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nCino (NCNO) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Aug 25, 2026 · nCino (NCNO) Q2 FY27 earnings results →
Q2 FY27 Revenue up 8% year over year to $161M · 3¢ of every $1 of revenue kept as net profit · operating margin 8.5%
nCino made $161M in Q2 FY27 (+8% Y/Y): Subscription $143M, Professional services and other $17.5M. Operating margin 8.5%, net earnings $5.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 25, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $161.0M in Q2 FY27, up 8% year over year and up 1% from the previous quarter. Subscription was the largest line at 89% of revenue. Subscription added $12.7M year over year (up 10%), 104% of the total change. Professional services and other declined 3%.
Gross margin was 62.6%, up 3.4 points from Q2 FY26. Operating profit was $13.6M, a 8.5% margin (up 14.7 points year over year). Operating expenses fell 11% while revenue rose 8%. Net earnings were $5.1M. The effective tax rate was 19.3%.
Operating cash flow was $34.2M (up 93% year over year), 535% of net income including minority interests. Non-cash charges added back $10.1M of depreciation and amortization and $18.0M of share-based compensation. After purchases of property and equipment ($195K), free cash flow as the company reports it was $34.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Aug 25, 2026 | $161M | +8% | 8.5% | $5.1M | $34.2M |
| Q1 FY27 | 10-Q | May 27, 2026 | $159M | +11% | 13.2% | $13.6M | $81.4M |
| Q4 FY26 | 10-K | Mar 31, 2026 | $150M | +6% | 1.9% | $8.3M | $12.9M |
| Q3 FY26 | 10-Q | Dec 3, 2025 | $152M | +10% | 7.7% | $6.5M | $5.1M |
| Q2 FY26 | 10-Q | Aug 26, 2025 | $149M | +12% | -6.2% | −$13.7M | $17.7M |
| Q1 FY26 | 10-Q | May 28, 2025 | $144M | +12% | -1.0% | $6.0M | $54.3M |
| Q4 FY25 | 10-K | Apr 1, 2025 | $141M | +14% | -4.1% | −$15.6M | −$10.0M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About nCino
As employees at financial institutions (“FIs”) do their daily work and serve their clients, they often face inefficiencies from disparate systems, broken workflows, manual processes, and the inability to utilize their data effectively. This negatively impacts risk management, decision making, and the experiences of bankers and their clients. FIs need a unified platform that helps them reengineer every experience, from managing complex credit portfolios to streamlining account onboarding and loan origination. nCino helps FIs of all sizes optimize their operations by embedding banking intelligence directly into the tools FI employees already use. nCino's data foundation, which was developed from the workflows, decisions, and outcomes of financial institutions, enables our platform to deliver artificial intelligence (“AI”)-driven capabilities across our solutions.
In its own words, from its 10-K, filed Mar 31, 2026.
nCino against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +14%. Operating margin: 8.5% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NCNO nCino | Q2 FY27 | $161M | +8% | 8.5% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: nCino 10-Q on SEC EDGAR · CIK 1902733 · Services-Prepackaged Software
13F: who owns NCNO and who is buying
More on NCNO
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results