Basic and Diluted Loss per Share

3 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Basic and Diluted Loss per Share

Basic and Diluted Loss per ShareBasic 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 three months ended April 30, 2021 and 2022 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):

	Three Months Ended April 30,
	2021		2022
Basic and diluted loss per share:
Numerator
Net loss attributable to nCino, Inc.	$	(15,008)	$	(30,688)
Denominator
Weighted-average common shares outstanding	94,402,265		109,998,637
Basic and diluted loss per share attributable to nCino, Inc.	$	(0.16)	$	(0.28)

The weighted-average number of shares outstanding used in the computation of diluted loss per share does not include the effect of the following potential outstanding common stock because the effect would have been anti-dilutive:

	Three Months Ended April 30,
	2021	2022
Stock options issued and outstanding	3,788,794	2,463,322
Nonvested RSUs issued and outstanding	2,526,767	4,071,125
Shares issuable pursuant to the ESPP	—	70,817