Filing Flows › nCino (NCNO) › Q2 FY26
nCino (NCNO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 26, 2025
nCino (NCNO) reported revenue of $149M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +3% from the quarter before. Operating margin was -6.2%, net loss $13.7M (9.2% of revenue).
nCino, Q2 FY26: revenue $149M (+12% year over year), operating margin -6.2%, net loss $13.7M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $149M | +3% | +12% |
| Operating profit | −$9.3M | — | — |
| Net earnings | −$13.7M | -328% | — |
| Operating cash flow | $17.7M | -67% | +255% |
| Free cash flow | $12.6M | — | +176% |
What changed
Revenue was $148.8M in Q2 FY26, up 12% year over year and up 3% from the previous quarter. Subscription was the largest line at 88% of revenue. Subscription added $16.8M year over year (up 15%), 103% of the total change. Professional services and other declined 2%.
Gross margin was 59.2%, unchanged from a year earlier. Operating costs exceeded revenue by $9.3M, an operating margin of -6.2%. Operating expenses grew 13% against revenue growth of 12%. The fastest-growing cost line was General & admin (+25%). The quarter ended with a net loss of $13.7M, after a profit of $6.0M the previous quarter.
Operating cash flow was $17.7M (up 255% year over year). Non-cash charges added back $10.7M of depreciation and amortization and $18.6M of share-based compensation. Working capital and other items added $2.1M. After purchases of property and equipment ($5.1M), free cash flow as the company reports it was $12.6M.
Questions
What was nCino's revenue in the second quarter fiscal 2026?
nCino (NCNO) reported revenue of $149M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +3% from the quarter before.
Was nCino profitable in the second quarter fiscal 2026?
Operating loss was $9.3M (-6.2% of revenue) and net loss $13.7M.
Source: nCino 10-Q on SEC EDGAR.