Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 139

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 follows:As of January 31, 2025As of October 31, 2025GrossAmountAccumulatedAmortizationNet CarryingAmountGrossAmountAccumulatedAmortizationNet CarryingAmountDeveloped technology$97,029 $(49,819)$47,210 $102,053 $(65,135)$36,918 Customer relationships139,315 (33,315)106,000 149,788 (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