Reported Q: Q2 2025 Rev YoY: +12.9% EPS YoY: +32.2% Move: +0.62%
nCino Inc
NCNO
$14.51 0.62%
Exchange NASDAQ Sector Technology Industry Software Application
Q2 2025
Published: Aug 27, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NCNO

Reported

Report Date

Aug 27, 2024

Quarter Q2 2025

Revenue

132.40M

YoY: +12.9%

EPS

-0.10

YoY: +32.2%

Market Move

+0.62%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $132.40M up 12.9% year-over-year
  • EPS of $-0.10 increased by 32.2% from previous year
  • Gross margin of 59.3%
  • Net income of -11.04M
  • "“Banking Advisor only became generally available in the second quarter, we signed eight Banking Advisor deals in the quarter... and have taken our first customer live with it.”" - Pierre Naude
NCNO
Company NCNO

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Executive Summary

nCino reported Q2 2025 total revenues of $132.4 million, up 13% year over year, with non-GAAP gross margin at 66% and non-GAAP operating income of $19.3 million (15% non-GAAP operating margin). While GAAP operating income remained negative at about $(7.9) million and net income under GAAP was $(11.0) million, the company generated meaningful operating cash flow and free cash flow on a quarterly basis, underscoring the shift toward a platform-based revenue model and disciplined cost management. Management articulated a multi-year strategy to transition to platform pricing across the remainder of the business, a broadening product set (including Banking Advisor, DocFox, Allegro, SimpleNexus enhancements), and international expansion, with a stated objective of 50% YoY growth in net bookings for the year. The quarter featured rapid Banking Advisor adoption (8 deals in Q2 and the first live customer) and continued progress integrating DocFox and Allegro, while mortgage headwinds persisted but are expected to abate with anticipated rate cuts. The guidance implies continued topline momentum and a path to higher contribution from platform pricing in 2026 and beyond, albeit with ongoing Mortgage-related and international lumpiness risks.

Key Performance Indicators

Revenue
Increasing
132.40M
QoQ: 3.37% | YoY: 12.94%
Gross Profit
Increasing
78.47M
59.27% margin
QoQ: 7.09% | YoY: 13.42%
Operating Income
Increasing
-7.91M
QoQ: -607.45% | YoY: 46.56%
Net Income
Increasing
-11.04M
QoQ: -270.97% | YoY: 30.50%
EPS
Increasing
-0.10
QoQ: -267.05% | YoY: 32.21%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 148.82 -0.13 +12.4% View
Q1 2026 144.14 0.05 +12.5% View
Q4 2025 141.37 -0.16 +14.3% View
Q3 2025 138.80 -0.05 +13.8% View
Q2 2025 132.40 -0.10 +12.9% View