Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 56

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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Cino K.K. stock options granted in accordance with nCino K.K.'s equity incentive plan.

Note 3. Fair Value Measurements

Financial Assets and Liabilities Measured at Fair Value on a Recurring BasisThe Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities.Level 2. Significant other inputs that are directly or indirectly observable in the marketplace.Level 3. Significant unobservable inputs which are supported by little or no market activity.The carrying amounts of cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value as of January 31, 2025 and July 31, 2025 because of the relatively short duration of these instruments. The carrying amount of any outstanding borrowings on the Company's revolving credit facility approximates fair value due to the variable interest rates of the borrowings.The Company evaluated its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. The following table summarizes the Company’s financial assets measured at fair value as of January 31, 2025 and July 31, 2025 and indicates the fair value hierarchy of the valuation: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 $— $— 

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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)

Fair value measurements on a recurring basis as of July 31, 2025Level 1Level 2Level 3Assets:Money market accounts (included in cash and cash equivalents)$45,978 $— $— Time deposits (included in prepaid expenses and other current assets)132 — — Time deposits (included in long-term prepaid expenses and other assets)156 — — Total assets$46,266 $— $— Liabilities:Conting