nCino, Inc. PP&E Disclosure
| Asset Classification | Estimated Useful Life | |||||||
| Furniture and fixtures | 3-7 years | |||||||
| Computers and equipment | 3 years | |||||||
| Buildings | 40 years | |||||||
| Leasehold improvements | Shorter of remaining life of the lease term or estimated useful life | |||||||
| As of January 31, | |||||||||||
| 2024 | 2025 | ||||||||||
| Furniture and fixtures | $ | 12,066 | $ | 11,712 | |||||||
| Computers and equipment | 8,010 | 7,193 | |||||||||
| Buildings and land | 56,379 | 56,379 | |||||||||
| Leasehold improvements | 27,712 | 28,046 | |||||||||
| Construction in progress | 170 | 627 | |||||||||
| 104,337 | 103,957 | ||||||||||
| Less accumulated depreciation | (25,192) | (29,004) | |||||||||
| $ | 79,145 | $ | 74,953 | ||||||||
| Fiscal Year Ended January 31, | |||||||||||||||||
| 2023 | 2024 | 2025 | |||||||||||||||
| Cost of subscription revenues | $ | 399 | $ | 567 | $ | 480 | |||||||||||
| Cost of professional services and other revenues | 1,301 | 1,775 | 1,313 | ||||||||||||||
| Sales and marketing | 1,452 | 1,734 | 1,291 | ||||||||||||||
| Research and development | 2,435 | 2,819 | 2,399 | ||||||||||||||
| General and administrative | 865 | 1,143 | 769 | ||||||||||||||
| Total depreciation expense | $ | 6,452 | $ | 8,038 | $ | 6,252 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 1, 2025 | Showing above |
| 2024 | Mar 26, 2024 | |
| 2023 | Mar 28, 2023 | |
| 2022 | Mar 31, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.