NCNONasdaqServices-Prepackaged SoftwareFiscal year ends January 31
nCino, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 25, 2026
$20.35−0.16 (-0.78%)
Close on Oct 19, 2026
- Market cap
- $2.14B
- P/E (TTM)
- 67.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2026
Gross margin
60.6%+3.7 pts over 5 years
Operating margin
0.6%+21.5 pts over 5 years
Net margin
0.9%+20.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.0% | +13.4% | +23.8% | – | |
| Gross profit | +10.9% | +14.7% | +25.4% | – | |
| Free cash flow | +54.7% | – | +76.0% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | -13.7% | 0.5% | |
| Return on assets | – | – | 0.3% | |
| Current ratio | – | 3.82 | 1.00 | |
| Interest coverage | – | -327.8× | 0.2× | |
| Capex to revenue | – | 2.1% | 1.3% | |
| Diluted shares | – | 88M | 114M |
Where the cash went
Fiscal 2022 to 2026, five years combined
nCino generated $237.16M from operations and spent $161.73M on capital expenditure, dividends and share buybacks. 23% of that went back into the business.
Generated
$237.16M
Used
$161.73M
Capital expenditure$36.63M23%Dividends$00%Share buybacks$125.10M77%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.9%
×Asset turnover0.37×
×Equity multiplier1.52×
=Return on equity, FY20260.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 0.9% | 0.37× | 1.52× | 0.5% |
| FY2025 | -7.0% | 0.37× | 1.38× | -3.5% |
| FY2024 | -8.9% | 0.36× | 1.29× | -4.1% |
| FY2023 | -25.2% | 0.31× | 1.26× | -9.8% |
| FY2022 | -18.1% | 0.29× | 1.25× | -6.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$5.18M
- Cash generatingOperating cash flow above zero$90.07M
- Return on assets improvedROA up on the prior year-2.8% → 0.3%
- Earnings backed by cashOperating cash flow above net income$90.07M vs $5.18M
- Less leverageLong-term debt to assets fell– → 13.0%
- Better liquidityCurrent ratio rose1.20 → 1.00
- No dilutionShare count did not rise115M → 114M
- Gross margin improvedGross margin up on the prior year60.07% → 60.55%
- More efficientAsset turnover rose0.40 → 0.37