nCino (NASDAQ:NCNO) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

01 Apr 2026, 12:58 by Kim Johansen · The Markets Daily

nCino (NASDAQ:NCNO – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16, Briefing.com reports. nCino had a negative net margin of 3.71% and a positive return on equity of 2.28%. The company had revenue of $149.67 million during the quarter, compared to the consensus estimate of $147.41 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue 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

NASDAQ:NCNO opened at $14.98 on Wednesday. nCino has a 52-week low of $13.80 and a 52-week high of $33.92. The company has a market cap of $1.72 billion, a P/E ratio of -83.22, a P/E/G 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. The stock’s 50-day simple moving average is $17.32 and its 200 day simple moving average is $22.80.

Insider Activity

In related news, Director Pierre Naude sold 24,273 shares of the firm’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 transaction, the director directly owned 1,166,823 shares of the company’s stock, valued at approximately $21,796,253.64. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gregory Orenstein sold 10,562 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $18.68, for a total transaction of $197,298.16. Following the transaction, the chief financial officer owned 451,184 shares in the company, valued at approximately $8,428,117.12. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,803 shares of company stock valued at $1,345,743. Corporate insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in nCino by 16.6% in the 1st quarter. Millennium Management LLC now owns 303,853 shares of the company’s stock valued at $8,347,000 after purchasing an additional 43,247 shares during the last quarter. Woodline Partners LP increased its position in nCino by 105.3% during the first quarter. Woodline Partners LP now owns 13,227 shares of the company’s stock worth $363,000 after buying an additional 6,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in nCino by 16.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 281,435 shares of the company’s stock valued at $7,731,000 after buying an additional 39,345 shares during the period. Prudential Financial Inc. bought a new stake in nCino in the second quarter valued at approximately $208,000. Finally, Marshall Wace LLP acquired a new stake in shares of nCino in the second quarter valued at approximately $4,163,000. Institutional investors own 94.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NCNO shares. Keefe, Bruyette & Woods increased their target price on nCino from $34.50 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Morgan Stanley cut their price target on nCino from $36.00 to $21.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group reiterated a “buy” rating and set a $36.00 price objective on shares of nCino in a report on Tuesday, December 9th. Truist Financial dropped their target price on nCino from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of nCino in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, nCino presently has a consensus rating of “Moderate Buy” and an average price target of $28.07.

Check Out Our Latest Stock Analysis on NCNO

nCino News Summary

Here are the key news stories impacting nCino this week:

Positive Sentiment: Q4 financial beat and upbeat metrics: nCino reported $0.37 EPS vs. $0.21 consensus and revenue of $149.7M vs. $147.4M est.; FY ACV rose to $602.4M (up 17% YoY) and ACV net retention was 112%, signaling healthy subscription momentum. Read More.
Positive Sentiment: $100M accelerated share repurchase (ASR) announced — this reduces float and supports EPS over time, a clear near-term catalyst for the stock. Read More.
Positive Sentiment: Street reaction / price moves: multiple outlets report a sharp intraday rally following results and guidance, reflecting investor enthusiasm for the beat and outlook. Read More.
Neutral Sentiment: Investor materials and call: company slide deck and call transcript provide more color on product adoption and go-to-market; review the transcript/slides for management’s guidance detail and cadence for revenue/ACV growth. Read More.
Neutral Sentiment: Coverage summaries and earnings snapshots from multiple outlets (Zacks, MarketBeat, local press) reiterate the beat and growing ARR-like metrics; useful for granular analyst-model inputs. Read More.
Negative Sentiment: Analyst price-target trims: Morgan Stanley lowered its price target (and issued a cautious note), and Robert W. Baird also trimmed its target — these moves reduce near-term analyst support despite maintained positive ratings. Read More. | Read More.
Negative Sentiment: Caveats remain: net margin is negative and the company still shows a modest overall net loss despite GAAP beats; investors should watch guidance cadence and margin improvement timelines. Read More.

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

nCino Company Profile

(Get Free Report)

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.