Filing Flows › nCino (NCNO) › Q1 FY27 › vs Q1 FY26
nCino (NCNO) Q1 FY27 vs Q1 FY26 (year over year)
nCino's revenue rose $15.3M (+11%) from $144M in Q1 FY26 to $159M in Q1 FY27. The biggest changes: Subscription +$15.3M (+12%); Professional services and other −$64K (-0.3%). Gross margin 63.3% against 60.0% (+3.3 pts).
nCino, Q1 FY27: revenue $159M (+11% year over year), operating margin 13.2%, net earnings $13.6M, operating cash flow $81.4M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 60.0% | +3.3 pts |
| Operating margin | 13.2% | -1.0% | +14.3 pts |
| Net margin | 8.6% | 3.9% | +4.7 pts |
| Free cash flow margin | 50.7% | 36.5% | +14.2 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $141M | $126M | $15.3M | +12% |
| Professional services and other | $18.5M | $18.5M | −$64K | -0.3% |
| Revenue | $159M | $144M | $15.3M | +11% |
| Gross profit | $101M | $86.4M | $14.5M | +17% |
| Cost of revenue | $58.5M | $57.7M | $781K | +1% |
| Operating profit | $21.1M | −$1.5M | $22.6M | — |
| Operating expenses | $79.8M | $88.0M | −$8.1M | -9% |
| Pre-tax earnings | $16.7M | $10.6M | $6.1M | +58% |
| Other expense, net | $4.4M | −$12.1M | $16.5M | — |
| Research & development | $28.9M | $33.3M | −$4.5M | -13% |
| Sales & marketing | $33.7M | $33.0M | $754K | +2% |
| General & admin | $17.2M | $21.6M | −$4.4M | -20% |
| Net earnings | $13.6M | $5.6M | $8.1M | +145% |
| Minority interests | $1.4M | $455K | $895K | +197% |
| Income tax | $1.7M | $4.5M | −$2.9M | -63% |
| Depreciation & amortization | $10.1M | $10.7M | −$622K | -6% |
| Share-based compensation | $13.9M | $15.8M | −$1.9M | -12% |
| Working capital & other | $43.8M | $22.2M | $21.5M | +97% |
| Operating cash flow | $81.4M | $54.3M | $27.1M | +50% |
| Free cash flow (company-reported) | $80.8M | $52.6M | $28.2M | +54% |
| Purchases of property and equipment | $614K | $1.7M | −$1.1M | -64% |
Questions
How much did nCino's revenue grow year over year in Q1 FY27?
nCino's revenue rose $15.3M (+11%) from $144M in Q1 FY26 to $159M in Q1 FY27.
What drove nCino's revenue change in Q1 FY27?
Subscription +$15.3M (+12%); Professional services and other −$64K (-0.3%).