A Business at a Glance
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As employees at financial institutions do their daily work and serve their clients, they often face inefficiencies due to disparate systems, broken workflows, manual processes, and the inability to harness and utilize data effectively. This negatively impacts risk management, decision making and the experiences of bankers and their clients. To solve the problem, FIs need technology that helps them reengineer every experience, intelligently and with agility as market needs shift, and a partner with the experience to help advise on best practices. nCino's trusted platform enables FIs to consolidate vendors while optimizing operations by integrating AI and actionable insights to cohesively bring together people and data and thereby enhance strategic decision-making, risk management, and customer satisfaction.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 586M | 541M | 477M | 408M | 274M | 204M |
| Net Income | -22M | -38M | -42M | -103M | -49M | -41M |
| EPS | $-0.19 | $-0.33 | $-0.38 | $-0.93 | $-0.51 | $-0.46 |
| Free Cash Flow | 60M | 53M | 54M | -34M | -25M | 4.9M |
| ROIC | -0.4% | -3.3% | -3.8% | -9.7% | -4.5% | -9.2% |
| Gross Margin | 60.1% | 60.1% | 59.8% | 58.5% | 59.3% | 56.9% |
| Debt/Equity | 0.20 | 0.17 | 0.07 | 0.04 | 0.05 | 0.04 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -4.8M | -18M | -40M | -94M | -71M | -43M |
| Operating Margin | -0.8% | -3.4% | -8.3% | -23.0% | -26.1% | -20.9% |
| ROE | -2.1% | -3.5% | -4.0% | -10.0% | -4.6% | -9.5% |
| Shares Outstanding | 115M | 115M | 111M | 110M | 97M | 88M |
| Metric | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 204M | 274M | 408M | 477M | 541M | 586M |
| Gross Margin | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.1% |
| R&D | 58M | 79M | 122M | 117M | 129M | 130M |
| SG&A | 41M | 72M | 83M | 77M | 90M | 91M |
| EBIT | -43M | -71M | -94M | -40M | -18M | -4.8M |
| Op. Margin | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | -0.8% |
| Net Income | -41M | -49M | -103M | -42M | -38M | -22M |
| Net Margin | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | -3.7% |
| Non-Recurring | 0 | 0 | 4.8M | 627K | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -9.2% | -4.5% | -9.7% | -3.8% | -3.3% | -0.4% |
| ROE | -9.5% | -4.6% | -10.0% | -4.0% | -3.5% | -2.1% |
| ROA | -7.2% | -3.8% | -7.7% | -3.2% | -2.6% | -1.4% |
| Cash Flow | ||||||
| Op. Cash Flow | 9.2M | -19M | -15M | 57M | 55M | 67M |
| Free Cash Flow | 4.9M | -25M | -34M | 54M | 53M | 60M |
| Owner Earnings | -23M | -58M | -100M | -46M | -53M | -46M |
| CapEx | 4.3M | 5.5M | 18M | 3.5M | 1.8M | 7.4M |
| Maint. CapEx | 7.4M | 10M | 35M | 45M | 36M | 42M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.4M | 10M | 35M | 45M | 36M | 42M |
| CapEx/OCF | 47.0% | N/A | N/A | 6.1% | 3.3% | 11.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 25M | 28M | 50M | 58M | 72M | 71M |
| Debt Repayment | 0 | 0 | 367K | 0 | 1.5M | 102K |
| Balance Sheet | ||||||
| Net Debt | -726M | -127M | -121M | -148M | -55M | 32M |
| Cash & Equiv. | 371M | 88M | 82M | 112M | 121M | 175M |
| Long-Term Debt | 16M | 33M | 30M | 53M | 166M | 204M |
| Debt/Equity | 0.04 | 0.05 | 0.04 | 0.07 | 0.17 | 0.20 |
| Interest Coverage | -327.8 | -47.1 | -33.5 | -9.6 | -2.1 | -2.1 |
| Equity | 425M | 1.1B | 1.0B | 1.0B | 1.1B | 1.0B |
| Total Assets | 563M | 1.3B | 1.3B | 1.3B | 1.6B | 1.6B |
| Total Liabilities | 134M | 231M | 300M | 288M | 513M | 507M |
| Intangibles | 23M | 180M | 153M | 116M | 155M | 143M |
| Retained Earnings | -161M | -210M | -310M | -353M | -385M | -384M |
| Working Capital | 327M | 9.1M | 2.0M | 36M | 51M | 1.1M |
| Current Assets | 442M | 184M | 207M | 251M | 302M | 209M |
| Current Liabilities | 116M | 174M | 205M | 215M | 252M | 208M |
| Per Share Data | ||||||
| EPS | -0.46 | -0.51 | -0.93 | -0.38 | -0.33 | -0.19 |
| Owner EPS | -0.27 | -0.60 | -0.91 | -0.41 | -0.46 | -0.40 |
| Book Value | 4.82 | 11.01 | 9.27 | 9.41 | 9.49 | 9.08 |
| Cash Flow/Share | 0.10 | -0.20 | -0.14 | 0.51 | 0.48 | 0.18 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 88.1M | 97.0M | 110.5M | 111.4M | 114.8M | 114.7M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -91.9 |
| P/FCF | N/A | N/A | N/A | 65.3 | 74.8 | 33.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 14.9 | 3.9 | 3.1 | 3.3 | 3.7 | 1.9 |
| Price/Sales | 33.5 | 22.9 | 9.3 | 6.7 | 7.0 | 3.4 |
| FCF Yield | 0.1% | -0.6% | -1.1% | 1.5% | 1.3% | 3.0% |
| Market Cap | 6.3B | 4.2B | 3.2B | 3.5B | 4.0B | 2.0B |
| Avg. Price | 77.56 | 64.67 | 34.21 | 28.62 | 32.91 | 17.47 |
| Year-End Price | 71.88 | 42.87 | 28.59 | 31.52 | 34.81 | 17.47 |
nCino, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 33.6x vs a median of 70.1x. The company's 5-year average gross margin is 58.9%. At current prices, the estimated annualized return to fair value is +51.3%.
nCino, Inc. (NCNO) has a 5-year average return on invested capital (ROIC) of -6.1%. This is below average and may indicate limited pricing power.
nCino, Inc. (NCNO) has a market capitalization of $2.0B. It is classified as a mid-cap stock.
nCino, Inc. (NCNO) does not currently pay a regular dividend.
nCino, Inc. (NCNO) operates in the Services-Prepackaged Software industry, within the Technology sector.
nCino, Inc. (NCNO) reported annual revenue of $541 million in its most recent fiscal year, based on SEC EDGAR filings.
nCino, Inc. (NCNO) has a net profit margin of -7.0%. The company is currently unprofitable.
nCino, Inc. (NCNO) generated $53 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
nCino, Inc. (NCNO) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
nCino, Inc. (NCNO) reported earnings per share (EPS) of $-0.33 in its most recent fiscal year.
nCino, Inc. (NCNO) has a return on equity (ROE) of -3.5%. A negative ROE may indicate losses or negative equity.
nCino, Inc. (NCNO) has a 5-year average gross margin of 58.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for nCino, Inc. (NCNO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
nCino, Inc. (NCNO) has a book value per share of $9.49, based on its most recent annual SEC filing.