XML 22 R13.htm IDEA: XBRL DOCUMENT v3.23.2
Deferred Revenue and Remaining Performance Obligations
6 Months Ended
Jul. 31, 2023
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Remaining Performance Obligations Deferred Revenue and Remaining Performance Obligations
The following table presents the deferred revenue balances (in thousands):
As of July 31,
As of January 31,
20232023
Deferred revenue, current$79,721 $71,716 
Deferred revenue, noncurrent3,219 3,275 
Total deferred revenue$82,940 $74,991 
Changes in the deferred revenue balances during the six months ended July 31, 2023 and 2022 were as follows (in thousands):
Six Months Ended July 31,
20232022
Beginning balance$74,991 $71,723 
Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year(49,726)(43,450)
Increases due to invoicing prior to satisfaction of performance obligations57,675 41,333 
Ending balance$82,940 $69,606 
Remaining performance obligations (“RPOs”) represent 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 July 31, 2023, the Company’s RPOs were $170.6 million. The Company expects to recognize revenue of $114.4 million of these remaining performance obligations over the next twelve months with the remaining balances recognized thereafter.