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nCino(NCNO) - 2026 Q1 - Earnings Call Presentation
2025-05-28 20:21
มใน NCino. First Quarter Fiscal Year 2026 May 28, 2025 Cautionary Note Regarding Forward-Looking Statements, Disclaimers and Financial Measures In addition to financial information presented in accordance with U.S. aenerally accepted accounting principles ("GAAP"), this presentation includes certain nol-GAR financial mecaures, including Non-GAP Operating Loss. Any non-GAPP measure is presented for supplemental informational purcosses only and should not be considered a substlute for financial information pr ...
nCino(NCNO) - 2026 Q1 - Quarterly Report
2025-05-28 20:19
Revenue Growth - Total revenues increased from $128,087 thousand in Q1 2024 to $144,137 thousand in Q1 2025, representing a growth of 12.5%[17] - Subscription revenues rose from $110,406 thousand in Q1 2024 to $125,588 thousand in Q1 2025, an increase of 13.8%[17] - Total revenue for the three months ended April 30, 2025, was $144.1 million, representing a 12.6% increase from $128.1 million in the same period of 2024[67] - Revenues from the United States for the three months ended April 30, 2025, were $112.6 million, up from $102.2 million in the same period of 2024[160] - Subscription revenues for the three months ended April 30, 2025, were $125.6 million, a 13.8% increase from $110.4 million in the same period of 2024[182] Profitability - Net income attributable to nCino, Inc. improved from a loss of $2,976 thousand in Q1 2024 to a profit of $5,562 thousand in Q1 2025[17] - The net income attributable to the Company for the three months ended April 30, 2025, was $5.6 million, compared to a net loss of $3.0 million for the same period in 2024, representing a significant turnaround[157] - Net income improved from a loss of $2.3 million in Q2 2024 to a profit of $6.0 million in Q2 2025[202] Operating Expenses - Operating expenses increased from $80,570 thousand in Q1 2024 to $87,955 thousand in Q1 2025, reflecting a rise of 9.4%[17] - Operating expenses increased from $80.6 million in Q2 2024 to $88.0 million in Q2 2025, with the operating loss narrowing from $3.7 million to $1.5 million[211] - Sales and marketing expenses rose by $4.9 million, driven by increased personnel costs and marketing expenses[212] Cash Flow and Liquidity - Cash flows from operating activities remained stable, with $54,442 thousand in Q1 2024 compared to $54,320 thousand in Q1 2025[27] - The company reported a net cash increase of $17,394 thousand in Q1 2024, while in Q1 2025, the increase was $12,313 thousand[27] - Cash and cash equivalents at the end of the period decreased slightly from $129,481 thousand in Q1 2024 to $133,230 thousand in Q1 2025[27] Acquisitions - The company acquired DocFox for $74.3 million, with transaction costs of approximately $3.9 million recorded in general and administrative expenses[79] - The FullCircl acquisition was completed for a total consideration of $142.4 million, with $129.2 million paid in cash at the acquisition date[94] - The company acquired Sandbox Banking for an aggregate purchase price of $62.9 million, enhancing its data connectivity and operational capabilities[179] Stock and Shareholder Actions - In March 2025, the Board of Directors authorized a stock repurchase program of up to $100 million, with $59.4 million remaining as of April 30, 2025[119][121] - During the three months ended April 30, 2025, the company repurchased 1,829,113 shares at an average price of $22.17, totaling $40.551 million[120] - The company granted 2,644,929 RSUs on May 1, 2025, expecting to recognize stock-based compensation expense of $60.5 million over a weighted average period of 4 years[163] Future Expectations - The Company expects to incur restructuring charges of approximately $7.5 to $9.0 million in the second quarter of fiscal 2026 due to a workforce reduction of about 7%[165] - The company expects to increase investment in product development and sales and marketing to drive future growth[188] - The company anticipates that subscription revenues will continue to make up an increasing proportion of total revenues over time[185] Financial Position - The Company had outstanding debt of $208.5 million under the 2024 Credit Facility as of April 30, 2025, with an interest rate of 6.32% and an available borrowing capacity of $41.5 million[143] - The total lease liabilities as of April 30, 2025, amounted to $21.169 million, with long-term lease obligations of $12.338 million[131] - The Company had total purchase commitments of $217.1 million and financing obligations of $52.4 million as of April 30, 2025[149]
nCino(NCNO) - 2026 Q1 - Quarterly Results
2025-05-28 20:06
Exhibit 99.1 nCino Reports First Quarter Fiscal Year 2026 Financial Results WILMINGTON, N.C., May 28, 2025 -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the first quarter of fiscal year 2026, ended April 30, 2025. "Strong execution drove financial results above guidance, underscoring our ability to deliver value for shareholders and customers," said Sean Desmond, CEO at nCino. "We're fulfilling our commitments and a ...
