v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash flows from operating activities    
Net loss attributable to nCino, Inc. $ (14,016) $ (27,127)
Net loss and adjustment attributable to redeemable non-controlling interest 696 (596)
Net loss (13,320) (27,723)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 17,219 18,297
Non-cash operating lease costs 2,715 2,421
Amortization of costs capitalized to obtain revenue contracts 5,645 4,869
Amortization of debt issuance costs 31 92
Stock-based compensation 35,044 26,146
Deferred income taxes (2,656) 790
Provision for bad debt 25 756
Net foreign currency losses (gains) 392 (38)
Loss on disposal of long-lived assets 30 144
Change in operating assets and liabilities:    
Accounts receivable 37,778 18,446
Costs capitalized to obtain revenue contracts (8,382) (3,002)
Prepaid expenses and other assets (2,430) 1,051
Accounts payable 768 (1,406)
Accrued expenses and other liabilities (8,645) (9,313)
Deferred revenue (2,572) 13,772
Operating lease liabilities (2,201) (2,035)
Net cash provided by operating activities 59,441 43,267
Cash flows from investing activities    
Acquisition of business, net of cash acquired (90,839) 0
Acquisition of assets (300) (356)
Purchases of property and equipment (786) (2,464)
Net cash used in investing activities (91,925) (2,820)
Cash flows from financing activities    
Proceeds from borrowings on revolving credit facility 75,000 0
Payments on revolving credit facility (35,000) (30,000)
Payments of debt issuance costs (370) 0
Exercise of stock options 1,737 2,204
Stock issuance under the employee stock purchase plan 2,514 2,698
Principal payments on financing obligations (722) (564)
Net cash provided by (used in) financing activities 43,159 (25,662)
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash (1,354) 1,166
Net increase in cash, cash equivalents, and restricted cash 9,321 15,951
Cash, cash equivalents, and restricted cash, beginning of period 117,444 87,418
Cash, cash equivalents, and restricted cash, end of period 126,765 103,369
Reconciliation of cash, cash equivalents, and restricted cash, end of period:    
Cash and cash equivalents 121,410 98,003
Restricted cash included in prepaid expenses and other current assets 0 5,162
Restricted cash included in long-term prepaid expenses and other assets 5,355 204
Total cash, cash equivalents, and restricted cash, end of period 126,765 103,369
Supplemental disclosure of cash flow information    
Cash paid for taxes, net of refunds 2,035 1,906
Cash paid for interest 2,843 2,580
Supplemental disclosure of noncash investing and financing activities    
Purchase of property and equipment, accrued but not paid 239 29
Deferred costs, accrued but not paid 46 0
Receivables from exercise of stock options 0 4
Accrued purchase price related to acquisitions $ 150 $ 0