Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 65

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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000 149,788 (44,240)105,548 Trademarks and trade name1,461 (615)846 1,938 (1,830)108 Other1,369 (854)515 1,369 (1,102)267 $239,174 $(84,603)$154,571 $255,148 $(112,307)$142,841 The Company recognized amortization expense for intangible assets as follows:Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Cost of subscription revenues$4,404 $5,111 $12,926 $15,301 Cost of professional services and other revenues82 — 247 165 Sales and marketing2,871 4,040 8,215 12,115 Total amortization expense$7,357 $9,151 $21,388 $27,581 

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Table of ContentsnCino, Inc.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(In thousands, except share and per share amounts and unless otherwise indicated)

The expected future amortization expense for intangible assets as of October 31, 2025 is as follows:Fiscal 2026 (remaining three months)$8,850 Fiscal 202733,968 Fiscal 202819,501 Fiscal 202919,401 Fiscal 203017,085 Thereafter44,036 $142,841 The expected amortization expense is an estimate, actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets, and other events.

Note 8. Stockholders’ Equity

Stock Repurchase ProgramIn March 2025, our Board of Directors authorized a stock repurchase program of up to $100.0 million of our outstanding common stock (the “Stock Repurchase Program”). The Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transaction, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization