Company: NCNO
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001902733-25-000026
Chunk: 4

Company: nCino, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 4
---
 of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ Ernst & Young LLP 

Raleigh, North Carolina

April 1, 2025

56

Table of ContentsnCino, Inc.CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data)

January 31, 2024January 31, 2025AssetsCurrent assetsCash and cash equivalents (VIE: $2,277 and $2,254 at January 31, 2024 and January 31, 2025, respectively)$112,085 $120,928 Accounts receivable, less allowances of $1,451 and $1,229 at January 31, 2024 and January 31, 2025, respectively112,975 146,787 Costs capitalized to obtain revenue contracts, current portion, net10,544 13,462 Prepaid expenses and other current assets15,171 21,072 Total current assets250,775 302,249 Property and equipment, net79,145 74,953 Operating lease right-of-use assets, net19,261 16,026 Costs capitalized to obtain revenue contracts, noncurrent, net17,425 23,735 Goodwill838,869 1,019,375 Intangible assets, net115,572 154,571 Investments (related party $2,500 at January 31, 2024 and January 31, 2025)9,294 9,294 Long-term prepaid expenses and other assets10,089 10,178 Total assets$1,340,430 $1,610,381 Liabilities, redeemable non-controlling interest, and stockholders’ equityCurrent liabilitiesAccounts payable$11,842 $13,640 Accrued compensation and benefits16,283 23,626 Accrued expenses and other current liabilities10,847 16,239 Deferred revenue170,941 191,174 Financing obligations, current portion1,474 1,680 Operating lease liabilities, current portion3,649 5,153 Total current liabilities215,036 251,512 Operating lease liabilities, noncurrent16,423 12,819 Deferred income taxes, noncurrent3,687 13,851 Deferred revenue