Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 127

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 them for each reporting period. The following table summarizes the Company’s financial assets measured at fair value as of January 31, 2025 and October 31, 2025 and indicates the fair value 

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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)

hierarchy of the valuation:Fair value measurements on a recurring basis as of January 31, 2025Level 1Level 2Level 3Assets:Money market accounts (included in cash and cash equivalents)$38,841 $— $— Time deposits (included in long-term prepaid expenses and other assets)339 — — Total assets$39,180 $— $— Fair value measurements on a recurring basis as of October 31, 2025Level 1Level 2Level 3Assets:Money market accounts (included in cash and cash equivalents)$20,688 $— $— Time deposits (included in prepaid expenses and other current assets)134 — — Time deposits (included in long-term prepaid expenses and other assets)158 — — Total assets$20,980 $— $— Liabilities:Contingent consideration (included in accrued expenses and other current liabilities)$— $— $8,500 Total liabilities$— $— $8,500 All of the Company’s money market accounts are classified within Level 1 because the Company’s money market accounts are valued using quoted market prices in active exchange markets including identical assets.The following table summarizes the change in fair value of the contingent consideration with significant unobservable inputs:Balance, January 31, 2025$— Contingent consideration in connection with business acquisition8,100 Changes in fair value 400 Balance, October 31, 2025$8,500 The contingent consideration consists of the potential earn-out payment related to the Company’s acquisition of Alphapack, Co. dba Sandbox Banking (“Sandbox Banking”) on February 7, 2025 and has a maximum potential payment of $10.0 million. The fair value of the contingent consideration was determined using a probability weighted discounted cash flow model. Changes in the fair value of the contingent consideration can result from changes in assumed discount periods