NASDAQ$NCNO

nCino Inc. · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

nCino reported strong first-quarter fiscal year 2025 results with significant revenue growth and improved profitability.

nCino achieved its highest first-quarter gross sales in company history, with total revenues increasing by 13% year-over-year to $128.1 million and non-GAAP operating income reaching $24.4 million.

  • Total revenues increased by 13% year-over-year to $128.1 million.
  • Non-GAAP operating income significantly improved to $24.4 million, up from $10.9 million in the prior year.
  • GAAP net loss attributable to nCino decreased to $(3.0) million from $(11.2) million year-over-year.
  • Remaining Performance Obligation (RPO) grew by 17% to $1.069 billion, indicating strong future revenue visibility.

Headline financials

Total Revenue

$128M

Previous: $114M+12.7%
EPS (adj)

$0.19

Previous: -$0.10+290.0%
Capital Expenditures

-$342K

Previous: -$1.61M+78.7%
Free Cash Flow

-$3.32M

Previous: -$12.8M+74.2%
Net Income

-$2.98M

Previous: -$11.2M+73.5%
Operating Income

-$3.66M

Previous: -$8.63M+57.5%
Gross Profit

$76.9M

Previous: $67.5M+14.0%
Cash & Equivalents

$129M

Previous: $98.1M+31.9%
Total Assets

$1.42B

Previous: $1.31B+8.3%
R&D Expense

$30M

No prior period

Revenue & EPS history

nCino · Revenue · Quarterly

$128M

Q1 2025+12.7%vs Q1 2024
Beat estimate in 4 of 4 quarters(100%)
ActualEstimate

Revenue by segment

nCino · $124M total across 2 segments · Q4 2024

  • Subscription
    $107M
  • Professional Services
    $16.2M

Forward guidance

nCino provided strong guidance for both the second quarter and the full fiscal year 2025, anticipating continued revenue growth and improved profitability.

Tailwinds

  • Second quarter total revenues are projected to be between $130.5 million and $131.5 million.
  • Second quarter subscription revenues are projected to be between $112.5 million and $113.5 million.
  • Second quarter non-GAAP operating income is projected to be between $17.0 million and $18.5 million.
  • Fiscal year 2025 total revenues are projected to be between $538.5 million and $544.5 million.
  • Fiscal year 2025 non-GAAP operating income is projected to be between $86.0 million and $89.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

33%

5 / 15 earnings

Positive

+13.9%

Q2 2026

Best reaction

-6.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.0%-4.0%
Q1 2027+4.6%+9.6%
Q3 2026-4.8%-2.8%-3.6%
Q2 2026+13.9%+11.9%-2.5%
Q1 2026-1.7%+1.8%+3.3%
Q3 2025-2.8%-2.2%+9.4%
Q2 2025-0.3%-6.5%-8.8%
Q1 2025-1.0%+2.6%+2.3%
Q4 2024-3.5%-6.1%-7.9%
Q3 2024+0.8%-1.6%+13.1%
Q3 2023+1.9%+7.2%+0.2%
Q2 2024+1.9%+14.0%+9.3%
Q1 2024-0.3%-12.9%+9.2%
Q2 2023-6.9%-0.0%+8.1%
Q1 2023-2.0%+6.4%-1.4%

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