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nCino, Inc. (NCNO) 10-Year Financial Performance & Capital Metrics

NCNO • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms
AboutnCino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance. The company's nCino IQ, an application suite that utilizes data analytics and AI/ML to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements. It also offers SimpleNexus, a suite of products that enables loan officers, borrowers, real estate agents, settlement agents, and others to engage in the homeownership process from internet-enabled device. The company serves financial institution customers, including global financial institutions, enterprise banks, regional banks, community banks, credit unions, new market entrants, and independent mortgage banks through sales team comprising business development representatives, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.Show more
  • Revenue $541M +13.5%
  • EBITDA $18M +216.7%
  • Net Income -$38M +10.6%
  • EPS (Diluted) -0.33 +13.2%
  • Gross Margin 60.07% +0.4%
  • EBITDA Margin 3.37% +179.1%
  • Operating Margin -3.35% +59.6%
  • Net Margin -7.01% +21.2%
  • ROE -3.52% +13.5%
  • ROIC -1.22% +57.6%
  • Debt/Equity 0.22 +206.0%
  • Interest Coverage -2.07 +78.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 31.4%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y31.37%
3Y25.45%
TTM12.14%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-20.2%

EPS CAGR

10Y-
5Y-
3Y-
TTM-14.43%

ROCE

10Y Avg-14.18%
5Y Avg-6.82%
3Y Avg-3.77%
Latest-1.46%

Peer Comparison

Digital Banking Platforms
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SPNSSapiens International Corporation N.V.2.43B43.4533.685.4%11.4%12.2%2.97%0.13
SSNCSS&C Technologies Holdings, Inc.21B86.0528.686.89%13.86%12.2%6.32%1.09
TBBKThe Bancorp, Inc.3.09B70.3916.4116.11%30.63%29.28%7.2%0.16
CWANClearwater Analytics Holdings, Inc.6.98B24.1914.4022.72%61.25%19.6%0.99%0.07

Profit & Loss

Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Sales/Revenue+58.14M91.53M138.18M204.29M273.87M273.87M476.54M540.66M
Revenue Growth %-0.57%0.51%0.48%0.34%0%0.74%0.13%
Cost of Goods Sold+30.47M46.45M64.07M88.14M111.41M111.41M191.47M215.87M
COGS % of Revenue0.52%0.51%0.46%0.43%0.41%0.41%0.4%0.4%
Gross Profit+27.67M45.08M74.11M116.16M162.45M162.45M285.07M324.79M
Gross Margin %0.48%0.49%0.54%0.57%0.59%0.59%0.6%0.6%
Gross Profit Growth %-0.63%0.64%0.57%0.4%0%0.75%0.14%
Operating Expenses+46.45M68.3M102.28M158.77M233.81M233.81M324.58M342.92M
OpEx % of Revenue0.8%0.75%0.74%0.78%0.85%0.85%0.68%0.63%
Selling, General & Admin29.89M46.07M66.98M100.5M154.45M154.45M207.27M213.5M
SG&A % of Revenue0.51%0.5%0.48%0.49%0.56%0.56%0.43%0.39%
Research & Development16.56M22.23M35.3M58.26M79.36M79.36M117.31M129.42M
R&D % of Revenue0.28%0.24%0.26%0.29%0.29%0.29%0.25%0.24%
Other Operating Expenses-24K-89K33K00-1.28M00
Operating Income+-18.77M-23.22M-28.17M-42.61M-71.36M-71.36M-39.51M-18.13M
Operating Margin %-0.32%-0.25%-0.2%-0.21%-0.26%-0.26%-0.08%-0.03%
Operating Income Growth %--0.24%-0.21%-0.51%-0.67%0%0.45%0.54%
EBITDA+-17.8M-21.76M-23.56M-35.18M-61.35M-32.87M5.75M18.21M
EBITDA Margin %-0.31%-0.24%-0.17%-0.17%-0.22%-0.12%0.01%0.03%
EBITDA Growth %--0.22%-0.08%-0.49%-0.74%0.46%1.18%2.17%
D&A (Non-Cash Add-back)970K1.46M4.61M7.43M10.01M38.49M45.26M36.34M
EBIT-18.77M-22.11M-27.15M-40.55M-72.44M-94.97M-37.8M-26.8M
Net Interest Income+260K1.19M988K231K-1.32M-2.4M-1.57M-7M
Interest Income260K1.19M988K361K194K403K2.57M1.76M
Interest Expense000130K1.51M2.81M4.13M8.76M
Other Income/Expense236K1.1M1.02M1.92M-2.6M-3.76M-2.42M-17.43M
Pretax Income+-18.54M-22.11M-27.15M-40.68M-73.95M-73.95M-41.94M-35.56M
Pretax Margin %-0.32%-0.24%-0.2%-0.2%-0.27%-0.27%-0.09%-0.07%
Income Tax+50K194K586K586K-23.83M-23.83M1.59M-2.51M
Effective Tax Rate %1%1.01%1.02%1%0.67%0.68%1.01%1.07%
Net Income+-18.59M-22.31M-27.59M-40.54M-49.45M-50.12M-42.35M-37.88M
Net Margin %-0.32%-0.24%-0.2%-0.2%-0.18%-0.18%-0.09%-0.07%
Net Income Growth %--0.2%-0.24%-0.47%-0.22%-0.01%0.16%0.11%
Net Income (Continuing)-18.59M-22.31M-27.73M-41.27M-50.12M-101.84M-43.53M-33.05M
Discontinued Operations00000000
Minority Interest004.36M3.79M2.88M3.59M3.43M8.29M
EPS (Diluted)+-0.21-0.25-0.31-0.46-0.51-0.45-0.38-0.33
EPS Growth %--0.19%-0.24%-0.49%-0.11%0.12%0.16%0.13%
EPS (Basic)-0.21-0.25-0.31-0.46-0.51-0.45-0.38-0.33
Diluted Shares Outstanding89.64M89.64M89.64M87.68M96.72M110.62M112.67M115.16M
Basic Shares Outstanding89.64M89.64M89.64M87.68M96.72M110.62M112.67M115.16M
Dividend Payout Ratio--------

