nCino's Robust Third Quarter Performance in 2025
WILMINGTON, N.C. -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent banking solutions, has announced its financial results for the third quarter of fiscal year 2026. During this quarter, which ended on October 31, 2025, the company experienced significant revenue growth and demonstrated a solid operational performance.
Key Financial Highlights
Total Revenues
nCino reported total revenues of $152.2 million for the third quarter, marking a 10% increase compared to $138.8 million in the same period last year. Subscription revenues reached $133.4 million, up from $119.9 million, representing an 11% growth year-over-year.
Income from Operations
The company recorded a GAAP income from operations of $11.7 million, a significant turnaround from a loss of $0.8 million in the third quarter of the previous fiscal year. Non-GAAP operating income showed remarkable growth, climbing to $39.9 million from $28.0 million year-over-year, showcasing a solid 42% increase.
Net Income
For the third quarter, GAAP net income attributable to nCino was $6.5 million, an improvement compared to a loss of $5.3 million in the prior year. Non-GAAP net income attributable to nCino was reported at $35.8 million, up from $24.1 million, showing a remarkable 49% year-over-year increase.
Operational Achievements
Strategic Customer Acquisitions
One of the standout achievements in this quarter was successfully onboarding a regional bank in Japan, which boasts over $80 billion in assets. This expansion into international markets underscores nCino's commitment to providing tailored solutions for diverse banking needs.
Global Expansion of Integration Gateway
nCino's Integration Gateway has gained significant traction, evident from a recent agreement with a $90 billion bank in the Czech Republic. This agreement showcases the global applicability of nCino's innovative technology and underlines its growing presence across markets.
Stock Repurchase Program Completed
The Company successfully completed its $100 million stock repurchase program announced earlier this year, having repurchased approximately 4 million shares at an average price of $25.02 per share. This strategic move reinforces nCino's commitment to enhancing shareholder value.
Financial Outlook
Guidance for the Coming Quarter
Looking forward, nCino has provided its guidance for the fourth quarter ending January 31, 2026, estimating total revenues between $146.75 million and $148.25 million, and subscription revenues between $130.75 million to $132.25 million. Furthermore, the company anticipates a non-GAAP operating income within the range of $32.5 million to $33.5 million.
Fiscal Year Projections
For the full fiscal year ending January 31, 2026, nCino expects total revenues to be between $591.9 million and $593.4 million, with subscription revenues projected between $520.5 million and $522 million. Non-GAAP operating income is expected to reach between $127.2 million and $128.2 million.
About nCino
nCino is revolutionizing the banking experience by offering cloud-based technology that helps financial institutions optimize their operations. By integrating artificial intelligence and actionable insights, nCino allows its customers to streamline processes, enhance decision-making, and improve customer satisfaction. With over 2,700 customers globally, including community banks and large financial institutions, nCino is making significant strides in the digital transformation of banking.
Frequently Asked Questions
What were nCino's total revenues for Q3 2025?
nCino reported total revenues of $152.2 million for the third quarter of fiscal year 2025.
How much did nCino's subscription revenues increase?
Subscription revenues increased by 11%, reaching $133.4 million compared to $119.9 million the previous year.
What was nCino's net income for Q3 2025?
nCino reported a GAAP net income of $6.5 million for the third quarter of 2025.
Who were some of nCino's new customers?
nCino signed a regional bank in Japan and demonstrated expansion with financial institutions in multiple geographies.
What are nCino's projections for the upcoming quarter?
For the fourth quarter, nCino projects total revenues between $146.75 million and $148.25 million.
