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

Company: nCino, Inc.
Filing Date: 2025-08-26
Form: 10-Q
Item: Part I, Item 2
Chunk 10
---
 31,Six Months Ended July 31,($ in thousands)2024202520242025Cost of subscription revenues$4,404 $5,115 $8,522 $10,190 Cost of professional services and other revenues83 83 165 165 Sales and marketing2,862 4,043 5,344 8,075 Total amortization expense$7,349 $9,241 $14,031 $18,430 

Three Months Ended July 31,Six Months Ended July 31,2024202520242025Revenues:Subscription revenues86.0 %87.9 %86.1 %87.5 %Professional services and other revenues14.0 12.1 13.9 12.5 Total revenues100.0 100.0 100.0 100.0 Cost of revenues (percentage shown in comparison to related revenues):Cost of subscription revenues29.3 29.1 29.0 28.9 Cost of professional services and other revenues111.2 125.7 110.5 120.9 Total cost of revenues40.7 40.8 40.4 40.4 Gross profit59.3 59.2 59.6 59.6 Operating expenses:Sales and marketing24.0 25.0 22.9 24.0 Research and development25.9 23.3 24.7 23.2 General and administrative15.4 17.1 16.5 16.1 Total operating expenses65.3 65.4 64.1 63.3 Loss from operations(6.0)(6.2)(4.5)(3.7)Non-operating income (expense):Interest income0.2 0.3 0.4 0.3 Interest expense(1.4)(3.0)(1.3)(3.0)Other income (expense), net0.1 0.5 (0.2)5.7 Loss before income taxes(7.1)(8.4)(5.6)(0.7)Income tax provision (benefit)1.3 0.8 (0.5)2.0 Net loss(8.4)%(9.2)%(5.1)%(2.