Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 150

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 150
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 be different than the region of the customer. For the three and nine months ended October 31, 2024 and 2025, only the United Kingdom, in addition to the United States, represented 10% or more of total revenues for the periods presented.

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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)

Long-lived assets, which consist of property and equipment, net and operating lease right-of-use assets, net by geographic region were as follows:As of January 31, 2025As of October 31,2025United States$79,115 $71,187 United Kingdom9,760 16,228 Other2,104 1,846 $90,979 $89,261 

Note 15. Restructuring

In the second quarter of fiscal 2026, 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 operational efficiencies. The Company substantially completed the Restructuring Plan during the second quarter of fiscal 2026. An additional $0.1 million was recorded in the third quarter, and the Company expects to finalize the process in fiscal 2026, subject to local law and consultation requirements.Our restructuring costs consist primarily of severance and termination benefits, exit costs and asset write-offs. Severance costs generally include severance payments, out placement services, health insurance coverage and employer tax liabilities. Exit costs primarily consist of lease exit and contract termination costs. Lease termination costs include $1.7 million in lease termination payments, offset by a $0.6 million gain to derecognize the operating lease right-of-use assets and operating lease liabilities.The Company’s restructuring charges for the nine months ended October 31, 2025 were as follows:Severance CostsExit CostsAsset Write-offsTotalCost of subscription revenues$426 $53 $17 $496 Cost of professional services and other revenues537 139 46 722 Sales and marketing1,288 128 42 1,458 Research and development3,732 221 73 4,026 General and administrative1,080 1,192 1,155 3,427 Total restructuring charges$7,063 $1,733 $1