nCino, Inc.NCNO

nCino, Inc. Earnings Per Share Disclosure

10-KFiled Apr 1, 20252 min read
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 fiscal years ended January 31, 2023, 2024, and 2025 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):
Fiscal Year Ended January 31,
202320242025
Basic and diluted loss per share:
Numerator
Net loss attributable to nCino, Inc.$(102,720)$(42,346)$(37,878)
Denominator
Weighted-average common shares outstanding110,615,734 112,672,397 115,162,175 
Basic and diluted loss per share attributable to nCino, Inc.$(0.93)$(0.38)$(0.33)
The following potential outstanding common stock were excluded from the diluted loss per share computation because the effect would have been anti-dilutive:
Fiscal Year Ended January 31,
202320242025
Stock options issued and outstanding2,009,323 1,212,704 811,602 
Nonvested RSUs issued and outstanding3,531,387 5,626,125 6,105,459 
Shares issuable pursuant to the ESPP21,079 105,227 106,440 

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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