nCino, Inc. (NCNO)
nCino, Inc. operates as a software-as-a-service (SaaS) provider, delivering cloud-based applications to financial organizations both within the United States and internationally. Its core product, the nCino Bank Operating System, is a multi-tenant cloud platform. This system is engineered to digitalize, automate, and streamline complex operational processes and workflows. By harnessing data analytics, artificial intelligence, and machine learning (AI/ML), it empowers banks and credit unions to efficiently manage new client onboarding, originate and oversee the complete loan lifecycle, facilitate the opening of various accounts (including deposits), and ensure regulatory adherence. Another key offering is nCino IQ, an application suite that utilizes data analytics and AI/ML to provide customers with both automation and valuable operational insights. This includes tools for assessing, quantifying, and managing credit risk, alongside enhancing their capabilities to meet regulatory obligations. The company also provides SimpleNexus, a suite of products designed to allow various participants—such as loan officers, prospective borrowers, real estate agents, and settlement agents—to engage with the homeownership process from any internet-connected device. nCino caters to a broad range of financial institution clients, including global corporations, large enterprise banks, regional and community banks, credit unions, emerging market entrants, and independent mortgage banks. Its solutions are distributed via a specialized sales team, which includes business development representatives, account executives, field sales engineers, and customer success managers. Founded in 2011, nCino, Inc. is headquartered in Wilmington, North Carolina.
Sector: Services-Prepackaged Software
Industry: Software - Application
nCino, Inc.
NASDAQ:NCNOTechnology · Software - Application
-2.33%$22.67
CLOSED · Nov 6Prev close$23.21-2.33%Close$22.670.00%AH close$22.67
AH$22.67+0.00%vs close
Mkt Cap$2.4B
Float94.28M
O/S105.74M
VOL1.59M sh
$ Vol$35.92M
RVOL0.88×
Inst Own-
Dilution
Financials Summary
Revenue$594.78M
Net Income$5.18M
Total Assets$1.65B
Free Cash Flow$82.56M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$278.69M
Total Equity$1.06B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NCNO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.65B
Liabilities$579.45M
Accounts Receivable$166.54M
Accounts Payable$14.52M
Inventory$0
PP&E (Net)$88.29M
Goodwill$1.08B
Intangible Assets$135.66M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 |
| Revenue | $594.78M | $540.66M | $476.54M | $408.31M | $273.87M | $204.29M | $138.18M | $91.53M | $58.14M |
| YoY Growth | 10.0% | 13.5% | 16.7% | 49.1% | 34.1% | 47.8% | 51.0% | 57.4% | - |
| Cost of Revenue | $234.61M | $215.87M | $191.47M | $169.61M | $111.41M | $88.14M | $64.07M | $46.45M | $30.47M |
| Gross Profit | $360.17M | $324.79M | $285.07M | $238.71M | $162.45M | $116.16M | $74.11M | $45.08M | $27.67M |
| Gross Margin | 60.6% | 60.1% | 59.8% | 58.5% | 59.3% | 56.9% | 53.6% | 49.3% | 47.6% |
| Research and Development | $127.53M | $129.42M | $117.31M | $121.58M | $79.36M | $58.26M | $35.3M | $22.23M | $16.56M |
| Selling, General, and Administrative | $228.91M | $213.5M | $207.27M | $211.15M | $154.45M | $100.5M | $66.98M | $46.07M | $29.89M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $33K | -$89K | -$24K |
| Total Operating Expenses | $356.44M | $342.92M | $324.58M | $332.72M | $233.81M | $158.77M | $102.28M | $68.3M | $46.45M |
| Operating Income (EBIT) | $3.73M | -$18.13M | -$39.51M | -$94.01M | -$71.36M | -$42.61M | -$28.17M | -$23.22M | -$18.77M |
| Operating Margin | 0.6% | -3.4% | -8.3% | -23.0% | -26.1% | -20.9% | -20.4% | -25.4% | -32.3% |
| Interest Expense | $17.46M | $8.76M | $4.13M | $2.81M | $1.51M | $130K | $0 | $0 | $0 |
| Interest Income | $1.43M | $1.76M | $2.57M | $403K | $194K | $361K | $988K | $1.19M | $260K |
