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Revenue, Deferred Revenue, and Remaining Performance Obligations
12 Months Ended
Feb. 03, 2024
Revenue from Contract with Customer [Abstract]  
Revenue, Deferred Revenue, and Remaining Performance Obligations Costs to Obtain and Fulfill a Contract
Deferred Commissions—Total deferred commissions as of February 3, 2024 and January 28, 2023 were $177.6 million and $140.2 million, respectively.
The following table provides the amounts capitalized and amortized for the Company’s commission costs for the periods presented (in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023January 29, 2022
Capitalized commission costs$88,319 $72,519 $76,702 
Amortization expense$50,923 $50,110 $45,882 
Connected Devices—Total connected device costs, current and non-current, as of February 3, 2024 and January 28, 2023 were $334.8 million and $276.9 million, respectively.
The following table provides the amounts capitalized and amortized for the Company’s connected device costs for the periods presented (in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023January 29, 2022
Capitalized connected device costs$154,671 $148,057 $127,308 
Amortization expense$96,779 $64,970 $39,851 
Revenue, Deferred Revenue, and Remaining Performance Obligations
Revenue consists of the following (in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023January 29, 2022
Subscription revenue$919,362 $639,533 $418,980 
Other revenue18,023 13,012 9,365 
Total revenue$937,385 $652,545 $428,345 
Deferred Revenue—The following table provides the deferred revenue balances and revenue recognized from beginning deferred revenue balances for the periods presented (in thousands):
Fiscal Year Ended
February 3, 2024January 28, 2023
Deferred revenue, beginning of period$426,565 $313,686 
Deferred revenue, end of period565,486 426,565 
Revenue recognized in the period from beginning deferred revenue balance300,113 203,185 
Remaining Performance Obligations (“RPO”)—RPO represents 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 February 3, 2024, the Company’s RPO was $2,001.2 million, of which the Company expects to recognize revenue of approximately $948.1 million over the next 12 months, with the remaining balance to be recognized thereafter.
Concentrations of Significant Customers and Credit Risk—No customer accounted for greater than 10% of the Company’s total revenue for the fiscal years ended February 3, 2024, January 28, 2023, and January 29, 2022.
There were no customers that individually represented greater than 10% of the Company’s accounts receivable as of February 3, 2024 and January 28, 2023.