Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 52

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 52
---
 inclusion of potentially issuable shares was anti-dilutive.The components of basic and diluted loss per share for periods presented are as follows (in thousands, except share and per share data):Fiscal Year Ended January 31,202320242025Basic and diluted loss per share:NumeratorNet loss attributable to nCino, Inc.$(102,720)$(42,346)$(37,878)DenominatorWeighted-average common shares outstanding110,615,734 112,672,397 115,162,175 Basic and diluted loss per share attributable to nCino, Inc.$(0.93)$(0.38)$(0.33)The following potential outstanding common stock were excluded from the diluted loss per share computation because the effect would have been anti-dilutive:Fiscal Year Ended January 31,202320242025Stock options issued and outstanding2,009,323 1,212,704 811,602 Nonvested RSUs issued and outstanding3,531,387 5,626,125 6,105,459 Shares issuable pursuant to the ESPP21,079 105,227 106,440 

91

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

Note 18. Restructuring

In the fourth quarter of fiscal 2023, 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 operating margins and advance the Company’s objective of profitable growth.Lease termination costs were accounted for in accordance with ASC 842, Leases. The Company paid $0.8 million in the fourth quarter of fiscal 2023 to exercise an early termination clause to exit a facility during fiscal 2024, which was accounted for as a lease modification. The Company incurred charges in the fourth quarter of the Company’s fiscal 2023 of $4.8 million in connection with the restructuring plan. The accrual for severance and related benefit costs of $5.0 million for terminated employees was included in accrued compensation and benefits on the consolidated balance sheets as of January 31, 2023 and was paid in the first quarter of the Company’s fiscal 2024. The Company’s restructuring charges were as follows:Fiscal Year Ended January 31,20232024Severance and other employee costs