Filing Flows › nCino (NCNO) › Q2 FY27
nCino (NCNO) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 25, 2026
nCino (NCNO) reported revenue of $161M for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +1% from the quarter before. Operating margin was 8.5%, net earnings $5.1M (3.2% of revenue).
nCino, Q2 FY27: revenue $161M (+8% year over year), operating margin 8.5%, net earnings $5.1M, operating cash flow $34.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $161M | +1% | +8% |
| Gross profit | $101M | -0.2% | +14% |
| Operating profit | $13.6M | -36% | — |
| Net earnings | $5.1M | -63% | — |
| Operating cash flow | $34.2M | -58% | +93% |
| Free cash flow | $34.0M | — | +170% |
What changed
Revenue was $161.0M in Q2 FY27, up 8% year over year and up 1% from the previous quarter. Subscription was the largest line at 89% of revenue. Subscription added $12.7M year over year (up 10%), 104% of the total change. Professional services and other declined 3%.
Gross margin was 62.6%, up 3.4 points from Q2 FY26. Operating profit was $13.6M, a 8.5% margin (up 14.7 points year over year). Operating expenses fell 11% while revenue rose 8%. Net earnings were $5.1M. The effective tax rate was 19.3%.
Operating cash flow was $34.2M (up 93% year over year), 535% of net income including minority interests. Non-cash charges added back $10.1M of depreciation and amortization and $18.0M of share-based compensation. After purchases of property and equipment ($195K), free cash flow as the company reports it was $34.0M.
Questions
What was nCino's revenue in the second quarter fiscal 2027?
nCino (NCNO) reported revenue of $161M for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +1% from the quarter before.
Was nCino profitable in the second quarter fiscal 2027?
Operating profit was $13.6M (8.5% of revenue) and net earnings $5.1M.
Source: nCino 10-Q on SEC EDGAR.