Filing Flows › nCino (NCNO) › Q1 FY27
nCino (NCNO) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 27, 2026
nCino (NCNO) reported revenue of $159M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +7% from the quarter before. Operating margin was 13.2%, net earnings $13.6M (8.6% of revenue).
nCino, Q1 FY27: revenue $159M (+11% year over year), operating margin 13.2%, net earnings $13.6M, operating cash flow $81.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $159M | +7% | +11% |
| Gross profit | $101M | +10% | +17% |
| Operating profit | $21.1M | +649% | — |
| Net earnings | $13.6M | +64% | +145% |
| Operating cash flow | $81.4M | +529% | +50% |
| Free cash flow | $80.8M | — | +54% |
What changed
Revenue was $159.4M in Q1 FY27, up 11% year over year and up 7% from the previous quarter. Subscription was the largest line at 88% of revenue. Subscription added $15.3M year over year (up 12%), 100% of the total change.
Gross margin was 63.3%, up 3.3 points from Q1 FY26. Operating profit was $21.1M, a 13.2% margin (up 14.3 points year over year). Operating expenses fell 9% while revenue rose 11%. Net earnings were $13.6M, up 145% year over year. The effective tax rate was 10.1%.
Operating cash flow was $81.4M (up 50% year over year), 543% of net income including minority interests. Non-cash charges added back $10.1M of depreciation and amortization and $13.9M of share-based compensation. Working capital and other items added $42.4M. After purchases of property and equipment ($614K), free cash flow as the company reports it was $80.8M.
Questions
What was nCino's revenue in the first quarter fiscal 2027?
nCino (NCNO) reported revenue of $159M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +7% from the quarter before.
Was nCino profitable in the first quarter fiscal 2027?
Operating profit was $21.1M (13.2% of revenue) and net earnings $13.6M.
Source: nCino 10-Q on SEC EDGAR.