| Other Income (Expense) | $2.98M | -$17.43M | -$2.42M | -$3.76M | -$2.6M | $1.92M | $1.02M | $1.1M | $236K |
| Income Before Tax (EBT) | $6.71M | -$35.56M | -$41.94M | -$97.77M | -$73.95M | -$40.68M | -$27.15M | -$22.11M | -$18.54M |
| Income Tax Expense | $1.53M | -$2.51M | $1.59M | $4.07M | -$23.83M | $586K | $586K | $194K | $50K |
| Net Income | $5.18M | -$37.88M | -$42.35M | -$102.72M | -$49.45M | -$40.54M | -$27.59M | -$22.31M | -$18.59M |
| Net Income Margin | 0.9% | -7.0% | -8.9% | -25.2% | -18.1% | -19.8% | -20.0% | -24.4% | -32.0% |
| Supplementary Data | |||||||||
| EPS | 0.05 | -0.33 | -0.38 | -0.93 | -0.51 | -0.46 | -0.31 | -0.25 | -0.21 |
| Diluted EPS | 0.05 | -0.33 | -0.38 | -0.93 | -0.51 | -0.46 | -0.31 | -0.25 | -0.21 |
| Weighted Average OS | 112.88M | 115.16M | 112.67M | 110.62M | 96.72M | 87.68M | 89.64M | 89.64M | 89.64M |
| EBITDA | $66.42M | $9.55M | $7.46M | -$56.47M | -$59.9M | -$33.12M | -$22.54M | -$20.65M | -$17.8M |
| EBITDA Margin | 11.2% | 1.8% | 1.6% | -13.8% | -21.9% | -16.2% | -16.3% | -22.6% | -30.6% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $88.37M | $120.93M | $112.08M | $82.04M | $88.01M | $371.43M | $91.18M | $74.35M | $80.68M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $88.37M | $120.93M | $112.08M | $82.04M | $88.01M | $371.43M | $91.18M | $74.35M | $80.68M |
| Accounts Receivable | $166.54M | $146.79M | $112.97M | $99.5M | $74.53M | $55.52M | $43.41M | $29.83M | $24.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $38.59M | $34.53M | $25.71M | $25.66M | $7.58M | $4.86M | $3.61M | $0 | $4.03M |
| Total Current Assets | $293.5M | $302.25M | $250.78M | $207.19M | $183.51M | $442.23M | $145.28M | $109.17M | $109.01M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $88.29M | $90.98M | $98.41M | $94.95M | $73.85M | $29.94M | $13.48M | $10.41M | $3.79M |
| Goodwill | $1.08B | $1.02B | $838.87M | $839.44M | $841.49M | $57.15M | $55.84M | $0 | $0 |
| Intangible Assets | $135.66M | $154.57M | $115.57M | $152.82M | $180.12M | $23.14M | $26.09M | $0 | $0 |
| Long-Term Investments | $7.26M | $9.29M | $9.29M | $6.53M | $4.03M | $9.82M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $1.68M | $368K | $0 | $0 | $0 |
| Other Long-Term Assets | $45.44M | $33.91M | $27.51M | $26.33M | $16.34M | $750K | $9.46M | $393K | $174K |
| Total Long-Term Assets | $1.35B | $1.31B | $1.09B | $1.12B | $1.12B | $121.17M | $104.87M | $10.8M | $3.96M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.65B | $1.61B | $1.34B | $1.33B | $1.3B | $563.4M | $250.15M | $119.97M | $112.97M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $14.52M | $13.64M | $11.84M | $11.88M | $11.37M | $6M | $4.67M | $3.44M | $2.29M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $210.55M | $191.17M | $170.94M | $154.87M | $122.64M | $89.14M | $58.94M | $41.11M | $28.43M |
| Other Current Liabilities | $48.8M | $23.63M | $16.28M | $22.62M | $14.74M | $16.09M | $183K | $0 | $4.22M |
| Total Current Liabilities | $294.49M | $251.51M | $215.04M | $205.16M | $174.38M | $115.69M | $76.58M | $52.41M | $34.94M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $213.5M | $166M | $0 | $30M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $170K | $269K | $0 | $0 | $44K | $2.8M | $0 | $1.52M | $17K |
| Long-Term Deferred Tax Liabilities | $7.02M | $13.85M | $3.69M | $0 | $1.68M | $0 | $194K | $0 | $0 |
| Other Long-Term Liabilities | $4.12M | $17.16M | $0 | $2.8M | $9.74M | $0 | $1.75M | $0 | $0 |
| Total Long-Term Liabilities | $284.96M | $261.27M | $72.79M | $94.44M | $56.13M | $18.74M | $1.95M | $1.52M | $17K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $579.45M | $512.78M | $287.83M | $299.6M | $230.51M | $134.43M | $78.52M | $53.93M | $34.95M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $59K | $58K | $57K | $56K | $55K | $47K | $41K | $38K | $36K |
