nCino Inc
For the period ended Jan 31, 2024. Filed Mar 26, 2024.
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FY2024 · Filed Mar 26, 2024
NCNO$22.94+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share data)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2022 | 2023 | 2024 | |
| Revenues | |||
| Subscription | $224,854 | $344,752 | $409,479 |
| Professional services and other | 49,011 | 63,563 | 67,064 |
| Total revenues | 273,865 | 408,315 | 476,543 |
| Cost of revenues | |||
| Subscription (related party $41,404, $0, and $0, respectively)1 | 64,508 | 106,265 | 120,861 |
| Professional services and other | 46,905 | 63,341 | 70,609 |
| Total cost of revenues | 111,413 | 169,606 | 191,470 |
| Gross profit | 162,452 | 238,709 | 285,073 |
| Operating expenses | |||
| Sales and marketing | 82,901 | 127,669 | 130,547 |
| Research and development | 79,363 | 121,576 | 117,311 |
| General and administrative | 71,545 | 83,477 | 76,727 |
| Total operating expenses | 233,809 | 332,722 | 324,585 |
| Loss from operations | (71,357) | (94,013) | (39,512) |
| Non-operating income (expense) | |||
| Interest income | 194 | 403 | 2,567 |
| Interest expense | (1,514) | (2,807) | (4,135) |
| Other expense, net | (1,277) | (1,356) | (856) |
| Loss before income taxes | (73,954) | (97,773) | (41,936) |
| Income tax provision (benefit) | (23,833) | 4,071 | 1,590 |
| Net loss | (50,121) | (101,844) | (43,526) |
| Net loss attributable to redeemable non-controlling interest (Note 3) | (1,569) | (1,119) | (1,109) |
| Adjustment attributable to redeemable non-controlling interest (Note 3) | 894 | 1,995 | (71) |
| Net loss attributable to nCino, Inc. | $(49,446) | $(102,720) | $(42,346) |
| Net loss per share attributable to nCino, Inc.: | |||
| Basic and diluted | $(0.51) | $(0.93) | $(0.38) |
| Weighted average number of common shares outstanding: | |||
| Basic and diluted | 96,722,464 | 110,615,734 | 112,672,397 |
1 See Note 9 "Reseller Agreement" and Note 17 "Related-Party Transactions."
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