Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 53

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 53
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Stock-based compensation (benefit)Lease exit fees1TotalSeverance and other employee costsStock-based compensation (benefit)Lease exit fees1TotalCost of subscription revenues$— $— $4 $4 $— $— $51 $51 Cost of professional services and other revenues324 (9)9 324 — — 118 118 Sales and marketing1,324 (31)9 1,302 — — 100 100 Research and development2,105 (141)30 1,994 — — 352 352 General and administrative1,210 (29)2 1,183 — — 6 6 Total$4,963 $(210)$54 $4,807 $— $— $627 $627 1These expenses reduced operating lease right-of-use assets on the consolidated balance sheets. The Company had no restructuring charges for the fiscal year ended January 31, 2025.

Note 19. Segment Information

The Company's chief operating decision maker ("CODM") is the Company's Chief Executive Officer, who reviews financial information on a consolidated basis. The Company brings together people and data to enable financial institutions to enhance strategic decision-making, risk management, and customer satisfaction through the selection of intelligent solutions provided by the nCino Platform as a SaaS company. As such, the Company has one operating and reportable segment. The CODM uses consolidated net loss in deciding how to make operating decisions, allocate resources, and assess performance. 

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Table of ContentsnCino, Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share amounts and unless otherwise indicated)

The following table presents selected financial information that is provided to our CODM:Fiscal Year Ended January 31,202320242025Revenues$408,315 $476,543 $540,657 Less:Adjusted cost of revenues(1)143,463 163,449 182,887 Adjusted sales and marketing expense(1)101,966 94,440 94,190 Adjusted research and development expense(1)107,839 101,017 111,110 Adjusted general and administrative expense(1)57,188 55,858 56,305 Other segment items(2)91,872 101,291 114,296 Interest income