nCino (NASDAQ:NCNO) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

nCino (NASDAQ:NCNO) released its quarterly earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16, Briefing.com reports. nCino had a positive return on equity of 2.28% and a negative net margin of 3.71%.During the same quarter in the prior year, the company posted $0.12 earnings per share. nCino’s revenue for the quarter was up 5.9% compared to the same quarter last year.

Here are the key takeaways from nCino’s conference call:

• nCino beat fiscal 2026 guidance across key metrics, reporting ACV of $602.4M (+17% YoY), fiscal revenues of $594.8M (+10% YoY), materially higher non‑GAAP operating income and free cash flow ($82.6M, +55%), and launched a $100M accelerated share repurchase funded partly by a $200M term‑loan expansion.
• Adoption of nCino’s AI strategy is accelerating — ~170 customers purchased intelligence units, Banking Advisor usage rose >25x from October to March, and ~38% of ACV has moved to the new platform pricing, helping ACV net retention climb to 112% (109% organic).
• Global sales momentum strengthened with the best U.S. enterprise quarter in four years, record international gross bookings, a marquee EMEA net‑new win, and a large Japanese bank signing for commercial lending, plus mortgage expansions at top‑40 banks demonstrating cross‑sell traction.
• Fiscal 2027 guidance is conservative but constructive — total revenues of $639M–$643M (≈8% growth), subscription revenues $569M–$573M (≈9%), and free cash flow guidance of $132M–$137M (up ~63%), while management flags mortgage assumptions and that AI monetization upside is not fully baked into subscription guidance.
• Near‑term risks include reliance on timing and sizing of multi‑seven‑figure deals (which are hard to predict), subscription revenue not yet fully capturing rising intelligence‑unit consumption, and potential expense volatility from new self‑insured medical benefits.

nCino Price Performance

NCNO stock traded up $0.56 during mid-day trading on Tuesday, hitting $14.98. The company had a trading volume of 5,375,071 shares, compared to its average volume of 2,270,281. The company has a 50-day moving average price of $17.48 and a 200 day moving average price of $22.91. nCino has a 12-month low of $13.80 and a 12-month high of $33.92. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -83.22, a P/E/G ratio of 2.76 and a beta of 0.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.24.

nCino announced that its Board of Directors has initiated a share buyback program on Monday, December 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 3.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, insider April Rieger sold 8,078 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $150,897.04. Following the completion of the transaction, the insider owned 221,696 shares in the company, valued at $4,141,281.28. This trade represents a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pierre Naude sold 24,273 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total value of $453,419.64. Following the sale, the director directly owned 1,166,823 shares in the company, valued at $21,796,253.64. This represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,803 shares of company stock valued at $1,345,743 in the last quarter. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On nCino

Several large investors have recently bought and sold shares of the company. Invesco Ltd. increased its stake in nCino by 13.6% during the 4th quarter. Invesco Ltd. now owns 168,339 shares of the company’s stock worth $4,316,000 after buying an additional 20,102 shares during the period. XTX Topco Ltd boosted its position in nCino by 68.1% in the 4th quarter. XTX Topco Ltd now owns 82,508 shares of the company’s stock valued at $2,116,000 after buying an additional 33,418 shares during the period. Voloridge Investment Management LLC grew its stake in shares of nCino by 92.6% in the fourth quarter. Voloridge Investment Management LLC now owns 474,970 shares of the company’s stock worth $12,178,000 after acquiring an additional 228,301 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of nCino by 2.9% in the fourth quarter. Wellington Management Group LLP now owns 1,402,586 shares of the company’s stock worth $35,962,000 after acquiring an additional 39,196 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its position in shares of nCino by 35.4% during the fourth quarter. Spyglass Capital Management LLC now owns 2,909,880 shares of the company’s stock worth $74,609,000 after acquiring an additional 760,790 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BTIG Research initiated coverage on nCino in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Piper Sandler reduced their target price on nCino from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of nCino in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of nCino in a report on Tuesday, December 9th. Finally, Zacks Research downgraded nCino from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, nCino has a consensus rating of “Moderate Buy” and an average price target of $29.47.

nCino Company Profile

nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences.

Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems.