nCino (NCNO) 10-Q 29 May 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Apr. 30, 2024	May 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2024
Document Transition Report	false
Entity File Number	001-41211
Entity Registrant Name	nCino, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-4154342
Entity Address, Address Line One	6770 Parker Farm Drive
Entity Address, City or Town	Wilmington
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28405
City Area Code	888
Local Phone Number	676-2466
Title of 12(b) Security	Common stock, par value $0.0005 per share
Trading Symbol	NCNO
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		115,084,198
Entity Central Index Key	0001902733
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Current assets
Cash and cash equivalents (VIE: $2,277 and $1,983 at January 31, 2024 and April 30, 2024, respectively)	$ 129,481	$ 112,085
Accounts receivable, less allowances of $1,451 and $1,100 at January 31, 2024 and April 30, 2024, respectively	78,508	112,975
Costs capitalized to obtain revenue contracts, current portion, net	11,356	10,544
Prepaid expenses and other current assets	17,239	15,171
Total current assets	236,584	250,775
Property and equipment, net	77,701	79,145
Operating lease right-of-use assets, net	16,702	19,261
Costs capitalized to obtain revenue contracts, noncurrent, net	18,909	17,425
Goodwill	907,513	838,869
Intangible assets, net	142,705	115,572
Investments	9,294	9,294
Long-term prepaid expenses and other assets	14,484	10,089
Total assets	1,423,892	1,340,430
Current liabilities
Accounts payable	16,118	11,842
Accrued compensation and benefits	11,064	16,283
Accrued expenses and other current liabilities	8,816	10,847
Deferred revenue, current portion	179,835	170,941
Financing obligations, current portion	1,520	1,474
Operating lease liabilities, current portion	4,338	3,649
Total current liabilities	221,691	215,036
Operating lease liabilities, noncurrent	13,423	16,423
Deferred income taxes, noncurrent	10,288	3,687
Deferred revenue, noncurrent	656	0
Revolving credit facility, noncurrent	55,000	0
Financing obligations, noncurrent	52,275	52,680
Other long-term liabilities	2,577	0
Total liabilities	355,910	287,826
Commitments and contingencies (Note 12)
Redeemable non-controlling interest (Note 3)	4,105	3,428
Stockholders’ equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized, and none issued and outstanding as of January 31, 2024 and April 30, 2024	0	0
Common stock, $0.0005 par value; 500,000,000 shares authorized as of January 31, 2024 and April 30, 2024; 113,684,299 and 114,339,887 shares issued and outstanding as of January 31, 2024 and April 30, 2024, respectively	57	57
Additional paid-in capital	1,417,838	1,400,881
Accumulated other comprehensive income	872	996
Accumulated deficit	(354,890)	(352,758)
Total stockholders’ equity	1,063,877	1,049,176
Total liabilities, redeemable non-controlling interest, and stockholders’ equity	$ 1,423,892	$ 1,340,430

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Cash and cash equivalents	$ 129,481	$ 112,085
Allowance for doubtful accounts	1,100	1,451
Investments	$ 9,294	$ 9,294
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.0005	$ 0.0005
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares, issued (in shares)	114,339,887	113,684,299
Common stock, shares outstanding (in shares)	114,339,887	113,684,299
Related Party
Investments	$ 2,500	$ 2,500
Variable Interest Entity, Primary Beneficiary
Cash and cash equivalents	$ 1,983	$ 2,277

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Revenues
Total revenues	$ 128,087	$ 113,672
Cost of revenues
Total cost of revenues	51,180	46,188
Gross profit	76,907	67,484
Operating expenses
Sales and marketing	28,045	29,941
Research and development	29,981	28,195
General and administrative	22,544	17,975
Total operating expenses	80,570	76,111
Loss from operations	(3,663)	(8,627)
Non-operating income (expense)
Interest income	605	537
Interest expense	(1,477)	(1,379)
Other expense, net	(744)	(782)
Loss before income taxes	(5,279)	(10,251)
Income tax provision (benefit)	(2,982)	1,393
Net loss	(2,297)	(11,644)
Net loss attributable to redeemable non-controlling interest	(165)	(280)
Adjustment attributable to redeemable non-controlling interest	844	(121)
Net loss attributable to nCino, Inc.	$ (2,976)	$ (11,243)
Net loss per share attributable to nCino, Inc.:
Basic (in USD per share)	$ (0.03)	$ (0.10)
Diluted (in USD per share)	$ (0.03)	$ (0.10)
Weighted average number of common shares outstanding:
Basic (in shares)	114,197,068	112,032,536
Diluted (in shares)	114,197,068	112,032,536
Subscription
Revenues
Total revenues	$ 110,406	$ 97,340
Cost of revenues
Total cost of revenues	31,780	29,157
Professional services and other
Revenues
Total revenues	17,681	16,332
Cost of revenues
Total cost of revenues	$ 19,400	$ 17,031

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,297)	$ (11,644)
Other comprehensive income (loss):
Foreign currency translation	(131)	114
Other comprehensive income (loss)	(131)	114
Comprehensive loss	(2,428)	(11,530)
Less comprehensive loss attributable to redeemable non-controlling interest:
Net loss attributable to redeemable non-controlling interest	(165)	(280)
Foreign currency translation attributable to redeemable non-controlling interest	(7)	(10)
Comprehensive loss attributable to redeemable non-controlling interest	(172)	(290)
Comprehensive loss attributable to nCino, Inc.	$ (2,256)	$ (11,240)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Other Comprehensive Income (Loss)	Accumulated Deficit
Balance, beginning of the period (in shares) at Jan. 31, 2023		111,424,132
Balance, beginning of the period at Jan. 31, 2023	$ 1,024,078	$ 56	$ 1,333,669	$ 694	$ (310,341)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		247,518
Exercise of stock options	1,601		1,601
Stock issuance upon vesting of restricted stock units (in shares)		528,831
Stock-based compensation	10,859		10,859
Other comprehensive income (loss)	124			124
Net loss attributable to nCino, Inc., including adjustment to redeemable non-controlling interest	(11,243)		121		(11,364)
Balance, ending of the period (in shares) at Apr. 30, 2023		112,200,481
Balance, ending of the period at Apr. 30, 2023	1,025,419	$ 56	1,346,250	818	(321,705)
Balance, beginning of the period (in shares) at Jan. 31, 2024		113,684,299
Balance, beginning of the period at Jan. 31, 2024	$ 1,049,176	$ 57	1,400,881	996	(352,758)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	199,300	199,300
Exercise of stock options	$ 1,601		1,601
Stock issuance upon vesting of restricted stock units (in shares)		456,288
Stock-based compensation	16,200		16,200
Other comprehensive income (loss)	(124)			(124)
Net loss attributable to nCino, Inc., including adjustment to redeemable non-controlling interest	(2,976)		(844)		(2,132)
Balance, ending of the period (in shares) at Apr. 30, 2024		114,339,887
Balance, ending of the period at Apr. 30, 2024	$ 1,063,877	$ 57	$ 1,417,838	$ 872	$ (354,890)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Cash flows from operating activities
Net loss attributable to nCino, Inc.	$ (2,976)	$ (11,243)
Net loss and adjustment attributable to redeemable non-controlling interest	679	(401)
Net loss	(2,297)	(11,644)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	8,290	9,131
Non-cash operating lease costs	1,615	1,189
Amortization of costs capitalized to obtain revenue contracts	2,741	2,439
Amortization of debt issuance costs	10	46
Stock-based compensation	16,205	10,865
Deferred income taxes	(3,441)	332
Provision for (recovery of) bad debt	(131)	298
Net foreign currency losses	756	363
Change in operating assets and liabilities:
Accounts receivable	37,464	18,278
Costs capitalized to obtain revenue contracts	(5,105)	(1,035)
Prepaid expenses and other assets	(2,092)	(1,238)
Accounts payable	3,812	(259)
Accrued expenses and other liabilities	(8,192)	(13,227)
Deferred revenue	6,175	16,755
Operating lease liabilities	(1,368)	(990)
Net cash provided by operating activities	54,442	31,303
Cash flows from investing activities
Acquisition of business, net of cash acquired	(90,737)	0
Acquisition of assets	(150)	(356)
Purchases of property and equipment	(342)	(1,605)
Net cash used in investing activities	(91,229)	(1,961)
Cash flows from financing activities
Proceeds from borrowings on revolving credit facility	75,000	0
Payments on revolving credit facility	(20,000)	(15,000)
Payments of debt issuance costs	(262)	0
Exercise of stock options	1,601	1,388
Principal payments on financing obligations	(359)	(244)
Net cash provided by (used in) financing activities	55,980	(13,856)
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	(1,799)	593
Net increase in cash, cash equivalents, and restricted cash	17,394	16,079
Cash, cash equivalents, and restricted cash, beginning of period	117,444	87,418
Cash, cash equivalents, and restricted cash, end of period	134,838	103,497
Reconciliation of cash, cash equivalents, and restricted cash, end of period:
Cash and cash equivalents	129,481	98,136
Restricted cash included in prepaid expenses and other current assets	0	5,160
Restricted cash included in long-term prepaid expenses and other assets	5,357	201
Total cash, cash equivalents, and restricted cash, end of period	134,838	103,497
Supplemental disclosure of cash flow information
Cash paid for taxes, net of refunds	862	1,084
Cash paid for interest	823	1,490
Supplemental disclosure of noncash investing and financing activities
Purchase of property and equipment, accrued but not paid	0	182
Deferred costs, accrued but not paid	140	0
Receivables from exercise of stock options	0	213
Accrued purchase price related to acquisitions	$ 300	$ 0

