Basic net income (loss) per share is computed by dividing net income (loss) attributable to nCino, Inc. by the weighted-average number of common shares outstanding for the fiscal period, net of treasury stock. Diluted net income (loss) per share is computed by giving effect to all potential weighted average dilutive common stock, including stock options issued and outstanding, nonvested RSUs issued and outstanding, and shares issuable pursuant to the ESPP. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.


	Three Months Ended April 30,
	2024		2025
Basic net income (loss) per share:
Numerator
Net income (loss) attributable to nCino, Inc.	$	(2,976)	$	5,562
Denominator
Weighted-average common shares outstanding, basic	114,197,068		114,781,654
Basic net income (loss) per share attributable to nCino, Inc.	$	(0.03)	$	0.05


	Three Months Ended April 30,
	2024		2025
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to nCino, Inc.	$	(2,976)	$	5,562
Denominator
Weighted-average common shares outstanding, basic	114,197,068		114,781,654
Effect of diluted stock options, unvested RSUs, and shares of common stock issuable under the ESPP	—		1,797,194
Weighted-average commons shares outstanding, diluted	114,197,068		116,578,848
Diluted net income (loss) per share attributable to nCino, Inc.	$	(0.03)	$	0.05

The following potential outstanding common stock were excluded from the diluted net income (loss) per share computation because the effect would have been anti-dilutive:


	Three Months Ended April 30,
	2024	2025
Stock options issued and outstanding	1,012,404	—
Nonvested RSUs issued and outstanding	7,054,446	2,408,572
Shares issuable pursuant to the ESPP	106,134	—