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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- United Kingdom
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $463.3M | $424.4M | $387.2M |
| United Kingdom | $72.8M | $56.5M | $41.9M |
| Other | $58.8M | $59.7M | $47.4M |
As the company reported it, from the “Segment Information - Schedule of Revenues by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $138.2M | $204.3M | $273.9M | $408.3M | $476.5M | $540.7M | $594.8M |
| Gross profit | — | $74.1M | $116.2M | $162.5M | $238.7M | $285.1M | $324.8M | $360.2M |
| Net income | — | -$27.6M | -$40.5M | -$50.1M | -$101.8M | -$43.5M | -$33.0M | $9.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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