Company Overview - nCino, Inc. is a leading provider of intelligent banking solutions, recently expanding its presence in Europe by partnering with Banque Raiffeisen in Luxembourg [1][4] - Banque Raiffeisen, established in 1926, is Luxembourg's only cooperative bank, known for its commitment to customer-centric values [2][5] Partnership Details - The partnership aims to digitize Banque Raiffeisen's loan and credit chain management, enhancing operational efficiency and regulatory compliance [1][2] - nCino's platform will enable faster loan processing and a seamless digital customer experience for Banque Raiffeisen [2][3] Market Impact - This collaboration marks nCino's entry into the Luxembourg market, expanding its customer base to over twenty countries globally [3] - nCino offers AI-powered solutions across various banking sectors, including commercial onboarding, SME banking, and mortgage lending, aimed at automating processes and improving client experiences [3][4] Strategic Vision - nCino emphasizes the transformative potential of AI and intelligence-driven solutions in the financial services sector, positioning itself as a trusted partner for financial institutions [3][4] - The company integrates AI and actionable insights into its platform to enhance decision-making, risk management, and customer satisfaction [4]

WILMINGTON, N.C., April 15, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Zions Bancorporation has selected nCino as its technology platform as they digitally transform their loan origination process. Zions Bancorporation is a collection of extraordinary, locally led and community-focused banks serving businesses, households and local governments in some of the best growth markets in the nation. Zions' focus is ...

My previous investment thought on nCino, Inc. (NASDAQ: NCNO ) (published in January) was a downgrade to a hold rating because I was very worried about the negative macro developments. About two and a half months laterI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ult ...

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Group 1 - U.S. stock futures are lower, with Dow futures dropping over 50 points [1] - nCino, Inc. reported weaker-than-expected earnings for its fourth quarter, leading to a 31.5% decline in shares to $19.30 in pre-market trading [1] - nCino expects first-quarter total revenues between $138.75 million and $140.75 million, with adjusted earnings projected at 15 to 16 cents per share [1] Group 2 - Jayud Global Logistics Limited shares fell 78.3% to $0.3490 in pre-market trading [3] - Waton Financial Limited shares tumbled 28% to $14.30 after a significant increase of 396% on Tuesday [3] - Rapport Therapeutics, Inc. shares dipped 24.7% to $7.20 following a 5% decline on Tuesday [3] - Newsmax, Inc. shares fell 21.2% to $183.73 after a surge of 179% on Tuesday [3] - Regencell Bioscience Holdings Limited shares declined 9.6% to $26.21 after a 9% drop on Tuesday [3] - Microvast Holdings, Inc. shares decreased 7.7% to $1.43 after a 32% increase on Tuesday [3] - National CineMedia, Inc. shares fell 5.8% to $5.63 in pre-market trading [3] - MeridianLink, Inc. shares dropped 5.7% to $17.70 in pre-market trading [3] - Hims & Hers Health, Inc. shares dipped 5.2% to $29.45 after a 5% gain on Tuesday [3] - Tesla, Inc. shares fell 2.4% to $261.95 as sales in key European markets continued to decline [3]

