Filing Flows › nCino (NCNO) › Q3 FY26
nCino (NCNO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 3, 2025
nCino (NCNO) reported revenue of $152M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +2% from the quarter before. Operating margin was 7.7%, net earnings $6.5M (4.3% of revenue).
nCino, Q3 FY26: revenue $152M (+10% year over year), operating margin 7.7%, net earnings $6.5M, operating cash flow $5.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | +2% | +10% |
| Gross profit | $93.7M | +6% | +10% |
| Operating profit | $11.7M | — | — |
| Net earnings | $6.5M | — | — |
| Operating cash flow | $5.1M | -71% | -12% |
| Free cash flow | $4.9M | — | -4% |
What changed
Revenue was $152.2M in Q3 FY26, up 10% year over year and up 2% from the previous quarter. Subscription was the largest line at 88% of revenue. Subscription added $13.5M year over year (up 11%), 101% of the total change. Professional services and other declined 1%.
Gross margin was 61.6%, up 0.3 points from a year earlier. Operating profit was $11.7M, a 7.7% margin (up 8.3 points year over year). Operating expenses fell 5% while revenue rose 10%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $6.5M. The effective tax rate was -8.8%.
Operating cash flow was $5.1M (down 12% year over year), 59% of net income including minority interests. Non-cash charges added back $10.6M of depreciation and amortization and $18.3M of share-based compensation. Working capital and other items used $32.4M. After purchases of property and equipment ($174K), free cash flow as the company reports it was $4.9M.
Questions
What was nCino's revenue in the third quarter fiscal 2026?
nCino (NCNO) reported revenue of $152M for the third quarter fiscal 2026 (Q3 FY26), +10% from a year earlier and +2% from the quarter before.
Was nCino profitable in the third quarter fiscal 2026?
Operating profit was $11.7M (7.7% of revenue) and net earnings $6.5M.
Source: nCino 10-Q on SEC EDGAR.