NCNO
nCino, Inc.24.63
+0.11+0.45%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.85BP/E (TTM)
-Basic EPS (TTM)
-0.19Dividend Yield
0%Recent Filings
8-K
nCino authorizes $100M buyback
nCino's board authorized a $100 million stock repurchase program on December 8, 2025, after exhausting its prior buyback. CEO Sean Desmond cited strong execution and business confidence as drivers for returning capital to shareholders via open market or other compliant means. No fixed timeline binds repurchases. Funding draws from cash, credit, or flows.
8-K
Q3 beats, AI board adds
nCino posted Q3 FY2026 revenues of $152.2M, up 10% year-over-year, with subscription revenues at $133.4M (up 11%) and GAAP operating margin hitting 8%. Board expanded to nine directors on December 1, 2025, appointing AI experts Andy Yasutake and Diego Dugatkin after Jeff Horing's amicable exit. New blood bolsters tech edge. Pierre Naudé shifts to non-employee Chairman February 1, 2026.
10-Q
Q3 FY2026 results
nCino swung to $152.2M revenue in Q3 FY2026 ended October 31, 2025, up 9.6% y/y, with subscriptions climbing 11.3% y/y to $133.4M on existing customer expansion and new wins; gross margin held steady at 61.6%. Operating income flipped to $11.7M profit from a $0.8M loss, while diluted EPS hit $0.06 (reconciles to 115.8M shares). Cash fell to $87.6M amid $100M stock buyback completion, offset by $77.1M operating cash flow (YTD); revolver drew to $203.5M (6.16% rate) with $46.5M available, covenant compliant. Sandbox closed February 2025 for $53.5M cash plus $8.1M contingent (up to $10M), adding $53.8M goodwill. Restructuring trimmed headcount 7%. Competition from legacy systems lingers.
8-K
nCino Q2 revenues up 12%
nCino reported Q2 fiscal 2026 results on August 26, 2025, with total revenues hitting $148.8 million, up 12% year-over-year, and subscription revenues climbing 15% to $130.8 million. Non-GAAP operating income surged 56% to $30.0 million, fueled by strengthening customer demand and expansions with major banks in the U.S., Canada, UK, and Spain. The company raised its full-year guidance, targeting total revenues of $585.0 million to $589.0 million. Yet economic headwinds loom large.
10-Q
Q2 FY2026 results
nCino's Q2 FY2026 revenues climbed 12.4% y/y to $148.8M, with subscription revenue up 14.8% y/y to $130.8M, fueled by expansions in existing accounts and new customer wins, while international sales grew to 22.5% of total. Gross profit held steady at 59.2%, but operating loss widened to $9.3M from $7.9M y/y amid $10.1M in restructuring charges from a 7% workforce cut aimed at efficiency. Net loss reached $15.3M, or $(0.13) per diluted share, versus $11.0M y/y, with the gap to operating loss tied to higher interest expense on debt. Cash from operations hit $72.1M YTD, up from $59.4M, supporting $50.3M for the Sandbox Banking acquisition in February 2025 (recognizing $53.8M goodwill and $13.4M finite-lived intangibles amortized over 5-10 years) and $60.5M in share repurchases; quarter-end cash stood at $122.9M with $203.5M drawn on the $250M revolver (6.33% rate, $46.5M available). Non-GAAP operating income rose to $30.0M from $19.3M y/y, as defined and reconciled in the filing. Competition from legacy systems lingers as a key risk.
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