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Revenue | 6 Months Ended
--- | ---
Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | 10. Revenue Disaggregation of Revenue The following table sets forth revenue disaggregated by geographic markets based on the location of the customer and by subscription and service categories (dollars in thousands):
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Geographic markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States | $ | 143,246 |  |  |  | 61 | % |  | $ | 113,910 |  |  |  | 60 | % |  | $ | 270,656 |  |  |  | 60 | % |  | $ | 217,852 |  |  |  | 60 | %
International |  | 91,740 |  |  |  | 39 | % |  |  | 75,375 |  |  |  | 40 | % |  |  | 181,567 |  |  |  | 40 | % |  |  | 145,735 |  |  |  | 40 | %
Total revenue | $ | 234,986 |  |  |  | 100 | % |  | $ | 189,285 |  |  |  | 100 | % |  | $ | 452,223 |  |  |  | 100 | % |  | $ | 363,587 |  |  |  | 100 | %
Subscriptions and services: |
Confluent Platform - License | $ | 26,958 |  |  |  | 12 | % |  | $ | 20,544 |  |  |  | 11 | % |  | $ | 46,325 |  |  |  | 10 | % |  | $ | 39,532 |  |  |  | 11 | %
Confluent Platform - PCS(1) |  | 80,381 |  |  |  | 34 | % |  |  | 72,366 |  |  |  | 38 | % |  |  | 161,074 |  |  |  | 36 | % |  |  | 140,307 |  |  |  | 39 | %
Confluent Cloud |  | 117,363 |  |  |  | 50 | % |  |  | 83,578 |  |  |  | 44 | % |  |  | 224,205 |  |  |  | 49 | % |  |  | 157,216 |  |  |  | 43 | %
Subscription |  | 224,702 |  |  |  | 96 | % |  |  | 176,488 |  |  |  | 93 | % |  |  | 431,604 |  |  |  | 95 | % |  |  | 337,055 |  |  |  | 93 | %
Services |  | 10,284 |  |  |  | 4 | % |  |  | 12,797 |  |  |  | 7 | % |  |  | 20,619 |  |  |  | 5 | % |  |  | 26,532 |  |  |  | 7 | %
Total revenue | $ | 234,986 |  |  |  | 100 | % |  | $ | 189,285 |  |  |  | 100 | % |  | $ | 452,223 |  |  |  | 100 | % |  | $ | 363,587 |  |  |  | 100 | %
(1) PCS refers to post-contract customer support, maintenance, and upgrades. Remaining Performance Obligations (“RPO”) RPO represent the amount of contracted future revenue that has not yet been recognized as of the end of each period, including both deferred revenue that has been invoiced and non-cancelable committed amounts that will be invoiced and recognized as revenue in future periods. RPO exclude pay-as-you-go arrangements. As of June 30, 2024, the Company’s RPO was $887.8 million, approximately 64% of which is expected to be recognized as revenue over the next 12 months and the substantial majority of the remainder in the next 13 to 36 months. Actual amounts or timing of revenue recognized may differ due to subsequent contract modifications. Deferred Revenue Deferred revenue, including current and non-current balances as of June 30, 2024 and December 31, 2023 was $348.5 million and $353.0 million, respectively. For the six months ended June 30, 2024 and 2023, revenue recognized from deferred revenue at the beginning of the year was $239.9 million and $199.9 million, respectively. Accounts Receivable, Net The unbilled receivables balance included in accounts receivable, net on the condensed consolidated balance sheets was $88.9 million and $64.2 million as of June 30, 2024 and December 31, 2023, respectively. The Company’s allowance for expected credit losses was not material as of June 30, 2024 and December 31, 2023. Additions to and write-offs against the allowance for expected credit losses were not material for the three and six months ended June 30, 2024 and 2023. Deferred Contract Acquisition Costs The following table summarizes the activity of deferred contract acquisition costs (in thousands):
| Six Months Ended June 30, |
| 2024 |  |  | 2023 |
Beginning balance | $ | 119,752 |  |  | $ | 104,284 |
Capitalization of contract acquisition costs |  | 25,028 |  |  |  | 23,966 |
Amortization of deferred contract acquisition costs |  | (26,096 | ) |  |  | (21,537 | )
Ending balance | $ | 118,684 |  |  | $ | 106,713 |

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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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