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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Cash flows from operating activities    
Net loss attributable to nCino, Inc. $ (19,268) $ (43,506)
Net loss and adjustment attributable to redeemable non-controlling interest 1,796 (1,394)
Net loss (17,472) (44,900)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 26,132 37,337
Non-cash operating lease costs 3,844 3,581
Amortization of costs capitalized to obtain revenue contracts 8,724 7,368
Amortization of debt issuance costs 60 138
Stock-based compensation 53,015 41,969
Deferred income taxes (2,496) 881
Provision for bad debt 25 1,124
Net foreign currency losses (gains) (658) 2,275
Loss on disposal of long-lived assets 35 161
Change in operating assets and liabilities:    
Accounts receivable 50,184 35,455
Costs capitalized to obtain revenue contracts (13,199) (5,959)
Prepaid expenses and other assets 656 3,374
Accounts payable 1,056 1,184
Accrued expenses and other liabilities (148) (7,999)
Deferred revenue (41,604) (23,789)
Operating lease liabilities (2,936) (3,063)
Net cash provided by operating activities 65,218 49,137
Cash flows from investing activities    
Acquisition of business, net of cash acquired (90,839) 0
Acquisition of assets (450) (356)
Purchases of property and equipment (1,466) (3,083)
Purchase of investment 0 (2,500)
Net cash used in investing activities (92,755) (5,939)
Cash flows from financing activities    
Investment by redeemable non-controlling interest 0 983
Proceeds from borrowings on revolving credit facility 241,000 0
Payments on revolving credit facility (75,000) (30,000)
Payments of debt issuance costs (1,382) 0
Exercise of stock options 2,223 3,176
Stock issuance under the employee stock purchase plan 2,514 2,698
Principal payments on financing obligations (916) (888)
Net cash provided by (used in) financing activities 168,439 (24,031)
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash (93) (762)
Net increase in cash, cash equivalents, and restricted cash 140,809 18,405
Cash, cash equivalents, and restricted cash, beginning of period 117,444 87,418
Cash, cash equivalents, and restricted cash, end of period 258,253 105,823
Reconciliation of cash, cash equivalents, and restricted cash, end of period:    
Cash and cash equivalents 257,894 100,475
Restricted cash included in prepaid expenses and other current assets 0 5,000
Restricted cash included in long-term prepaid expenses and other assets 359 348
Total cash, cash equivalents, and restricted cash, end of period 258,253 105,823
Supplemental disclosure of cash flow information    
Cash paid for taxes, net of refunds 2,770 2,244
Cash paid for interest 4,846 3,458
Supplemental disclosure of noncash investing and financing activities    
Purchase of property and equipment, accrued but not paid 51 200
Deferred costs, accrued but not paid $ 120 $ 0