(18,884)(14,902)(36,991)(29,011)
Ending balance$144,330 $107,482 $144,330 $107,482