NASDAQ$NCNO

nCino Inc. · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

nCino reported strong third quarter fiscal year 2025 financial results, exceeding expectations for both revenues and non-GAAP operating income.

nCino, a leading provider of banking solutions, announced robust third quarter fiscal year 2025 results, with total revenues reaching $138.8 million, a 14% increase year-over-year, and non-GAAP operating income of $28.0 million, up 38%. The company also reported significant growth in subscription revenues and improved GAAP operating margins.

  • Total revenues increased by 14% year-over-year to $138.8 million.
  • Subscription revenues grew by 14% year-over-year to $119.9 million.
  • Non-GAAP operating income rose by 38% to $28.0 million, with the margin improving by approximately 350 basis points.
  • GAAP operating margin improved significantly, up approximately 1,000 basis points year-over-year to (1)%.
  • The company secured over 30 multi-solution deals and increased gross bookings from net new customers.

Headline financials

Total Revenue

$139M

Previous: $122M+13.8%
EPS (adj)

$0.21

Previous: -$0.15+240.0%
Capital Expenditures

-$1.47M

Previous: -$3.08M+52.4%
Free Cash Flow

-$6.72M

Previous: -$19.5M+65.5%
Net Income

-$5.25M

Previous: -$16.4M+67.9%
Operating Income

-$824K

Previous: -$12.9M+93.6%
Gross Profit

$85.1M

Previous: $73.9M+15.1%
Cash & Equivalents

$258M

Previous: $100M+156.7%
Total Assets

$1.52B

Previous: $1.27B+19.6%
R&D Expense

$32.4M

No prior period

Revenue & EPS history

nCino · Revenue · Quarterly

$139M

Q3 2025+13.8%vs Q3 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 guidance for its fourth quarter and full fiscal year 2025, projecting continued revenue growth and strong non-GAAP operating income.

Tailwinds

  • Fourth quarter total revenue guidance of $139.5 million to $141.5 million.
  • Fourth quarter subscription revenue guidance of $122.5 million to $124.5 million.
  • Fourth quarter non-GAAP operating income guidance of $23.25 million to $24.25 million.
  • Fourth quarter non-GAAP net income per diluted share guidance of $0.18 to $0.19.
  • Fiscal year 2025 total revenue guidance of $539.0 million to $541.0 million.
  • Fiscal year 2025 subscription revenue guidance of $467.0 million to $469.0 million.
  • Fiscal year 2025 non-GAAP operating income guidance of $95.0 million to $96.0 million.
  • Fiscal year 2025 non-GAAP net income per diluted share guidance of $0.75 to $0.76.

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 Q3 2025

Historical avgQ3 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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