secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001902733-24-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino reports Q4 revenue $123.7M (+13% YoY), GAAP net income $1.2M; CRO Josh Glover departing
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- Q4 total revenue $123.7M (+13% YoY); subscription revenue $107.5M (+16% YoY). GAAP net income $1.2M vs ($21.2M) loss.
- Non-GAAP operating income $19.3M (vs $1.8M); non-GAAP EPS $0.21 (vs $0.04).
- FY2025 guidance: total revenue $538.5-544.5M, non-GAAP EPS $0.60-0.64.
- RPO of $1.0B (+9% YoY); $675M expected recognized in 24 months.
- President & CRO Josh Glover leaving April 12; Paul Clarkson promoted to EVP Global Revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000051/0001902733-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000190273324000051/ncno-20240322.htm
  HTML page:      https://secwatch.observer/filing/0001902733-24-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer