Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 23

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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,588)$1,490,590 $1,551 $(379,394)$1,072,218 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

Table of ContentsnCino, Inc.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)

Three Months Ended April 30,20242025Cash flows from operating activitiesNet income (loss) attributable to nCino, Inc.$(2,976)$5,562 Net income (loss) and adjustment attributable to redeemable non-controlling interest679 455 Net income (loss)(2,297)6,017 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization8,290 10,705 Non-cash operating lease costs1,615 1,161 Amortization of costs capitalized to obtain revenue contracts2,741 3,591 Amortization of debt issuance costs10 72 Stock-based compensation16,205 15,814 Change in fair value of contingent consideration— 200 Deferred income taxes(3,441)2,656 Provision for (recovery of) bad debt(131)202 Net foreign currency losses (gains)756 (13,669)Gains on investments— (1,652)Loss on disposal of long-lived assets— 73 Change in operating assets and liabilities:Accounts receivable37,464 45,717 Costs capitalized to obtain revenue contracts(5,105)(3,158)Prepaid expenses and other assets(2,092)(1,542)Accounts payable3,812 480 Accrued expenses and other liabilities(8,192)(15,796)Deferred revenue6,175 5,245 Operating lease liabilities(1,368)(1,335)Other long term liabilities— (461)Net cash provided by operating activities54,442 54,320 Cash flows from investing activitiesAcquisition of business, net of cash acquired(90,737)(50,263)Acquisition of assets(150)— Purchases of property and equipment(342)(1,718)Sale of investment— 3,684 Net cash used in investing activities(91,229)(48,297)Cash flows from financing activitiesRepurchases of common stock— (40,588)Proceeds from borrowings