Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 146

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 of ContentsnCino, Inc.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share amounts and unless otherwise indicated)

The following table presents selected financial information that is provided to our CODM:Three Months Ended July 31,Six Months Ended July 31,2024202520242025Revenues$132,403 $148,815 $260,490 $292,952 Less:Adjusted cost of revenues(1)45,671 50,129 89,310 99,249 Adjusted sales and marketing expense(1)24,667 28,093 46,274 53,769 Adjusted research and development expense(1)28,985 26,590 54,740 55,726 Adjusted general and administrative expense(1)13,782 13,993 26,423 29,368 Interest income(321)(513)(926)(930)Interest expense1,835 4,444 3,312 8,894 Adjusted other (income) expense, net(2)128 (67)28 (1,864)Other segment items(3)26,926 38,656 55,878 50,699 Income tax provision (benefit)1,753 1,209 (1,229)5,743 Net income (loss)$(11,023)$(13,719)$(13,320)$(7,702)(1) Cost of revenue, sales and marketing expense, research and development expense, and general and administrative expense in the consolidated statements of operations, adjusted to exclude amortization of intangible assets, stock-based compensation expense, acquisition-related expenses, certain litigation expenses, and restructuring and related charges, if any.(2) Beginning in the first quarter of fiscal 2026, other (income) expense, net in the consolidated statements of operations, adjusted to exclude intercompany foreign currency exchange gains or losses from the remeasurement of intercompany loans and transactions that are denominated in currencies other than the underlying functional currency of the applicable entity. Prior period amounts recast to conform to the current presentation.(3) Other segment items are the adjustments described in the notes above.Revenues by geographic region were as follows:Three Months Ended July 31,Six Months Ended July 31,2024202520242025United States$104,925 $115,307 $207,166