Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 19

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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Item 1. Financial Statements

nCino, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

January 31, 2025April 30, 2025(Unaudited)AssetsCurrent assetsCash and cash equivalents (VIE: $2,254 and $2,577 at January 31, 2025 and April 30, 2025, respectively)$120,928 $133,230 Accounts receivable, less allowances of $1,229 and $1,269 at January 31, 2025 and April 30, 2025, respectively146,787 104,417 Costs capitalized to obtain revenue contracts, current portion, net13,462 13,928 Prepaid expenses and other current assets21,072 22,109 Total current assets302,249 273,684 Property and equipment, net74,953 77,293 Operating lease right-of-use assets, net16,026 15,560 Costs capitalized to obtain revenue contracts, noncurrent, net23,735 23,233 Goodwill1,019,375 1,080,657 Intangible assets, net154,571 161,316 Investments (related party $2,500 and $0 at January 31, 2025 and April 30, 2025, respectively)9,294 7,262 Long-term prepaid expenses and other assets10,178 11,937 Total assets$1,610,381 $1,650,942 Liabilities, redeemable non-controlling interest, and stockholders’ equityCurrent liabilitiesAccounts payable$13,640 $15,101 Accrued expenses and other current liabilities39,865 35,185 Deferred revenue, current portion191,174 203,659 Financing obligations, current portion1,680 1,729 Operating lease liabilities, current portion5,153 5,068 Total current liabilities251,512 260,742 Operating lease liabilities, noncurrent12,819 12,338 Deferred income taxes, noncurrent13,851 20,718 Deferred revenue, noncurrent269 277 Revolving credit facility, noncurrent166,000 208,500 Financing obligations, noncurrent51,172 50,713 Other long-term liabilities17,160 16,707 Total liabilities