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Disaggregation of Revenue, Deferred Revenue, Remaining Performance Obligations, and Credit Risk (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents the disaggregation of revenue by revenue type, consistent with how the Company evaluates its financial performance, for the three and six months ended June 30, 2025 and 2024 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues: |  |  |  |  |  |  |
Cloud subscription(i) | $ | 209,931 |  |  | $ | 161,422 |  |  | $ | 409,866 |  |  | $ | 312,860 |
Self-managed subscription support and other(i) | 40,964 |  |  | 48,908 |  |  | 82,460 |  |  | 97,499 |
Maintenance(ii) | 102,919 |  |  | 116,482 |  |  | 206,128 |  |  | 234,160 |
Total revenue recognized over time | 353,814 |  |  | 326,812 |  |  | 698,454 |  |  | 644,519 |
Self-managed subscription license recognized at a point in time(i)(iii) | 36,139 |  |  | 53,976 |  |  | 78,718 |  |  | 105,945 |
Total subscription and maintenance revenue | 389,953 |  |  | 380,788 |  |  | 777,172 |  |  | 750,464 |
Professional services(ii) | 17,391 |  |  | 19,837 |  |  | 34,069 |  |  | 38,768 |
Total revenues | $ | 407,344 |  |  | $ | 400,625 |  |  | $ | 811,241 |  |  | $ | 789,232 |
(i) Included in Subscription revenue on the condensed consolidated statements of operations. (ii) Included in Maintenance and Professional services revenue on the condensed consolidated statements of operations. (iii) The Company previously presented Perpetual license revenue separately. Because revenue for perpetual licenses are not material for current or past periods due to the transition to a cloud-only, consumption-driven strategy, the Company has combined these amounts into Self-managed subscription license recognized at a point in time and retrospectively adjusted past periods for comparative purposes. Revenue by geographic location for the three and six months ended June 30, 2025 and 2024 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
North America | $ | 268,714 |  |  | $ | 272,065 |  |  | $ | 541,162 |  |  | $ | 530,120 |
EMEA | 96,602 |  |  | 88,655 |  |  | 189,346 |  |  | 175,365 |
Asia Pacific | 34,325 |  |  | 30,983 |  |  | 65,763 |  |  | 63,962 |
Latin America | 7,703 |  |  | 8,922 |  |  | 14,970 |  |  | 19,785 |
Total revenues | $ | 407,344 |  |  | $ | 400,625 |  |  | $ | 811,241 |  |  | $ | 789,232 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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