Organization and Description of

Organization and Description of Business	3 Months Ended
	Apr. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business The Company is a software-as-a-service ("SaaS") company that provides software applications to financial institutions to streamline employee and client interactions. The Company is headquartered in Wilmington, North Carolina and has various locations in the U.S., North America, Europe, Asia Pacific, and South Africa. On September 8, 2023, SimpleNexus began operating as SimpleNexus, LLC d/b/a nCino Mortgage, LLC ("nCino Mortgage"). The Company’s fiscal year ends on January 31.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation: The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") as set forth in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and applicable rules and regulations of the Securities Exchange Commission ("SEC") regarding interim financial reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2024 filed with the SEC on March 26, 2024. The unaudited condensed consolidated financial statements include accounts of the Company’s wholly-owned subsidiaries, as well as a variable interest entity in which the Company is the primary beneficiary. All intercompany accounts and transactions are eliminated. The Company is subject to the normal risks associated with technology companies that have not demonstrated sustainable income from operations, including product development, the risk of customer acceptance and market penetration of its products and services and, ultimately, the need to attain profitability to generate positive cash resources. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal 2025 or any future period. Variable Interest Entity: The Company holds an interest in a Japanese company (“nCino K.K.”) that is considered a variable interest entity ("VIE"). nCino K.K. is considered a VIE as it has insufficient equity capital to finance its activities without additional financial support. The Company is the primary beneficiary of nCino K.K. as it has the power over the activities that most significantly impact the economic performance of nCino K.K. and has the obligation to absorb expected losses and the right to receive expected benefits that could be significant to nCino K.K., in accordance with accounting guidance. As a result, the Company consolidated nCino K.K. and all significant intercompany accounts have been eliminated. The Company will continue to assess whether it has a controlling financial interest and whether it is the primary beneficiary at each reporting period. Other than the Company’s equity investments, the Company has not provided financial or other support to nCino K.K. that it was not contractually obligated to provide. The assets of the VIE can only be used to settle the obligations of the VIE and the creditors of the VIE do not have recourse to the Company. The assets and liabilities of the VIE were not significant to the Company’s consolidated financial statements except for cash which is reflected on the unaudited condensed consolidated balance sheets. See Note 3 "Variable Interest Entity and Redeemable Non-Controlling Interest" for additional information regarding the Company’s variable interest. Redeemable Non-Controlling Interest: Redeemable non-controlling interest relates to minority investors of nCino K.K. An agreement with the minority investors of nCino K.K. contains redemption features whereby the interest held by the minority investors are redeemable either at the option of the (i) minority investors or (ii) the Company, both beginning on the eighth anniversary of the initial capital contribution. If the interest of the minority investors were to be redeemed under this agreement, the Company would be required to redeem the interest based on a prescribed formula derived from the relative revenues of nCino K.K. and the Company. The balance of the redeemable non-controlling interest is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interest’s share of earnings or losses and other comprehensive income or loss, or its estimated redemption value. The resulting changes in the estimated redemption amount (increases or decreases) are recorded with corresponding adjustments against retained earnings or, in the absence of retained earnings, additional paid-in-capital. These interests are presented on the unaudited condensed consolidated balance sheets outside of equity under the caption “Redeemable non-controlling interest.” Use of Estimates: The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by the Company’s management are used for, but not limited to, revenue recognition including determining the nature and timing of satisfaction of performance obligations, variable consideration, and stand-alone selling price; the average period of benefit associated with costs capitalized to obtain revenue contracts; fair value of assets acquired and liabilities assumed for business combinations; the useful lives of intangible assets; income taxes and the related valuation allowance on deferred tax assets; redemption value of redeemable non-controlling interest; and stock-based compensation. The Company assesses these estimates on a regular basis using historical experience and other factors. Actual results could differ from these estimates. Concentration of Credit Risk and Significant Customers: The Company’s financial instruments that are exposed to concentration of credit risk consist primarily of cash, cash equivalents, restricted cash, and accounts receivable. The Company’s cash and cash equivalents exceeded federally insured limits at January 31, 2024 and April 30, 2024. The Company maintains its cash, cash equivalents and restricted cash with high-credit-quality financial institutions. As of January 31, 2024, no individual customer represented more than 10% of accounts receivable. As of April 30, 2024, one individual customer represented 15% of accounts receivable. For the three months ended April 30, 2023 and 2024, no individual customer represented more than 10% of the Company’s total revenues. Restricted Cash: Restricted cash primarily consists of a minimum cash balance the Company maintains with a lender under the Company's revolving credit facility. The remaining restricted cash consists of deposits held as collateral for the Company's bank guarantees issued in place of security deposits for certain property leases and credit cards. Restricted cash is included in long-term prepaid expenses and other assets at January 31, 2024 and April 30, 2024 on the unaudited condensed consolidated balance sheets. Allowances: The Company records allowances for doubtful accounts based upon the credit worthiness of customers, historical experience, the age of the accounts receivable, current market and economic conditions, and supportable forecasts about the future. Relevant risk characteristics include customer size and historical loss patterns. This estimate is analyzed quarterly and adjusted as necessary. The Company records the allowance against bad debt expense through the unaudited condensed consolidated statements of operations, included in general and administrative expenses, up to the amount of revenues recognized to date. Any incremental allowance is recorded as an offset to deferred revenue on the unaudited condensed consolidated balance sheets. Receivables are written off and charged against the recorded allowance when the Company has exhausted collection efforts without success. A summary of activity in the allowance for doubtful accounts and reserve for expected credit losses is as follows: Three Months Ended April 30, 2023 2024 Balance, beginning of period $ 899 $ 1,451 Charged to (recovery of) bad debt expense 298 (131) Write-offs and other (157) (220) Translation adjustments (3) — Balance, end of period $ 1,037 $ 1,100 Investments : The Company's investments are non-marketable equity investments without readily determinable fair value and for which the Company does not have control or significant influence. The investments are measured at cost with adjustments for observable changes in price or impairment as permitted by the measurement alternative. The Company assesses at each reporting period if the investments continue to qualify for the measurement alternative. Gains or losses resulting from observable price changes are recognized currently in the Company's unaudited condensed consolidated statements of operations. The Company assesses the investments whenever events or changes in circumstances indicate that the carrying value of the investments may not be recoverable. Recent Accounting Pronouncements Not Yet Adopted: In November 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The guidance includes amendments to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The ASU is effective for fiscal years beginning after December 15, 2023 on a retrospective basis, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on the Company’s unaudited condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance includes amendments to enhance existing income tax disclosure requirements, primarily related to the rate reconciliation and income taxes paid disclosures. The ASU is effective for annual periods beginning after December 15, 2024 on a prospective basis with the option to apply the ASU retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on the Company’s unaudited condensed consolidated financial statements.

Variable Interest Entity and Re

Variable Interest Entity and Redeemable Non-Controlling Interest	3 Months Ended
	Apr. 30, 2024
Noncontrolling Interest [Abstract]
Variable Interest Entity and Redeemable Non-Controlling Interest	Variable Interest Entity and Redeemable Non-Controlling Interest In October 2019, the Company entered into an agreement with Japan Cloud Computing, L.P. and M30 LLC (collectively, the “Investors”) to engage in the investment, organization, management, and operation of nCino K.K. that is focused on the distribution of the Company’s products in Japan. In October 2019, the Company initially contributed $4.7 million in cash in exchange for 51% of the outstanding common stock of nCino K.K. As of April 30, 2024, the Company controls a majority of the outstanding common stock in nCino K.K. In October 2023, the Company made a further investment in nCino K.K. of $1.0 million that, including additional investments in nCino K.K. of $1.0 million by existing third-party investors in October 2023, maintained the Company's ownership of 51%. All of the common stock held by the Investors is callable by the Company or puttable by the Investors at the option of the Investors or at the option of the Company beginning on the eighth anniversary of the agreement with the Investors. Should the call or put option be exercised, the redemption value would be determined based on a prescribed formula derived from the discrete revenues of nCino K.K. and the Company and may be settled, at the Company’s discretion, with Company stock or cash or a combination of the foregoing. As a result of the put right available to the Investors, the redeemable non-controlling interests in nCino K.K. are classified outside of permanent equity in the Company’s unaudited condensed consolidated balance sheets. The estimated redemption value of the call/put option embedded in the redeemable non-controlling interest was $4.1 million at April 30, 2024. The following table summarizes the activity in the redeemable non-controlling interests for the period indicated below: Three Months Ended April 30, 2023 2024 Balance, beginning of period $ 3,589 $ 3,428 Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest) (280) (165) Foreign currency translation (10) (7) Adjustment to redeemable non-controlling interest (121) 844 Stock-based compensation expense 1 6 5 Balance, end of period $ 3,184 $ 4,105 1 nCino K.K. stock options granted in accordance with nCino K.K.'s equity incentive plan.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2. Significant other inputs that are directly or indirectly observable in the marketplace. Level 3. Significant unobservable inputs which are supported by little or no market activity. The carrying amounts of cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value as of January 31, 2024 and April 30, 2024 because of the relatively short duration of these instruments. The carrying amount of any outstanding borrowings on the Company's revolving credit facility approximates fair value due to the variable interest rates of the borrowings. The Company evaluated its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. The following table summarizes the Company’s financial assets measured at fair value as of January 31, 2024 and April 30, 2024 and indicates the fair value hierarchy of the valuation: Fair value measurements on a recurring basis as of January 31, 2024 Level 1 Level 2 Level 3 Assets: Money market accounts (included in cash and cash equivalents) $ 38,649 $ — $ — Time deposits (included in long-term prepaid expenses and other assets) 359 — — Total assets $ 39,008 $ — $ — Fair value measurements on a recurring basis as of April 30, 2024 Level 1 Level 2 Level 3 Assets: Money market accounts (included in cash and cash equivalents) $ 31,030 $ — $ — Time deposits (included in long-term prepaid expenses and other assets) 357 — — Total assets $ 31,387 $ — $ — All of the Company’s money market accounts are classified within Level 1 because the Company’s money market accounts are valued using quoted market prices in active exchange markets including identical assets. Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The Company's assets measured at fair value on a non-recurring basis include the investments accounted for under the measurement alternative. There was no adjustment or impairment recognized for the three months ended April 30, 2023 and 2024.

