Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 87

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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15,974 18,506 Total stock-based compensation expense$17,971 $18,251 $53,015 $52,681 

The Company recognized amortization expense for intangible assets as follows:

Three Months Ended October 31,Nine Months Ended October 31,($ in thousands)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 

Three Months Ended October 31,Nine Months Ended October 31,2024202520242025Revenues:Subscription revenues86.4 %87.7 %86.2 %87.6 %Professional services and other revenues13.6 12.3 13.8 12.4 Total revenues100.0 100.0 100.0 100.0 Cost of revenues (percentage shown in comparison to related revenues):Cost of subscription revenues28.2 28.1 28.7 28.6 Cost of professional services and other revenues105.7 112.3 108.8 118.0 Total cost of revenues38.7 38.4 39.8 39.7 Gross profit61.3 61.6 60.2 60.3 Operating expenses:Sales and marketing21.4 21.8 22.4 23.2 Research and development23.8 19.4 24.4 21.9 General and administrative16.6 12.7 16.5 14.9 Total operating expenses61.8 53.9 63.3 60.0 Income (loss) from operations(0.5)7.7 (3.1)0.3 Non-operating income (expense):Interest income0.3 0.2 0.4 0.3 Interest expense(1.2)(2.8)(1.2)(3.0)Other income (expense), net0.3 0.1 — 3.8 Income (loss) before income taxes(1.1)5