Balance Sheet

Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Total Current Assets+109.01M109.17M145.28M442.23M183.51M207.19M250.78M302.25M
Cash & Short-Term Investments80.68M74.35M91.18M371.43M88.01M82.04M112.08M120.93M
Cash Only80.68M74.35M91.18M371.43M88.01M82.04M112.08M120.93M
Short-Term Investments00000000
Accounts Receivable24.3M29.83M43.41M55.52M74.53M99.5M112.97M146.79M
Days Sales Outstanding152.56118.95114.6699.1999.33132.6186.5399.1
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets4.03M03.61M4.86M7.58M25.66M25.71M34.53M
Total Non-Current Assets+3.96M10.8M104.87M121.17M1.12B1.12B1.09B1.31B
Property, Plant & Equipment3.79M10.41M13.48M29.94M73.85M94.95M98.41M90.98M
Fixed Asset Turnover15.36x8.80x10.25x6.82x3.71x2.88x4.84x5.94x
Goodwill0055.84M57.15M841.49M839.44M838.87M1.02B
Intangible Assets0026.09M23.14M180.12M152.82M115.57M154.57M
Long-Term Investments0009.82M4.03M6.53M9.29M9.29M
Other Non-Current Assets174K393K9.46M750K16.34M26.33M27.51M33.91M
Total Assets+112.97M119.97M250.15M563.4M1.3B1.33B1.34B1.61B
Asset Turnover0.51x0.76x0.55x0.36x0.21x0.21x0.36x0.34x
Asset Growth %-0.06%1.09%1.25%1.31%0.02%0.01%0.2%
Total Current Liabilities+34.94M52.41M76.58M115.69M174.38M205.16M215.04M251.51M
Accounts Payable2.29M3.44M4.67M6M11.37M11.88M11.84M13.64M
Days Payables Outstanding27.427.0526.5824.8437.2438.9122.5723.06
Short-Term Debt00000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities4.22M0183K16.09M14.74M22.62M16.28M23.63M
Current Ratio3.12x2.08x1.90x3.82x1.05x1.01x1.17x1.20x
Quick Ratio3.12x2.08x1.90x3.82x1.05x1.01x1.17x1.20x
Cash Conversion Cycle--------
Total Non-Current Liabilities+17K1.52M1.95M18.74M56.13M94.44M72.79M261.27M
Long-Term Debt0000030M0166M
Capital Lease Obligations00015.94M44.68M61.65M69.1M63.99M
Deferred Tax Liabilities00194K01.68M03.69M13.85M
Other Non-Current Liabilities001.75M09.74M2.8M017.16M
Total Liabilities34.95M53.93M78.52M134.43M230.51M299.6M287.83M512.78M
Total Debt+00016.26M48.84M96.54M74.23M236.82M
Net Debt-80.68M-74.35M-91.18M-355.16M-39.17M14.5M-37.86M115.9M
Debt / Equity---0.04x0.05x0.09x0.07x0.22x
Debt / EBITDA------12.90x13.00x
Net Debt / EBITDA-------6.58x6.36x
Interest Coverage----327.75x-47.13x-25.42x-9.56x-2.07x
Total Equity+78.01M66.04M171.63M428.97M1.07B1.03B1.05B1.1B
Equity Growth %--0.15%1.6%1.5%1.5%-0.04%0.02%0.04%
Book Value per Share0.870.741.914.8911.079.299.349.53
Total Shareholders' Equity78.01M66.04M167.27M425.18M1.07B1.02B1.05B1.09B
Common Stock36K38K41K47K55K56K57K58K
Retained Earnings-82.45M-104.75M-120.92M-161.06M-209.62M-310.34M-352.76M-385.33M
Treasury Stock00000000
Accumulated OCI6K-21K-408K240K-72K694K996K176K
Minority Interest004.36M3.79M2.88M3.59M3.43M8.29M