Revenues

Revenues	3 Months Ended
	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenues by Geographic Area Revenues by geographic region were as follows: Three Months Ended April 30, 2023 2024 United States $ 94,446 $ 102,241 International 19,226 25,846 $ 113,672 $ 128,087 The Company disaggregates its revenues from contracts with customers by geographic location. Revenues by geography are determined based on the region of the Company’s contracting entity, which may be different than the region of the customer. For the three months ended April 30, 2023 and 2024, no country outside the United States represented 10% or more of total revenues. Contract Amounts Accounts Receivable Accounts receivable, less allowance for doubtful accounts, is as follows as of January 31, 2024 and April 30, 2024: As of January 31, 2024 As of April 30, 2024 Trade accounts receivable $ 106,170 $ 68,564 Unbilled accounts receivable 7,699 10,187 Allowance for doubtful accounts (1,451) (1,100) Other accounts receivable 557 857 Total accounts receivable, net $ 112,975 $ 78,508 Deferred Revenue and Remaining Performance Obligations Significant movements in the deferred revenue balance during the period consisted of increases due to payments received or due in advance prior to the transfer of control of the underlying performance obligations to the customer, which were offset by decreases due to revenues recognized in the period. During the three months ended April 30, 2024, $78.9 million of revenues were recognized out of the deferred revenue balance as of January 31, 2024. Remaining performance obligations were $1.07 billion as of April 30, 2024. The Company expects to recognize approximately 66% of its remaining performance obligation as revenues in the next 24 months, approximately 28% more in the following 25 to 48 months, and the remainder thereafter.

Property and Equipment

Property and Equipment	3 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net consisted of the following: As of January 31, 2024 As of April 30, 2024 Furniture and fixtures $ 12,066 $ 12,060 Computers and equipment 8,010 7,634 Buildings and land 56,379 56,379 Leasehold improvements 27,712 27,703 Construction in progress 170 305 104,337 104,081 Less accumulated depreciation (25,192) (26,380) $ 79,145 $ 77,701 The Company recognized depreciation expense as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 137 $ 121 Cost of professional services and other revenues 444 342 Sales and marketing 439 342 Research and development 723 609 General and administrative 283 194 Total depreciation expense $ 2,026 $ 1,608

Business Combinations

Business Combinations	3 Months Ended
	Apr. 30, 2024
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations DocFox, Inc. (“DocFox”) On March 20, 2024 (the "DocFox Acquisition Date"), the Company acquired through a merger the outstanding equity interests of DocFox, which provides a solution to automate onboarding experiences for commercial and business banking. The Company acquired DocFox for its complementary product set, which helps simplify and automate the onboarding and account opening process. The Company has included the financial results of DocFox in the consolidated statements of operations from the DocFox Acquisition Date. Including the $2.0 million in post combination expense referenced below, transaction costs associated with the DocFox acquisition were approximately $3.9 million and were recorded in general and administrative expenses for the three months ended April 30, 2024. The Company paid a total of $74.3 million in cash as of the DocFox Acquisition Date. Included in the total cash paid was $6.2 million for DocFox common stock options that were cash settled on the DocFox Acquisition Date. The $6.2 million fair value of the DocFox common stock options was allocated between consideration transferred and post combination expense in the amounts of $4.2 million and $2.0 million, respectively. As there was no future service requirement due to accelerated vesting of these options, the entire $2.0 million was recorded as transaction cost immediately following the acquisition and not in consideration transferred. The $2.0 million is included within general and administrative expense for the three months ended April 30, 2024. The estimated fair value of the consideration transferred was $72.4 million on the DocFox Acquisition Date. In addition, the Company issued 198,505 RSUs with an approximate fair value of $6.1 million to certain employees of DocFox, which will vest over four years subject to such employees' continued employment. The RSUs will be recorded as stock-based compensation expense post-acquisition as the RSUs vest and has been excluded from the purchase consideration. The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the DocFox Acquisition Date: Fair Value Cash and cash equivalents $ 1,400 Accounts receivable 1,898 Operating lease right-of-use assets, net 405 Other current and noncurrent assets 444 Intangible assets 24,600 Goodwill 57,430 Accounts payable, accrued expenses, and other liabilities, current and noncurrent (3,495) Deferred revenue, current and noncurrent (3,505) Operating lease liabilities, current and noncurrent (405) Deferred income taxes (6,407) Net assets acquired $ 72,365 The transaction was accounted for using the acquisition method and, as a result, tangible and intangible assets acquired and liabilities assumed were recorded at their estimated fair values at the DocFox Acquisition Date. Any excess consideration over the fair value of the assets acquired and liabilities assumed was recognized as goodwill and is subject to revision as the purchase price allocation is complete. The Company determined the acquisition date contract assets and liabilities in accordance with ASC 606. Due to the timing of the transaction, initial accounting for the acquisition is not complete, and further measurement period adjustments may occur in fiscal year 2025, but no later than one year from the DocFox Acquisition Date. The Company has estimated the preliminary fair value of net assets acquired based on information currently available and with the assistance of independent third-party valuations and will continue to adjust those estimates as additional information becomes available, valuations are finalized and the tax returns for the pre-acquisition period are completed. The primary areas of the acquisition accounting that remain preliminary relate to, but are not limited to, (i) finalizing the review and valuation of intangible assets (including key assumptions, inputs and estimates), (ii) finalizing the Company's review of certain assets acquired and liabilities assumed, (iii) finalizing the evaluation and valuation of certain legal matters and/or loss contingencies, including those that the Company may not yet be aware of but meet the requirement to qualify as a pre-acquisition contingency, (iv) finalizing our estimate of the impact of acquisition accounting on deferred income taxes or liabilities, including uncertain tax positions, and (v) finalizing the Company’s review of the acquired contracts and related contract assets and liabilities. As the initial acquisition accounting is based on preliminary assessments, actual values may differ materially when final information becomes available. The Company believes the information gathered to date provides a reasonable basis for estimating the preliminary fair values of assets acquired and liabilities assumed. The Company will continue to evaluate these items until they are satisfactorily resolved and make necessary adjustments, within the allowable measurement period. The following table sets forth the components of the preliminary fair value of identifiable intangible assets and their estimated useful lives over which the acquired intangible assets will be amortized on a straight-line basis, as this approximates the pattern in which economic benefits of the assets are consumed as of the DocFox Acquisition Date: Fair Value Useful Life Trade name $ 200 1 year Customer relationships 16,400 10 years Developed technology 8,000 5 years Total intangible assets subject to amortization $ 24,600 Developed technology represents the preliminary fair value of DocFox's technology. Customer relationships represent the preliminary fair value of the underlying relationships with DocFox's customers. Trade names represents the preliminary fair value of DocFox’s company name. The Company continues to assess the rates used in the preliminary valuation methods such as, but not limited to, the discount rates for developed technology, customer relationships and trade name and customer attrition rate for customer relationships. Goodwill is primarily attributable to expanded market opportunities, synergies expected from the acquisition, and assembled workforce. The goodwill is not expected to be deductible for tax. The financial results of DocFox since the DocFox Acquisition Date are included in the Company's unaudited condensed consolidated financial statements and are not material to the Company. The Company has not disclosed pro-forma revenue and earnings attributable to DocFox as they did not have a material effect on the Company’s unaudited condensed consolidated financial statements. Integrated Lending Technologies, LLC (“ILT”) On April 1, 2024 (the "ILT Acquisition Date”), the Company acquired all outstanding membership interests of ILT, which provides industry-leading consumer loan origination software that streamlines direct and indirect lending operations. The Company acquired ILT for its complementary products and believes this will provide greater value for new and existing customers. The Company has included the financial results of ILT in the consolidated statements of operations from the ILT Acquisition Date. Transaction costs associated with the ILT acquisition were approximately $0.9 million and were recorded in general and administrative expenses for the three months ended April 30, 2024. The fair value of the consideration transferred was $19.9 million and paid in cash on the ILT Acquisition Date, subject to a net working capital adjustment. The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the ILT Acquisition Date: Fair Value Cash and cash equivalents $ 164 Accounts receivable 343 Intangible assets 8,660 Goodwill 11,009 Accounts payable, accrued expenses, and other liabilities, current and noncurrent (240) Net assets acquired $ 19,936 The transaction was accounted for using the acquisition method and, as a result, tangible and intangible assets acquired, and liabilities assumed were recorded at their estimated fair values at the ILT Acquisition Date. Any excess consideration over the fair value of the assets acquired and liabilities assumed was recognized as goodwill and is subject to revision as the purchase price allocation is completed. The Company determined the acquisition date contract assets and liabilities in accordance with ASC 606. Due to the timing of the transaction, initial accounting for the acquisition is not complete, and further measurement period adjustments may occur in fiscal year 2025, but no later than one year from the ILT Acquisition Date. The Company has estimated the preliminary fair value of net assets acquired based on information currently available and with the assistance of independent third-party valuations and will continue to adjust those estimates as additional information becomes available and valuations are finalized. The primary areas of the acquisition accounting that remain preliminary relate to, but are not limited to, (i) finalizing the review and valuation of intangible assets (including key assumptions, inputs and estimates), (ii) finalizing the Company's review of certain assets acquired and liabilities assumed, and (iii) finalizing the Company’s review of the acquired contracts and related contract assets and liabilities. As the initial acquisition accounting is based on preliminary assessments, actual values may differ materially when final information becomes available. The Company believes the information gathered to date provides a reasonable basis for estimating the preliminary fair values of assets acquired and liabilities assumed. The Company will continue to evaluate these items until they are satisfactorily resolved and make necessary adjustments, within the allowable measurement period. The following table sets forth the components of the preliminary fair value of identifiable intangible assets and their estimated useful lives over which the acquired intangible assets will be amortized on a straight-line basis, as this approximates the pattern in which economic benefits of the assets are consumed as of the ILT Acquisition Date: Fair Value Useful Life Trade name $ 210 1 year Customer relationships 5,870 10 years Developed technology 2,580 5 years Total intangible assets subject to amortization $ 8,660 Developed technology represents the preliminary estimated fair value of ILT’s technology. Customer relationships represent the preliminary estimated fair value of the underlying relationships with ILT’s customers. Trade name represents the preliminary estimated fair value of ILT’s company name. The Company continues to assess the rates used in the preliminary valuation methods such as, but not limited to, the discount rates for developed technology, customer relationships and trade name and customer attrition rate for customer relationships. Goodwill is primarily attributable to expanded market opportunities, synergies expected from the acquisition, and assembled workforce and approximately $11.0 million is expected to be deductible for tax purposes. The financial results of ILT since the ILT Acquisition Date are included in the Company's unaudited condensed consolidated financial statements and are not material to the Company. The Company has not disclosed pro-forma revenue and earnings attributable to ILT as they did not have a material effect on the Company’s condensed consolidated financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The change in the carrying amounts of goodwill was as follows: Balance, January 31, 2024 $ 838,869 Acquisitions 68,439 Translation adjustments 205 Balance, April 30, 2024 $ 907,513 Intangible assets Intangible assets, net are as follows: As of January 31, 2024 As of April 30, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Developed technology $ 83,468 $ (38,010) $ 45,458 $ 88,080 $ (36,160) $ 51,920 Customer relationships 91,704 (22,085) 69,619 114,076 (24,508) 89,568 Trademarks and trade name 14,624 (14,624) — 413 (43) 370 Other 919 (424) 495 1,369 (522) 847 $ 190,715 $ (75,143) $ 115,572 $ 203,938 $ (61,233) $ 142,705 During the three months ended April 30, 2023 and 2024, the Company wrote off approximately $0.0 million and $20.6 million of fully amortized intangible assets and the corresponding accumulated amortization, respectively. The Company recognized amortization expense for intangible assets as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 4,251 $ 4,118 Cost of professional services and other revenues 82 82 Sales and marketing 2,772 2,482 Total amortization expense $ 7,105 $ 6,682 During the third quarter of fiscal 2024, the Company rebranded the SimpleNexus solution to nCino Mortgage, resulting in a change to the trade name useful life and recorded incremental amortization of $10.1 million to fully amortize the remaining trade name intangible asset. The expected future amortization expense for intangible assets as of April 30, 2024 is as follows: Fiscal Year Ending January 31, 2025 (remaining) $ 22,034 2026 28,860 2027 27,593 2028 13,135 2029 13,035 Thereafter 38,048 $ 142,705 The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets, and other events.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Options Stock option activity for the three months ended April 30, 2024 was as follows: Number of Weighted Outstanding, January 31, 2024 1,212,704 $ 7.14 Granted — — Expired or forfeited (1,000) 14.71 Exercised (199,300) 8.03 Outstanding, April 30, 2024 1,012,404 $ 6.96 Exercisable, April 30, 2024 1,012,404 $ 6.96 Fully vested or expected to vest, April 30, 2024 1,012,404 $ 6.96 Restricted Stock Units RSU activity during the three months ended April 30, 2024 was as follows: Number of Weighted Average Nonvested, January 31, 2024 5,626,125 $ 33.19 Granted 2,207,404 34.30 Vested (456,288) 51.56 Forfeited (322,795) 35.94 Nonvested, April 30, 2024 7,054,446 $ 32.23 As of April 30, 2024, total unrecognized compensation expense related to non-vested RSUs was $190.2 million, adjusted for estimated forfeitures, based on the estimated fair value of the Company’s common stock at the time of grant. That cost is expected to be recognized over a weighted average period of 3.08 years. Employee Stock Purchase Plan The first offering period for the Employee Stock Purchase Plan ("ESPP") began on July 1, 2021 and ended on December 31, 2021. Thereafter, offering periods begin each year on January 1 and July 1. The fair value of ESPP shares during the three months ended April 30, 2023 and 2024 was estimated at the date of grant using the Black-Scholes option valuation model based on assumptions as follows for ESPP awards: Three Months Ended April 30, 2023 2024 Expected life (in years) 0.50 0.50 Expected volatility 61.86% 38.70% Expected dividends 0.00% 0.00% Risk-free interest rate 4.77% 5.24% Stock-Based Compensation Expense Total stock-based compensation expense included in our unaudited condensed consolidated statements of operations were as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 314 $ 562 Cost of professional services and other revenues 1,629 2,779 Sales and marketing 3,211 3,956 Research and development 3,000 4,226 General and administrative 2,711 4,682 Total stock-based compensation expense $ 10,865 $ 16,205

