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nCino, Inc. NCNO Subscription — Cost of subscription revenues

Other product segments

Professional services and other
$309K-10.4%

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SCSCProduct — Depreciation expense reported as part of cost of goods sold
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Other financials

Income statement

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Revenue$159.4M+10.6%
Gross profit$100.9M+16.8%
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

Reported directly by nCino, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldDepreciation.

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
Cost of subscription revenues$108$92
Cost of professional services and other revenues345309
Sales and marketing310307
Research and development572441
General and administrative181141
Total depreciation expense$1,516$1,290

Item 1. Financial Statements

FAQ

What is nCino, Inc.'s subscription — cost of subscription revenues?
nCino, Inc. (NCNO) reported subscription — cost of subscription revenues of $92K in Q1 2026.
How has nCino, Inc.'s subscription — cost of subscription revenues changed year-over-year?
nCino, Inc.'s subscription — cost of subscription revenues decreased by 14.8% year-over-year, from $108K to $92K.
What is the long-term trend for nCino, Inc.'s subscription — cost of subscription revenues?
Over 4 years (2022 to 2026), nCino, Inc.'s subscription — cost of subscription revenues has grown at a 6.5% compound annual growth rate (CAGR), from $337K to $434K.
What does subscription — cost of subscription revenues mean?
This metric isolates the specific direct costs directly attributable to the provision of subscription software access, excluding broader overhead or professional services costs. It provides a focused view of the variable costs required to maintain and serve the cloud-based platform to existing clients. Investors use this to evaluate the direct profitability of the core subscription offering.

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