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Costs to Obtain and Fulfill a Contract | 12 Months Ended
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Feb. 01, 2025
Revenue from Contract with Customer [Abstract] |
Costs to Obtain and Fulfill a Contract | Costs to Obtain and Fulfill a Contract Deferred Commissions—Total deferred commissions as of February 1, 2025 and February 3, 2024 were $209.3 million and $177.6 million, respectively. The following table provides the amounts capitalized and amortized for the Company’s commission costs for the periods presented (in thousands):
|  |  | Fiscal Year Ended
|  |  |  |  | February 1, 2025 |  | February 3, 2024 |  | January 28, 2023
Capitalized commission costs |  |  |  |  | $ | 89,243 |  |  | $ | 88,319 |  |  | $ | 72,519 |
Amortization expense |  |  |  |  | $ | 57,464 |  |  | $ | 50,923 |  |  | $ | 50,110 |
Connected Devices—Total connected device costs, current and non-current, as of February 1, 2025 and February 3, 2024 were $362.3 million and $334.8 million, respectively. The following table provides the amounts capitalized and amortized for the Company’s connected device costs for the periods presented (in thousands):
|  |  | Fiscal Year Ended
|  |  |  |  | February 1, 2025 |  | February 3, 2024 |  | January 28, 2023
Capitalized connected device costs |  |  |  |  | $ | 144,273 |  |  | $ | 154,671 |  |  | $ | 148,057 |
Amortization expense |  |  |  |  | $ | 116,812 |  |  | $ | 96,779 |  |  | $ | 64,970 |
Revenue, Accounts Receivable, Deferred Revenue, and Remaining Performance Obligations Revenue consists of the following (in thousands):
|  |  | Fiscal Year Ended
|  |  |  |  | February 1, 2025 |  | February 3, 2024 |  | January 28, 2023
Subscription revenue |  |  |  |  | $ | 1,225,777 |  |  | $ | 919,362 |  |  | $ | 639,533 |
Other revenue |  |  |  |  | 23,422 |  |  | 18,023 |  |  | 13,012 |
Total revenue |  |  |  |  | $ | 1,249,199 |  |  | $ | 937,385 |  |  | $ | 652,545 |
Accounts Receivable—An allowance for credit losses balance of $9.1 million and $7.8 million was recorded as of February 1, 2025 and February 3, 2024, respectively. During the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023, the Company recorded a charge of $3.3 million, $7.5 million, and $6.6 million, respectively, to operations and wrote off $2.0 million, $7.2 million, and $3.5 million, respectively, against the allowance. Deferred Revenue—The following table provides the deferred revenue balances and revenue recognized from beginning deferred revenue balances for the periods presented (in thousands):
|  |  | Fiscal Year Ended
|  |  |  |  | February 1, 2025 |  | February 3, 2024 |  |
Deferred revenue, beginning of period |  |  |  |  | $ | 565,486 |  |  | $ | 426,565 |  |  |
Deferred revenue, end of period |  |  |  |  | $ | 685,770 |  |  | $ | 565,486 |  |  |
Revenue recognized in the period from beginning deferred revenue balance |  |  |  |  | $ | 426,369 |  |  | $ | 300,113 |  |  |
Remaining Performance Obligations (“RPO”)—RPO represents the amount of contracted future revenue that has not yet been recognized, including both deferred revenue and non-cancelable contracted amounts that will be invoiced and recognized as revenue in future periods. As of February 1, 2025, the Company’s RPO was $2,651.2 million, of which the Company expects to recognize revenue of approximately $1,253.8 million over the next 12 months, with the remaining balance to be recognized thereafter. Concentrations of Significant Customers and Credit Risk—No customer accounted for greater than 10% of the Company’s total revenue for the fiscal years ended February 1, 2025, February 3, 2024, and January 28, 2023. There were no customers that individually represented greater than 10% of the Company’s accounts receivable as of February 1, 2025 and February 3, 2024.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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