Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 127

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 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)Other accounts receivable1,960 1,263 Total accounts receivable, net$146,787 $98,468 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 six months ended July 31, 2025, $154.6 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 July 31, 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 consisted of the following:As of January 31,2025As of July 31,2025Prepaid expenses$19,729 $17,465 Other current assets1,343 1,918 Prepaid expenses and other current assets$21,072 $19,383 Property and equipment, netProperty and equipment, net consisted of the following:As of January 31, 2025As of July 31, 2025Furniture and