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Deferred Revenue and Remaining Performance Obligations
3 Months Ended
Apr. 30, 2024
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 April 30,
As of January 31,
20242024
Deferred revenue, current$89,619 $81,736 
Deferred revenue, noncurrent2,572 2,747 
Total deferred revenue$92,191 $84,483 
Changes in the deferred revenue balances during the three months ended April 30, 2024 and 2023 were as follows (in thousands):
Three Months Ended April 30,
20242023
Beginning balance$84,483 $74,991 
Performance obligations satisfied during the period that were included in the deferred revenue balance at the beginning of the year(34,359)(29,061)
Increases due to invoicing prior to satisfaction of performance obligations42,067 35,484 
Ending balance$92,191 $81,414 
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 April 30, 2024, the Company’s RPOs were $220.0 million. The Company expects to recognize revenue of $137.0 million of these remaining performance obligations over the next twelve months with the remaining balances recognized thereafter.