Leases

Leases	3 Months Ended
	Apr. 30, 2024
Leases [Abstract]
Leases	Leases Operating Leases The Company leases its facilities and a portion of its equipment under various non-cancellable agreements, which expire at various times through December 2033, some of which include options to extend for up to five years. The components of lease expense were as follows: Three Months Ended April 30, 2023 2024 Operating lease expense $ 1,305 $ 1,334 Variable lease expense 461 623 Short-term lease expense 122 90 Total $ 1,888 $ 2,047 Supplemental cash flow information related to operating leases were as follows: Three Months Ended April 30, 2023 2024 Cash paid for amounts included in the measurement of operating lease liabilities $ 1,106 $ 1,087 Operating right-of-use assets obtained in exchange for operating lease liabilities 132 705 Operating right-of-use assets and operating lease liabilities disposed of — 1,947 The weighted-average remaining lease term and weighted-average discount rate for the Company's operating lease liabilities as of April 30, 2024 were 6.18 years and 6.7%, respectively. Future minimum lease payments as of April 30, 2024 were as follows: Fiscal Year Ending January 31, Operating Leases 2025 (remaining) $ 3,260 2026 4,951 2027 3,218 2028 2,740 2029 1,688 Thereafter 6,343 Total lease liabilities 22,200 Less: imputed interest (4,439) Total lease obligations 17,761 Less: current obligations (4,338) Long-term lease obligations $ 13,423

Revolving Credit Facility

Revolving Credit Facility	3 Months Ended
	Apr. 30, 2024
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility On February 11, 2022, the Company entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, nCino OpCo (the “Borrower”), certain subsidiaries of the Company as guarantors, and Bank of America, N.A. as lender (the “Lender”), pursuant to which the Lender provided to the Borrower a senior secured revolving credit facility of up to $50.0 million (the “Credit Facility”). The Credit Facility includes borrowing capacity available for letters of credit subject to a sublimit of $7.5 million. Any issuance of letters of credit will reduce the amount available under the Credit Facility. On February 9, 2024, the Company entered into a First Amendment to extend the existing maturity date of the Credit Facility provided for under the Credit Agreement to February 11, 2025. On March 17, 2024, the Company entered into the Second Amendment which increased our borrowing availability to $100.0 million and extended the existing maturity date of the Credit Facility under the Credit Facility to March 17, 2029. Borrowings under the Credit Facility bear interest, at the Borrower’s option, at: (i) a base rate equal to the greatest of (a) the Lender’s “prime rate”, (b) the federal funds rate plus 0.50%, and (c) the Term SOFR rate plus 1.00% (provided that the base rate shall not be less than 0.00%), plus a margin of 1.3125%; or (ii) the Term SOFR rate (provided that the Term SOFR shall not be less than 0.00%), plus a margin of 2.3125%, in each case with such margin subject to a step down based on achievement of a certain leverage ratio. The Company is also required to pay an unused commitment fee to the Lender of 0.30% of the average daily unutilized commitments (with a step down based on achievement of a certain leverage ratio). The Company must also pay customary letter of credit fees. The Company may repay amounts borrowed any time without penalty. Borrowings under the Credit Facility may be reborrowed. The Credit Agreement contains representations and warranties, affirmative, negative and financial covenants, and events of default that are customary for loans of this type. The financial covenants require the Company and its subsidiaries on a consolidated basis to maintain (i) a Consolidated Senior Secured Leverage Ratio not in excess of 2.50:1.00 as of the end of any fiscal quarter, and (ii) a Consolidated Interest Coverage Ratio not less than 3.00:1.00 as of the end of any fiscal quarter beginning with the second quarter of fiscal year 2025. The Company is also required to maintain at least $5.0 million of the Company's cash and/or marketable securities with the Lender which is considered restricted cash and is included in long-term prepaid expenses and other assets as of January 31, 2024 and April 30, 2024 on the Company's unaudited condensed consolidated balance sheets. The Credit Facility is guaranteed by the Company and each of its current and future material domestic subsidiaries (the “Guarantors”) and secured by substantially all of the personal property, subject to customary exceptions, of the Borrower and the Guarantors, in each case, now owned or later acquired, including a pledge of all of the Borrower’s capital stock, the capital stock of all of the Company’s domestic subsidiaries, and 65% of the capital stock of foreign subsidiaries that are directly owned by the Borrower or a Guarantor. The Company had $0.0 million and $55.0 million outstanding and no letters of credit issued under the Credit Facility and was in compliance with all covenants as of January 31, 2024 and April 30, 2024, respectively. As of April 30, 2024, the applicable interest rate was 7.36%. The available borrowing capacity under the Credit Facility was $45.0 million as of April 30, 2024.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In addition to the operating lease commitments described in Note 10 "Leases", the Company has additional contractual commitments as described further below. Purchase Commitments The Company’s purchase commitments consist of non-cancellable agreements to purchase goods and services, primarily licenses and hosting services, entered into in the ordinary course of business. Financing Obligations The Company's financing obligations consist of leases for the Company's headquarters and parking deck in which the Company is deemed the owner of for accounting purposes. The leases will be analyzed for applicable lease accounting upon expiration of the purchase option, if not exercised. Purchase commitments and future minimum lease payments required under financing obligations as of April 30, 2024 is as follows: Fiscal Year Ending January 31, Purchase commitments Financing obligations - leased facility 2025 (remaining) $ 56,082 $ 3,409 2026 73,237 4,644 2027 71,785 3,950 2028 70,000 — Total $ 271,104 $ 12,003 Residual financing obligations and assets 49,476 Less: amount representing interest (7,684) Financing obligations $ 53,795 A portion of the associated lease payments are recognized as interest expense and the remainder reduces the financing obligations. The weighted-average discount rate for the Company's financing obligations as of April 30, 2024 was 5.7%. Indemnification In the ordinary course of business, the Company generally includes standard indemnification provisions in its arrangements with third parties, including vendors, customers, and the Company’s directors and officers. Pursuant to these provisions, the Company may be obligated to indemnify such parties for losses or claims suffered or incurred. It is not possible to determine the maximum potential loss under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. The Company has not accrued any material liabilities related to such obligations in the accompanying unaudited condensed consolidated financial statements. Legal Proceedings From time to time, the Company is involved in legal proceedings or is subject to claims arising in the ordinary course of business including the following: On March 12, 2021, a putative class action complaint was filed in the United States District Court for the Eastern District of North Carolina (the "District Court"). The sole class representative in the suit is one individual alleging a contract, combination or conspiracy between and among the Company, Live Oak Bancshares, Inc. ("Live Oak") and Apiture, Inc. ("Apiture") not to solicit or hire each other’s employees in violation of Section 1 of the Sherman Act and N.C. Gen Stat. §§ 75-1 and 75-2. The complaint seeks treble damages and additional remedies, including restitution, disgorgement, reasonable attorneys’ fees, the costs of the suit, and pre-judgment and post judgment interest. The complaint does not allege any specific damages. On April 28, 2022, the District Court approved settlements between the plaintiff and defendant Live Oak in the amount of approximately $3.9 million and unnamed party Apiture in the amount of approximately $0.8 million. In July 2023, through mediation, the Company and the plaintiff reached a settlement agreement in principle of approximately $2.2 million. The Company remitted the $2.2 million settlement to an escrow agent in the fourth quarter of fiscal 2024, and the District Court entered the Final Judgement of Dismissal on March 14, 2024. On September 26, 2022, a purported stockholder of the Company filed a complaint in the Delaware Court of Chancery in connection with the series of mergers in which the Company became the parent of nCino OpCo and SimpleNexus. The complaint, captioned City of Hialeah Employees’ Retirement System, Derivatively on Behalf of Nominal Defendants nCINO, INC. (f/k/a Penny HoldCo, Inc.) and nCINO OpCo, Inc. (f/k/a nCino, Inc.) v. INSIGHT VENTURE PARTNERS, LLC, et al., C.A. No. 2022-0846-MTZ, names as defendants, Insight Ventures Partners, LLC., Insight Holdings Group, LLC., the Company’s directors and certain officers, along with nCino, Inc. and nCino OpCo, Inc. as nominal defendants, and alleges that the members of the board of directors, controlling stockholders, and officers violated their fiduciary duties in the course of negotiating and approving the series of mergers. The complaint alleges damages in an unspecified amount. Pursuant to the rights in its bylaws and Delaware law, the Company is advancing the costs incurred by the director and officer defendants in this action, and the defendants may assert indemnification rights in respect of an adverse judgment or settlement of the action, if any. Given the uncertainty and preliminary stages of this matter, the Company is unable to reasonably estimate any possible loss or range of loss that may result. Therefore, the Company has not made an accrual for the above matter in the unaudited condensed consolidated financial statements. On December 28, 2023, the Delaware Court of Chancery granted in full defendants' motions to dismiss the complaint. On January 25, 2024, the plaintiff filed a notice of appeal. The Company does not presently believe the above matters will have a material adverse effect on its day-to-day operations or the quality of the services, products or innovation it continues to provide to its customers. However, regardless of the outcome, legal proceedings can have an adverse impact on the Company because of the related expenses, diversion of management resources, and other factors. Other Commitments and Contingencies The Company may be subject to audits related to its non-income taxes by tax authorities in jurisdictions where it conducts business. These audits may result in assessments of additional taxes that are subsequently resolved with the authorities or potentially through the courts. The Company accrues for any assessments if deemed probable and estimable.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Apr. 30, 2024
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions On November 1, 2022, the Company's wholly-owned subsidiary, nCino OpCo, acquired preferred shares of ZestFinance, Inc. (d/b/a ZEST AI) ("Zest AI"), a private company, for $2.5 million and is included in investments as of January 31, 2024 and April 30, 2024 on the Company's unaudited condensed consolidated balance sheets. The investment is considered a related party transaction as entities affiliated with Insight Partners, a beneficial owner of the Company, own greater than ten percent of Zest AI. On May 23, 2023, the Company announced a strategic partnership with Zest AI to build an integration into the Company's consumer banking solution to enable lenders with streamlined access to consumer credit lending insights.

