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nCino, Inc. NCNO Gross Profit

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Other financials

Income statement

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Revenue$159.4M+10.6%
Operating income$21.1M+1,496%
Net income$13.6M+145%
EPS (diluted)$0.12+140%

Balance sheet

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Cash & equivalents$103.1M-22.8%
Total debt$326.7M+356%
Total equity$970.4M-9.5%
Total assets$1.6B-2.6%

Cash flow

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Operating cash flow$81.4M+49.9%
CapEx$614.0K-64.3%
Free cash flow$80.8M+53.6%

Valuation

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Market cap$2.08B-33.4%
Enterprise value$2.3B-24.9%
P/E156.9×
P/S3.4×-2.0×

Profitability

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Gross margin61.4%+1.4pp
Operating margin4.3%+3.1pp
Net margin2.2%+1.3pp
FCF margin18.2%

Returns & leverage

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Return on equity1.3%+0.8pp
Debt / equity0.3×+0.3×
Current ratio0.9×-0.2×

Where this comes from

Calculated from nCino, Inc.’s reported figures.

The source filing: nCino, Inc.’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 5:08 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001902733-26-000066
Line itemThree Months Ended April 30, 2025Three Months Ended April 30, 2026
Subscription36,12539,244
Professional services and other21,57019,232
Total cost of revenues57,69558,476
Gross profit86,442100,938
Operating expenses
Sales and marketing32,97133,725
Research and development33,34128,865
General and administrative21,64317,229

Item 1. Financial Statements

FAQ

What is nCino, Inc.'s gross profit?
nCino, Inc. (NCNO) reported gross profit of $100.94M in Q1 2026.
How has nCino, Inc.'s gross profit changed year-over-year?
nCino, Inc.'s gross profit increased by 16.8% year-over-year, from $86.44M to $100.94M.
What is the long-term trend for nCino, Inc.'s gross profit?
Over 4 years (2022 to 2026), nCino, Inc.'s gross profit has grown at a 22.0% compound annual growth rate (CAGR), from $162.45M to $360.17M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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