Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 91

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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.0 Net loss(8.4)%(9.2)%(5.1)%(2.7)%

37

Comparison of the Three and Six Months Ended July 31, 2024 and 2025

Revenues

Three Months Ended July 31,Six Months Ended July 31,($ in thousands)2024202520242025Revenues:Subscription revenues$113,911 86.0 %$130,752 87.9 %$224,317 86.1 %$256,340 87.5 %Professional services and other revenues18,492 14.0 18,063 12.1 36,173 13.9 36,612 12.5 Total revenues$132,403 100.0 %$148,815 100.0 %$260,490 100.0 %$292,952 100.0 %

Subscription Revenues

Subscription revenues increased $16.8 million for the three months ended July 31, 2025 compared to the three months ended July 31, 2024, primarily attributable to initial revenues from customers who did not contribute to subscription revenues during the prior period, and growth from existing customers within and across lines of business. Of the increase, 51.7% was attributable to increased revenues from existing customers as customers expanded their use and adoption of our solutions, and 48.3% was attributable to initial revenues from customers who did not contribute to subscription revenues during the three months ended July 31, 2024. Subscription revenues were 87.9% of total revenues for the three months ended July 31, 2025 compared to 86.0% of total revenues for the three months ended July 31, 2024, primarily due to growth in our installed base.

Subscription revenues increased $32.0 million for the six months ended July 31, 2025 compared to the six months ended July 31, 2024, primarily attributable to initial revenues from customers who did not contribute to subscription revenues during the prior period, and growth from existing customers within and across lines of business. Of the increase, 51.1% was attributable to increased revenues from existing customers as customers expanded their use and adoption of our solutions, and 48.9% was attributable to initial revenues from customers who did not contribute to subscription revenues during the six months ended July 31, 2024. Subscription revenues