What is nCino, Inc.'s net debt?

nCino, Inc. (NCNO) reported net debt of $223.58M in Q1 2026.

How has nCino, Inc.'s net debt changed year-over-year?

nCino, Inc.'s net debt increased by 460.6% year-over-year, from -$62M to $223.58M.

What is the long-term trend for nCino, Inc.'s net debt?

Over 5 years (2021 to 2026), nCino, Inc.'s net debt has grown at a -10.9% compound annual growth rate (CAGR), from -$338.5M to $190.01M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

nCino, Inc. NCNO Net debt

Discontinued — last reported Q1 '27

Net debt at other companies

Sonos, Inc.SONO

-0.4×—

ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

Global PartnersGLP

1.7×+0.2×

Ivanhoe ElectricIE

-19.6×—

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

See full

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$1.61B-25.8%

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

See full

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.

$326.7Mtotal debt−$103.1Mcash and equivalents=$223.58M

The official record: nCino, Inc.’s 10-Q, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is nCino, Inc.'s net debt?: nCino, Inc. (NCNO) reported net debt of $223.58M in Q1 2026.
How has nCino, Inc.'s net debt changed year-over-year?: nCino, Inc.'s net debt increased by 460.6% year-over-year, from -$62M to $223.58M.
What is the long-term trend for nCino, Inc.'s net debt?: Over 5 years (2021 to 2026), nCino, Inc.'s net debt has grown at a -10.9% compound annual growth rate (CAGR), from -$338.5M to $190.01M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.