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Revenue
9 Months Ended
Sep. 30, 2025
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 and nine months ended September 30, 2025 and 2024.
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 September 30,Nine Months Ended September 30,
2025202420252024
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
United States$282,604 50 %$214,955 50 %$769,385 49 %$618,426 51 %
Europe, Middle East, and Africa
153,298 27 %121,802 28 %430,589 28 %338,154 28 %
Asia Pacific84,667 15 %59,103 14 %233,206 15 %158,880 13 %
Other41,458 %34,222 %120,250 %94,220 %
Total$562,027 100 %$430,082 100 %$1,553,430 100 %$1,209,680 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
Channel partners
$149,859 27 %$88,865 21 %$392,829 25 %$236,002 20 %
Direct customers
412,168 73 %341,217 79 %1,160,601 75 %973,678 80 %
Total$562,027 100 %$430,082 100 %$1,553,430 100 %$1,209,680 100 %
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 nine months ended September 30, 2025, the Company recognized revenue of $433.5 million, that was included in the corresponding contract liability balance at the beginning of the period 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 September 30,Nine Months Ended September 30,
2025202420252024
(in thousands)(in thousands)
Beginning balance$183,919 $144,330 $172,217 $133,236 
Capitalization of contract acquisition costs
36,520 27,766 95,518 75,851 
Amortization of deferred contract acquisition costs
(26,404)(19,716)(73,700)(56,707)
Ending balance$194,035 $152,380 $194,035 $152,380 
The Company did not recognize any impairment losses of deferred contract acquisition costs during the periods presented.
Remaining Performance Obligations
As of September 30, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was $2,143.1 million. As of September 30, 2025, the Company expected to recognize 64% of its remaining performance obligations as revenue over the next 12 months with the remainder recognized thereafter.