Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 130

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 25 to 48 months, and the remainder thereafter.

Note 5. Balance Sheet Components

Prepaid expenses and other current assetsPrepaid expenses and other current assets consisted of the following:As of January 31,2025As of October 31,2025Prepaid expenses$19,729 $18,174 Other current assets1,343 1,568 Prepaid expenses and other current assets$21,072 $19,742 Property and equipment, netProperty and equipment, net consisted of the following:As of January 31, 2025As of October 31, 2025Furniture and fixtures$11,712 $11,850 Computers and equipment7,193 6,544 Buildings and land56,379 56,379 Leasehold improvements28,046 30,143 Construction in progress627 — Total property and equipment, gross103,957 104,916 Less accumulated depreciation(29,004)(28,581)Total property and equipment, net$74,953 $76,335 The Company recognized depreciation expense as follows:Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Cost of subscription revenues$124 $107 $366 $333 Cost of professional services and other revenues322 350 991 1,034 Sales and marketing316 324 981 940 Research and development602 493 1,830 1,583 General and administrative192 166 576 527 Total depreciation expense$1,556 $1,440 $4,744 $4,417 

14

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

Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities consisted of the following:As of January 31,2025As of October 31,2025Contingent consideration liability$— $8,500 Accrued compensation and benefits23,626 16,481 Accrued expenses16,239 12,555 Accrued expenses and other current liabilities$39,865 $37,536 

Note 6. Business Combinations

DocFox, Inc. (“DocFox”)On March 20, 202