Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 126

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 July 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 the six months ended July 31, 2024 and 2025, respectively. Cumulative unrealized gains were $0.7 million for investments accounted for under the measurement alternative as of July 31, 2025. There was no impairment recognized for the three and six months ended July 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 six months ended July 31, 2024 and 2025, respectively. See Note 12 "Related-Party Transactions" for additional information on the sale of an investment.

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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 4. Revenues

Disaggregation of RevenueDisaggregated revenues by source and geographic region were as follows:Three Months Ended July 31,Six Months Ended July 31,2024202520242025United StatesSubscriptions - non-mortgage$75,748 $82,483 $148,739 $163,238 Subscriptions - mortgage17,139 20,854 34,839 39,823 Professional services and other12,038 11,970 23,588 24,796 Total United States104,925 115,307 207,166 227,857 InternationalSubscriptions21,024 27,415 40,739 53,279 Professional services and other6,454 6,093 12,585 11,816 Total International27,478 33,508 53,324 65,095 Total Revenue$132,403 $148,815 $260,490 $292,952  Revenues by geography are determined based on the region of the Company’s contracting entity, which may be