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Deferred Contract Acquisition and Fulfillment Costs
 6 Months Ended
Jul. 31, 2025
Revenue from Contract with Customer [Abstract]  
Deferred Contract Acquisition and Fulfillment Costs Revenue
Subscription revenue is recognized over time and accounted for approximately 98% of our revenue in each of the three and six months ended July 31, 2025, and 97% of our revenue in each of the three and six months ended July 31, 2024.

Performance Obligations

As of July 31, 2025, the amount of the transaction price allocated to remaining performance obligations for contracts greater than one year was $2.3 billion. We expect to recognize 57% of the transaction price allocated to remaining performance obligations within the 12 months following July 31, 2025 in our condensed consolidated statement of operations and comprehensive income.

Contract Balances

Contract assets represent amounts for which we have recognized revenue, pursuant to our revenue recognition policy, for contracts that have not yet been invoiced to our customers where there is a remaining performance obligation, typically for multi-year arrangements. Total contract assets were $9.9 million and $13.8 million as of July 31, 2025 and January 31, 2025. The change in contract assets reflects the difference in timing between our satisfaction of remaining performance obligations and our contractual right to bill our customers.

Contract liabilities consist of deferred revenue and payments received in advance of performance under the contract. Such amounts are generally recognized as revenue over the contractual period. For the six months ended July 31, 2025 and 2024, we recognized revenue of $1.1 billion and $969.4 million that was included in the corresponding contract liability balance at the beginning of the periods presented.

We receive payments from customers based upon contractual billing schedules. We record accounts receivable when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 days.
Deferred Contract Acquisition and Fulfillment Costs
The following table represents a rollforward of our deferred contract acquisition and fulfillment costs:
Six Months Ended July 31,
(in thousands)20252024
Deferred Contract Acquisition Costs:
Beginning balance$467,201 $409,658 
Additions to deferred contract acquisition costs103,383 113,172 
Amortization of deferred contract acquisition costs(113,045)(92,644)
Cumulative translation adjustment5,389 (2,587)
Ending balance$462,928 $427,599 
Deferred Contract Fulfillment Costs:
Beginning balance$23,657 $22,525 
Additions to deferred contract fulfillment costs24,605 18,083 
Amortization of deferred contract fulfillment costs(22,091)(18,823)
Cumulative translation adjustment1,410 14 
Ending balance$27,581 $21,799