Basic and Diluted Loss per Shar

Basic and Diluted Loss per Share	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share Basic loss per share is computed by dividing net loss attributable to nCino, Inc. by the weighted-average number of common shares outstanding for the fiscal period. Diluted 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. Diluted loss per share for the three months ended April 30, 2023 and 2024 is the same as the basic loss per share as there was a net loss for those periods, and inclusion of potentially issuable shares was anti-dilutive. The components of basic and diluted loss per share for periods presented are as follows (in thousands, except share and per share data): Three Months Ended April 30, 2023 2024 Basic and diluted loss per share: Numerator Net loss attributable to nCino, Inc. $ (11,243) $ (2,976) Denominator Weighted-average common shares outstanding 112,032,536 114,197,068 Basic and diluted loss per share attributable to nCino, Inc. $ (0.10) $ (0.03) The following potential outstanding common stock were excluded from the diluted loss per share computation because the effect would have been anti-dilutive: Three Months Ended April 30, 2023 2024 Stock options issued and outstanding 1,761,555 1,012,404 Nonvested RSUs issued and outstanding 3,103,071 7,054,446 Shares issuable pursuant to the ESPP 98,750 106,134

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Pay vs Performance Disclosure
Net loss attributable to nCino, Inc.	$ (2,976)	$ (11,243)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Apr. 30, 2024 shares
Officer Trading Arrangement [Member]
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Officer Trading Arrangement [Member] | Matthew Hansen [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 3, 2024, Matthew Hansen, Chief Product Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 285,000 shares of our common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until May 1, 2025, or earlier if all transactions under the trading arrangement are completed.
Name	Matthew Hansen
Title	Chief Product Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 3, 2024
Aggregate Available	285,000
Officer Trading Arrangement [Member] | April Rieger [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 12, 2024, April Rieger, Chief Legal & Compliance Officer and Secretary, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 29,700 shares of our common stock. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement is until March 28, 2025, or earlier if all transactions under the trading arrangement are completed.
Name	April Rieger
Title	Chief Legal & Compliance Officer and Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	April 12, 2024
Aggregate Available	29,700
Officer Trading Arrangement [Member] | Jeanette Sellers [Member]
Trading Arrangements, by Individual
Arrangement Duration	393 days
Officer Trading Arrangement [Member] | Pierre Naudé [Member]
Trading Arrangements, by Individual
Arrangement Duration	471 days
Officer Trading Arrangement [Member] | Sean Desmond [Member]
Trading Arrangements, by Individual
Arrangement Duration	361 days
Officer Termination Arrangement [Member] | April Rieger [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On April 12, 2024, April Rieger, Chief Legal & Compliance Officer and Secretary, terminated a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 39,144 shares of our common stock. The trading arrangement was intended to satisfy the affirmative defense in Rule 10b5-1(c). The duration of the trading arrangement was until January 17, 2025, or earlier if all transactions under the trading arrangement had been completed.
Name	April Rieger
Title	Chief Legal & Compliance Officer and Secretary
Rule 10b5-1 Arrangement Terminated	true
Termination Date	April 12, 2024
Aggregate Available	39,144
Director Trading Arrangement [Member]
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation: The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") as set forth in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and applicable rules and regulations of the Securities Exchange Commission ("SEC") regarding interim financial reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2024 filed with the SEC on March 26, 2024. The unaudited condensed consolidated financial statements include accounts of the Company’s wholly-owned subsidiaries, as well as a variable interest entity in which the Company is the primary beneficiary. All intercompany accounts and transactions are eliminated. The Company is subject to the normal risks associated with technology companies that have not demonstrated sustainable income from operations, including product development, the risk of customer acceptance and market penetration of its products and services and, ultimately, the need to attain profitability to generate positive cash resources. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal 2025 or any future period.
Variable Interest Entity	Variable Interest Entity: The Company holds an interest in a Japanese company (“nCino K.K.”) that is considered a variable interest entity ("VIE"). nCino K.K. is considered a VIE as it has insufficient equity capital to finance its activities without additional financial support. The Company is the primary beneficiary of nCino K.K. as it has the power over the activities that most significantly impact the economic performance of nCino K.K. and has the obligation to absorb expected losses and the right to receive expected benefits that could be significant to nCino K.K., in accordance with accounting guidance. As a result, the Company consolidated nCino K.K. and all significant intercompany accounts have been eliminated. The Company will continue to assess whether it has a controlling financial interest and whether it is the primary beneficiary at each reporting period. Other than the Company’s equity investments, the Company has not provided financial or other support to nCino K.K. that it was not contractually obligated to provide. The assets of the VIE can only be used to settle the obligations of the VIE and the creditors of the VIE do not have recourse to the Company. The assets and liabilities of the VIE were not significant to the Company’s consolidated financial statements except for cash which is reflected on the unaudited condensed consolidated balance sheets. See Note 3 "Variable Interest Entity and Redeemable Non-Controlling Interest" for additional information regarding the Company’s variable interest.
Redeemable Non-Controlling Interest	Redeemable Non-Controlling Interest: Redeemable non-controlling interest relates to minority investors of nCino K.K. An agreement with the minority investors of nCino K.K. contains redemption features whereby the interest held by the minority investors are redeemable either at the option of the (i) minority investors or (ii) the Company, both beginning on the eighth anniversary of the initial capital contribution. If the interest of the minority investors were to be redeemed under this agreement, the Company would be required to redeem the interest based on a prescribed formula derived from the relative revenues of nCino K.K. and the Company. The balance of the redeemable non-controlling interest is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interest’s share of earnings or losses and other comprehensive income or loss, or its estimated redemption value. The resulting changes in the estimated redemption amount (increases or decreases) are recorded with corresponding adjustments against retained earnings or, in the absence of retained earnings, additional paid-in-capital. These interests are presented on the unaudited condensed consolidated balance sheets outside of equity under the caption “Redeemable non-controlling interest.”
Use of Estimates	Use of Estimates: The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by the Company’s management are used for, but not limited to, revenue recognition including determining the nature and timing of satisfaction of performance obligations, variable consideration, and stand-alone selling price; the average period of benefit associated with costs capitalized to obtain revenue contracts; fair value of assets acquired and liabilities assumed for business combinations; the useful lives of intangible assets; income taxes and the related valuation allowance on deferred tax assets; redemption value of redeemable non-controlling interest; and stock-based compensation. The Company assesses these estimates on a regular basis using historical experience and other factors. Actual results could differ from these estimates.
Concentration of Credit Risk and Significant Customers	Concentration of Credit Risk and Significant Customers: The Company’s financial instruments that are exposed to concentration of credit risk consist primarily of cash, cash equivalents, restricted cash, and accounts receivable. The Company’s cash and cash equivalents exceeded federally insured limits at January 31, 2024 and April 30, 2024. The Company maintains its cash, cash equivalents and restricted cash with high-credit-quality financial institutions.
Restricted Cash	Restricted Cash: Restricted cash primarily consists of a minimum cash balance the Company maintains with a lender under the Company's revolving credit facility. The remaining restricted cash consists of deposits held as collateral for the Company's bank guarantees issued in place of security deposits for certain property leases and credit cards. Restricted cash is included in long-term prepaid expenses and other assets at January 31, 2024 and April 30, 2024 on the unaudited condensed consolidated balance sheets.
Allowances	Allowances: The Company records allowances for doubtful accounts based upon the credit worthiness of customers, historical experience, the age of the accounts receivable, current market and economic conditions, and supportable forecasts about the future. Relevant risk characteristics include customer size and historical loss patterns. This estimate is analyzed quarterly and adjusted as necessary. The Company records the allowance against bad debt expense through the unaudited condensed consolidated statements of operations, included in general and administrative expenses, up to the amount of revenues recognized to date. Any incremental allowance is recorded as an offset to deferred revenue on the unaudited condensed consolidated balance sheets. Receivables are written off and charged against the recorded allowance when the Company has exhausted collection efforts without success.
Investment	Investments : The Company's investments are non-marketable equity investments without readily determinable fair value and for which the Company does not have control or significant influence. The investments are measured at cost with adjustments for observable changes in price or impairment as permitted by the measurement alternative. The Company assesses at each reporting period if the investments continue to qualify for the measurement alternative. Gains or losses resulting from observable price changes are recognized currently in the Company's unaudited condensed consolidated statements of operations. The Company assesses the investments whenever events or changes in circumstances indicate that the carrying value of the investments may not be recoverable.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted: In November 2023, the FASB issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The guidance includes amendments to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The ASU is effective for fiscal years beginning after December 15, 2023 on a retrospective basis, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on the Company’s unaudited condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The guidance includes amendments to enhance existing income tax disclosure requirements, primarily related to the rate reconciliation and income taxes paid disclosures. The ASU is effective for annual periods beginning after December 15, 2024 on a prospective basis with the option to apply the ASU retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on the Company’s unaudited condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Apr. 30, 2024
Accounting Policies [Abstract]
Activity in Allowance for Doubtful Accounts	A summary of activity in the allowance for doubtful accounts and reserve for expected credit losses is as follows: Three Months Ended April 30, 2023 2024 Balance, beginning of period $ 899 $ 1,451 Charged to (recovery of) bad debt expense 298 (131) Write-offs and other (157) (220) Translation adjustments (3) — Balance, end of period $ 1,037 $ 1,100

