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Costs to Obtain and Fulfill a Contract
 12 Months Ended
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, 2025February 3, 2024January 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, 2025February 3, 2024January 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, 2025February 3, 2024January 28, 2023
Subscription revenue$1,225,777 $919,362 $639,533 
Other revenue23,422 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, 2025February 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.