Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 158

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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 of this Quarterly Report on Form 10-Q for additional information.

36

The Company recognized stock-based compensation expense as follows:

Three Months Ended July 31,Six Months Ended July 31,($ in thousands)2024202520242025Cost of subscription revenues$793 $830 $1,355 $1,494 Cost of professional services and other revenues2,980 3,315 5,759 6,069 Sales and marketing4,184 3,746 8,140 6,674 Research and development5,286 3,685 9,512 7,800 General and administrative5,596 7,040 10,278 12,393 Total stock-based compensation expense$18,839 $18,616 $35,044 $34,430 

The Company recognized amortization expense for intangible assets as follows:

Three Months Ended July 31,Six Months Ended July 31,($ in thousands)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 

Three Months Ended July 31,Six Months Ended July 31,2024202520242025Revenues:Subscription revenues86.0 %87.9 %86.1 %87.5 %Professional services and other revenues14.0 12.1 13.9 12.5 Total revenues100.0 100.0 100.0 100.0 Cost of revenues (percentage shown in comparison to related revenues):Cost of subscription revenues29.3 29.1 29.0 28.9 Cost of professional services and other revenues111.2 125.7 110.5 120.9 Total cost of revenues40.7 40.8 40.4 40.4 Gross profit59.3 59.2 59.6 59.6 Operating expenses:Sales and marketing24.0 25.0 22.9 24.0 Research and development25.9 23.3 24.7 23.