Financial Data and Key Metrics Changes - Total revenues for Q4 were $141.4 million, a 14% year-over-year increase, and $540.7 million for fiscal '25, a 13% increase over fiscal '24 [44] - Subscription revenues were $125 million in Q4, a 16% year-over-year increase, and $469.2 million for the full year, a 15% increase year-over-year [44] - Non-GAAP operating income for fiscal '25 was $96.2 million, or 18% of total revenues, compared to $61.8 million, or 13% of total revenues in fiscal '24 [47] - Non-GAAP net income for Q4 was $13.9 million, or $0.12 per diluted share, compared to $23.8 million, or $0.21 per diluted share in Q4 of fiscal '24 [48] Business Line Data and Key Metrics Changes - The Consumer Lending business saw momentum with over 20 new deals in Q4, including two large banks with $80 billion and $50 billion in assets [33] - Professional services revenue was $16.4 million in Q4, a 1% year-over-year increase, and $71.5 million for the full year, a 7% increase year-over-year [44] Market Data and Key Metrics Changes - Non-U.S. total revenues were $33.3 million in Q4, up 34% year-over-year, and $116.2 million for fiscal '25, up 30% year-over-year [45] - The company ended fiscal '25 with 549 customers contributing over $100,000 to subscription revenues, a 10% increase from fiscal '24 [51] Company Strategy and Development Direction - The company aims to evolve into the worldwide leader in AI banking, focusing on leveraging data, analytics, and AI to drive efficiency [6][11] - The strategy includes enhancing the product portfolio with AI-driven solutions and expanding into consumer, small business, and mortgage opportunities [29][34] - The company is focused on executing a disciplined approach to capital allocation and aligning product roadmaps with market needs [30] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic headwinds have eased, and customers are forecasting growth in loan portfolios and deposit positions [39] - The company expects improved gross bookings growth as the year progresses, leading to subscription revenue growth reacceleration in fiscal '27 [23][39] - Management acknowledged challenges in execution and sales momentum but expressed confidence in overcoming these issues [19][40] Other Important Information - The company closed the acquisition of Sandbox Banking for $52.5 million, which is expected to enhance integration capabilities and reduce implementation timelines [50] - The company introduced a new pricing framework, with approximately 15% of ACV on platform pricing as of January 31, 2025 [53] Q&A Session Summary Question: Customer willingness to invest in 2025 - Management indicated that customers are turning the corner on previous headwinds and are focusing on improving efficiency, which aligns with the company's value proposition [84] Question: Difference between ACV and revenue growth rates - Management explained that revenue growth is a lagging indicator, while ACV growth is a leading indicator, with various headwinds impacting revenue projections for fiscal '26 [85][86] Question: Go-to-market investments and sales capacity - Management confirmed that they are solidifying their internal team and making intentional moves to reaccelerate growth in sales leadership and marketing functions [95][96]

Over the last four quarters, the company has surpassed consensus EPS estimates three times. nCino, which belongs to the Zacks Internet - Software industry, posted revenues of $141.37 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $123.69 million. The company has topped consensus revenue estimates four times over the last four quarters. NCino (NCNO) came out with quarterly earnings of $0.12 per share, missing the Zacks Conse ...

