Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 83

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 31, 2025, $39.5 million remained available for future repurchases under the share repurchase program. See Note 8 "Stockholders' Equity" of the notes to our unaudited condensed consolidated financial statements included in Part I, Item I of this Quarterly Report on Form 10-Q for more information.

We funded the purchase of Sandbox Banking and our share repurchases primarily through borrowings under our credit facility.

On May 27, 2025, we announced the “Restructuring Plan” in furtherance of our efforts to improve operational efficiencies. We incurred charges in the second quarter of our fiscal 2026 of $10.1 million in connection with the Restructuring Plan. See Note 15 "Restructuring" 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.

For the three months ended July 31, 2024 and 2025, our total revenues were $132.4 million and $148.8 million, respectively, representing a 12.4% increase. For the three months ended July 31, 2024 and 2025, our subscription revenues were $113.9 million and $130.8 million, respectively, representing a 14.8% increase. We recorded net loss attributable to nCino, Inc. of $15.3 million for the three months ended July 31, 2025, compared to a net loss attributable to nCino, Inc. of $11.0 million for the three months ended July 31, 2024. For the six months ended July 31, 2024 and 2025, our total revenues were $260.5 million and $293.0 million, respectively, representing a 12.5% increase. For the six months ended July 31, 2024 and 2025, our subscription revenues were $224.3 million and $256.3 million, respectively, representing a 14.3% increase. We recorded net loss attributable to nCino, Inc. of $9.7 million for the six months ended July 31, 2025, compared to a net loss attributable to nCino, Inc. of $14.0 million for the six months ended July 31, 2024. Our total subscription revenues include an aggregate of $5.5 million from FullCircl and Sandbox Banking for the three months ended July