Fintech firm nCino beats Q2 revenue estimates

nCino

26/08/2025 21:14

Overview

nCino fiscal Q2 total rev grows 12% yr/yr, beating analysts' expectations

Adjusted EPS and net income also beat consensus

Co repurchased 750,000 shares, showing confidence in strategic direction

Outlook

nCino sees Q3 total revenues between $146 mln and $148 mln

Company expects Q3 subscription revenues between $127.5 mln and $129.5 mln

nCino projects FY2026 total revenues between $585 mln and $589 mln

Company forecasts FY2026 subscription revenues between $513.5 mln and $517.5 mln

Result Drivers

SUBSCRIPTION REVENUE GROWTH - Subscription revenues rose 15% yr/yr to $130.8 mln, driven by strong customer demand

GEOGRAPHIC EXPANSION - Signed first Spanish customer and expanded relationships with major banks in North America

AI-BANKING FOCUS - Strategic emphasis on AI-banking innovation contributing to growth, per CEO Sean Desmond

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$148.82 mln
$143.20 mln (14 Analysts)
Q2 Adjusted EPS
Beat
$0.22
$0.14 (14 Analysts)
Q2 Adjusted Net Income
Beat
$25.70 mln
$16.50 mln (12 Analysts)
Q2 Gross Margin
59.0%
Q2 Adjusted Operating Income
Beat
$30 mln
$24.10 mln (14 Analysts)
Q2 Subscription Revenue
$130.80 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for nCino Inc is $33.00, about 14% above its August 25 closing price of $28.37

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release: ID:nGNX5Jczft

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)