nCino, Inc.
For the period ended Jan 31, 2026. Filed Mar 31, 2026.
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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.
FY2026 · Filed Mar 31, 2026
NCNO$22.47-2.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2025 | 2026 | |
| Cash flows from operating activities | |||
| Net income (loss) attributable to nCino, Inc. | $(42,346) | $(37,878) | $5,180 |
| Net income (loss) and adjustment attributable to redeemable non-controlling interest | (1,180) | 4,829 | 4,523 |
| Net income (loss) | (43,526) | (33,049) | 9,703 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 45,264 | 36,345 | 42,255 |
| Non-cash operating lease costs | 4,534 | 4,960 | 3,994 |
| Amortization of costs capitalized to obtain revenue contracts | 9,934 | 12,003 | 15,051 |
| Amortization of debt issuance costs | 184 | 131 | 287 |
| Stock-based compensation | 58,035 | 71,592 | 73,884 |
| Change in fair value of contingent consideration | — | — | 1,600 |
| Deferred income taxes | (2,340) | (7,118) | (6,187) |
| Provision for bad debt | 1,081 | 85 | 1,716 |
| Net foreign currency (gains) losses | 670 | 8,675 | (16,273) |
| Gains on investments | (263) | — | (1,652) |
| Loss on disposal of long-lived assets | 150 | 35 | 463 |
| Change in operating assets and liabilities: | |||
| Accounts receivable | (14,325) | (31,389) | (16,175) |
| Costs capitalized to obtain revenue contracts | (10,348) | (21,453) | (25,073) |
| Prepaid expenses and other assets | 1,872 | (7,060) | 182 |
| Accounts payable | 525 | (190) | 1,108 |
| Accrued expenses and other current liabilities | (5,981) | 10,165 | (2,148) |
| Deferred revenue | 15,902 | 13,807 | 10,853 |
| Operating lease liabilities | (4,083) | (3,785) | (4,105) |
| Other long-term liabilities | — | 1,445 | 582 |
| Net cash provided by operating activities | 57,285 | 55,199 | 90,065 |
| Cash flows from investing activities | |||
| Acquisition of business, net of cash acquired | — | (216,911) | (50,263) |
| Acquisition of assets | (356) | (450) | — |
| Purchases of property and equipment | (3,515) | (1,816) | (7,501) |
| Proceeds from sale of property and equipment | 43 | — | — |
| Purchase of investments | (2,500) | — | — |
| Sale of investment | — | — | 3,684 |
| Net cash used in investing activities | (6,328) | (219,177) | (54,080) |
| Cash flows from financing activities | |||
| Investment from redeemable non-controlling interest | 983 | — | — |
| Repurchases of common stock | — | — | (125,097) |
| Proceeds from borrowings on revolving credit facility | — | 241,000 | 112,500 |
| Payments on revolving credit facility | (30,000) | (75,000) | (65,000) |
| Payments of debt issuance costs | — | (1,484) | — |
| Exercise of stock options | 4,469 | 2,796 | 1,981 |
| Stock issuance under the employee stock purchase plan | 4,661 | 4,468 | 4,218 |
| Principal payments on financing obligations | (1,226) | (1,302) | (1,634) |
| Net cash provided by (used in) financing activities | (21,113) | 170,478 | (73,032) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | 182 | (2,677) | 4,465 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Fiscal Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2025 | 2026 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 30,026 | 3,823 | (32,582) |
| Cash, cash equivalents, and restricted cash, beginning of period | 87,418 | 117,444 | 121,267 |
| Cash, cash equivalents, and restricted cash, end of period | $117,444 | $121,267 | $88,685 |
| Reconciliation of cash, cash equivalents, and restricted cash, end of period: | |||
| Cash and cash equivalents | $112,085 | $120,928 | $88,374 |
| Restricted cash included in prepaid expenses and other current assets | — | — | 142 |
| Restricted cash included in long-term prepaid expenses and other assets | 5,359 | 339 | 169 |
| Total cash, cash equivalents, and restricted cash, end of period | $117,444 | $121,267 | $88,685 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $4,315 | $8,745 | $15,977 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Fair value of contingent consideration in connection with business acquisition in accrued expenses and other current liabilities | $— | $— | $8,100 |
| Measurement period adjustment relating to business acquisitions | $— | $— | $10,018 |
| Noncash consideration in connection with business acquisition for settlement of a preexisting contract | $— | $— | $1,354 |
| Accrued purchase price related to acquisitions | $— | $13,155 | $— |
| Excise tax on repurchases of common stock | $— | $— | $503 |
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