v3.26.1
Segment Information
 3 Months Ended
Apr. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information on a consolidated basis. The Company brings together people and data to enable financial institutions to enhance strategic decision-making, risk management, and customer satisfaction through the selection of intelligent solutions provided by the nCino Platform. As such, the Company has one operating and reportable segment. The CODM uses consolidated net income in deciding how to make operating decisions, allocate resources, and assess performance, including whether to reinvest profits into the segment or other parts of the entity, such as for acquisitions.
The following table presents selected financial information that is provided to our CODM:

Three Months Ended April 30,
20252026
Revenues$144,137 $159,414 
Less:
Adjusted cost of revenues(1)
49,120 50,084 
Adjusted sales and marketing expense(2)
25,676 26,884 
Adjusted research and development expense(3)
29,136 25,438 
Adjusted general and administrative expense(4)
15,375 12,497 
Interest income(417)(366)
Interest expense4,450 4,481 
Other (income) expense, net(5)
(16,097)333 
Other segment items(6)
26,343 23,392 
Income tax provision
4,534 1,680 
Net income
$6,017 $14,991 
(1) Cost of revenue, net in the consolidated statements of operations, adjusted to exclude amortization of intangible assets, stock-based compensation expense, and restructuring and related charges, if any.
(2) Sales and marketing expense, net in the consolidated statements of operations, adjusted to exclude amortization of intangible assets, stock-based compensation expense, transaction-related expenses, and restructuring and related charges, if any.
(3) Research and development expense, net in the consolidated statements of operations, adjusted to exclude stock-based compensation expense, transaction-related expenses, and restructuring and related charges, if any.
(4) General and administrative expense, net in the consolidated statements of operations, adjusted to exclude stock-based compensation expense, transaction-related expenses, certain litigation expenses, and restructuring and related charges, if any.
(5) Beginning in the first quarter of fiscal 2027, other (income) expense, net in the consolidated statements of operations, adjusted to not exclude intercompany foreign currency exchange gains or losses from the remeasurement of intercompany loans and transactions that are denominated in currencies other than the underlying functional currency of the applicable entity. Prior period amounts were recast to conform to the current presentation.
(6) Other segment items are the adjustments described in the notes above.
Revenues by geographic region were as follows:
Three Months Ended April 30,
20252026
United States$112,550 $123,007 
United Kingdom17,923 17,892 
Other13,664 18,515 
$144,137 $159,414 
Revenues by geography are determined based on the region of the Company’s contracting entity, which may be different from the region of the customer. For the three months ended April 30, 2025 and 2026, only the United Kingdom, in addition to the United States, represented 10% or more of total revenues for the periods presented.
Long-lived assets, which consist of property and equipment, net and operating lease right-of-use (“ROU”) assets, net by geographic region were as follows:
As of January 31, 2026As of April 30,
2026
United States$70,013 $69,186 
United Kingdom16,587 15,956 
Other1,694 1,528 
$88,294 $86,670