nCino Inc
For the period ended Jan 31, 2025. Filed Apr 1, 2025.
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FY2025 · Filed Apr 1, 2025
NCNO$22.94+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except share and per share data)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| Revenues | |||
| Subscription | $344,752 | $409,479 | $469,168 |
| Professional services and other | 63,563 | 67,064 | 71,489 |
| Total revenues | 408,315 | 476,543 | 540,657 |
| Cost of revenues | |||
| Subscription | 106,265 | 120,861 | 134,932 |
| Professional services and other | 63,341 | 70,609 | 80,937 |
| Total cost of revenues | 169,606 | 191,470 | 215,869 |
| Gross profit | 238,709 | 285,073 | 324,788 |
| Operating expenses | |||
| Sales and marketing | 127,669 | 130,547 | 123,231 |
| Research and development | 121,576 | 117,311 | 129,422 |
| General and administrative | 83,477 | 76,727 | 90,266 |
| Total operating expenses | 332,722 | 324,585 | 342,919 |
| Loss from operations | (94,013) | (39,512) | (18,131) |
| Non-operating income (expense) | |||
| Interest income | 403 | 2,567 | 1,761 |
| Interest expense | (2,807) | (4,135) | (8,763) |
| Other expense, net | (1,356) | (856) | (10,427) |
| Loss before income taxes | (97,773) | (41,936) | (35,560) |
| Income tax provision (benefit) | 4,071 | 1,590 | (2,511) |
| Net loss | (101,844) | (43,526) | (33,049) |
| Net loss attributable to redeemable non-controlling interest (Note 2) | (1,119) | (1,109) | (472) |
| Adjustment attributable to redeemable non-controlling interest (Note 2) | 1,995 | (71) | 5,301 |
| Net loss attributable to nCino, Inc. | $(102,720) | $(42,346) | $(37,878) |
| Net loss per share attributable to nCino, Inc.: | |||
| Basic and diluted | $(0.93) | $(0.38) | $(0.33) |
| Weighted average number of common shares outstanding: | |||
| Basic and diluted | 110,615,734 | 112,672,397 | 115,162,175 |
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