nCino, Inc.

Listed Company

NCNOCIK 0001902733NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$594.78M

Net Income

$5.18M

Total Assets

$1.65B

Equity

$1.06B

Shares Out

114.53M

Op. Cash Flow

$90.06M

Business

nCino, Inc. provides a cloud-based banking platform that enables financial institutions to consolidate vendors, optimize operations, and integrate AI and data-driven insights to enhance decision-making, risk management, and customer experiences. Its primary offerings include digital onboarding, deposit account opening, loan origination for commercial, consumer, small business and mortgage lending, portfolio management, analytics, and implementation and support services. The company organizes its business around solution lines for commercial, consumer, small business and mortgage banking, complemented by a partner and systems integrator ecosystem and R&D product development. nCino serves financial institutions globally across North America, EMEA and APAC through direct sales, strategic consulting partners, and an integrated technology partner network.

Summary from filing dated 2025-04-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Total revenues	595	541	477	408	274
Total cost of revenues	235	216	191	170	111
Gross profit	360	325	285	239	162
Sales and marketing	137	123	131	128	83
Research and development	128	129	117	122	79
General and administrative	92	90	77	83	72
Total operating expenses	356	343	325	333	234
Income (loss) from operations	4	−18	−40	−94	−71
Interest income	1	2	3	403,000	194,000
Interest expense	−17	−9	−4	−3	—
Other income (expense), net	19	−10	−856,000	−1	−1
Income (loss) before income taxes	7	−36	−42	−98	−74
Income tax provision (benefit)	−3	−3	2	4	−24
Net income (loss)	10	−33	−44	−102	−50
Net income (loss) attributable to redeemable non-controlling interest (Note 2)	141,000	−472,000	−1	−1	−2
Adjustment attributable to redeemable non-controlling interest (Note 2)	4	5	−71,000	2	894,000
Net income (loss) attributable to nCino, Inc.	5	−38	−42	−103	−49
Basic (in USD per share)	0.05	−0.33	−0.38	−0.93	−0.51
Diluted (in USD per share)	0.05	−0.33	−0.38	−0.93	−0.51
Basic (in shares)	113	115	113	111	97
Diluted (in shares)	114	115	113	111	97

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents (VIE: $2,254 and $3,421 at January 31, 2025 and 2026, respectively)	88	121	112	82	88
Accounts receivable, less allowances of $1,229 and $2,825 at January 31, 2025 and 2026, respectively	167	147	113	99	75
Costs capitalized to obtain revenue contracts, current portion, net	17	13	11	9	8
Prepaid expenses and other current assets	21	21	15	16	13
Total current assets	294	302	251	207	184
Property and equipment, net	76	75	79	84	61
Operating lease right-of-use assets, net	13	16	19	11	13
Costs capitalized to obtain revenue contracts, noncurrent, net	31	24	17	18	16
Goodwill	1,078	1,019	839	839	841
Intangible assets, net	136	155	116	153	180
Investments (related party $2,500 and $0 at January 31, 2025 and 2026, respectively)	7	9	9	7	4
Long-term prepaid expenses and other assets	15	10	10	8	—
Total assets	1,648	1,610	1,340	1,327	1,301
Accounts payable	15	14	12	12	11
Accrued expenses and other current liabilities	64	40	11	11	15
Deferred revenue	211	191	171	155	123
Financing obligations, current portion	818,000	2	1	1	621,000
Operating lease liabilities, current portion	4	5	4	4	4
Total current liabilities	294	252	215	205	174
Operating lease liabilities, noncurrent	10	13	16	7	11
Deferred income taxes, noncurrent	7	14	4	3	2
Deferred revenue, noncurrent	170,000	269,000	0	0	44,000
Revolving credit facility, noncurrent	214	166	0	30	0
Financing obligations, noncurrent	50	51	53	54	33
Other long-term liabilities	4	17	0	—	—
Total liabilities	579	513	288	300	231
Commitments and contingencies (Note 13)	—	—	—	—	—
Redeemable non-controlling interest (Note 2)	13	8	3	4	3
Preferred stock, $0.001 par value; 10,000,000 shares authorized, and none issued and outstanding as of January 31, 2025 and 2026	0	0	0	0	0
Common stock, $0.0005 par value; 500,000,000 shares authorized as of January 31, 2025 and 2026; 115,996,852 and 118,868,921 shares issued; 115,996,852 and 113,904,867 outstanding as of January 31, 2025 and 2026, respectively	59,000	58,000	57,000	56,000	55,000
Treasury stock, at cost; 0 and 4,964,054 shares at January 31, 2025 and January 31, 2026, respectively	−126	0	—	—	—
Additional paid-in capital	1,550	1,474	1,401	1,334	1,277
Accumulated other comprehensive income	7	176,000	996,000	694,000	−72,000
Accumulated deficit	−376	−385	−353	−310	−210
Total stockholders equity	1,056	1,089	1,049	1,024	1,068
Total liabilities, redeemable non-controlling interest, and stockholders equity	1,648	1,610	1,340	1,327	1,301

