nCino, Inc. NCNO
As employees at financial institutions ("FIs") do their daily work and serve their clients, they often face inefficiencies from disparate systems, broken workflows, manual processes, and the inability to utilize their data effectively. This negatively impacts risk management, decision making, and the experiences of bankers and their clients. FIs need a unified platform that helps them reengineer every experience, from managing complex credit portfolios to streamlining account onboarding and loan origination.
nCino helps FIs of all sizes optimize their operations by embedding banking intelligence directly into the tools FI employees already use. nCino's data foundation, which was developed from the workflows, decisions, and outcomes of financial institutions, enables our platform to deliver artificial intelligence ("AI")-driven capabilities across our solutions. With the nCino Platform, FIs can:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $594.8M | $540.7M | $476.5M | $408.3M | $273.9M | $204.3M | $138.2M | — |
| Cost of revenue | $234.6M | $215.9M | $191.5M | $169.6M | $111.4M | $88.1M | $64.1M | — |
| Gross profit | $360.2M | $324.8M | $285.1M | $238.7M | $162.5M | $116.2M | $74.1M | — |
| R&D | $127.5M | $129.4M | $117.3M | $121.6M | $79.4M | $58.3M | $35.3M | — |
| SG&A | $92.4M | $90.3M | $76.7M | $83.5M | $71.5M | $40.8M | $22.5M | — |
| Total operating expenses | $356.4M | $342.9M | $324.6M | $332.7M | $233.8M | $158.8M | $102.3M | — |
| Operating income | $3.7M | -$18.1M | -$39.5M | -$94.0M | -$71.4M | -$42.6M | -$28.2M | — |
| Interest expense | $17.5M | $8.8M | $4.1M | $2.8M | $1.5M | $130.0K | $0 | — |
| Pre-tax income | $6.7M | -$35.6M | -$41.9M | -$97.8M | -$74.0M | -$40.7M | -$27.1M | — |
| Income tax | $3.0M | $2.5M | $1.6M | $4.1M | $23.8M | $586.0K | $586.0K | — |
| Net income | $9.7M | -$33.0M | -$43.5M | -$101.8M | -$50.1M | -$40.5M | -$27.6M | — |
| EPS, basic | 0.05 | -0.33 | -0.38 | -0.93 | -0.51 | -0.46 | -0.35 | — |
| EPS, diluted | 0.05 | -0.33 | -0.38 | -0.93 | -0.51 | -0.46 | -0.35 | — |
| Shares, diluted (wtd. avg.) | $114.3M | $115.2M | $112.7M | $110.6M | $96.7M | $87.7M | $78.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $88.4M | $120.9M | $112.1M | $87.4M | $88.4M | $371.4M | $91.2M | $74.3M |
| Receivables | $166.5M | $146.8M | $113.0M | $99.5M | $74.5M | $55.5M | — | — |
| Total current assets | $293.5M | $302.2M | $250.8M | $207.2M | $183.5M | $442.2M | — | — |
| Property, plant and equipment | $75.6M | $75.0M | $79.1M | $84.4M | $60.7M | $29.9M | — | — |
| Goodwill | $1.08B | $1.02B | $838.9M | $839.4M | $841.5M | $57.1M | $55.8M | — |
| Other intangibles | $135.7M | $154.6M | $115.6M | $152.8M | $180.1M | $23.1M | — | — |
| Total assets | $1.65B | $1.61B | $1.34B | $1.33B | $1.30B | $563.4M | — | — |
| Accounts payable | $14.5M | $13.6M | $11.8M | $11.9M | $11.4M | $1.6M | — | — |
| Total current liabilities | $294.5M | $251.5M | $215.0M | $205.2M | $174.4M | $115.7M | — | — |
| Total liabilities | $579.5M | $512.8M | $287.8M | $299.6M | $230.5M | $134.4M | — | — |
| Retained earnings | -$375.8M | -$385.3M | -$352.8M | -$310.3M | -$209.6M | -$161.1M | — | — |
| Total equity | $1.06B | $1.09B | $1.05B | $1.02B | $1.07B | $425.2M | $167.3M | $66.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $90.1M | $55.2M | $57.3M | -$15.4M | -$19.2M | $9.2M | -$9.0M | — |
| Depreciation and amortisation | $42.3M | $36.3M | $45.3M | $34.7M | $10.0M | $7.4M | $4.6M | — |
| Stock-based compensation | $73.9M | $71.6M | $58.0M | $50.2M | $28.5M | $25.2M | $5.7M | — |
| Capital expenditure | $7.5M | $1.8M | $3.5M | $18.3M | $5.5M | $4.3M | $5.8M | — |
| Investing cash flow | -$54.1M | -$219.2M | -$6.3M | -$20.7M | -$278.5M | -$4.3M | -$58.0M | — |
| Financing cash flow | -$73.0M | $170.5M | -$21.1M | $36.7M | $15.9M | $274.1M | $84.1M | — |
| Buybacks | $125.1M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-214613.
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