nCino, Inc. (NCNO) AI Stock Analysis

nCino, Inc. is a software-as-a-service provider delivering cloud applications to financial institutions globally. Its core offering is the nCino Bank Operating System, a cloud platform designed to digitalize and automate banking workflows such as client onboarding, loan life cycle management, deposit account opening, and regulatory compliance using data analytics, artificial intelligence, and machine learning. Its nCino IQ application suite provides operational automation and credit risk analysis tools. Additionally, its SimpleNexus suite enables collaboration among loan officers, borrowers, real estate agents, and settlement agents. nCino serves global, enterprise, regional, and community banks, credit unions, new market entrants, and independent mortgage banks.

nCino expanded annual revenue from $273.9M in FY2022 to $594.8M in FY2026, delivering a 5-year revenue CAGR of 23.8%. Revenue growth slowed from 49.1% in FY2023 and 16.7% in FY2024 to 10.0% in FY2026. Gross margin widened modestly from 59.3% in FY2022 to 60.6% in FY2026. The company improved operating margin from -26.1% in FY2022 to 0.6% in FY2026, posting its first positive net income of $5.2M and EPS of $1.06. In the latest quarter ended July 31, 2026, quarterly revenue increased 8.2% year-over-year, while quarterly earnings grew 147.6%. For the trailing twelve months, revenue totaled $622.2M with a net profit margin of 5.4%.

As of July 31, 2026, nCino held $83.3M in cash and short-term investments against $338.6M in total debt, resulting in net debt of $255.3M. The current ratio stood at 0.85, while debt-to-equity was 0.36 on shareholders' equity of $929.8M. Total assets were $1.57B. In FY2026, the company generated $90.1M in operating cash flow and $82.6M in free cash flow. Capital expenditures totaled $7.5M, and share buybacks reached $125.1M.

At $20.51 per share, nCino has a market cap of $2.17B and an enterprise value of $2.29B. The stock trades at a trailing P/E of 64.1x and a forward P/E of 24.8x, both above the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its price-to-sales of 3.5x and EV/EBITDA of 24.8x also sit above peer medians of 2.8x and 16.6x. Over the past year, the stock declined 14.7%, trailing the S&P 500 (SPY) return of 16.8%, and is down 71.8% over five years compared to an 83.0% gain for the index.

Consensus ratings include 4 Strong Buys, 6 Buys, and 4 Holds, with no Sell or Strong Sell ratings. The mean price target of $24.42 represents 19.0% upside over the last close of $20.51. For the fiscal year ending January 31, 2027, analysts project revenue of $646.0M and EPS of $1.30, representing 21.6% EPS growth. For the following fiscal year, 14 analysts project revenue of $701.3M and EPS of $1.58. nCino beat EPS estimates in all 4 of the last 4 quarters. The next earnings date is December 2, 2026.

This page is an AI-written research summary of nCino, Inc. (NCNO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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