earnings
confidence high
sentiment positive
materiality 0.80
nCino Q1 FY2027: Revenue up 11% to $159.4M, GAAP operating margin turns positive to 13%
nCino, Inc.
- Total revenues $159.4M (+11% YoY); subscription revenue $140.9M (+12% YoY).
- GAAP operating income $21.1M vs $(1.5M) loss a year ago; non-GAAP operating income $44.5M (+79%).
- Free cash flow $80.8M (+54% YoY); repurchased 6.1M shares for $93.1M at avg $15.20.
- Guidance: FY2027 total revenues $642-646M, non-GAAP op income $166-171M, free cash flow $135-140M.
- Business highlights: five-year renewal with top-5 Canadian bank; largest credit union new logo.