nCino, Inc.
NCNO · Price history
Price at last available close
$22.67
+$4.72 (+26.30%) 1M
2026-10-28
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Company & revenue
About nCino, Inc.
Primary reporting period: 2026-01-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
nCino, Inc. operates as a software-as-a-service (SaaS) provider, delivering cloud-based applications to financial organizations both within the United States and internationally. Its core product, the nCino Bank Operating System, is a multi-tenant cloud platform. This system is engineered to digitalize, automate, and streamline complex operational processes and workflows.
How they make money
nCino operates a software-as-a-service (SaaS) business model, providing a cloud-based Bank Operating System to financial institutions. The company generates revenue primarily through multi-year subscription contracts, employing a land-and-expand strategy where fees are aligned with the assets of the lines of business supported by the platform.
Products & services
The nCino Platform is a cloud-based software solution that integrates AI and data to digitize and reengineer business processes for financial institutions, including commercial, consumer, and small business banking, mortgage lending, and treasury management.
Brands & revenue mix
The core cloud-based platform for financial services.
Separate brand revenue is not available in this research.Source
Specialized software solution for mortgage lending.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
Customer types
Customer concentration
No single customer represented more than 10% of total revenues in fiscal 2026.
Suppliers, materials & equipment
- Cloud Infrastructure Providers — The company relies on third-party cloud infrastructure providers to host its platform and deliver services to customers.Source
Business relationships & partnerships
- Amazon Web Services (AWS) — nCino utilizes the AWS cloud infrastructure to host and deliver its software solutions to financial institution clients.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
35
Business Quality / Moat
96
Management
46
Growth Quality
36
Risk / Durability
14
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
20
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
35/100
Building Historical Record
Model Score 35/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Debt service risk
- •M&A headline · Sep 16, 2026
- •Repurchase headline · Sep 3, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for NCNO
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NCNO maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is NCNO's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is NCNO's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify NCNO's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Opportunity Score
20
Market Cap
$2.40B
P/E Ratio
62.1
EPS
$0.31
52-Week High
$27.50
52-Week Low
$13.80
Beta
0.69
Intrinsic Value
$10.92
Analyst Target
$25.00
Shares Outstanding
114.3M
Total Revenue
$622.2M
Total Debt
$338.6M
Dividend
No current dividend
Liquidation Value / Share
$8.27
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NCNO
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.2x). Earnings may be strained to cover interest expense.
M&A headline · Sep 16, 2026
27,800 Shares in nCino Inc. $NCNO Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldRepurchase headline · Sep 3, 2026
nCino Expands Buyback as AI Demand Supports Growth — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
PYMNTSCommunity Sentiment
0 active · 0 total callsNo personal call yet on NCNO.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Cloud-based platform with integrated AI and data analytics.
- +Broad customer base of over 2,700 financial institutions.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Dependence on third-party cloud infrastructure providers.
- −Risks associated with the long sales cycles and complex implementation of enterprise software.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
29
Oct 1, 2026
Change
-0.1
points
Current Score
29
Oct 8, 2026
Category Changes
NCNO decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
29
Projected Change
0.0 points
Preliminary comparable-period financial changes suggest little change. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$22.67
Model Intrinsic Value
$10.92
Difference
+$11.75
+107.7% vs IV
Margin of Safety
-107.7%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $622.2M | $594.8M | $540.7M | $476.5M | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $239.5M | $234.6M | $215.9M | $191.5M | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $382.7M | $360.2M | $324.8M | $285.1M | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $118.5M | $127.5M | $129.4M | $117.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $218.6M | $228.9M | $213.5M | $207.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $332.5M | $356.4M | $342.9M | $324.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $92.5M | $66.4M | $9.5M | $7.5M | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $50.2M | $3.7M | -$18.1M | -$39.5M | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $18.3M | $17.5M | $8.8M | $4.1M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $33.3M | $6.7M | -$35.6M | -$41.9M | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$5.1M | $1.5M | -$2.5M | $1.6M | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $33.6M | $5.2M | -$37.9M | -$42.3M | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.31 | $0.05 | $-0.33 | $-0.38 | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 104M | 113M | 115M | 113M | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 105M | 114M | 115M | 113M | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$161.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.05
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+25.7%
Cash Change
-32.2%
Margin Change
+13.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 8.2%. EPS declined 138.5%. Cash declined 32.2%. Total debt increased 25.7%. Net income margin improved by 13.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Software - ApplicationNews
nCino: Healthy Renewals And Modest Valuation
Insider Selling: nCino (NASDAQ:NCNO) Insider Sells $134,034.04 in Stock
27,800 Shares in nCino Inc. $NCNO Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al
nCino's 2026 Outlook: AI-Driven Agentic Workflows Drive Sustainable Profitability
Rumor Mill · NCNO
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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