---
schema_version: "secwatch.filing_event.v1"
accession: "0001902733-25-000070"
form_type: "8-K"
ticker: "NCNO"
cik: "0001902733"
company_name: "nCino, Inc."
filed_at: "2025-05-27T23:59:59+00:00"
generated_at: "2026-05-20T11:31:39.302496+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001902733-25-000070
- form_type: 8-K
- ticker: NCNO
- cik: 0001902733
- company_name: nCino, Inc.
- filed_at: 2025-05-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/0001902733-25-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/ncno-20250527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001902733-25-000070
- JSON: https://secwatch.observer/filing/0001902733-25-000070.json
- Plain text: https://secwatch.observer/filing/0001902733-25-000070.txt

## Key facts
- Restructurings & Charges
  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%)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273325000070/0001902733-25-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.