Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 42

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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Item 1. Financial Statements

nCino, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

January 31, 2025July 31, 2025(Unaudited)AssetsCurrent assetsCash and cash equivalents (VIE: $2,254 and $2,032 at January 31, 2025 and July 31, 2025, respectively)$120,928 $122,935 Accounts receivable, less allowances of $1,229 and $1,248 at January 31, 2025 and July 31, 2025, respectively146,787 98,468 Costs capitalized to obtain revenue contracts, current portion, net13,462 14,299 Prepaid expenses and other current assets21,072 19,383 Total current assets302,249 255,085 Property and equipment, net74,953 77,430 Operating lease right-of-use assets, net16,026 12,936 Costs capitalized to obtain revenue contracts, noncurrent, net23,735 22,676 Goodwill1,019,375 1,070,947 Intangible assets, net154,571 151,920 Investments (related party $2,500 and $0 at January 31, 2025 and July 31, 2025, respectively)9,294 7,262 Long-term prepaid expenses and other assets10,178 17,761 Total assets$1,610,381 $1,616,017 Liabilities, redeemable non-controlling interest, and stockholders’ equityCurrent liabilitiesAccounts payable$13,640 $14,069 Accrued expenses and other current liabilities39,865 33,654 Deferred revenue, current portion191,174 194,883 Financing obligations, current portion1,680 1,780 Operating lease liabilities, current portion5,153 4,251 Total current liabilities251,512 248,637 Operating lease liabilities, noncurrent12,819 9,706 Deferred income taxes, noncurrent13,851 19,421 Deferred revenue, noncurrent269 157 Revolving credit facility, noncurrent166,000 203,500 Financing obligations, noncurrent51,172 50,248 Other long-term liabilities17,160 17,185 Total liabilities