Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 38

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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Item 1. Financial Statements

nCino, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

January 31, 2025October 31, 2025(Unaudited)AssetsCurrent assetsCash and cash equivalents (VIE: $2,254 and $2,554 at January 31, 2025 and October 31, 2025, respectively)$120,928 $87,590 Accounts receivable, less allowances of $1,229 and $1,245 at January 31, 2025 and October 31, 2025, respectively146,787 86,948 Costs capitalized to obtain revenue contracts, current portion, net13,462 14,942 Prepaid expenses and other current assets21,072 19,742 Total current assets302,249 209,222 Property and equipment, net74,953 76,335 Operating lease right-of-use assets, net16,026 12,926 Costs capitalized to obtain revenue contracts, noncurrent, net23,735 24,051 Goodwill1,019,375 1,071,152 Intangible assets, net154,571 142,841 Investments (related party $2,500 and $0 at January 31, 2025 and October 31, 2025, respectively)9,294 7,262 Long-term prepaid expenses and other assets10,178 17,385 Total assets$1,610,381 $1,561,174 Liabilities, redeemable non-controlling interest, and stockholders’ equityCurrent liabilitiesAccounts payable$13,640 $12,527 Accrued expenses and other current liabilities39,865 37,536 Deferred revenue, current portion191,174 152,065 Financing obligations, current portion1,680 1,831 Operating lease liabilities, current portion5,153 4,124 Total current liabilities251,512 208,083 Operating lease liabilities, noncurrent12,819 10,140 Deferred income taxes, noncurrent13,851 18,016 Deferred revenue, noncurrent269 121 Revolving credit facility, noncurrent166,000 203,500 Financing obligations, noncurrent51,172 49,776 Other long-term liabilities17,160 17,615 Total liabilities