Basic net income per share is computed by dividing net income attributable to nCino, Inc. by the weighted-average number of common shares outstanding for the fiscal period, net of treasury stock. Diluted net income 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. There is no difference between the basic and diluted net income (loss) per share when there is a net loss because inclusion of potentially issuable shares would be anti-dilutive.


	Three Months Ended April 30,
	2025		2026
Basic net income per share:
Numerator
Net income attributable to nCino, Inc.	$	5,562	$	13,641
Denominator
Weighted-average common shares outstanding, basic	114,781,654		108,502,547
Basic net income per share attributable to nCino, Inc.	$	0.05	$	0.13


	Three Months Ended April 30,
	2025		2026
Diluted net income per share:
Numerator
Net income attributable to nCino, Inc.	$	5,562	$	13,641
Denominator
Weighted-average common shares outstanding, basic	114,781,654		108,502,547
Effect of diluted stock options, unvested RSUs, and shares of common stock issuable under the ESPP	1,797,194		955,925
Weighted-average common shares outstanding, diluted	116,578,848		109,458,472
Diluted net income per share attributable to nCino, Inc.	$	0.05	$	0.12

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


	Three Months Ended April 30,
	2025	2026
Stock options issued and outstanding	—	11,382
Nonvested RSUs issued and outstanding	2,408,572	4,459,940
Shares issuable pursuant to the ESPP	—	170,645