Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 89

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 89
---
70,236 Research and development34,271 34,667 64,252 68,008 General and administrative20,394 25,489 42,938 47,132 Total operating expenses86,378 97,421 166,948 185,376 Loss from operations(7,906)(9,296)(11,569)(10,809)Non-operating income (expense):Interest income321 513 926 930 Interest expense(1,835)(4,444)(3,312)(8,894)Other income (expense), net150 717 (594)16,814 Loss before income taxes(9,270)(12,510)(14,549)(1,959)Income tax provision (benefit)1,753 1,209 (1,229)5,743 Net loss(11,023)(13,719)(13,320)(7,702)Net income (loss) attributable to redeemable non-controlling interest(58)(74)(223)2 Adjustment attributable to redeemable non-controlling interest75 1,612 919 1,991 Net loss attributable to nCino, Inc.$(11,040)$(15,257)$(14,016)$(9,695)

1Includes the operating results of DocFox, ILT, FullCircl and Sandbox Banking from the DocFox Acquisition Date, the ILT Acquisition Date, FullCircl Acquisition Date and the Sandbox Acquisition Date, respectively, see Note 6 "Business Combinations" of the notes to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.

36

The Company recognized stock-based compensation expense as follows:

Three Months Ended July 31,Six Months Ended July 31,($ in thousands)2024202520242025Cost of subscription revenues$793 $830 $1,355 $1,494 Cost of professional services and other revenues2,980 3,315 5,759 6,069 Sales and marketing4,184 3,746 8,140 6,674 Research and development5,286 3,685 9,512 7,800 General and administrative5,596 7,040 10,278 12,393 Total stock-based compensation expense$18,839 $18,616 $35,044