nCino Inc

Latest Results (22.11.2025):

nCino, Inc. reported results for the first quarter of fiscal 2026 (period ended April 30, 2025). Total revenue rose 13% year‑over‑year to $144.1 million, driven by a 14% increase in subscription revenue to $125.6 million. The company returned to GAAP profitability for the quarter and delivered modest non‑GAAP operating income growth, while continuing customer expansions, product rollouts and AI investments.

Revenue

Total revenues for Q1 FY2026 were $144.1M (up 13% vs. Q1 FY2025 $128.1M). Subscription revenues were $125.6M (up 14% vs. $110.4M a year ago), indicating continued recurring‑revenue growth.

Profitability

GAAP results improved materially: GAAP loss from operations narrowed to $(1.5)M (vs. $(3.7)M prior year) and GAAP net income attributable to nCino was $5.6M (Q1 FY2025: $(3.0)M). On a non‑GAAP basis, operating income was $24.8M (up 2% Y/Y) while non‑GAAP net income was $18.4M (down from $22.8M). GAAP EPS was $0.05; non‑GAAP diluted EPS was $0.16 (vs. $0.20 prior year).

Cash, Liquidity & Buyback

Cash, cash equivalents and restricted cash totaled $133.6M as of April 30, 2025. The company had $208.5M outstanding under its revolving credit facility and repurchased ~1.8M shares for $40.6M at an average price of $22.17 during the quarter.

Customers & Product Momentum

Business highlights include a multi‑solution expansion with a $25B AUM U.S. bank, completion of a top‑5 U.S. bank commercial rollout, selection by a regional Japanese bank for mortgage lending, and expansions tied to customer M&A. nCino hosted nSight 2025 (1,600+ attendees), rolled out AI product enhancements, and launched the nCino Research Institute.

Guidance

Q2 FY2026 guidance (ending July 31, 2025): total revenues $142.0M–$144.0M; subscription revenues $124.5M–$126.5M; non‑GAAP operating income $23.5M–$24.5M; non‑GAAP diluted EPS $0.13–$0.14. Full‑year FY2026 guidance: total revenues $578.5M–$582.5M; subscription revenues $507.0M–$511.0M; non‑GAAP operating income $112.0M–$116.0M; non‑GAAP diluted EPS $0.69–$0.72; ACV $564.0M–$567.0M.