nCino Reports First Quarter Fiscal Year 2026 Financial Results
Globenewswire· 2025-05-28 20:05
• Total Revenues of $144.1M, up 13% year-over-year• Subscription Revenues of $125.6M, up 14% year-over-year WILMINGTON, N.C., May 28, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced financial results for the first quarter of fiscal year 2026, ended April 30, 2025. "Strong execution drove financial results above guidance, underscoring our ability to deliver value for shareholders and customers," said Sean Desmond, CEO ...
nCino to Participate in Upcoming Investor Events
Globenewswire· 2025-05-21 20:05
WILMINGTON, N.C., May 21, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Baird’s 2025 Global Consumer, Technology, & Services ConferencePresentation: Tuesday June 3, at 9:40 a.m. ET BofA Securities 2025 Global Technology ConferencePresentation: Thursday June 5, at 10:40 a.m. PT (1:40 p.m. ET) Morgan Stanley US Financial ConferencePresentation: Tuesday June 10, ...
nCino (NCNO) 2025 Earnings Call Presentation
2025-05-21 07:06
T U E S D AY M AY 2 0 , 2 0 2 5 Cautionary Note Regarding Forward-Looking Statements, Disclaimers and Financial Measures This presentation contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino's first quarter fiscal 2026 financial results, future performance, outlook, guidance, the assumptions underlying those statements, the benefits from the use of nCino's solutions, our strategies, and general business conditions. Forward- looking stat ...
nCino (NCNO) 2025 Investor Day Transcript
2025-05-20 18:00
nCino (NCNO) 2025 Investor Day May 20, 2025 01:00 PM ET Speaker0 How's it going? Good to hang out with everybody a little bit last night on the rooftop for folks who made it early. We appreciate that. Appreciate the opportunity maybe to ask some questions before the session, and we expect to get questions after the session as well. I will start with just the obligatory cautionary note on forward looking statements and disclaimers, and I'd be remiss if I didn't mention that at the onset here, so take everyth ...
nCino Announces Preliminary First Quarter Fiscal Year 2026 Financial Results Exceed Top End of Guidance
Globenewswire· 2025-05-20 13:00
WILMINGTON, N.C., May 20, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that preliminary financial results for its first quarter ended April 30, 2025, exceed the top end of previously disclosed financial guidance ranges for Total Revenues, Subscription Revenues, and non-GAAP Operating Income. The Company will report its first quarter fiscal 2026 results after the market closes on Wednesday, May 28, 2025. The results ...
nCino Unveils Transformative AI-Powered Banking Solutions at nSight 2025
Globenewswire· 2025-05-20 12:30
Key nCino Platform enhancements released to help banks, credit unions, and IMBs gain a competitive advantage through intelligence-driven automation Company launches nCino Research Institute to deliver economic insights and actionable strategies for banking growth WILMINGTON, N.C., May 20, 2025 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced new AI-powered innovations at its annual nSight Conference. Designed to enhance how ...
Pinwheel and nCino Partner to Offer Direct Deposit Switching
Prnewswire· 2025-05-08 13:00
nCino customers can now leverage Pinwheel to boost account activation and primary banking relationships. Post this As part of the partnership agreement, nCino will create an integration between its Consumer Banking Solution and Pinwheel Deposit Switch. The integrated functionality will help banks and credit unions achieve better deposit switch conversion rates. Head-to-head tests among available deposit switching solutions have proven that Pinwheel consistently delivers 30% more switches than other provide ...