nCino Inc. · Q2 2025 earnings

Briefing

nCino reported strong financial results for the second quarter of fiscal year 2025, exceeding guidance for total and subscription revenues as well as non-GAAP operating income.

nCino, Inc. announced robust financial results for the second quarter of fiscal year 2025, with total revenues reaching $132.4 million, a 13% increase year-over-year, and subscription revenues growing by 14% to $113.9 million. The company also achieved a non-GAAP operating income of $19.3 million, significantly up from $11.2 million in the prior year, demonstrating strong operational performance.

• Total revenues for Q2 FY25 were $132.4 million, marking a 13% increase year-over-year.
• Subscription revenues grew by 14% year-over-year to $113.9 million.
• Non-GAAP operating income for the quarter was $19.3 million, a substantial increase from $11.2 million in Q2 FY24.
• GAAP net loss attributable to nCino improved to $(11.0) million from $(15.9) million in the same period last year.

Headline financials

Revenue & EPS history

For the third quarter ending October 31, 2024, nCino expects total revenues between $136.0 million and $138.0 million, subscription revenues between $117.0 million and $119.0 million, non-GAAP operating income between $21.0 million and $22.0 million, and non-GAAP net income attributable to nCino per diluted share of $0.15 to $0.16. For the full fiscal year 2025, total revenues are projected to be between $538.5 million and $544.5 million, subscription revenues between $463.0 million and $469.0 million, non-GAAP operating income between $87.0 million and $90.0 million, and non-GAAP net income attributable to nCino per diluted share of $0.66 to $0.69.