Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 87

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 - mortgage17,700 18,969 Professional services and other11,550 12,826 Total United States102,241 112,550 InternationalSubscriptions19,715 25,864 Professional services and other6,131 5,723 Total International25,846 31,587 Total Revenue$128,087 $144,137  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 April 30, 2025:As of January 31, 2025As of April 30, 2025Trade accounts receivable$122,394 $85,828 Unbilled accounts receivable23,662 17,102 Allowance for doubtful accounts(1,229)(1,269)Other accounts receivable1,960 2,756 Total accounts receivable, net$146,787 $104,417 Deferred Revenue and Remaining Performance ObligationsSignificant movements in the deferred revenue balance during the period consisted of increases due to payments received or due in advance prior to the transfer of control of the underlying performance obligations to the customer, which were offset by decreases due to revenues recognized in the period. During the three months ended April 30, 2025, $90.0 million of revenues were recognized out of the deferred revenue balance as of January 31, 2025.Remaining performance obligations were $1.2 billion as of April 30, 2025. The Company expects to recognize approximately 69% of its remaining performance obligation as revenues in the next 24 months, approximately 26% more in the following 25 to 48 months, and the remainder thereafter.

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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 5. Balance Sheet Components

Prepaid expenses and other current assetsPrepaid expenses and other current assets