Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 147

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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 $227,857 United Kingdom13,104 18,951 25,886 36,874 Other14,374 14,557 27,438 28,221 $132,403 $148,815 $260,490 $292,952 Revenues by geography are determined based on the region of the Company’s contracting entity, which may be different than the region of the customer. For the three and six months ended July 31, 2024 and 2025, one country, in addition to the United States, represented 10% or more of total revenues for the periods presented.

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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)

Long-lived assets, which consist of property and equipment, net and operating ROU assets, net by geographic region were as follows:As of January 31, 2025As of July 31,2025United States$79,115 $72,493 United Kingdom9,760 15,740 Other2,104 2,133 $90,979 $90,366 

Note 15. Restructuring

In the second quarter of fiscal 2026, the Company announced a workforce reduction of approximately 7% and office space reductions in certain markets (collectively, the “Restructuring Plan”) in furtherance of its efforts to improve operational efficiencies. The Company substantially completed the planned actions during our second quarter of fiscal 2026, and expects to finalize the process in the second half of fiscal 2026, subject to local law and consultation requirements.Our restructuring costs consist primarily of severance and termination benefits, exit costs and asset write-offs. Severance costs generally include severance payments, out placement services, health insurance coverage and employer tax liabilities. Exit costs primarily consist of lease exit and contract termination costs. Lease termination costs include $1.7 million in lease termination payments, offset by a $0.6 million gain to derecognize the operating right-of-use assets and operating lease liabilities.The Company’s restructuring charges for the six months ended months ended July 31, 2025 were as follows:Severance CostsExit CostsAsset Write-offsTotalCost of subscription revenues$426 $53 $17 $496 Cost of professional services and other revenues537 139 46 722 Sales