Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 51

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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Us, and shares of common stock issuable under the ESPP— 1,797,194 Weighted-average commons shares outstanding, diluted114,197,068 116,578,848 Diluted net income (loss) per share attributable to nCino, Inc.$(0.03)$0.05 The following potential outstanding common stock were excluded from the diluted net income (loss) per share computation because the effect would have been anti-dilutive:Three Months Ended April 30,20242025Stock options issued and outstanding1,012,404 — Nonvested RSUs issued and outstanding7,054,446 2,408,572 Shares issuable pursuant to the ESPP106,134 — 

Note 14. Segment Information

The Company's chief operating decision maker ("CODM") is the Company's Chief Executive Officer, who reviews financial information on a consolidated basis. The Company brings together people and data to enable financial institutions to enhance strategic decision-making, risk management, and customer satisfaction through the selection of intelligent solutions provided by the nCino Platform as a SaaS company. As such, the Company has one operating and reportable segment. The CODM uses consolidated net income (loss) in deciding how to make operating decisions, allocate resources, and assess performance. 

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Table 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 April 30,20242025Revenues$128,087 $144,137 Less:Adjusted cost of revenues(1)43,639 49,120 Adjusted sales and marketing expense(1)21,607 25,676 Adjusted research and development expense(1)25,755 29,136 Adjusted general and administrative expense(1)12,641 15,375 Interest income(605)(417)Interest expense1,477 4,450 Other (income) expense, net(2)(100)(1,797)Other segment items(3)28,952 12,043 Income tax provision (benefit)(2,982)4,534 Net income (loss)$(2,297)$6,017 (1) Cost of revenue, sales and marketing expense, research and development expense, and general and