nCino, Inc. (NCNO): restructuring charge — 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.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

nCino, Inc. announced a restructuring with charges of approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges (approximately seven percent (7%)).

Type: restructuring
Charge: approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges
Headcount: approximately seven percent (7%)

Exact text from the filing

substantially completed by the end of the second quarter of the Company’s fiscal 2026. The Company expects to incur charges in the second quarter of fiscal 2026 of approximately $7.5 to $9.0 million, inclusive of $1.0 million of estimated non-cash charges, primarily for asset disposals in connection with the Plan. Cash payments consisting of severance and

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nCino, Inc. filing history →

Source: SEC EDGAR

accession 0001902733-25-000070

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