nCino, Inc. (NCNO) Form 10-Q — Aug 25, 2026

$NCNOForm 10-QFiled Aug 25, 2026, 4:51 PM ET0001902733-26-000101Original filing

nCino's fiscal Q2 2027 10-Q shows total revenue of $161.0 million, up 8.2% year over year, with subscription revenue of $143.5 million, up 9.7%. The company swung to GAAP net income of $5.1 million ($0.05 per share) from a $15.3 million loss a year earlier, and earned $18.7 million in the first six months of fiscal 2027. The profitability inflection came from cost discipline: operating expenses fell to 54.1% of revenue, lifting operating margin to 8.5% from negative 6.2%, following a completed restructuring that cut roughly 7% of the workforce. Operating cash flow reached $115.6 million for the six months, and remaining performance obligations stand at $1.4 billion.

Key figures

Eps: $0.05 basic and diluted (Q2 FY2027); $0.18 six months, vs. $(0.13) and $(0.08) a year ago
Revenue: $161.0 million (three months ended July 31, 2026); $320.4 million six months
Net Income: $5.1 million attributable to nCino, Inc. (Q2) vs. $(15.3) million loss year-ago; $18.7 million six months
Total Debt: $275.4 million net of issuance costs as of July 31, 2026
Revenue Yoy: +8.2% (Q2); +9.4% (six months)
Total Assets: $1.57 billion as of July 31, 2026
Cash Position: $83.3 million as of July 31, 2026
Shares Outstanding: 105736174
Asr: $100.0 million ASR with Wells Fargo Bank, N.A.; final settlement June 2, 2026 at $16.57 VWAP
Term loan: $200.0 million incremental senior secured term loan (March 30, 2026), matures October 28, 2029, quarterly principal payments of $2.5 million
Gross margin q2: 62.6% vs. 59.2% year-ago
Operating margin q2: 8.5% vs. (6.2)% year-ago
Subscription revenue q2: $143.5 million, +9.7% YoY
Applicable interest rate: 5.64%
International revenue pct: 22.6% of Q2 revenue
New buyback authorization: $100.0 million authorized August 2026 (subsequent event)
Revolver capacity available: $171.4 million as of July 31, 2026
Shares repurchased six months: 10,828,574 shares for $175.0 million at avg $16.16
Operating cash flow six months: $115.6 million vs. $72.1 million year-ago
Remaining performance obligations: $1.4 billion as of July 31, 2026

Price after filing

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