nCino, Inc. (NCNO) SEC Filings & Earnings Calls
EquiReason read 12 nCino, Inc. SEC filings in the last 12 months. Latest: 10-Q on 2026-08-25 — nCino reported strong Q2 FY2027 results with revenue growth, margin expansion, and return to profitability..
Source: SEC EDGAR filings · figures as of 2026-07-31 · read by EquiReason
- Market cap
- 2.4B
- P/E TTM
- 74.7
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 25 Aug, in -60 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
25 Aug 202610-QnCino reported strong Q2 FY2027 results with revenue growth, margin expansion, and return to profitability.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q2-2027 | $161M | +8% y/y |
| Subscription Revenue · Q2-2027 | $143M | +10% y/y |
| Gross Profit · Q2-2027 | $101M | +14% y/y |
| Net Income (Loss) · Q2-2027 | $6M | |
| Operating Cash Flow · H1-2027 | $116M | +61% y/y |
| Remaining Performance Obligations (RPO) · 2026-07-31 | $1.40B | |
| Cash and Cash Equivalents · 2026-07-31 | $83M |
25 Aug 20268-K · 2.02, 8.01nCino announces new $100M stock repurchase authorization; Q2 FY27 results beat guidance with subscription revenue up 10% YoY, GAAP operating margin up 1500 bps, and free cash flow up 170%.open
Figures in the filing · each found in the filing text
| Total Revenues · Q2-2027 | $161M | +8% y/y |
| Subscription Revenues · Q2-2027 | $144M | +10% y/y |
| GAAP Operating Margin · Q2-2027 | 8.0% | |
| Non-GAAP Operating Margin · Q2-2027 | 25.0% | |
| Free Cash Flow · Q2-2027 | $34M | +170% y/y |
| Cash, cash equivalents, and restricted cash · 2026-07-31 | $84M | |
| GAAP Income (Loss) from Operations · Q2-2027 | $14M | -246% y/y |
| Non-GAAP Operating Income · Q2-2027 | $41M | +36% y/y |
| Annual Contract Value (ACV) at period end · FY2027 | $665M |
Guidance
Q3 FY27 total revenue $161.25M-$163.25M; FY27 total revenue $644M-$647M, subscription revenue $573.5M-$576.5M, non-GAAP operating income $171M-$174M, free cash flow $137M-$142M, ACV $662.5M-$667.5M
Guidance raised implicitly by beating prior guidance; Q3 and FY27 outlook reflects continued growth and margin expansion.
Risks flagged
Customer consolidation in financial services could reduce addressable market.
“Adverse changes in the financial services industry, including as a result of customer consolidation or bank failures.” · word for word
AI adoption risk: ability to successfully develop and drive customer acceptance of AI-driven solutions.
“Our ability to successfully develop, offer and drive customer acceptance of AI-driven solutions for the banking industry.” · word for word
Competitive pressure including pricing and migration to asset-based pricing model.
“Competitive factors, including pricing pressures and migration to asset-based pricing.” · word for word
27 May 202610-QTotal revenues $159M (+11% y/y); Subscription revenue $141M (+12% y/y); Professional services and other revenue $18M (-0% y/y)open
Figures in the filing · each found in the filing text
| Total revenues · Q1-2027 | $159M | +11% y/y |
| Subscription revenue · Q1-2027 | $141M | +12% y/y |
| Professional services and other revenue · Q1-2027 | $18M | -0% y/y |
| Gross profit · Q1-2027 | $101M | +17% y/y |
| Income from operations · Q1-2027 | $21M | |
| Net income attributable to nCino, Inc. · Q1-2027 | $14M | +145% y/y |
| Operating cash flow · Q1-2027 | $81M | +50% y/y |
| Remaining performance obligations · 2026-04-30 | $1.30B | |
| Deferred revenue · 2026-04-30 | $225M | |
| Cash and cash equivalents · 2026-04-30 | $103M |
Risks flagged
Foreign exchange risk
“Foreign currency translation loss of $3,026 for three months ended April 30, 2026.”
Concentration of credit risk
“No individual customer represented more than 10% of accounts receivable or total revenues.” · word for word
27 May 20268-K · 2.02Total revenues $159M (+11% y/y); Subscription revenues $141M (+12% y/y); GAAP operating margin 13; Guidance: FY27 total revenue guidance $642-646M, subscription $571.5-575.5M, non-GAAP operating income $166-171M, free cash flow $135-140M, Aearningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q1-2027 | $159M | +11% y/y |
| Subscription revenues · Q1-2027 | $141M | +12% y/y |
| GAAP operating margin · Q1-2027 | 13.0% | |
| Non-GAAP operating margin · Q1-2027 | 28.0% | |
| GAAP income from operations · Q1-2027 | $21M | |
| Non-GAAP operating income · Q1-2027 | $45M | +79% y/y |
| Free cash flow · Q1-2027 | $81M | +54% y/y |
| Cash, cash equivalents, and restricted cash · Q1-2027 | $103M | |
| Annual Contract Value (ACV) guidance · FY2027 | $665M |
Guidance
FY27 total revenue guidance $642-646M, subscription $571.5-575.5M, non-GAAP operating income $166-171M, free cash flow $135-140M, ACV $662.5-667.5M
nCino raised FY27 guidance across all metrics, reflecting strong demand for AI-powered banking platform and significant margin expansion.
Risks flagged
Share repurchase program reduces cash balance: $93.1M spent on buybacks in Q1, leaving $65M remaining. Combined with $262.8M drawn on credit facility, net cash position is negative.