Variable Interest Entity and _2

Variable Interest Entity and Redeemable Non-Controlling Interest (Tables)	3 Months Ended
	Apr. 30, 2024
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest	The following table summarizes the activity in the redeemable non-controlling interests for the period indicated below: Three Months Ended April 30, 2023 2024 Balance, beginning of period $ 3,589 $ 3,428 Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest) (280) (165) Foreign currency translation (10) (7) Adjustment to redeemable non-controlling interest (121) 844 Stock-based compensation expense 1 6 5 Balance, end of period $ 3,184 $ 4,105 1 nCino K.K. stock options granted in accordance with nCino K.K.'s equity incentive plan.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2024
Fair Value Disclosures [Abstract]
Schedule Of Fair Value, Assets Measured on Recurring Basis	The following table summarizes the Company’s financial assets measured at fair value as of January 31, 2024 and April 30, 2024 and indicates the fair value hierarchy of the valuation: Fair value measurements on a recurring basis as of January 31, 2024 Level 1 Level 2 Level 3 Assets: Money market accounts (included in cash and cash equivalents) $ 38,649 $ — $ — Time deposits (included in long-term prepaid expenses and other assets) 359 — — Total assets $ 39,008 $ — $ — Fair value measurements on a recurring basis as of April 30, 2024 Level 1 Level 2 Level 3 Assets: Money market accounts (included in cash and cash equivalents) $ 31,030 $ — $ — Time deposits (included in long-term prepaid expenses and other assets) 357 — — Total assets $ 31,387 $ — $ —

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Apr. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Geographic Region	Revenues by geographic region were as follows: Three Months Ended April 30, 2023 2024 United States $ 94,446 $ 102,241 International 19,226 25,846 $ 113,672 $ 128,087
Schedule of Accounts, Notes, Loans and Financing Receivable	Accounts receivable, less allowance for doubtful accounts, is as follows as of January 31, 2024 and April 30, 2024: As of January 31, 2024 As of April 30, 2024 Trade accounts receivable $ 106,170 $ 68,564 Unbilled accounts receivable 7,699 10,187 Allowance for doubtful accounts (1,451) (1,100) Other accounts receivable 557 857 Total accounts receivable, net $ 112,975 $ 78,508

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consisted of the following: As of January 31, 2024 As of April 30, 2024 Furniture and fixtures $ 12,066 $ 12,060 Computers and equipment 8,010 7,634 Buildings and land 56,379 56,379 Leasehold improvements 27,712 27,703 Construction in progress 170 305 104,337 104,081 Less accumulated depreciation (25,192) (26,380) $ 79,145 $ 77,701 The Company recognized depreciation expense as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 137 $ 121 Cost of professional services and other revenues 444 342 Sales and marketing 439 342 Research and development 723 609 General and administrative 283 194 Total depreciation expense $ 2,026 $ 1,608

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Apr. 30, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the DocFox Acquisition Date: Fair Value Cash and cash equivalents $ 1,400 Accounts receivable 1,898 Operating lease right-of-use assets, net 405 Other current and noncurrent assets 444 Intangible assets 24,600 Goodwill 57,430 Accounts payable, accrued expenses, and other liabilities, current and noncurrent (3,495) Deferred revenue, current and noncurrent (3,505) Operating lease liabilities, current and noncurrent (405) Deferred income taxes (6,407) Net assets acquired $ 72,365 The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the ILT Acquisition Date: Fair Value Cash and cash equivalents $ 164 Accounts receivable 343 Intangible assets 8,660 Goodwill 11,009 Accounts payable, accrued expenses, and other liabilities, current and noncurrent (240) Net assets acquired $ 19,936
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table sets forth the components of the preliminary fair value of identifiable intangible assets and their estimated useful lives over which the acquired intangible assets will be amortized on a straight-line basis, as this approximates the pattern in which economic benefits of the assets are consumed as of the DocFox Acquisition Date: Fair Value Useful Life Trade name $ 200 1 year Customer relationships 16,400 10 years Developed technology 8,000 5 years Total intangible assets subject to amortization $ 24,600 The following table sets forth the components of the preliminary fair value of identifiable intangible assets and their estimated useful lives over which the acquired intangible assets will be amortized on a straight-line basis, as this approximates the pattern in which economic benefits of the assets are consumed as of the ILT Acquisition Date: Fair Value Useful Life Trade name $ 210 1 year Customer relationships 5,870 10 years Developed technology 2,580 5 years Total intangible assets subject to amortization $ 8,660

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amounts of goodwill was as follows: Balance, January 31, 2024 $ 838,869 Acquisitions 68,439 Translation adjustments 205 Balance, April 30, 2024 $ 907,513
Schedule of Finite-Lived Intangible Assets	Intangible assets, net are as follows: As of January 31, 2024 As of April 30, 2024 Gross Accumulated Net Carrying Gross Accumulated Net Carrying Developed technology $ 83,468 $ (38,010) $ 45,458 $ 88,080 $ (36,160) $ 51,920 Customer relationships 91,704 (22,085) 69,619 114,076 (24,508) 89,568 Trademarks and trade name 14,624 (14,624) — 413 (43) 370 Other 919 (424) 495 1,369 (522) 847 $ 190,715 $ (75,143) $ 115,572 $ 203,938 $ (61,233) $ 142,705
Finite-lived Intangible Assets Amortization Expense	The Company recognized amortization expense for intangible assets as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 4,251 $ 4,118 Cost of professional services and other revenues 82 82 Sales and marketing 2,772 2,482 Total amortization expense $ 7,105 $ 6,682
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The expected future amortization expense for intangible assets as of April 30, 2024 is as follows: Fiscal Year Ending January 31, 2025 (remaining) $ 22,034 2026 28,860 2027 27,593 2028 13,135 2029 13,035 Thereafter 38,048 $ 142,705

