Company: NCNO
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001902733-25-000076
Chunk: 43

Company: nCino, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Sales and marketing2,482 4,032 Total amortization expense$6,682 $9,189 

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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 April 30, 2025 is as follows:Fiscal Year Ending January 31,2026 (remaining)$27,216 202733,994 202819,528 202919,428 203017,104 Thereafter44,046 $161,316 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

Share Repurchase ProgramIn March 2025, our Board of Directors authorized a stock repurchase program of up to $100.0 million of our outstanding common stock. The Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transaction, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company's discretion, subject to general market conditions, as well as the Company's management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of our Board of Directors.The following table summarizes the share repurchase activity under the Company's share repurchase program (in thousands, except share and per share data):Three Months Ended April 30,20242025Total number of shares repurchased— 1,829,113 Average price per share(1)$— $22.17 Aggregate purchase price(1)$— $40,551 (1) Excludes transaction costs and excise tax associated with the rep