Ncino, Inc. ( (NCNO) ) has released its Q3 earnings. Here is a breakdown of the information Ncino, Inc. presented to its investors.
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nCino, Inc. is a leading provider of intelligent banking solutions, specializing in digitizing and reengineering business processes for financial institutions worldwide. The company operates in the financial technology sector, offering a platform that integrates artificial intelligence to enhance decision-making and customer satisfaction.
In its latest earnings report for the third quarter of fiscal year 2026, nCino reported total revenues of $152.2 million, marking a 10% increase from the previous year. The company highlighted its strong execution and advancement in AI capabilities, which have bolstered its leadership position in the industry.
Key financial metrics from the report include a GAAP operating margin of 8% and a non-GAAP operating margin of 26%, both showing significant improvement year-over-year. Subscription revenues rose by 11% to $133.4 million, and the company achieved a GAAP net income of $6.5 million, compared to a loss in the previous year. Additionally, nCino completed a $100 million stock repurchase program and expanded its customer base with significant new agreements in Japan and the Czech Republic.
Looking ahead, nCino’s management remains optimistic about the company’s growth trajectory, projecting total revenues between $591.9 million and $593.4 million for fiscal year 2026. The company plans to continue expanding its AI capabilities and customer base, aiming to deliver comprehensive solutions that financial institutions can deploy with confidence.