“nCino repurchased approximately 6.1 million shares... totaling approximately $93.1 million... $262.8 million was outstanding under the Company's credit facility.” · word for word
8 May 2026DEF 14AnCino filed its proxy statement for the 2026 annual meeting, disclosing executive compensation, governance changes (declassified board, director removal with or without cause), and pay-for-performance metrics.open
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $595M | +10% y/y |
| Net income (loss) · FY2026 | $10M | |
| Total Gross Annual Contract Value · FY2026 | $86M | |
| Non-GAAP Rule of 40 · FY2026 | 31.9% |
Risks flagged
Stock price underperformance vs peer group
“Total Shareholder Return ($) 29.78 124.02 Peer Group Total Shareholder Return ($) (5) 124.02 146.33”
Insider ownership low
“All executive officers and directors as a group (11 persons) (12) 2,046,544 1.9 %” · word for word
31 Mar 20268-K · 1.01, 2.02, 7.01nCino reports Q4/FY2026 results exceeding all guidance; ACV $602.4M (+17% YoY), subscription revenue $133.4M (+7%), non-GAAP OI $34.7M (+42%). Announces $100M ASR and $200M term loan expansion.earningsopen
Figures in the filing · each found in the filing text
| Annual Contract Value (ACV) · FY2026 | $602M | +17% y/y |
| ACV Net Retention Rate · FY2026 | 112.0% | |
| Total Revenues · Q4-2026 | $150M | +6% y/y |
| Subscription Revenues · Q4-2026 | $133M | +7% y/y |
| Non-GAAP Operating Income · Q4-2026 | $35M | +42% y/y |
| Non-GAAP Net Income Attributable to nCino · Q4-2026 | $43M | +95% y/y |
| Non-GAAP Diluted EPS · Q4-2026 | $0.37 | +95% y/y |
| Cash, Cash Equivalents, and Restricted Cash · Q4-2026 | $89M | |
| Revolving Credit Facility Outstanding · Q4-2026 | $214M | |
| Total Revenues (Full Year) · FY2026 | $595M | +10% y/y |
Guidance
Exceeds all financial guidance metrics; record ACV bookings
nCino raised guidance by exceeding all financial metrics, with record ACV bookings, strong demand for AI capabilities, and margin expansion.
Risks flagged
Increased leverage from $200M term loan to fund buyback.
“nCino amended and expanded its existing credit facility to include a $200 million Term Loan A, the proceeds of which will be used to fund the ASR and reduce a portion of the outstanding balance on its revolving credit facility.” · word for word
31 Mar 202610-KRevenue $595M (+10% y/y); Net Income (Loss) Attributable to nCino $5M; Research and Development Spend $128Mopen
Figures in the filing · each found in the filing text
| Revenue · FY2026 | $595M | +10% y/y |
| Net Income (Loss) Attributable to nCino · FY2026 | $5M | |
| Research and Development Spend · FY2026 | $128M | |
| Advertising Expenses · FY2026 | $12M |
Risks flagged
AI Adoption Dependency
“Our growth strategy increasingly depends on the adoption and effective use of our AI capabilities by our customers, and if customer adoption rates or usage do not meet our expectations, our business, results of operations, and competitive position could be adversely affected.” · word for word
Revenue Growth Deceleration
“Our revenues increased from $476.5 million for fiscal 2024 to $540.7 million for fiscal 2025 and to $594.8 million for fiscal 2026 which represents a declining rate of growth year over year.” · word for word
Customer Concentration in Financial Services
“We derive most of our revenues from customers in the cloud-based financial services industry, and any downturn or consolidation or decrease in technology spend in the cloud-based financial services industry could adversely affect our business.” · word for word
Reliance on Salesforce Platform
“Fundamental elements of the nCino Platform are built on the Salesforce Platform and we rely on our agreement with Salesforce to provide this solution to our customers.” · word for word
3 Dec 202510-QnCino reported Q3 FY2026 results with revenue up 9.6% YoY, operating income turning positive, and net income swinging to $6.5M from a loss.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2026 | $152M | +10% y/y |
| Subscription revenue · Q3-2026 | $133M | +11% y/y |
| Gross profit · Q3-2026 | $94M | +10% y/y |
| Income (loss) from operations · Q3-2026 | $12M | |
| Net income (loss) attributable to nCino, Inc. · Q3-2026 | $7M | |
| Diluted earnings per share · Q3-2026 | $0.06 | |
| Remaining performance obligations · Q3-2026 | $1.20B | |
| Cash and cash equivalents · Q3-2026 | $88M | |
| Operating cash flow · 9M-2026 | $77M | +18% y/y |
Risks flagged
High leverage from debt and share repurchases
“Revolving credit facility, noncurrent $203,500 at October 31, 2025 compared to $166,000 at January 31, 2025.”
Integration risk from acquisitions
“Acquisition of business, net of cash acquired $50,263 for the nine months ended October 31, 2025.” · word for word
3 Dec 20258-K · 2.02, 5.02, 7.01Total revenues $152M (+10% y/y); Subscription revenues $133M (+11% y/y); GAAP operating margin 8earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2026 | $152M | +10% y/y |
| Subscription revenues · Q3-2026 | $133M | +11% y/y |
| GAAP operating margin · Q3-2026 | 8.0% | |
| Non-GAAP operating margin · Q3-2026 | 26.0% | |
| GAAP net income attributable to nCino · Q3-2026 | $7M | |
| Non-GAAP net income attributable to nCino · Q3-2026 | $36M | +49% y/y |
| Non-GAAP EPS (diluted) · Q3-2026 | $0.31 | +55% y/y |
| Cash, cash equivalents, and restricted cash · Q3-2026 | $88M |
nCino, Inc. — questions
- What did nCino, Inc. file recently?
- 12 SEC filings in the last 12 months. Latest: 10-Q on 2026-08-25 — nCino reported strong Q2 FY2027 results with revenue growth, margin expansion, and return to profitability.
Every figure on this page comes from nCino, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.