v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Revenues        
Total revenues $ 132,403 $ 117,236 $ 260,490 $ 230,908
Cost of revenues        
Total cost of revenues 53,931 48,047 105,111 94,235
Gross profit 78,472 69,189 155,379 136,673
Operating expenses        
Sales and marketing 31,713 32,164 59,758 62,105
Research and development 34,271 29,889 64,252 58,084
General and administrative 20,394 21,930 42,938 39,905
Total operating expenses 86,378 83,983 166,948 160,094
Loss from operations (7,906) (14,794) (11,569) (23,421)
Non-operating income (expense)        
Interest income 321 835 926 1,372
Interest expense (1,835) (1,044) (3,312) (2,423)
Other income (expense), net 150 469 (594) (313)
Loss before income taxes (9,270) (14,534) (14,549) (24,785)
Income tax provision (benefit) 1,753 1,545 (1,229) 2,938
Net loss (11,023) (16,079) (13,320) (27,723)
Net loss attributable to redeemable non-controlling interest (58) (268) (223) (548)
Adjustment attributable to redeemable non-controlling interest 75 73 919 (48)
Net loss attributable to nCino, Inc. $ (11,040) $ (15,884) $ (14,016) $ (27,127)
Net loss per share attributable to nCino, Inc.:        
Basic (in USD per share) $ (0.10) $ (0.14) $ (0.12) $ (0.24)
Diluted (in USD per share) $ (0.10) $ (0.14) $ (0.12) $ (0.24)
Weighted average number of common shares outstanding:        
Basic (in shares) 115,180,130 112,396,716 114,694,001 112,262,527
Diluted (in shares) 115,180,130 112,396,716 114,694,001 112,262,527
Subscription        
Revenues        
Total revenues $ 113,911 $ 99,897 $ 224,317 $ 197,237
Cost of revenues        
Total cost of revenues 33,367 29,719 65,147 58,876
Professional services and other        
Revenues        
Total revenues 18,492 17,339 36,173 33,671
Cost of revenues        
Total cost of revenues $ 20,564 $ 18,328 $ 39,964 $ 35,359