nCino, Inc. reported financial results for the fourth quarter and fiscal year ended January 31, 2026.
“On March 31, 2026, the Company issued a press release announcing its financial results for its fourth quarter and fiscal year ended January 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.”
Material Agreements
nCino, Inc. entered into accelerated share repurchase agreement (the "ASR Agreement") with Wells Fargo Bank, National Association valued at $100 million (effective 2026-03-31).
“On March 31, 2026, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”) under which the Company will purchase $100 million of its own outstanding common stock, par value $0.0005 per share (the “Common Stock”).”
Material Agreements
nCino, Inc. amended Incremental Facility Amendment (the "First Amendment") with the lenders party thereto and Bank of America, N.A., as administrative agent valued at $200 million (effective 2026-03-30).
“On March 30, 2026, nCino, Inc. (the “Company”) entered into an Incremental Facility Amendment (the “First Amendment”) to that certain Credit Agreement, dated as of October 28, 2024 (the “Credit Agreement”), by and among the Company, nCino OpCo, Inc. (the “Borrower”), certain subsidiaries of the Company as guarantors, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as administrative agent (the “Agent”), pursuant to which the Lenders are providing to the Borrower a senior secured incremental term loan of $200 million (the “Term Loan”).”
Governance Changes
nCino, Inc.: Approved amendment to declassify the Board of Directors, phasing out classified terms and providing for annual election of directors (effective 2025-06-18).
“the stockholders of nCino, Inc., a Delaware corporation (the “Company”), approved a proposal to amend and restate (the “Amendment”) the Company’s Second Amended and Restated Certificate of Incorporation to phase out the classification of the terms of the Company’s board of directors (the “Board”) and to provide instead for the annual election of directors”
Justin Nyweide was appointed as Director at nCino, Inc..
“On February 9, 2025, the Board increased the size of the Board from nine (9) to ten (10) directors and appointed Justin Nyweide to the Board, effective upon the execution and delivery of the Cooperation Agreement.”
Pierre Naudé was appointed as Executive Chairman at nCino, Inc..
“appointed Pierre Naudé, the Company's Chairman and Chief Executive Officer, as the Executive Chairman of the Board”
Sean Desmond was appointed as Class II Director at nCino, Inc..
“the Board also approved an increase in the size of the Board from eight to nine directors, and appointed Mr. Desmond as a Class II Director, effective February 1, 2025.”
Sean Desmond was appointed as Chief Executive Officer at nCino, Inc..
“appointed Sean Desmond, the Company's Chief Product Officer, as the Company's Chief Executive Officer”
Sean Desmond was appointed as Chief Product Officer at nCino, Inc..
“Sean Desmond, who has served as the Company’s Chief Customer Success Officer since July 2013, will succeed Mr. Hansen as the Company’s Chief Product Officer.”
Matthew Hansen departed as Chief Product Officer at nCino, Inc..
“Matthew Hansen, the Company’s Chief Product Officer, notified the Company on March 26, 2024 that he will step down from that position effective May 1, 2024.”
Earnings Releases
nCino, Inc. reported fourth quarter and fiscal year ended January 31, 2024 results: revenue $123.7M, net income $1.2 million, EPS $0.01 per diluted share. Guidance initiated.
“unless expressly incorporated by reference in such filing. --- EX-99.1 (EX-99.1) --- nCino Reports Fourth Quarter and Fiscal Year 2024 Financial Results Q4 Total Revenues of $123.7M, up 13% year-over-year Fiscal Year 2024 Total Revenues of $476.5M, up 17% year-over-year Q4 Subscription Revenues of $107.5M, up 16% year-over-year Fiscal Year 2024 Subscription”
Paul Clarkson was named as Executive Vice President Global Revenue at nCino, Inc..
“Paul Clarkson, who has previously worked closely with Mr. Glover during Mr. Clarkson’s tenure as Executive Vice President Global Banking, has been named Executive Vice President Global Revenue, effective immediately, and will assume certain of Mr. Glover’s responsibilities.”
Josh Glover departed as President and Chief Revenue Officer at nCino, Inc..
“On March 22, 2024, Josh Glover, the Company’s President and Chief Revenue Officer, notified the Company that he is leaving the Company effective April 12, 2024 to pursue an opportunity outside of the financial services industry.”
Debt Financings
nCino, Inc. amended revolving credit of up to $100,000,000 with Bank of America, N.A. at Term SOFR rate plus a margin of 2.3125% maturing March 17, 2029.
“certain subsidiaries of the Company as guarantors and the Lender, pursuant to which the Lender is providing to the Borrower a senior secured revolving credit facility of up to $100,000,000 (the “Credit Facility”). The Credit Facility includes borrowing capacity available for letters of credit subject to a sublimit of $7,500,000. Any issuance of letters of credit”
Material Agreements
nCino, Inc. amended Second Amendment with Bank of America, N.A. valued at $100,000,000 (effective 2024-03-17).
“On March 17, 2024, nCino, Inc. (the “Company”) entered into a Second Amendment (the “Amendment”), by and among the Company, nCino OpCo, Inc. (the “Borrower”), certain subsidiaries of the Company as guarantors and Bank of America, N.A., as lender (the “Lender”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of February 11, 2022, by and among the Company, the Borrower, certain subsidiaries of the Company as guarantors and the Lender, pursuant to which the Lender is providing to the Borrower a senior secured revolving credit facility of up to $100,000,000 (the “Credit Facility”).”
Debt Financings
nCino, Inc. amended revolving credit with Bank of America, N.A. maturing February 11, 2025.
“The Amendment extended the existing maturity date of the senior secured revolving credit facility provided for under the Credit Agreement to February 11, 2025.”
Material Agreements
nCino, Inc. amended First Amendment with Bank of America, N.A., as lender (effective 2024-02-09).
“On February 9, 2024, nCino, Inc. (the “Company”) entered into a First Amendment (the “Amendment”), by and among the Company, nCino OpCo, Inc. (the “Borrower”), certain subsidiaries of the Company as guarantors and Bank of America, N.A., as lender (the “Lender”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of February 11, 2022, by and among the Company, the Borrower, certain subsidiaries of the Company as guarantors and the Lender.”
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