📊 NCNO Key Takeaways
Is nCino, Inc. (NCNO) a Good Investment?
nCino demonstrates exceptional profitability expansion with net income growing 129% and free cash flow generation at 50.7% of revenue, indicating strong operational leverage and earnings quality. The company maintains a solid balance sheet with 0.27x leverage and excellent 14.3x interest coverage, though modest 10% revenue growth and below-1.0 current ratio warrant monitoring.
nCino is growing revenue at a steady 10% with healthy 60%+ gross margins and solid free cash flow generation, supported by a debt-free balance sheet. However, GAAP profitability remains minimal with near-flat operating margin and declining net income YoY, and liquidity is only adequate. Evidence of sustained operating leverage and continued cash conversion would strengthen the fundamental picture.
nCino, Inc. Key Strengths (NCNO)
- Exceptional profitability acceleration: net income +129.4% YoY with EPS +115.2%, showing strong operational leverage
- Outstanding free cash flow: $80.8M with 50.7% FCF margin proves capital-efficient, asset-light business model
- Strong financial position: 0.27x debt-to-equity with 14.3x interest coverage ensures low financial distress risk
- Healthy gross margins: 63.3% characteristic of quality software business with pricing power
- Substantial cash generation relative to CapEx: only $614K capital intensity demonstrates scalability
- 60.6% gross margin indicative of scalable software economics
- Positive free cash flow with 13.9% FCF margin
- Debt-free balance sheet with substantial equity base
NCNO Stock Risks: nCino, Inc. Investment Risks
- Current ratio of 0.89x indicates near-term liquidity pressure; cannot fully cover short-term obligations with current assets
- Modest revenue growth of 10% YoY is below typical SaaS industry expectations and slower than profitability expansion
- Very low returns on equity (1.4%) and assets (0.8%) suggest either capital inefficiency or significant non-operating items requiring investigation
- Operating margin of 13.2% lags peer benchmarks for mature software companies, indicating room for expense discipline or scale challenges
- Very low operating and net margins; weak ROE/ROA
- Liquidity tightness with current ratio at 1.0x and limited buffer
- Net income down 46.6% YoY and modest 10% growth
Key Metrics to Watch
- Revenue growth trajectory and customer acquisition/retention trends to assess if 10% is cyclical or structural deceleration
- Current ratio improvement and working capital management to resolve liquidity concerns
- Operating margin expansion path as company scales to evaluate profitability sustainability
- Operating margin
- Free cash flow margin
nCino, Inc. (NCNO) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 50.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
NCNO Profit Margin, ROE & Profitability Analysis
NCNO vs Technology Sector: How nCino, Inc. Compares
How nCino, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is nCino, Inc. Stock Overvalued? NCNO Valuation Analysis 2026
Based on fundamental analysis, nCino, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
nCino, Inc. Balance Sheet: NCNO Debt, Cash & Liquidity
NCNO Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: nCino, Inc.'s revenue has grown significantly by 117% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.38 indicates the company is currently unprofitable.
NCNO Revenue Growth, EPS Growth & YoY Performance
NCNO Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2027 | $144.1M | $5.6M | $0.05 |
| Q3 2026 | $138.8M | -$3.2M | $-0.03 |
| Q2 2026 | $132.4M | -$9.7M | $-0.08 |
| Q1 2026 | $128.1M | -$3.0M | $-0.03 |
| Q3 2025 | $121.9M | -$5.3M | $-0.05 |
| Q2 2025 | $117.2M | -$11.0M | $-0.10 |
| Q1 2025 | $113.7M | -$3.0M | $-0.03 |
| Q3 2024 | $105.3M | -$16.4M | $-0.15 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
nCino, Inc. Dividends, Buybacks & Capital Allocation
NCNO SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for nCino, Inc. (CIK: 0001902733)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NCNO
What is the AI rating for NCNO?
nCino, Inc. (NCNO) has a Combined AI Grade of A from Claude (A) and ChatGPT (B) with 72% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NCNO's key strengths?
Claude: Exceptional profitability acceleration: net income +129.4% YoY with EPS +115.2%, showing strong operational leverage. Outstanding free cash flow: $80.8M with 50.7% FCF margin proves capital-efficient, asset-light business model. ChatGPT: 60.6% gross margin indicative of scalable software economics. Positive free cash flow with 13.9% FCF margin.
What are the risks of investing in NCNO?
Claude: Current ratio of 0.89x indicates near-term liquidity pressure; cannot fully cover short-term obligations with current assets. Modest revenue growth of 10% YoY is below typical SaaS industry expectations and slower than profitability expansion. ChatGPT: Very low operating and net margins; weak ROE/ROA. Liquidity tightness with current ratio at 1.0x and limited buffer.
What is NCNO's revenue and growth?
nCino, Inc. reported revenue of $159.4M.
Does NCNO pay dividends?
nCino, Inc. does not currently pay dividends.
Where can I find NCNO SEC filings?
Official SEC filings for nCino, Inc. (CIK: 0001902733) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NCNO's EPS?
nCino, Inc. has a diluted EPS of $0.12.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is NCNO's fundamental grade?
Based on our AI fundamental analysis in June 2026, nCino, Inc. has a A grade with 72% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is NCNO stock overvalued or undervalued?
Valuation metrics for NCNO: ROE of 1.4% (sector avg: 22%), net margin of 8.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is NCNO's AI grade for 2026?
Our dual AI analysis gives nCino, Inc. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NCNO's free cash flow?
nCino, Inc.'s operating cash flow is $81.4M, with capital expenditures of $614.0K. FCF margin is 50.7%.
How does NCNO compare to other Technology stocks?
Vs Technology sector averages: Net margin 8.6% (avg: 18%), ROE 1.4% (avg: 22%), current ratio 0.89 (avg: 2.5).