nCino announces ~7% workforce reduction, expects $7.5-9M in charges

nCino, Inc.

Workforce reduction of ~7% and office space reductions announced on May 27, 2025.
Expects $7.5-9.0M in charges in Q2 FY2026, including $1.0M non-cash asset disposal charges.
Cash payments for severance, benefits, and lease exit fees to be substantially complete in Q2 FY2026.
Company will exclude these charges from non-GAAP financial measures.

item 2.05

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