Filing Flows › nCino (NCNO) › Q2 FY27 › vs Q1 FY27
nCino (NCNO) Q2 FY27 vs Q1 FY27 (quarter over quarter)
nCino's revenue rose $1.6M (+1%) from $159M in Q1 FY27 to $161M in Q2 FY27. The biggest changes: Subscription +$2.5M (+2%); Professional services and other −$946K (-5%). Gross margin 62.6% against 63.3% (-0.7 pts).
nCino, Q2 FY27: revenue $161M (+8% year over year), operating margin 8.5%, net earnings $5.1M, operating cash flow $34.2M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 62.6% | 63.3% | -0.7 pts |
| Operating margin | 8.5% | 13.2% | -4.8 pts |
| Net margin | 3.2% | 8.6% | -5.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription | $143M | $141M | $2.5M | +2% |
| Professional services and other | $17.5M | $18.5M | −$946K | -5% |
| Revenue | $161M | $159M | $1.6M | +1% |
| Gross profit | $101M | $101M | −$167K | -0.2% |
| Cost of revenue | $60.2M | $58.5M | $1.8M | +3% |
| Operating profit | $13.6M | $21.1M | −$7.5M | -36% |
| Operating expenses | $87.2M | $79.8M | $7.3M | +9% |
| Pre-tax earnings | $7.9M | $16.7M | −$8.7M | -52% |
| Other expense, net | $5.7M | $4.4M | $1.2M | +28% |
| Research & development | $31.0M | $28.9M | $2.2M | +8% |
| Sales & marketing | $36.9M | $33.7M | $3.2M | +10% |
| General & admin | $19.2M | $17.2M | $1.9M | +11% |
| Net earnings | $5.1M | $13.6M | −$8.6M | -63% |
| Minority interests | $1.3M | $1.4M | −$33K | -2% |
| Income tax | $1.5M | $1.7M | −$154K | -9% |
| Depreciation & amortization | $10.1M | $10.1M | −$27K | -0.3% |
| Share-based compensation | $18.0M | $13.9M | $4.1M | +29% |
| Working capital & other | $1.1M | $43.8M | −$42.7M | -98% |
| Operating cash flow | $34.2M | $81.4M | −$47.2M | -58% |
Questions
How much did nCino's revenue grow quarter over quarter in Q2 FY27?
nCino's revenue rose $1.6M (+1%) from $159M in Q1 FY27 to $161M in Q2 FY27.
What drove nCino's revenue change in Q2 FY27?
Subscription +$2.5M (+2%); Professional services and other −$946K (-5%).