Cash Flow

Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025
Cash from Operations+-15.96M-4.59M-9M9.22M9.22M-19.23M57.28M55.2M
Operating CF Margin %-0.27%-0.05%-0.07%0.05%0.03%-0.07%0.12%0.1%
Operating CF Growth %-0.71%-0.96%2.02%0%-3.09%3.98%-0.04%
Net Income-18.59M-22.31M-27.73M-41.27M-41.27M-50.12M-42.35M-37.88M
Depreciation & Amortization970K1.46M4.61M7.43M7.43M10.01M45.26M36.34M
Stock-Based Compensation3.83M4.09M5.75M25.21M28.48M50.23M58.03M71.59M
Deferred Taxes0-16.16M195K168K168K-24.28M-2.34M-7.12M
Other Non-Cash Items-329K16.26M3.14M3.09M3.09M10.26M15.11M-7.74M
Working Capital Changes-1.84M12.06M5.05M14.59M14.59M6.43M-16.44M0
Change in Receivables-12.43M-5.66M-14.16M-11.41M-11.41M-13.51M-14.32M-31.39M
Change in Inventory-2.12M-1.19M-1.63M-3.34M-3.34M000
Change in Payables1.92M4.7M3.47M8.04M8.04M4.43M525K-190K
Cash from Investing+-2.84M-7.96M-58.03M-4.34M-4.34M-278.49M-6.33M-219.18M
Capital Expenditures-2.84M-7.96M-5.76M-4.34M-4.34M-5.46M-3.87M-1.82M
CapEx % of Revenue0.05%0.09%0.04%0.02%0.02%0.02%0.01%0%
Acquisitions--------
Investments--------
Other Investing0000273.02M-563K43K-450K
Cash from Financing+70.14M6.26M84.09M274.12M274.12M15.92M-21.11M170.48M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing832K6.26M4.09M5.78M15.92M6.71M-243K7.26M
Net Change in Cash--------
Free Cash Flow+-18.8M-12.55M-14.76M4.88M4.88M-24.69M53.41M53.38M
FCF Margin %-0.32%-0.14%-0.11%0.02%0.02%-0.09%0.11%0.1%
FCF Growth %-0.33%-0.18%1.33%0%-6.06%3.16%-0%
FCF per Share-0.21-0.14-0.160.060.05-0.220.470.46
FCF Conversion (FCF/Net Income)0.86x0.21x0.33x-0.23x-0.19x0.38x-1.35x-1.46x
Interest Paid000130K1.51M2.62M4.32M0
Taxes Paid0-42K369K631K1M664K3.17M3.56M

Key Ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)-23.83%-30.97%-23.22%-13.5%-6.6%-4.78%-4.07%-3.52%
Return on Invested Capital (ROIC)---58.58%-41.43%-9.69%-5.16%-2.88%-1.22%
Gross Margin47.59%49.25%53.63%56.86%59.32%59.32%59.82%60.07%
Net Margin-31.97%-24.37%-19.97%-19.84%-18.05%-18.3%-8.89%-7.01%
Debt / Equity---0.04x0.05x0.09x0.07x0.22x
Interest Coverage----327.75x-47.13x-25.42x-9.56x-2.07x
FCF Conversion0.86x0.21x0.33x-0.23x-0.19x0.38x-1.35x-1.46x
Revenue Growth-57.43%50.96%47.85%34.05%0%74.01%13.45%

Revenue by Segment

20212022202320242025
License and Service2.44M224.85M344.75M409.48M469.17M
License and Service Growth-9119.11%53.32%18.77%14.58%
Professional Services41.85M49.01M63.56M67.06M71.49M
Professional Services Growth-17.10%29.69%5.51%6.60%

Revenue by Geography

20212022202320242025
UNITED STATES180.92M230.3M180.92M387.2M424.43M
UNITED STATES Growth-27.29%-21.44%114.01%9.62%
Non-US23.37M43.56M23.37M89.34M116.22M
Non-US Growth-86.41%-46.35%282.29%30.09%

Frequently Asked Questions

Growth & Financials

nCino, Inc. (NCNO) reported $586.5M in revenue for fiscal year 2025. This represents a 909% increase from $58.1M in 2018.

nCino, Inc. (NCNO) grew revenue by 13.5% over the past year. This is steady growth.

nCino, Inc. (NCNO) reported a net loss of $21.8M for fiscal year 2025.

Dividend & Returns

nCino, Inc. (NCNO) has a return on equity (ROE) of -3.5%. Negative ROE indicates the company is unprofitable.

nCino, Inc. (NCNO) generated $59.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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