Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 142

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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,699 9,299 Sales and marketing4,394 4,008 12,534 10,682 Research and development4,208 4,096 13,720 11,896 General and administrative5,696 6,113 15,974 18,506 Total stock-based compensation expense$17,971 $18,251 $53,015 $52,681 

Note 9. Leases

Operating LeasesThe Company leases its facilities and a portion of its equipment under various non-cancellable agreements, which expire at various times through December 2034, some of which include options to extend for up to one year. See Note 15 “Restructuring” regarding lease terminations in connection with the Restructuring Plan.The components of lease expense were as follows:Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Operating lease expense$1,418 $1,094 $4,144 $3,916 Variable lease expense657 704 1,927 1,999 Short-term lease expense41 58 189 185 Sublease income(232)— (232)(174)Total lease expense$1,884 $1,856 $6,028 $5,926 Supplemental cash flow information related to operating leases were as follows:Nine Months Ended October 31,20242025Cash paid for amounts included in the measurement of operating lease liabilities$3,236 $3,927 Operating lease right-of-use assets obtained in exchange for operating lease liabilities810 1,533 Operating lease right-of-use assets and operating lease liabilities reductions related to operating lease terminations or modifications1,947 2,102 The weighted-average remaining lease term and weighted-average discount rate for the Company’s operating lease liabilities as of October 31, 2025 were 7.02 years and 6.8%, respectively.

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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)

Future minimum lease payments as of October 31, 2025 were as follows:Operating LeasesFiscal 2026 (remaining three months)$1,187 Fiscal 20274,358 Fiscal 20282,381 Fiscal 20291,739 Fiscal