Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 75

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 The available borrowing capacity under the 2024 Credit Facility was $46.5 million as of July 31, 2025.

Note 11. Commitments and Contingencies

In addition to the operating lease commitments described in Note 9 "Leases", the Company has additional contractual commitments as described further below.Purchase CommitmentsThe Company’s purchase commitments consist of non-cancellable agreements to purchase goods and services, primarily licenses and hosting services, entered into in the ordinary course of business.Financing ObligationsThe Company's financing obligations consist of leases for the Company's headquarters and parking deck in which the Company is deemed the owner of for accounting purposes. The leases will be analyzed for applicable lease accounting upon expiration of the purchase option, if not exercised.

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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)

Purchase commitments and future minimum lease payments required under financing obligations as of July 31, 2025 is as follows:Fiscal Year Ending January 31,Purchase commitmentsFinancing obligations - leased facility2026 (remaining)$42,813 $2,330 202782,713 3,958 202875,867 — 2029729 — 2030— — Thereafter— — Total$202,122 $6,288 Residual financing obligations and assets49,617 Less: amount representing interest(3,877)Financing obligations$52,028 A portion of the associated lease payments are recognized as interest expense and the remainder reduces the financing obligations. The weighted-average discount rate for the Company's financing obligations as of July 31, 2025 was 5.7%.IndemnificationIn the ordinary course of business, the Company generally includes standard indemnification provisions in its arrangements with third parties, including vendors, customers, and the Company’s directors and officers. Pursuant to these provisions, the Company may be obligated to indemnify such parties for losses or claims suffered or incurred. It is not possible to determine the maximum potential loss under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. The Company has not accrued any material liabilities related to such obligations in the accompanying unaudited condensed consolidated financial statements.Legal ProceedingsFrom time to time, the Company is involved in legal proceedings or is subject to