Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 26

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 26
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 on a recurring basis as of January 31, 2024Level 1Level 2Level 3Assets:Money market accounts (included in cash and cash equivalents)$38,649 $— $— Time deposits (included in long-term prepaid expenses and other assets)359 — — Total assets$39,008 $— $— Fair value measurements on a recurring basis as of January 31, 2025Level 1Level 2Level 3Assets:Money market accounts (included in cash and cash equivalents)$38,841 $— $— Time deposits (included in long-term prepaid expenses and other assets)339 — — Total assets$39,180 $— $— All of the Company’s money market accounts are classified within Level 1 because the Company’s money market accounts are valued using quoted market prices in active exchange markets including identical assets.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. Fair value changes were immaterial for the years ended January 31, 2023, 2024 and 2025. There was no impairment recognized for the fiscal years ended January 31, 2023, 2024, and 2025. In March 2025, we recorded a realized gain of $1.2 million from the sale of one of these investments. See Note 16 "Related-Party Transactions" and Note 20 "Subsequent Events" for additional information.

Note 4. Revenues

Disaggregation of RevenueDisaggregated revenues by source and geographic region were as follows:Fiscal Year Ended January 31,202320242025United StatesSubscriptions - non-mortgage$241,394 $273,044 $303,546 Subscriptions - mortgage59,804 68,040 73,782 Professional services and other45,296 46,117 47,104 Total United States346,494 387,201 424,432 InternationalSubscriptions43,554 68,395 91,840 Professional services and other18,267 20,947 24,385 Total International61,821 89,342 116,225 Total Revenue$408,315 $476,543 $