nCino, Inc. reported a total revenue of $594.8 million for the fiscal year ending January 31, 2026, marking a 10% increase from $540.7 million in the previous fiscal year. The company's subscription revenues, which constitute the majority of its income, rose to $523.1 million, up from $469.2 million in fiscal 2025. This growth was attributed to increased adoption of its solutions by existing customers and contributions from recent acquisitions, including FullCircl and Sandbox Banking. Notably, nCino achieved profitability for the first time, posting a net income of $5.2 million compared to a loss of $37.9 million in the prior year.
The company experienced significant operational changes during the fiscal year, including the appointment of Sean Desmond as President and CEO following Pierre Naudé's retirement. Additionally, nCino completed the acquisition of Sandbox Banking for $62.9 million, enhancing its capabilities in data connectivity and operational efficiency. The company also executed a stock repurchase program, buying back approximately 5 million shares for $125 million, which reflects its commitment to returning value to shareholders.
nCino's customer base expanded to over 2,700, with approximately 1,500 being depository financial institutions. The company reported that 620 of its customers generated more than $100,000 in subscription revenues, while 14 customers contributed over $5 million. The subscription revenue net retention rate remained stable at 110%, indicating strong customer loyalty and expansion within existing accounts. The company also noted a 22.1% contribution from international sales, highlighting its ongoing geographic expansion efforts.
The filing indicated that nCino's operational efficiency is supported by its investment in artificial intelligence and automation, which are embedded in its platform to enhance decision-making and streamline processes for financial institutions. The company invested 21.4% of its revenues back into research and development, focusing on extending the functionality of its platform and improving customer experiences. Looking ahead, nCino aims to continue its growth trajectory by expanding its customer base and enhancing product functionality, while navigating the challenges posed by a fluctuating economic environment and competitive landscape.
In summary, nCino's fiscal 2026 results reflect a successful transition to profitability, driven by revenue growth, strategic acquisitions, and a focus on customer retention and expansion. The company remains optimistic about its future prospects, emphasizing its commitment to innovation and operational excellence in the financial technology sector.
About nCino, Inc.
nCino provides a cloud-based platform that streamlines banking operations, including loan origination, account onboarding, and portfolio management. Built on Salesforce and AWS, it integrates AI and automation to enhance efficiency, risk management, and customer experience for financial institutions worldwide. Serving banks, credit unions, and fintechs, it offers configurable, scalable solutions that replace legacy systems and support regulatory compliance.
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