nCino Reports Second Quarter Fiscal Year 2026 Financial Results

Core Insights - nCino, Inc. reported strong financial results for Q2 FY2026, exceeding guidance for total and subscription revenues, as well as non-GAAP operating income, indicating robust customer demand and confidence in its AI-banking strategy [2][6][7] Financial Highlights - Total revenues for Q2 FY2026 were $148.8 million, a 12% increase from $132.4 million in Q2 FY2025 - Subscription revenues reached $130.8 million, up 15% from $113.9 million year-over-year - Non-GAAP operating income increased by 56% to $30.0 million compared to $19.3 million in the same quarter last year - GAAP net loss attributable to nCino was $(15.3) million, compared to $(11.0) million in Q2 FY2025, while non-GAAP net income was $25.7 million, up 64% from $15.6 million [6][7][11] Recent Business Highlights - nCino expanded relationships with two top-50 U.S. banks and a top-5 Canadian bank, enhancing its market presence - The company signed its first customer in Spain, a non-bank lender, to leverage nCino's solutions for scaling its lending business - nCino renewed and expanded its relationship with a British challenger bank, incorporating Client Lifecycle Management for efficient onboarding and compliance monitoring - A top-25 home builder's lending division signed on for nCino Mortgage to support nationwide growth [6][7][9] Financial Outlook - For Q3 FY2026, nCino expects total revenues between $146.0 million and $148.0 million, with subscription revenues between $127.5 million and $129.5 million - The company anticipates non-GAAP operating income between $31.5 million and $33.5 million, and non-GAAP net income per diluted share of $0.20 to $0.21 - For the full fiscal year 2026, total revenues are projected between $585.0 million and $589.0 million, with subscription revenues between $513.5 million and $517.5 million [5][11]