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Stock option activity for the three months ended April 30, 2024 was as follows: Number of Weighted Outstanding, January 31, 2024 1,212,704 $ 7.14 Granted — — Expired or forfeited (1,000) 14.71 Exercised (199,300) 8.03 Outstanding, April 30, 2024 1,012,404 $ 6.96 Exercisable, April 30, 2024 1,012,404 $ 6.96 Fully vested or expected to vest, April 30, 2024 1,012,404 $ 6.96
Schedule of Nonvested Restricted Stock Units Activity	RSU activity during the three months ended April 30, 2024 was as follows: Number of Weighted Average Nonvested, January 31, 2024 5,626,125 $ 33.19 Granted 2,207,404 34.30 Vested (456,288) 51.56 Forfeited (322,795) 35.94 Nonvested, April 30, 2024 7,054,446 $ 32.23
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	The fair value of ESPP shares during the three months ended April 30, 2023 and 2024 was estimated at the date of grant using the Black-Scholes option valuation model based on assumptions as follows for ESPP awards: Three Months Ended April 30, 2023 2024 Expected life (in years) 0.50 0.50 Expected volatility 61.86% 38.70% Expected dividends 0.00% 0.00% Risk-free interest rate 4.77% 5.24%
Schedule of Share-Based Compensation Expense	Total stock-based compensation expense included in our unaudited condensed consolidated statements of operations were as follows: Three Months Ended April 30, 2023 2024 Cost of subscription revenues $ 314 $ 562 Cost of professional services and other revenues 1,629 2,779 Sales and marketing 3,211 3,956 Research and development 3,000 4,226 General and administrative 2,711 4,682 Total stock-based compensation expense $ 10,865 $ 16,205

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2024
Leases [Abstract]
Schedule of Lease Cost	The components of lease expense were as follows: Three Months Ended April 30, 2023 2024 Operating lease expense $ 1,305 $ 1,334 Variable lease expense 461 623 Short-term lease expense 122 90 Total $ 1,888 $ 2,047 Supplemental cash flow information related to operating leases were as follows: Three Months Ended April 30, 2023 2024 Cash paid for amounts included in the measurement of operating lease liabilities $ 1,106 $ 1,087 Operating right-of-use assets obtained in exchange for operating lease liabilities 132 705 Operating right-of-use assets and operating lease liabilities disposed of — 1,947
Schedule of Future Minimum Lease Payments for Operating Lease	Future minimum lease payments as of April 30, 2024 were as follows: Fiscal Year Ending January 31, Operating Leases 2025 (remaining) $ 3,260 2026 4,951 2027 3,218 2028 2,740 2029 1,688 Thereafter 6,343 Total lease liabilities 22,200 Less: imputed interest (4,439) Total lease obligations 17,761 Less: current obligations (4,338) Long-term lease obligations $ 13,423

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Apr. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Commitments and Future Minimum Lease Payments	Purchase commitments and future minimum lease payments required under financing obligations as of April 30, 2024 is as follows: Fiscal Year Ending January 31, Purchase commitments Financing obligations - leased facility 2025 (remaining) $ 56,082 $ 3,409 2026 73,237 4,644 2027 71,785 3,950 2028 70,000 — Total $ 271,104 $ 12,003 Residual financing obligations and assets 49,476 Less: amount representing interest (7,684) Financing obligations $ 53,795

Basic and Diluted Loss per Sh_2

Basic and Diluted Loss per Share (Tables)	3 Months Ended
	Apr. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The components of basic and diluted loss per share for periods presented are as follows (in thousands, except share and per share data): Three Months Ended April 30, 2023 2024 Basic and diluted loss per share: Numerator Net loss attributable to nCino, Inc. $ (11,243) $ (2,976) Denominator Weighted-average common shares outstanding 112,032,536 114,197,068 Basic and diluted loss per share attributable to nCino, Inc. $ (0.10) $ (0.03)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following potential outstanding common stock were excluded from the diluted loss per share computation because the effect would have been anti-dilutive: Three Months Ended April 30, 2023 2024 Stock options issued and outstanding 1,761,555 1,012,404 Nonvested RSUs issued and outstanding 3,103,071 7,054,446 Shares issuable pursuant to the ESPP 98,750 106,134

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details)	3 Months Ended
	Apr. 30, 2024
Accounts Receivable | Customer Concentration Risk | Customer One
Concentration Risk [Line Items]
Concentration risk, percentage	15%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Uncollectible Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 1,451	$ 899
Charged to (recovery of) bad debt expense	(131)	298
Write-offs and other	(220)	(157)
Translation adjustments	0	(3)
Balance, end of period	$ 1,100	$ 1,037

Variable Interest Entity and _3

Variable Interest Entity and Redeemable Non-Controlling Interest - Narrative (Details) - USD ($) $ in Millions	1 Months Ended
	Oct. 31, 2023	Oct. 31, 2019	Apr. 30, 2024
Schedule of Equity Method Investments [Line Items]
Investment by redeemable non-controlling interest	$ 1
nCino K.K
Schedule of Equity Method Investments [Line Items]
Payments to noncontrolling interests		$ 4.7
Consolidation, less than wholly owned subsidiary, parent ownership interest, changes, purchase of Interest by parent	$ 1
Estimated redeemable noncontrolling interest redemption value			$ 4.1
nCino K.K | nCino K.K
Schedule of Equity Method Investments [Line Items]
Ownership percentage by parent	51%	51%

Variable Interest Entity and _4

Variable Interest Entity and Redeemable Non-Controlling Interest - Financial Assets Measured At Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 3,428	$ 3,589
Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest)	(165)	(280)
Foreign currency translation	(7)	(10)
Adjustment attributable to redeemable non-controlling interest	844	(121)
Stock-based compensation expense	5	6
Ending balance	$ 4,105	$ 3,184

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurement, Recurring - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Level 1
Assets:
Time deposits (included in long-term prepaid expenses and other assets)	$ 357	$ 359
Total assets	31,387	39,008
Level 1 | Money Market Funds
Assets:
Money market accounts (included in cash and cash equivalents)	31,030	38,649
Level 2
Assets:
Time deposits (included in long-term prepaid expenses and other assets)	0	0
Total assets	0	0
Level 2 | Money Market Funds
Assets:
Money market accounts (included in cash and cash equivalents)	0	0
Level 3
Assets:
Time deposits (included in long-term prepaid expenses and other assets)	0	0
Total assets	0	0
Level 3 | Money Market Funds
Assets:
Money market accounts (included in cash and cash equivalents)	$ 0	$ 0

Revenues - Revenue By Geographi

Revenues - Revenue By Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 128,087	$ 113,672
United States
Disaggregation of Revenue [Line Items]
Total revenues	102,241	94,446
International
Disaggregation of Revenue [Line Items]
Total revenues	$ 25,846	$ 19,226

Revenues - Accounts Receivable

Revenues - Accounts Receivable Less Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Revenue from Contract with Customer [Abstract]
Trade accounts receivable	$ 68,564	$ 106,170
Unbilled accounts receivable	10,187	7,699
Allowance for doubtful accounts	(1,100)	(1,451)
Other accounts receivable	857	557
Total accounts receivable, net	$ 78,508	$ 112,975

Revenues - Narrative (Details)

Revenues - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 30, 2024 USD ($)
Disaggregation of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 78.9
Remaining performance obligation amount	$ 1,070
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation percentage	66%
Remaining performance obligation, expected timing of satisfaction	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation percentage	28%
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, expected timing of satisfaction	25 months
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, expected timing of satisfaction	48 months

Property and Equipment - Proper

Property and Equipment - Property and Equipment, net (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 104,081	$ 104,337
Less accumulated depreciation	(26,380)	(25,192)
Property and equipment, net	77,701	79,145
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	12,060	12,066
Computers and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,634	8,010
Buildings and land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	56,379	56,379
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	27,703	27,712
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 305	$ 170

Property and Equipment - Deprec

Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Property, Plant and Equipment [Line Items]
Total depreciation expense	$ 1,608	$ 2,026
Sales and marketing
Property, Plant and Equipment [Line Items]
Depreciation, nonproduction	342	439
Research and development
Property, Plant and Equipment [Line Items]
Depreciation, nonproduction	609	723
General and administrative
Property, Plant and Equipment [Line Items]
Depreciation, nonproduction	194	283
Subscription
Property, Plant and Equipment [Line Items]
Cost of subscription revenues	121	137
Professional services and other
Property, Plant and Equipment [Line Items]
Cost of subscription revenues	$ 342	$ 444

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Thousands			3 Months Ended
	Apr. 01, 2024	Mar. 20, 2024	Apr. 30, 2024
Nonvested RSUs issued and outstanding
Business Acquisition [Line Items]
Granted (in shares)			2,207,404
DocFox
Business Acquisition [Line Items]
Payments to acquire businesses, post combination expense		$ 2,000
Transaction costs		3,900
Cash consideration to members		74,300
Payments to Acquire Businesses, Options Settled		6,200
Payments to Acquire Businesses, Consideration Transferred		4,200
Total consideration		72,400
DocFox | General and administrative
Business Acquisition [Line Items]
Transaction costs		$ 2,000
DocFox | Nonvested RSUs issued and outstanding
Business Acquisition [Line Items]
Granted (in shares)		198,505
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, fair value		$ 6,100
Award vesting period		4 years
Integrated Lending Technologies, LLC
Business Acquisition [Line Items]
Transaction costs	$ 900
Total consideration	19,900
Business acquisition, goodwill, expected tax deductible amount	$ 11,000

Business Combinations - Summary

Business Combinations - Summary Of Net Assets Acquired (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Apr. 01, 2024	Mar. 20, 2024	Jan. 31, 2024
Business Acquisition [Line Items]
Goodwill	$ 907,513			$ 838,869
DocFox
Business Acquisition [Line Items]
Cash and cash equivalents			$ 1,400
Accounts receivable			1,898
Operating lease right-of-use assets			405
Other current and noncurrent assets			444
Intangible assets			24,600
Goodwill			57,430
Accounts payable, accrued expenses, and other liabilities, current and noncurrent			(3,495)
Deferred revenue, current and noncurrent			(3,505)
Operating lease liabilities, current and noncurrent			(405)
Deferred income taxes			(6,407)
Net assets acquired			$ 72,365
Integrated Lending Technologies, LLC
Business Acquisition [Line Items]
Cash and cash equivalents		$ 164
Accounts receivable		343
Intangible assets		8,660
Goodwill		11,009
Accounts payable, accrued expenses, and other liabilities, current and noncurrent		(240)
Net assets acquired		$ 19,936

