Complete financial analysis of nCino, Inc. (NCNO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of nCino, Inc., a leading company in the Software – Application industry within the Technology sector.
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nCino, Inc. (NCNO)
About nCino, Inc.
nCino, Inc., a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System, a tenant cloud platform, which digitizes, automates, and streamlines complex processes and workflow; and utilizes data analytics and artificial intelligence and machine learning (AI/ML) to enable banks and credit unions to onboard new clients, make loans and manage the entire loan life cycle, open deposit and other accounts, and manage regulatory compliance. The company's nCino IQ, an application suite that utilizes data analytics and AI/ML to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring, and managing credit risk, as well as to enhance their ability to comply with regulatory requirements. It also offers SimpleNexus, a suite of products that enables loan officers, borrowers, real estate agents, settlement agents, and others to engage in the homeownership process from internet-enabled device. The company serves financial institution customers, including global financial institutions, enterprise banks, regional banks, community banks, credit unions, new market entrants, and independent mortgage banks through sales team comprising business development representatives, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 476.54M | 273.87M | 204.29M | 204.29M | 138.18M | 91.53M | 58.14M |
| Cost of Revenue | 191.47M | 111.41M | 88.14M | 88.14M | 64.07M | 46.45M | 30.47M |
| Gross Profit | 285.07M | 162.45M | 116.16M | 116.16M | 74.11M | 45.08M | 27.67M |
| Gross Profit Ratio | 59.82% | 59.32% | 56.86% | 56.86% | 53.63% | 49.25% | 47.59% |
| Research & Development | 117.31M | 79.36M | 58.26M | 58.26M | 35.30M | 22.23M | 16.56M |
| General & Administrative | 76.73M | 71.55M | 40.77M | 40.77M | 22.54M | 14.79M | 8.93M |
| Selling & Marketing | 130.55M | 82.90M | 59.73M | 59.73M | 44.44M | 31.28M | 20.95M |
| SG&A | 207.27M | 154.45M | 100.50M | 100.50M | 66.98M | 46.07M | 29.89M |
| Other Expenses | 0.00 | -1.28M | 1.69M | 1.69M | 33.00K | -89.00K | -24.00K |
| Operating Expenses | 324.59M | 233.81M | 158.77M | 158.77M | 102.28M | 68.30M | 46.45M |
| Cost & Expenses | 510.03M | 345.22M | 246.90M | 246.90M | 166.35M | 114.75M | 76.92M |
| Interest Income | 2.57M | 194.00K | 361.00K | 361.00K | 988.00K | 1.19M | 260.00K |
| Interest Expense | 4.14M | 1.51M | 130.00K | 130.00K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 45.26M | 38.49M | 12.54M | 7.43M | 4.61M | 1.46M | 970.00K |
| EBITDA | 7.46M | -56.47M | -59.90M | -33.12M | -22.54M | -20.65M | -17.81M |
| EBITDA Ratio | 1.57% | -22.80% | -16.21% | -16.21% | -17.05% | -22.56% | -30.62% |
| Operating Income | -33.48M | -71.36M | -42.61M | -42.61M | -28.17M | -23.22M | -18.78M |
| Operating Income Ratio | -7.03% | -26.06% | -20.86% | -20.86% | -20.39% | -25.36% | -32.29% |
| Total Other Income/Expenses | -8.45M | -3.76M | -2.60M | 1.92M | 1.02M | 1.10M | 236.00K |
| Income Before Tax | -41.94M | -73.95M | -40.68M | -40.68M | -27.15M | -22.11M | -18.54M |
| Income Before Tax Ratio | -8.80% | -27.00% | -19.91% | -19.91% | -19.65% | -24.16% | -31.89% |
| Income Tax Expense | 1.59M | -23.83M | 586.00K | 586.00K | 586.00K | 194.00K | 50.00K |
| Net Income | -42.35M | -50.12M | -41.27M | -40.54M | -27.59M | -22.31M | -18.59M |
| Net Income Ratio | -8.89% | -18.30% | -20.20% | -19.84% | -19.97% | -24.37% | -31.97% |
| EPS | -0.38 | -0.45 | -0.43 | -0.43 | -0.31 | -0.25 | -0.21 |
| EPS Diluted | -0.38 | -0.45 | -0.43 | -0.43 | -0.31 | -0.25 | -0.21 |
| Weighted Avg Shares Out | 112.67M | 110.62M | 96.72M | 93.64M | 89.64M | 89.64M | 89.64M |
| Weighted Avg Shares Out (Dil) | 112.67M | 110.62M | 96.72M | 93.64M | 89.64M | 89.64M | 89.64M |
nCino, Inc. (NCNO) Q3 2024 Earnings Call Transcript
nCino Reports Third Quarter Fiscal Year 2024 Financial Results
nCino to Participate in Upcoming Investor Events
Alba Bank adopts nCino Cloud Banking Platform for SME lending
OneSavings Bank Bolsters its Technology Stack Through Strategic Partnership with nCino
nCino Announces Timing of its Third Quarter Fiscal Year 2024 Financial Results Conference Call
Citizens Bank Adopts Multiple nCino Solutions to Provide a Seamless Customer Experience Across Lines of Business
Truv's integration with nCino's Mortgage Suite enables simple income and employment verification for home loan applicants
Honor Bank Successfully Deploys nCino's Commercial Banking Solution
nCino to Host Inaugural Investor Day
Source: https://incomestatements.info
Category: Stock Reports