nCino (NCNO) financial statements
nCino reported revenue of $595M in fiscal 2026, up 27.5% a year over 6 years.
Net income was $5M and the operating margin 0.6%, against -20.4% in 2020.
Free cash flow was $83M, and the company returned $125M in net buybacks.
The diluted share count rose 46% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from nCino's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | $138M | $204M | $274M | $408M | $477M | $541M | $595M |
| Cost of revenue | $64M | $88M | $111M | $170M | $191M | $216M | $235M |
| Gross profit | $74M | $116M | $162M | $239M | $285M | $325M | $360M |
| Research and development | $35M | $58M | $79M | $122M | $117M | $129M | $128M |
| Selling, general and admin | $67M | $101M | $154M | $211M | $207M | $213M | $229M |
| Operating income | -$28M | -$43M | -$71M | -$94M | -$40M | -$18M | $4M |
| Interest expense | $0 | $130,000 | $2M | $3M | $4M | $9M | $17M |
| Pre-tax income | -$27M | -$41M | -$74M | -$98M | -$42M | -$36M | $7M |
| Income tax | $586,000 | $586,000 | -$24M | $4M | $2M | -$3M | -$3M |
| Net income | -$28M | -$41M | -$49M | -$103M | -$42M | -$38M | $5M |
| EPS (diluted) | -$0.35 | -$0.46 | -$0.51 | -$0.93 | -$0.38 | -$0.33 | $0.05 |
| Diluted shares | 78M | 88M | 97M | 111M | 113M | 115M | 114M |
| Gross margin | 53.6% | 56.9% | 59.3% | 58.5% | 59.8% | 60.1% | 60.6% |
| Operating margin | -20.4% | -20.9% | -26.1% | -23.0% | -8.3% | -3.4% | 0.6% |
| Net margin | -20.0% | -19.8% | -18.1% | -25.2% | -8.9% | -7.0% | 0.9% |
Balance sheet
Fiscal years, from nCino's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $91M | $371M | $88M | $82M | $112M | $121M | $88M |
| Receivables | — | $56M | $75M | $99M | $113M | $147M | $167M |
| Total current assets | — | $442M | $184M | $207M | $251M | $302M | $294M |
| Property, plant and equipment | — | $30M | $61M | $84M | $79M | $75M | $76M |
| Goodwill | $56M | $57M | $841M | $839M | $839M | $1.0B | $1.1B |
| Total assets | — | $563M | $1.3B | $1.3B | $1.3B | $1.6B | $1.6B |
| Total current liabilities | — | $116M | $174M | $205M | $215M | $252M | $294M |
| Long-term debt | — | — | — | — | — | — | $214M |
| Total liabilities | — | $134M | $231M | $300M | $288M | $513M | $579M |
| Shareholders' equity | $167M | $425M | $1.1B | $1.0B | $1.0B | $1.1B | $1.1B |
| Net debt | -$91M | -$371M | -$88M | -$82M | -$112M | -$121M | $125M |
Cash flow
Fiscal years, from nCino's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9M | $9M | -$19M | -$15M | $57M | $55M | $90M |
| Capital spending | $6M | $4M | $5M | $18M | $4M | $2M | $8M |
| Free cash flow | -$15M | $5M | -$25M | -$34M | $54M | $53M | $83M |
| Stock-based compensation | $6M | $25M | $28M | $50M | $58M | $72M | $74M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$125M |
| Free cash flow margin | -10.7% | 2.4% | -9.0% | -8.3% | 11.3% | 9.9% | 13.9% |
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Open NCNO in InvestinglyQuestions
What was nCino's revenue in 2026?
$595M in fiscal 2026, from its 10-K filing.
How much free cash flow does nCino generate?
$83M in fiscal 2026 (operating cash flow minus capital spending).
From nCino's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.