Filing Flows › nCino (NCNO) › Q1 FY27 › vs Q4 FY26
nCino (NCNO) Q1 FY27 vs Q4 FY26 (quarter over quarter)
nCino's revenue rose $9.7M (+7%) from $150M in Q4 FY26 to $159M in Q1 FY27. The biggest changes: Subscription +$7.5M (+6%); Professional services and other +$2.2M (+14%). Gross margin 63.3% against 61.4% (+1.9 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 63.3% | 61.4% | +1.9 pts |
| Operating margin | 13.2% | 1.9% | +11.4 pts |
| Net margin | 8.6% | 5.6% | +3.0 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $141M | $133M | $7.5M | +6% |
| Professional services and other | $18.5M | $16.3M | $2.2M | +14% |
| Revenue | $159M | $150M | $9.7M | +7% |
| Gross profit | $101M | $91.9M | $9.0M | +10% |
| Cost of revenue | $58.5M | $57.8M | $726K | +1% |
| Operating profit | $21.1M | $2.8M | $18.3M | +649% |
| Operating expenses | $79.8M | $89.1M | −$9.3M | -10% |
| Pre-tax earnings | $16.7M | $746K | $15.9M | 22× |
| Other expense, net | $4.4M | $2.1M | $2.4M | +114% |
| Research & development | $28.9M | $30.0M | −$1.1M | -4% |
| Sales & marketing | $33.7M | $33.2M | $508K | +2% |
| General & admin | $17.2M | $25.9M | −$8.7M | -33% |
| Net earnings | $13.6M | $8.3M | $5.3M | +64% |
| Minority interests | $1.4M | $454K | $896K | +197% |
| Income tax | $1.7M | −$8.0M | $9.7M | — |
| Depreciation & amortization | $10.1M | $10.3M | −$174K | -2% |
| Share-based compensation | $13.9M | $21.2M | −$7.3M | -34% |
| Working capital & other | $43.8M | −$26.9M | $70.6M | — |
| Operating cash flow | $81.4M | $12.9M | $68.5M | +529% |
Questions
How much did nCino's revenue grow quarter over quarter in Q1 FY27?
nCino's revenue rose $9.7M (+7%) from $150M in Q4 FY26 to $159M in Q1 FY27.
What drove nCino's revenue change in Q1 FY27?
Subscription +$7.5M (+6%); Professional services and other +$2.2M (+14%).