v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Cash flows from operating activities    
Net income (loss) attributable to nCino, Inc. $ 5,562 $ (2,976)
Net income (loss) and adjustment attributable to redeemable non-controlling interest 455 679
Net income (loss) 6,017 (2,297)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 10,705 8,290
Non-cash operating lease costs 1,161 1,615
Amortization of costs capitalized to obtain revenue contracts 3,591 2,741
Amortization of debt issuance costs 72 10
Stock-based compensation 15,814 16,205
Change in fair value of contingent consideration 200 0
Deferred income taxes 2,656 (3,441)
Provision for (recovery of) bad debt 202 (131)
Net foreign currency losses (gains) (13,669) 756
Gains on investments (1,652) 0
Loss on disposal of long-lived assets 73 0
Change in operating assets and liabilities:    
Accounts receivable 45,717 37,464
Costs capitalized to obtain revenue contracts (3,158) (5,105)
Prepaid expenses and other assets (1,542) (2,092)
Accounts payable 480 3,812
Accrued expenses and other liabilities (15,796) (8,192)
Deferred revenue 5,245 6,175
Operating lease liabilities (1,335) (1,368)
Other long term liabilities (461) 0
Net cash provided by operating activities 54,320 54,442
Cash flows from investing activities    
Acquisition of business, net of cash acquired (50,263) (90,737)
Acquisition of assets 0 (150)
Purchases of property and equipment (1,718) (342)
Sale of investment 3,684 0
Net cash used in investing activities (48,297) (91,229)
Cash flows from financing activities    
Repurchases of common stock (40,588) 0
Proceeds from borrowings on revolving credit facility 102,500 75,000
Payments on revolving credit facility (60,000) (20,000)
Payments of debt issuance costs 0 (262)
Exercise of stock options 748 1,601
Principal payments on financing obligations (410) (359)
Net cash provided by financing activities 2,250 55,980
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 4,040 (1,799)
Net increase in cash, cash equivalents, and restricted cash 12,313 17,394
Cash, cash equivalents, and restricted cash, beginning of period 121,267 117,444
Cash, cash equivalents, and restricted cash, end of period 133,580 134,838
Reconciliation of cash, cash equivalents, and restricted cash, end of period:    
Cash and cash equivalents 133,230 129,481
Restricted cash included in long-term prepaid expenses and other assets 350 5,357
Total cash, cash equivalents, and restricted cash, end of period 133,580 134,838
Supplemental disclosure of cash flow information    
Cash paid for taxes, net of refunds 750 862
Cash paid for interest 4,145 823
Supplemental disclosure of noncash investing and financing activities    
Fair value of contingent consideration in connection with business acquisition in accrued expenses and other current liabilities 8,100 0
Purchase of property and equipment, accrued but not paid 2,425 0
Measurement period adjustments relating to business acquisitions 1,353 0
Noncash consideration in connection with business acquisition for settlement of a preexisting contract $ 1,354 $ 0