Company: NCNO
Filing Date: 2025-12-03
Form Type: 10-Q
Source: 0001902733-25-000131
Chunk: 162

Company: nCino, Inc.
Filing Date: 2025-12-03
Form: 10-Q
Item: Part I, Item 8
Chunk 162
---
 60.0 Income (loss) from operations(0.5)7.7 (3.1)0.3 Non-operating income (expense):Interest income0.3 0.2 0.4 0.3 Interest expense(1.2)(2.8)(1.2)(3.0)Other income (expense), net0.3 0.1 — 3.8 Income (loss) before income taxes(1.1)5.2 (3.9)1.4 Income tax provision (benefit)1.9 (0.5)0.3 1.1 Net income (loss)(3.0)%5.7 %(4.2)%0.3 %

37

Comparison of the Three and Nine Months Ended October 31, 2024 and 2025

Revenues

Three Months Ended October 31,Nine Months Ended October 31,($ in thousands)2024202520242025Revenues:Subscription revenues$119,894 86.4 %$133,411 87.7 %$344,211 86.2 %$389,751 87.6 %Professional services and other revenues18,903 13.6 18,752 12.3 55,076 13.8 55,364 12.4 Total revenues$138,797 100.0 %$152,163 100.0 %$399,287 100.0 %$445,115 100.0 %

Subscription Revenues

Subscription revenues increased $13.5 million for the three months ended October 31, 2025 compared to the three months ended October 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, 48.0% was attributable to increased revenues from existing customers as customers expanded their use and adoption of our solutions, and 52.0% was attributable to initial revenues from customers who did not contribute to subscription revenues during the three months ended October 31, 2024. Subscription revenues were 87.7% of total revenues for the three months ended October 31, 2025 compared to 86.4% of total revenues for the three months ended October 31, 202