Quarterly ResultMay 27, 2026, 04:07 PM
nCino Q1 Revenue $159.4M, up 11%; Non-GAAP Operating Margin 28%
AI Summary
nCino, Inc. announced strong financial results for the first quarter of fiscal year 2027, outperforming all financial guidance. The company reported total revenues of $159.4 million, an 11% year-over-year increase, and subscription revenues of $140.9 million, up 12%. Non-GAAP operating margin significantly improved to 28%, and free cash flow rose 54% to $80.8 million. nCino also highlighted key business wins, including a major renewal with a top-5 Canadian bank and its largest new logo deal with a credit union, alongside share repurchases totaling $93.1 million.
Key Highlights
- Total revenues reached $159.4 million, an 11% increase year-over-year.
- Subscription revenues grew 12% year-over-year to $140.9 million.
- Non-GAAP operating margin improved to 28%, up 1,100 basis points year-over-year.
- Free cash flow increased 54% year-over-year to $80.8 million.
- Repurchased 6.1 million shares for $93.1 million at an average price of $15.20.
- Secured a five-year renewal with a top-5 Canadian bank, expanding AI capabilities.
- Increased committed loan volume by over 100% with a top-25 independent mortgage bank.
- Signed largest new logo deal with a $6.5 billion credit union for multiple solutions.
Price Impact
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