Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 86

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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29,729 33,107 89,487 103,343 Research and development33,039 29,541 97,291 97,549 General and administrative23,108 19,322 66,046 66,454 Total operating expenses85,876 81,970 252,824 267,346 Income (loss) from operations(824)11,716 (12,393)907 Non-operating income (expense):Interest income482 339 1,408 1,269 Interest expense(1,653)(4,335)(4,965)(13,229)Other income (expense), net432 200 (162)17,014 Income (loss) before income taxes(1,563)7,920 (16,112)5,961 Income tax provision (benefit)2,589 (695)1,360 5,048 Net income (loss)(4,152)8,615 (17,472)913 Net loss attributable to redeemable non-controlling interest(186)(33)(409)(31)Adjustment attributable to redeemable non-controlling interest1,286 2,109 2,205 4,100 Net income (loss) attributable to nCino, Inc.$(5,252)$6,539 $(19,268)$(3,156)

(1) Includes the operating results of DocFox, ILT, FullCircl and Sandbox Banking from the DocFox Acquisition Date, the ILT Acquisition Date, FullCircl Acquisition Date and the Sandbox Acquisition Date, respectively, see Note 6 “Business Combinations” of the notes to our unaudited condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.

36

The Company recognized stock-based compensation expense as follows:

Three Months Ended October 31,Nine Months Ended October 31,($ in thousands)2024202520242025Cost of subscription revenues$733 $804 $2,088 $2,298 Cost of professional services and other revenues2,940 3,230 8,699 9,299 Sales and marketing4,394 4,008 12,534 10,682 Research and development4,208 4,096 13,720 11,896 General and administrative5,696 6,113