Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 50

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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/a ZEST AI) ("Zest AI"), a private company, and is included in investments on the Company's unaudited condensed consolidated balance sheets for $2.5 million and $0.0 million as of January 31, 2025 and April 30, 2025, respectively. The investment was considered a related party transaction as entities affiliated with Insight Partners, a beneficial owner of the Company, owned greater than ten percent of Zest AI.During the first quarter of fiscal year 2026, we sold all our shares in Zest AI and recorded a realized gain of $1.2 million. At the time of this transaction, Zest AI was no longer considered a related party.

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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)

Note 13. Basic and Diluted Net Income (Loss) per Share

Basic net income (loss) per share is computed by dividing net income (loss) attributable to nCino, Inc. by the weighted-average number of common shares outstanding for the fiscal period, net of treasury stock. Diluted net income (loss) per share is computed by giving effect to all potential weighted average dilutive common stock, including stock options issued and outstanding, nonvested RSUs issued and outstanding, and shares issuable pursuant to the ESPP. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.The components of basic and diluted net income (loss) per share for periods presented are as follows (in thousands, except share and per share data):Three Months Ended April 30,20242025Basic net income (loss) per share:NumeratorNet income (loss) attributable to nCino, Inc.$(2,976)$5,562 DenominatorWeighted-average common shares outstanding, basic114,197,068 114,781,654 Basic net income (loss) per share attributable to nCino, Inc.$(0.03)$0.05 Three Months Ended April 30,20242025Diluted net income (loss) per share:NumeratorNet income (loss) attributable to nCino, Inc.$(2,976)$5,562 DenominatorWeighted-average common shares outstanding, basic114,197,068 114,781,654 Effect of diluted stock options, unvested RS