nCino, Inc.
26.84-0.27 (-0.98%)
Oct 28, 4:00:00 PM EDT · NasdaqGS · NCNO · USD
Key Stats
Market Cap
3.11BP/E (TTM)
-Basic EPS (TTM)
-0.29Dividend Yield
0%Recent Filings
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.
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.
8-K
nCino declassifies board
nCino stockholders approved declassifying the board on June 18, 2025, shifting to annual director elections after strong support—97.7% in favor—while electing Sean Desmond and Justin Nyweide to Class II seats. Ernst & Young LLP's auditor role was ratified, and executive pay got advisory thumbs-up. This governance tweak boosts accountability, yet keeps the board steady amid high turnout of 92% eligible shares.
10-Q
Q1 FY2026 results
nCino swung to a $5.6M net profit in Q1 FY2026 ended April 30, 2025, up from a $3.0M loss a year earlier, as revenues climbed 12.5% y/y to $144.1M on 13.8% subscription growth to $125.6M, while professional services edged up 4.9% to $18.5M; gross margin held steady at 60.0%, but operating loss narrowed to $1.5M from $3.7M amid higher amortization from acquisitions. Key drivers included 53% of subscription gains from new customers and 47% from existing ones expanding across lines, with international revenues surging 22.2% y/y to $31.6M (22% of total). Cash from operations stayed robust at $54.3M, funding a $50.3M Sandbox Banking buyout that added $53.8M goodwill and $13.4M intangibles (amortized over 1-10 years) plus $40.6M in share repurchases; quarter-end cash hit $133.2M, revolver debt rose to $208.5M (6.32% rate, $41.5M available, covenants met). Yet competition in fintech onboarding tools lingers as a balanced risk.
8-K
nCino Q1 revenues up 13%
nCino reported Q1 fiscal 2026 results on May 28, 2025, with total revenues hitting $144.1 million, up 13% year-over-year, and subscription revenues at $125.6 million, rising 14%. GAAP operating loss narrowed to $1.5 million from $3.7 million, while non-GAAP operating income edged up 2% to $24.8 million; the company repurchased $40.6 million in shares. Strong execution shines. Guidance projects fiscal 2026 revenues between $578.5 million and $582.5 million, but economic volatility poses risks.
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