Customer Base and Growth - nCino ended fiscal 2025 with 2,789 customers, including 549 generating over $100,000 in subscription revenues, 105 over $1 million, and 14 over $5 million[31]. - nCino's customer base includes major global financial institutions such as Bank of America and Barclays, as well as regional banks and credit unions[30]. - Revenue increased from $408.3 million in fiscal 2023 to $476.5 million in fiscal 2024, and further to $540.7 million in fiscal 2025[68]. - Sales to customers outside the U.S. accounted for 15.1%, 18.7%, and 21.5% of total revenues for the fiscal years ended January 31, 2023, 2024, and 2025, respectively[129]. - The company expects subscription revenues to continue to increase as a proportion of total revenues over time[211]. Financial Performance - The company generated net losses of $102.7 million, $42.3 million, and $37.9 million for the fiscal years ended January 31, 2023, 2024, and 2025, respectively, with an accumulated deficit of $385.3 million as of January 31, 2025[63]. - Total revenues for fiscal 2025 were $540.7 million, representing a 15.1% compound annual growth rate from fiscal 2023 to 2025[207]. - Subscription revenues for fiscal 2025 were $469.2 million, with a compound annual growth rate of 16.7% from fiscal 2023 to 2025[207]. - The subscription revenue net retention rate for fiscal 2025 was 110%, down from 116% in fiscal 2024 and 144% in fiscal 2023[213]. - The company recorded net losses of $37.9 million in fiscal 2025, compared to $42.3 million in fiscal 2024 and $102.7 million in fiscal 2023[207]. Research and Development - The company invested 23.9% of its revenues back into research and development in fiscal 2025, with plans to continue this investment in fiscal 2026[32]. - Research and development expenditure was $129.4 million, representing 23.9% of total revenues in fiscal 2025[42]. - The company aims to enhance its solutions through AI capabilities, which may impact its business outcomes[64]. Strategic Acquisitions - The company has made strategic acquisitions, including SimpleNexus and Sandbox Banking, to augment its platform capabilities in mortgage lending and advanced analytics[21]. - The company completed three acquisitions in fiscal 2025 and announced one in fiscal 2026, indicating a focus on strategic growth through acquisitions[113]. - The company acquired DocFox for $74.3 million and Integrated Lending Technologies for $20.0 million in fiscal 2024, enhancing its platform capabilities[206]. - The company acquired Sandbox Banking for $52.5 million in February 2025, enhancing its data connectivity and operational capabilities[208]. Competition and Market Challenges - The company faces increased competition as existing competitors evolve their offerings and new companies enter the market[44]. - The company faces intense competition from larger firms with more resources, which could adversely affect its business and results of operations[105]. - Future revenue growth may be hindered by factors such as slowing demand, competition, and economic conditions[68]. Pricing and Revenue Model - nCino's transition to an asset-based pricing strategy is expected to align subscription revenues with the asset size of FIs, enhancing customer growth opportunities[32]. - The adoption of the new asset-based pricing model began in fiscal 2025, but there is no assurance it will generate expected revenues[70]. - The company’s pricing model changes may affect long-term customer subscription renewals and revenue[60]. Operational Risks - The company relies on data centers operated by Salesforce, AWS, and other third parties, which poses operational risks[64]. - The company faces risks from security threats, which could lead to unauthorized access to customer data and negatively impact business operations[75]. - Reliance on third-party providers for critical technology increases vulnerability to data security incidents[76]. - Disruptions in data centers operated by third parties, such as Salesforce and AWS, could adversely affect service delivery and customer experience[112]. Regulatory and Compliance Issues - Privacy and data security regulations, such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), impose evolving compliance obligations that may increase operational costs[88][93]. - Non-compliance with privacy laws could result in fines of up to €20 million or 4% of annual global revenue, whichever is greater, for serious violations[96]. - The EU Digital Operational Resilience Act (DORA) will impose regulatory obligations on financial services entities starting January 17, 2025, affecting the company's operations[100]. - Regulatory compliance is critical, as failure to meet applicable laws could adversely affect the company's ability to conduct business and attract customers[115]. Employee and Workforce Dynamics - As of January 31, 2025, the company had 1,833 employees, with approximately 73% located in the U.S.[49]. - The total number of employees increased from 436 as of January 31, 2018, to 1,833 as of January 31, 2025, indicating significant workforce expansion[124]. - The company faces intense competition for qualified personnel, particularly in software development and sales, which could impact its growth prospects[134]. Intellectual Property and Technology - The company has 12 issued patents related to the nCino Platform in the U.S. as of January 31, 2025[46]. - The company has faced challenges in protecting its proprietary technology and intellectual property rights, particularly in foreign markets[146]. - The company is subject to evolving regulations regarding AI technologies, which may require significant changes to policies and practices[109]. Future Outlook and Strategic Direction - The company’s future operating results are difficult to predict due to its limited operating history at the current scale[62]. - The transition to a new CEO, effective February 1, 2025, may impact the company's culture and innovation if not managed effectively[121]. - The company continues to monitor customer acquisition and retention strategies to mitigate attrition[216].

Exhibit 99.1 nCino Reports Fourth Quarter and Fiscal Year 2025 Financial Results Q4 Total Revenues of $141.4M, up 14% year-over-year Fiscal Year 2025 Total Revenues of $540.7M, up 13% year-over-year Q4 Subscription Revenues of $125.0M, up 16% year-over-year Fiscal Year 2025 Subscription Revenues of $469.2M, up 15% year-over-year WILMINGTON, N.C., April 1, 2025 -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the fourth ...

Q4 Total Revenues of $141.4M, up 14% year-over-year Fiscal Year 2025 Total Revenues of $540.7M, up 13% year-over-year Q4 Subscription Revenues of $125.0M, up 16% year-over-year Fiscal Year 2025 Subscription Revenues of $469.2M, up 15% year-over-year WILMINGTON, N.C., April 01, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the fourth quarter and fiscal year 2025, ended January 31, 2025. "We ende ...