| Retained Earnings | -$375.77M | -$385.33M | -$352.76M | -$310.34M | -$209.62M | -$161.06M | -$120.92M | -$104.75M | -$82.45M |
| Comprehensive Income & Other | $7.04M | $176K | $996K | $694K | -$72K | $240K | -$408K | -$21K | $6K |
| Other Stockholders' Equity | $1.43B | $1.47B | $1.4B | $1.33B | $1.28B | $586.2M | $288.16M | $170.75M | $160.42M |
| Total Equity | $1.06B | $1.09B | $1.05B | $1.02B | $1.07B | $425.18M | $167.27M | $66.04M | $78.01M |
| Minority Interest | $12.74M | $8.29M | $3.43M | $3.59M | $2.88M | $3.79M | $4.36M | $0 | $0 |
| Total Liabilities and Equity | $1.64B | $1.6B | $1.34B | $1.32B | $1.3B | $559.61M | $245.79M | $119.97M | $112.97M |
| Supplementary Data | |||||||||
| Total Debt | $278.69M | $236.82M | $74.23M | $96.54M | $48.84M | $16.26M | $0 | $0 | $0 |
| Net Debt | $190.32M | $115.9M | -$37.86M | $14.5M | -$39.17M | -$355.16M | -$91.18M | -$74.35M | -$80.68M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 | 2018-01-31 |
| Operating Activities | |||||||||
| Net Income | $5.18M | -$37.88M | -$42.35M | -$102.72M | -$49.45M | -$40.54M | -$27.59M | -$22.31M | -$18.59M |
| Depreciation & Amortization | $42.26M | $36.34M | $45.26M | $38.49M | $12.54M | $7.43M | $4.61M | $1.46M | $970K |
| Deferred Income Tax | -$6.19M | -$7.12M | -$2.34M | $1.63M | -$24.28M | $168K | $195K | $0 | $0 |
| Stock-Based Compensation | $73.88M | $0 | $0 | $0 | $0 | $0 | $0 | $4.09M | $3.83M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$16.18M | -$31.39M | -$14.32M | -$26.8M | -$13.51M | -$11.41M | -$14.16M | -$5.66M | -$12.43M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.11M | -$190K | $525K | $35K | $4.43M | $8.04M | $3.47M | $4.7M | $1.92M |
| Other Working Capital | -$19.71M | -$6.88M | -$2.64M | $11.88M | $15.5M | $17.96M | $15.74M | $13.01M | $8.67M |
| Total Working Capital Change | -$34.78M | -$38.46M | -$16.44M | -$14.88M | $6.43M | $14.59M | $5.05M | $12.06M | -$1.84M |
| Other Non-Cash Items | $9.71M | $102.31M | $73.14M | $62.1M | $35.53M | $27.57M | $8.74M | $103K | -$329K |
| Net Cash from Operating | $90.06M | $55.2M | $57.28M | -$15.38M | -$19.23M | $9.22M | -$9M | -$4.59M | -$15.96M |
| Investing Activities | |||||||||
| Capital Expenditures | -$7.5M | -$2.27M | -$3.87M | -$18.9M | -$5.46M | -$4.34M | -$5.76M | -$7.96M | -$2.84M |
| Acquisitions | -$50.26M | -$216.91M | $1.03M | $676K | -$268.99M | $0 | -$47.75M | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$2.5M | -$2.5M | -$4.03M | $0 | $0 | $0 | $0 |
| Sales of Investments | $3.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$54.08M | -$219.18M | -$5.34M | -$20.73M | -$278.49M | -$4.34M | -$53.51M | -$7.96M | -$2.84M |
| Financing Activities | |||||||||
| Debt Repaid | -$47.5M | -$163.21M | $31.23M | -$28.51M | $318K | $37K | - | - | - |
| Common Stock Issuance | $6.2M | $7.26M | $9.13M | $8.2M | $16.24M | $274.36M | $80.99M | $6.26M | $70.14M |
| Common Stock Repurchases | -$125.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.63M | $0 | $0 | $0 | $0 | -$197K | -$1.41M | $0 | $0 |
| Net Cash from Financing | -$73.03M | $170.48M | -$22.1M | $36.71M | $15.92M | $274.12M | $79.58M | $6.26M | $70.14M |
| Forex Effect | $4.46M | $2.34M | $205K | -$6.58M | -$1.62M | $1.24M | -$229K | -$35K | $29.33M |
| Net Change in Cash | -$32.58M | $8.84M | $30.05M | -$5.98M | -$283.41M | $280.24M | $16.84M | -$6.33M | $80.68M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $90.06M | $55.2M | $57.28M | -$15.38M | -$19.23M | $9.22M | -$9M | -$4.59M | -$15.96M |
| Capital Expenditure | -$7.5M | -$2.27M | -$3.87M | -$18.9M | -$5.46M | -$4.34M | -$5.76M | -$7.96M | -$2.84M |
| Free Cash Flow | $82.56M | $52.93M | $53.41M | -$34.28M | -$24.69M | $4.88M | -$14.76M | -$12.55M | -$18.8M |
| Cash at Beginning | $121.27M | $112.08M | $82.04M | $88.01M | $371.43M | $91.18M | $74.35M | $80.68M | $0 |
| Cash at End | $88.69M | $120.93M | $112.08M | $82.04M | $88.01M | $371.43M | $91.18M | $74.35M | $80.68M |