Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 54

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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86.7%, and a discount rate of 6.7%.There were no transfers between levels of the fair value hierarchy during the three and nine months ended October 31, 2024 and 2025.Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring BasisThe Company’s assets measured at fair value on a non-recurring basis include the investments accounted for under the measurement alternative. Unrealized gains as a result of an observable price change were $0.0 million and $0.5 million for 

12

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

the nine months ended October 31, 2024 and 2025, respectively. Cumulative unrealized gains were $0.7 million for investments accounted for under the measurement alternative as of October 31, 2025. There was no impairment recognized for the three and nine months ended October 31, 2024 and 2025. Realized gains from the sale of an investment reflects the difference between 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 nine months ended October 31, 2024 and 2025, respectively. See Note 12 “Related-Party Transactions” for additional information on the sale of an investment.

Note 4. Revenues

Disaggregation of RevenueDisaggregated revenues by source and geographic region were as follows:Three Months Ended October 31,Nine Months Ended October 31,2024202520242025United StatesSubscriptions - non-mortgage$76,272 $84,483 $225,011 $247,721 Subscriptions - mortgage20,639 21,060 55,478 60,883 Professional services and other12,280 13,061 35,868 37,857 Total United States109,191 118,604 316,357 346,461 InternationalSubscriptions22,983 27,868 63,722 81,147 Professional services and other6,623 5,691 19,208 17,507 Total International29,606 33,559 82,930 98,654 Total Revenue$138,797 $152