nCino Reports 8.2% Revenue Growth and Net Income Turnaround in Q2 Fiscal 2027

nCino, Inc. reported a notable increase in financial performance for the second quarter of fiscal 2027, with total revenues rising to $161.0 million, an 8.2% increase from $148.8 million in the same period last year. Subscription revenues, which constitute the majority of the company's income, grew by 9.7% to $143.5 million, up from $130.8 million. For the first half of the fiscal year, total revenues reached $320.4 million, reflecting a 9.4% increase compared to $293.0 million in the prior year. The company achieved a net income of $5.1 million for the quarter, a significant turnaround from a net loss of $15.3 million in the previous year, and a net income of $18.7 million for the six-month period, compared to a loss of $9.7 million.

The financial results indicate a strategic shift in nCino's operations, particularly in managing costs. Total operating expenses decreased to $87.2 million for the quarter, down from $97.4 million, primarily due to reductions in general and administrative expenses, which fell to $19.2 million from $25.5 million. This reduction was attributed to a workforce restructuring plan implemented in the previous fiscal year, which aimed to enhance operational efficiency. The company also reported a gross profit margin improvement, with gross profit rising to $100.8 million, representing a gross margin of 62.6%, compared to 59.2% in the prior year.

Operationally, nCino has continued to expand its customer base and enhance product adoption. As of July 31, 2026, the company reported a total of 1,500 customers, an increase from 1,400 a year earlier. The company has also made significant investments in product development and strategic acquisitions, including the acquisition of Sandbox Banking, which has bolstered its capabilities in the mortgage sector. The company’s international revenue accounted for approximately 22.6% of total revenues for the quarter, indicating ongoing geographic expansion.

Looking ahead, nCino remains optimistic about its growth trajectory. The company anticipates continued revenue growth driven by increased adoption of its platform among existing customers and the acquisition of new clients. The company has also authorized a new stock repurchase program of up to $100 million, reflecting confidence in its financial position and commitment to returning value to shareholders. However, nCino acknowledges potential challenges, including macroeconomic factors such as fluctuating interest rates and inflation, which could impact its mortgage business and overall market conditions.