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

nCino (NASDAQ:NCNO) released its 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 period last year, the firm earned $0.12 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis.

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 Stock Up 3.9%

NCNO stock traded up $0.56 during midday trading on Tuesday, reaching $14.98. 5,375,071 shares of the company were exchanged, compared to its average volume of 2,076,922. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 65.54, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.01 and a current ratio of 1.01. nCino has a 1-year low of $13.80 and a 1-year high of $33.92. The stock’s 50-day simple moving average is $17.48 and its 200 day simple moving average is $22.91.

nCino declared that its Board of Directors has approved a stock buyback plan on Monday, December 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley reduced their price target on nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday. Keefe, Bruyette & Woods boosted their price objective on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. BTIG Research assumed coverage on shares of nCino in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Piper Sandler reduced their target price on shares of nCino from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of nCino from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.47.

Insiders Place Their Bets

In related news, Director Pierre Naude sold 24,273 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total value of $453,419.64. Following the completion of the sale, the director directly owned 1,166,823 shares of the company’s stock, valued at $21,796,253.64. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory Orenstein sold 10,562 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $18.68, for a total transaction of $197,298.16. Following the completion of the transaction, the chief financial officer owned 451,184 shares of the company’s stock, valued at $8,428,117.12. This represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 69,803 shares of company stock worth $1,345,743. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of nCino

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of nCino by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 62,747 shares of the company’s stock valued at $1,701,000 after purchasing an additional 743 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in nCino by 14.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,958 shares of the company’s stock worth $153,000 after buying an additional 765 shares during the last quarter. Quarry LP increased its position in nCino by 138.2% during the third quarter. Quarry LP now owns 1,701 shares of the company’s stock worth $46,000 after buying an additional 987 shares during the period. Graham Capital Management L.P. increased its position in nCino by 5.8% during the fourth quarter. Graham Capital Management L.P. now owns 19,474 shares of the company’s stock worth $499,000 after buying an additional 1,064 shares during the period. Finally, LPL Financial LLC lifted its stake in nCino by 3.9% in the fourth quarter. LPL Financial LLC now owns 37,254 shares of the company’s stock valued at $955,000 after buying an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 94.76% of the company’s stock.

About nCino

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.