Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 68

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 68
---
, customer relationships and trade name and customer attrition rate for customer relationships.Goodwill is primarily attributable to expanded market opportunities, synergies expected from the acquisition, and assembled workforce. The goodwill is not expected to be deductible for tax. The financial results of Sandbox Banking since the Sandbox Acquisition Date are included in the Company's unaudited condensed consolidated financial statements and are not material to the Company. The Company has not disclosed pro-forma revenue and earnings attributable to Sandbox Banking as they did not have a material effect on the Company’s consolidated financial statements.

Note 7. Goodwill and Intangible Assets

GoodwillThe change in the carrying amounts of goodwill was as follows:Balance, January 31, 2025$1,019,375 Acquisitions53,830 Measurement period adjustments(10,413)Translation adjustments8,155 Balance, July 31, 2025$1,070,947 Intangible assetsIntangible assets, net are as follows:As of January 31, 2025As of July 31, 2025GrossAmountAccumulatedAmortizationNet CarryingAmountGrossAmountAccumulatedAmortizationNet CarryingAmountDeveloped technology$97,029 $(49,819)$47,210 $102,115 $(60,041)$42,074 Customer relationships139,315 (33,315)106,000 149,656 (40,591)109,065 Trademarks and trade name1,461 (615)846 1,935 (1,448)487 Other1,369 (854)515 1,369 (1,075)294 $239,174 $(84,603)$154,571 $255,075 $(103,155)$151,920 The Company recognized amortization expense for intangible assets as follows:Three Months Ended July 31,Six Months Ended July 31,2024202520242025Cost of subscription revenues$4,404 $5,115 $8,522 $10,190 Cost of professional services and other revenues83 83 165 165 Sales and marketing2,862 4,043 5,344 8,075 Total amortization expense$7,349 $9,241 $14,031 $18,430 

21

Table of ContentsnCino, Inc.NOTES