Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 58

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 the sales proceeds and the carrying value of the investment at the beginning of the period or the purchase date, if later. Realized gains were $0.0 million and $1.2 million for the six months ended July 31, 2024 and 2025, respectively. See Note 12 "Related-Party Transactions" for additional information on the sale of an investment.

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Table of ContentsnCino, Inc.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share amounts and unless otherwise indicated)

Note 4. Revenues

Disaggregation of RevenueDisaggregated revenues by source and geographic region were as follows:Three Months Ended July 31,Six Months Ended July 31,2024202520242025United StatesSubscriptions - non-mortgage$75,748 $82,483 $148,739 $163,238 Subscriptions - mortgage17,139 20,854 34,839 39,823 Professional services and other12,038 11,970 23,588 24,796 Total United States104,925 115,307 207,166 227,857 InternationalSubscriptions21,024 27,415 40,739 53,279 Professional services and other6,454 6,093 12,585 11,816 Total International27,478 33,508 53,324 65,095 Total Revenue$132,403 $148,815 $260,490 $292,952  Revenues by geography are determined based on the region of the Company’s contracting entity, which may be different than the region of the customer. During the fourth quarter of fiscal year 2025, the Company changed the presentation of disaggregated revenues from a classification primarily based on geographic region to a classification to include sources by geographic region. The prior period presentation of disaggregated revenues has been reclassified to conform with the current period presentation.Contract AmountsAccounts ReceivableAccounts receivable, less allowance for doubtful accounts, is as follows as of January 31, 2025 and July 31, 2025:As of January 31, 2025As of July 31, 2025Trade accounts receivable$122,394 $82,105 Unbilled accounts receivable23,662 16,348 Allowance for doubtful accounts(1,229)(1,248