Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 116

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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Interest income605 417 Interest expense(1,477)(4,450)Other income (expense), net(744)16,097 Net income (loss) before income taxes(5,279)10,551 Income tax provision (benefit)(2,982)4,534 Net income (loss)(2,297)6,017 Net income (loss) attributable to redeemable non-controlling interest(165)76 Adjustment attributable to redeemable non-controlling interest844 379 Net income (loss) attributable to nCino, Inc.$(2,976)$5,562 

1Includes the operating results of DocFox, ILT, FullCircl and Sandbox Banking from the DocFox Acquisition Date, the ILT Acquisition Date, FullCircl Acquisition Date and the Sandbox Acquisition Date, respectively, see Note 6 "Business Combinations" of the notes to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional information.

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The Company recognized stock-based compensation expense as follows:

Three Months Ended April 30,($ in thousands)20242025Cost of subscription revenues$562 $664 Cost of professional services and other revenues2,779 2,754 Sales and marketing3,956 2,928 Research and development4,226 4,115 General and administrative4,682 5,353 Total stock-based compensation expense$16,205 $15,814 

The Company recognized amortization expense for intangible assets as follows:

Three Months Ended April 30,($ in thousands)20242025Cost of subscription revenues$4,118 $5,075 Cost of professional services and other revenues82 82 Sales and marketing2,482 4,032 Total amortization expense$6,682 $9,189 

Three Months Ended April 30,20242025Revenues:Subscription revenues86.2 %87.1 %Professional services and other revenues13.8 12.9 Total revenues100.0 100.0 Cost of revenues (percentage shown in comparison to related revenues):Cost of subscription revenues28.8 28.8 Cost of professional services and other revenues109.7 116.3 Total cost of revenues40.0 40.0 Gross profit60.0 60.0 Operating expenses:Sales and marketing21.9