Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 107

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part II, Item 1A
Chunk 107
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Item 1A. Risk Factors    

There are no material changes to the risk factors in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2025 filed with the SEC on April 1, 2025 under the heading “Risk Factors.” You should consider and read carefully these risks, as well as other information included in this Quarterly Report on Form 10-Q, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our unaudited condensed consolidated financial statements and related notes before making an investment decision with respect to our common stock. Those risks are not the only ones we face. The occurrence of any of those risks or additional risks and uncertainties not presently known to us or that we currently believe to be immaterial could materially and adversely affect our business, financial condition, and results of operation. In such case, the trading price of our common stock could decline, and you may lose all or part of your investment.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Sales of Unregistered Securities

None.

47

Table of Contents

Issuer Purchases of Equity Securities

The following table summarizes the stock repurchase activity for the three months ended October 31, 2025 (in thousands, except share and per share data):

Total Number of Shares Purchased (1)Average Price Paid per Share (2)Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)Approximate Dollar Value that May Yet Be Purchased Under the Plans or Programs (1)August 1, 2025 to August 31, 2025— $— — $39,454 September 1, 2025 to September 30, 2025853,025 29.29 853,025 14,465 October 1, 2025 to October 31, 2025570,676 25.35 570,676 — Total1,423,701 1,423,701 

(1) In March 2025, our Board of Directors authorized, and on April 1, 2025, the Company publicly announced, a stock repurchase program of up to $100.0 million of our outstanding common stock. As of October 31, 2025, we had no shares remaining authorized for repurchase.

(2) The average price per share excludes transaction costs and excise tax