Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 44

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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

Nine Months Ended October 31,20242025Cash flows from operating activitiesNet loss attributable to nCino, Inc.$(19,268)$(3,156)Net loss and adjustment attributable to redeemable non-controlling interest1,796 4,069 Net income (loss)(17,472)913 Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization26,132 31,998 Non-cash operating lease costs3,844 3,123 Amortization of costs capitalized to obtain revenue contracts8,724 11,024 Amortization of debt issuance costs60 215 Stock-based compensation53,015 52,681 Change in fair value of contingent consideration— 400 Deferred income taxes(2,496)2,579 Provision for bad debt25 150 Net foreign currency gains(658)(14,178)Gains on investments— (1,652)Loss on disposal of long-lived assets35 463 Change in operating assets and liabilities:Accounts receivable50,184 63,080 Costs capitalized to obtain revenue contracts(13,199)(12,445)Prepaid expenses and other assets656 1,482 Accounts payable55 (897)Accrued expenses and other liabilities(148)(12,807)Deferred revenue(41,604)(46,066)Operating lease liabilities(2,936)(3,134)Other long term liabilities1,001 198 Net cash provided by operating activities65,218 77,127 Cash flows from investing activitiesAcquisition of business, net of cash acquired(90,839)(50,263)Acquisition of assets(450)— Purchases of property and equipment(1,466)(7,040)Sale of investment— 3,684 Net cash used in investing activities(92,755)(53,619)Cash flows from financing activitiesRepurchases of common stock— (100,080)Proceeds from borrowings on revolving credit facility241,000 102,500 Payments on revolving credit facility(75,000)(65,000)Payments of debt issuance costs(1,382)— Exercise of stock options2