nCino Inc
For the period ended Jan 31, 2025. Filed Apr 1, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 1, 2025
NCNO$22.47-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| Cash flows from operating activities | |||
| Net loss attributable to nCino, Inc. | $(102,720) | $(42,346) | $(37,878) |
| Net loss and adjustment attributable to redeemable non-controlling interest | 876 | (1,180) | 4,829 |
| Net loss | (101,844) | (43,526) | (33,049) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 34,652 | 45,264 | 36,345 |
| Non-cash operating lease costs | 3,840 | 4,534 | 4,960 |
| Amortization of costs capitalized to obtain revenue contracts | 8,459 | 9,934 | 12,003 |
| Amortization of debt issuance costs | 177 | 184 | 131 |
| Stock-based compensation | 50,232 | 58,035 | 71,592 |
| Deferred income taxes | 1,627 | (2,340) | (7,118) |
| Provision for bad debt | 806 | 1,081 | 85 |
| Net foreign currency losses | 1,548 | 670 | 8,675 |
| Unrealized gain on investment | — | (263) | — |
| Loss on disposal of long-lived assets | — | 150 | 35 |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (26,795) | (14,325) | (31,389) |
| Costs capitalized to obtain revenue contracts | (12,235) | (10,348) | (21,453) |
| Prepaid expenses and other assets | (3,433) | 1,872 | (7,060) |
| Accounts payable | 35 | 525 | (190) |
| Accrued expenses and other current liabilities | (1,210) | (5,981) | 10,165 |
| Deferred revenue | 33,527 | 15,902 | 13,807 |
| Operating lease liabilities | (4,767) | (4,083) | (3,785) |
| Other long-term liabilities | — | — | 1,445 |
| Net cash provided by (used in) operating activities | (15,381) | 57,285 | 55,199 |
| Cash flows from investing activities | |||
| Acquisition of business, net of cash acquired | 676 | — | (216,911) |
| Acquisition of assets | (563) | (356) | (450) |
| Purchases of property and equipment | (18,338) | (3,515) | (1,816) |
| Proceeds from sale of property and equipment | — | 43 | — |
| Purchase of investments (related party $2,500, $0, and $0, respectively) | (2,500) | (2,500) | — |
| Net cash used in investing activities | (20,725) | (6,328) | (219,177) |
| Cash flows from financing activities | |||
| Investment from redeemable non-controlling interest | — | 983 | — |
| Proceeds from borrowings on revolving credit facility | 50,000 | — | 241,000 |
| Payments on revolving credit facility | (20,000) | (30,000) | (75,000) |
| Payments of debt issuance costs | (367) | — | (1,484) |
| Exercise of stock options | 3,750 | 4,469 | 2,796 |
| Stock issuance under the employee stock purchase plan | 4,450 | 4,661 | 4,468 |
| Principal payments on financing obligations | (1,121) | (1,226) | (1,302) |
| Net cash provided by (used in) financing activities | 36,712 | (21,113) | 170,478 |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | (1,587) | 182 | (2,677) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (981) | 30,026 | 3,823 |
| Cash, cash equivalents, and restricted cash, beginning of period | 88,399 | 87,418 | 117,444 |
| Cash, cash equivalents, and restricted cash, end of period | $87,418 | $117,444 | $121,267 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2023 | 2024 | 2025 | |
| Reconciliation of cash, cash equivalents, and restricted cash, end of period: | |||
| Cash and cash equivalents | $82,036 | $112,085 | $120,928 |
| Restricted cash included in long-term prepaid expenses and other assets | 5,382 | 5,359 | 339 |
| Total cash, cash equivalents, and restricted cash, end of period | $87,418 | $117,444 | $121,267 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for taxes, net of refunds | $664 | $3,165 | $3,565 |
| Cash paid for interest | $2,617 | $4,315 | $8,745 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Building-leased facility acquired through financing obligation | $22,402 | $— | $— |
| Accrued purchase price related to acquisitions | $356 | $— | $13,155 |
| Measurement period adjustment relating to business acquisition | $1,285 | $— | $— |
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