Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 27

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 27
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540,657 

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

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, 2024 and January 31, 2025:As of January 31,20242025Trade accounts receivable$106,170 $122,394 Unbilled accounts receivable7,699 23,662 Allowance for doubtful accounts(1,451)(1,229)Other accounts receivable557 1,960 Total accounts receivable, net$112,975 $146,787 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 and $8.3 million from acquisitions, which were offset by decreases due to revenues recognized in the period. During the fiscal year ended January 31, 2025, $170.5 million of revenues were recognized out of the deferred revenue balance as of January 31, 2024.Transaction price allocated to remaining performance obligations represents contracted revenues that have not yet been recognized, which includes both deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. Transaction price allocated to the remaining performance obligation is influenced by several factors, including the timing of renewals, average contract terms, and foreign currency exchange rates. The Company applies practical expedients to exclude amounts related to performance obligations that are billed and recognized as they are delivered, optional purchases that do not represent material rights, and any estimated amounts of variable consideration that are subject to constraint.Remaining performance obligations were $1.2 billion as of January 31, 2025. The Company expects to recognize approximately 67% of its remaining performance obligation as revenues in the next 24 months, approximately 27% more in the following 25 to 48