v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Revenues        
Total revenues $ 138,797 $ 121,942 $ 399,287 $ 352,850
Cost of revenues        
Total cost of revenues 53,745 48,025 158,856 142,260
Gross profit 85,052 73,917 240,431 210,590
Operating expenses        
Sales and marketing 29,729 38,446 89,487 100,551
Research and development 33,039 29,043 97,291 87,127
General and administrative 23,108 19,334 66,046 59,239
Total operating expenses 85,876 86,823 252,824 246,917
Loss from operations (824) (12,906) (12,393) (36,327)
Non-operating income (expense)        
Interest income 482 685 1,408 2,057
Interest expense (1,653) (854) (4,965) (3,277)
Other income (expense), net 432 (2,320) (162) (2,633)
Loss before income taxes (1,563) (15,395) (16,112) (40,180)
Income tax provision 2,589 1,782 1,360 4,720
Net loss (4,152) (17,177) (17,472) (44,900)
Net loss attributable to redeemable non-controlling interest (Note 3) (186) (320) (409) (868)
Adjustment attributable to redeemable non-controlling interest (Note 3) 1,286 (478) 2,205 (526)
Net loss attributable to nCino, Inc. $ (5,252) $ (16,379) $ (19,268) $ (43,506)
Net loss per share attributable to nCino, Inc.:        
Basic (in USD per share) $ (0.05) $ (0.15) $ (0.17) $ (0.39)
Diluted (in USD per share) $ (0.05) $ (0.15) $ (0.17) $ (0.39)
Weighted average number of common shares outstanding:        
Basic (in shares) 115,611,833 112,951,553 114,970,622 112,484,017
Diluted (in shares) 115,611,833 112,951,553 114,970,622 112,484,017
Subscription        
Revenues        
Total revenues $ 119,894 $ 104,759 $ 344,211 $ 301,996
Cost of revenues        
Total cost of revenues 33,769 30,605 98,916 89,481
Professional services and other        
Revenues        
Total revenues 18,903 17,183 55,076 50,854
Cost of revenues        
Total cost of revenues $ 19,976 $ 17,420 $ 59,940 $ 52,779