Business Combinations - Compone

Business Combinations - Components of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 01, 2024	Mar. 20, 2024
DocFox
Business Acquisition [Line Items]
Fair Value		$ 24,600
DocFox | Trade name
Business Acquisition [Line Items]
Fair Value		$ 200
Useful Life		1 year
DocFox | Customer relationships
Business Acquisition [Line Items]
Fair Value		$ 16,400
Useful Life		10 years
DocFox | Developed technology
Business Acquisition [Line Items]
Fair Value		$ 8,000
Useful Life		5 years
Integrated Lending Technologies, LLC
Business Acquisition [Line Items]
Fair Value	$ 8,660
Integrated Lending Technologies, LLC | Trade name
Business Acquisition [Line Items]
Fair Value	$ 210
Useful Life	1 year
Integrated Lending Technologies, LLC | Customer relationships
Business Acquisition [Line Items]
Fair Value	$ 5,870
Useful Life	10 years
Integrated Lending Technologies, LLC | Developed technology
Business Acquisition [Line Items]
Fair Value	$ 2,580
Useful Life	5 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 838,869
Acquisitions	68,439
Translation adjustments	205
Goodwill, ending balance	$ 907,513

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 203,938	$ 190,715
Accumulated Amortization	(61,233)	(75,143)
Net Carrying Amount	142,705	115,572
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Amount	88,080	83,468
Accumulated Amortization	(36,160)	(38,010)
Net Carrying Amount	51,920	45,458
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Amount	114,076	91,704
Accumulated Amortization	(24,508)	(22,085)
Net Carrying Amount	89,568	69,619
Trademarks and trade name
Finite-Lived Intangible Assets [Line Items]
Gross Amount	413	14,624
Accumulated Amortization	(43)	(14,624)
Net Carrying Amount	370	0
Other
Finite-Lived Intangible Assets [Line Items]
Gross Amount	1,369	919
Accumulated Amortization	(522)	(424)
Net Carrying Amount	$ 847	$ 495

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Oct. 31, 2023	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets, writeoff	$ 20,600		$ 0
Intangible Assets, Amortization Period
Finite-Lived Intangible Assets [Line Items]
Amortization		$ 10,100

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Total amortization expense	$ 6,682	$ 7,105
Cost of subscription revenues
Finite-Lived Intangible Assets [Line Items]
Total amortization expense	4,118	4,251
Cost of professional services and other revenues
Finite-Lived Intangible Assets [Line Items]
Total amortization expense	82	82
Sales and marketing
Finite-Lived Intangible Assets [Line Items]
Total amortization expense	$ 2,482	$ 2,772

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Expected Future Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
2025 (remaining)	$ 22,034
2026	28,860
2027	27,593
2028	13,135
2029	13,035
Thereafter	38,048
Net Carrying Amount	$ 142,705	$ 115,572

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details)	3 Months Ended
	Apr. 30, 2024 $ / shares shares
Number of Shares
Outstanding, beginning of period (in shares) | shares	1,212,704
Granted (in shares) | shares	0
Expired or forfeited (in shares) | shares	(1,000)
Exercised (in shares) | shares	(199,300)
Outstanding, end of period (in shares) | shares	1,012,404
Exercisable, end of period (in shares) | shares	1,012,404
Fully vested or expected to vest, end of period (in shares) | shares	1,012,404
Weighted Average Exercise Price
Outstanding, beginning of period (in USD per share) | $ / shares	$ 7.14
Granted (in USD per share) | $ / shares	0
Expired or forfeited (in USD per share) | $ / shares	14.71
Exercised (in USD per share) | $ / shares	8.03
Outstanding, end of period (in USD per share) | $ / shares	6.96
Exercisable, end of period (in USD per share) | $ / shares	6.96
Fully vested or expected to vest, end of period (in USD per share) | $ / shares	$ 6.96

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Nonvested Restricted Stock Units Activity (Details) - Nonvested RSUs issued and outstanding	3 Months Ended
	Apr. 30, 2024 $ / shares shares
Number of Shares
Nonvested, beginning of period (in shares) | shares	5,626,125
Granted (in shares) | shares	2,207,404
Vested (in shares) | shares	(456,288)
Forfeited (in shares) | shares	(322,795)
Nonvested, end of period (in shares) | shares	7,054,446
Weighted Average Grant Date Fair Value
Nonvested, beginning of period (in USD per share) | $ / shares	$ 33.19
Granted (in USD per share) | $ / shares	34.30
Vested (in USD per share) | $ / shares	51.56
Forfeited (in USD per share) | $ / shares	35.94
Nonvested, end of period (in USD per share) | $ / shares	$ 32.23

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Nonvested RSUs issued and outstanding $ in Millions	3 Months Ended
	Apr. 30, 2024 USD ($)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Unrecognized compensation costs	$ 190.2
Unrecognized compensation costs period for recognition (in years)	3 years 29 days

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Valuation Assumptions (Details) - Shares issuable pursuant to the ESPP	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (in years)	6 months	6 months
Expected volatility	38.70%	61.86%
Expected dividends	0%	0%
Risk-free interest rate	5.24%	4.77%

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 16,205	$ 10,865
Cost of subscription revenues | Subscription
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	562	314
Cost of subscription revenues | Professional services and other
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	2,779	1,629
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	3,956	3,211
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	4,226	3,000
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 4,682	$ 2,711

Leases - Narrative (Details)

Leases - Narrative (Details)	Apr. 30, 2024
Lessee, Lease, Description [Line Items]
Operating lease, weighted average remaining lease term	6 years 2 months 4 days
Operating lease, weighted average discount rate, percent	6.70%
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	5 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Leases [Abstract]
Operating lease expense	$ 1,334	$ 1,305
Variable lease expense	623	461
Short-term lease expense	90	122
Total	$ 2,047	$ 1,888

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,087	$ 1,106
Operating right-of-use assets obtained in exchange for operating lease liabilities	705	132
Right-of-Use Asset And Operating Lease Liabilities Disposed Of	$ 1,947	$ 0

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Apr. 30, 2024	Jan. 31, 2024
Leases [Abstract]
2025 (remaining)	$ 3,260
2026	4,951
2027	3,218
2028	2,740
2029	1,688
Thereafter	6,343
Total lease liabilities	22,200
Less: imputed interest	(4,439)
Total lease obligations	17,761
Less: current obligations	(4,338)	$ (3,649)
Long-term lease obligations	$ 13,423	$ 16,423

Revolving Credit Facility (Deta

Revolving Credit Facility (Details) $ in Thousands	Mar. 17, 2024 USD ($) $ / ₫	Apr. 30, 2024 USD ($)	Jan. 31, 2024 USD ($)	Feb. 11, 2022 USD ($)
Line of Credit Facility [Line Items]
Financial covenants, required minimum cash				$ 5,000
Debt instrument, capital stock of foreign subsidiaries owned, percentage		65%
Revolving credit facility, noncurrent		$ 55,000	$ 0
Revolving Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Revolving credit facility, noncurrent			$ 0
Revolving credit facility, current portion		$ 55,000
Debt instrument, interest rate, stated percentage		7.36%
Line of credit, available borrowing capacity		$ 45,000
Revolving Credit Facility | Bank of America, NA | Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				50,000
Letter of Credit | Bank of America, NA | Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 7,500
Line of Credit
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000
Line of credit facility, unused capacity, commitment fee percentage | $ / ₫	0.30%
Line of Credit | Variable Rate, Case One
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.3125%
Line of Credit | Variable Rate, Case Two
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.3125%
Line of Credit | Minimum
Line of Credit Facility [Line Items]
Debt instrument, covenant, consolidated interest coverage ratio	3
Line of Credit | Maximum
Line of Credit Facility [Line Items]
Debt instrument, covenant, senior secured leverage ratio	2.50
Line of Credit | Federal Funds Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Line of Credit | Secured Overnight Financing Rate
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1%
Line of Credit | Base Rate | Minimum | Variable Rate, Case One
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0%
Line of Credit | Base Rate | Minimum | Variable Rate, Case Two
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	0%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2023 USD ($)	Apr. 30, 2024 plantiff	Apr. 28, 2022 USD ($)
Loss Contingencies [Line Items]
Finance lease, weighted average discount rate (in percent)		5.70%
Loss contingency, number of plaintiffs | plantiff		1
Litigation settlement, amount awarded to other party	$ 2.2
Live Oak Bancshares, Inc
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			$ 3.9
Apiture, Inc
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss			$ 0.8

Commitments and Contingencies_2

Commitments and Contingencies - Purchase Commitments and Future Minimum Lease Payments (Details) $ in Thousands	Apr. 30, 2024 USD ($)
Purchase commitments
2025 (remaining)	$ 56,082
2026	73,237
2027	71,785
2028	70,000
Total	271,104
Financing obligations - leased facility
2025 (remaining)	3,409
2026	4,644
2027	3,950
2028	0
Total	12,003
Residual financing obligations and assets	49,476
Less: amount representing interest	(7,684)
Financing obligations	$ 53,795

Related-Party Transactions (Det

Related-Party Transactions (Details) $ in Millions	Nov. 01, 2022 USD ($)
Related Party Transaction [Line Items]
Equity securities without readily determinable fair value, amount	$ 2.5
Zest AI
Related Party Transaction [Line Items]
Ownership percentage by parent	10%

Basic and Diluted Loss per Sh_3

Basic and Diluted Loss per Share - Components of Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Numerator
Net loss attributable to nCino, Inc.	$ (2,976)	$ (11,243)
Denominator
Weighted-average common shares outstanding, basic (in shares)	114,197,068	112,032,536
Weighted-average common shares outstanding, diluted (in shares)	114,197,068	112,032,536
Basic loss per share attributable to nCino, Inc. (in USD per share)	$ (0.03)	$ (0.10)
Diluted loss per share attributable to nCino, Inc. (in USD per share)	$ (0.03)	$ (0.10)

Basic and Diluted Loss per Sh_4

Basic and Diluted Loss per Share - Weighted Average Number of Shares Excluded From Computation of EPS (Details) - shares	3 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Stock options issued and outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount (in shares)	1,012,404	1,761,555
Nonvested RSUs issued and outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount (in shares)	7,054,446	3,103,071
Shares issuable pursuant to the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount (in shares)	106,134	98,750