Company: NCNO
Filing Date: 2025-08-26
Form Type: 10-Q
Source: 0001902733-25-000106
Chunk: 69

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 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 July 31, 2025 is as follows:Fiscal Year Ending January 31,2026 (remaining)$17,979 202733,967 202819,500 202919,400 203017,081 Thereafter43,993 $151,920 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 $100.0 million of our outstanding common stock. The Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transaction, or by other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company's discretion, subject to general market conditions, as well as the Company's management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of our Board of Directors.The following table summarizes the share repurchase activity under the Company's share repurchase program (in thousands, except share and per share data):Three Months Ended July 31,Six Months Ended July 31,2024202520242025Total number of shares repurchased— 743,669 — 2,572,782 Average price per share(1)$— $26.89 $— $23.53 Aggregate purchase price(1)$— $19,995 $— $60,546 (1) Excludes transaction costs and excise tax associated with the repurchases, if any.All repurchases