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income (loss) attributable to redeemable non-controlling interest	5	5	−1	876,000	−675,000
Depreciation and amortization	42	36	45	35	10
Non-cash operating lease costs	4	5	5	4	3
Amortization of costs capitalized to obtain revenue contracts	15	12	10	8	6
Amortization of debt issuance costs	287,000	131,000	184,000	177,000	0
Stock-based compensation	74	72	58	50	28
Change in fair value of contingent consideration	2	0	0	—	—
Deferred income taxes	−6	−7	−2	2	—
Provision for bad debt	2	85,000	1	806,000	90,000
Net foreign currency (gains) losses	−16	9	670,000	2	2
Gains on investments	−2	0	−263,000	0	0
Loss on disposal of long-lived assets	463,000	35,000	150,000	0	0
Accounts receivable	−16	−31	−14	−27	−14
Costs capitalized to obtain revenue contracts	−25	−21	−10	−12	−11
Prepaid expenses and other assets	182,000	−7	2	−3	−3
Accounts payable	1	−190,000	525,000	35,000	9
Accrued expenses and other current liabilities	−2	10	−6	−1	7
Deferred revenue	11	14	16	34	24
Operating lease liabilities	−4	−4	−4	−5	−3
Other long-term liabilities	582,000	1	0	0	—
Net cash provided by operating activities	90	55	57	−15	−19
Acquisition of business, net of cash acquired	−50	−217	0	676,000	−269
Acquisition of assets	0	−450,000	−356,000	−563,000	0
Purchases of property and equipment	−8	−2	−4	−18	−5
Proceeds from sale of property and equipment	0	0	43,000	0	0
Purchase of investments	0	0	−3	−3	−4
Sale of investment	4	0	0	—	—
Net cash used in investing activities	−54	−219	−6	−21	−278
Investment from redeemable non-controlling interest	0	0	983,000	0	0
Repurchases of common stock	−125	0	0	—	—
Proceeds from borrowings on revolving credit facility	113	241	0	50	0
Payments on revolving credit facility	−65	−75	−30	−20	0
Payments of debt issuance costs	0	−1	0	−367,000	0
Exercise of stock options	2	3	4	4	14
Stock issuance under the employee stock purchase plan	4	4	5	4	3
Principal payments on financing obligations	−2	−1	−1	−1	−318,000
Net cash provided by (used in) financing activities	−73	170	−21	37	16
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	4	−3	182,000	−2	−1
Net increase (decrease) in cash, cash equivalents, and restricted cash	−33	4	30	−981,000	−283
Cash paid for interest	16	9	4	3	2
Fair value of contingent consideration in connection with business acquisition in accrued expenses and other current liabilities	8	0	0	—	0
Measurement period adjustment relating to business acquisitions	10	0	0	1	0
Noncash consideration for settlement of preexisting contract	1	0	0	—	—
Accrued purchase price related to acquisitions	0	13	0	356,000	54,000
Excise tax on repurchases of common stock	503,000	0	0	—	—

Filings

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