Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 20

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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512,783 569,995 Commitments and contingencies (Note 11)Redeemable non-controlling interest (Note 2)8,286 8,729 Stockholders’ equityPreferred stock, $0.001 par value; 10,000,000 shares authorized, and none issued and outstanding at January 31, 2025 and April 30, 2025— — Common stock, $0.0005 par value; 500,000,000 shares authorized at January 31, 2025 and April 30, 2025; 115,996,852 and 117,069,731 shares issued; 115,996,852 and 115,240,618 outstanding at January 31, 2025 and April 30, 2025, respectively58 59 Treasury stock, at cost; 0 and 1,829,113 shares at January 31, 2025 and April 30, 2025, respectively— (40,588)Additional paid-in capital1,474,413 1,490,590 Accumulated other comprehensive income176 1,551 Accumulated deficit(385,335)(379,394)Total stockholders’ equity1,089,312 1,072,218 Total liabilities, redeemable non-controlling interest, and stockholders’ equity$1,610,381 $1,650,942 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

nCino, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)

Three Months Ended April 30,20242025RevenuesSubscription$110,406 $125,588 Professional services and other17,681 18,549 Total revenues128,087 144,137 Cost of revenuesSubscription31,780 36,125 Professional services and other19,400 21,570 Total cost of revenues51,180 57,695 Gross profit76,907 86,442 Operating expensesSales and marketing28,045 32,971 Research and development29,981 33,341 General and administrative22,544 21,643 Total operating expenses80,570 87,955 Loss from operations(3,663)(1,513)Non-oper