nCino Reports Third Quarter Fiscal Year 2026 Financial Results

Core Insights - nCino, Inc. reported strong financial results for Q3 of fiscal year 2026, with total revenues of $152.2 million, representing a 10% year-over-year increase [5][6] - The company emphasized its leadership in AI and the momentum across various customer segments and geographies, reinforcing confidence in its fiscal 2026 goals [2] Financial Highlights - Total revenues reached $152.2 million, up from $138.8 million in Q3 of fiscal 2025, marking a 10% increase [5][6] - Subscription revenues were $133.4 million, an 11% increase from $119.9 million in the same quarter last year [5][6] - GAAP operating margin improved to 8%, up over 800 basis points year-over-year, while non-GAAP operating margin reached 26%, up 600 basis points [5][6] - GAAP net income attributable to nCino was $6.5 million, compared to a loss of $5.3 million in Q3 of fiscal 2025 [6] - Non-GAAP net income attributable to nCino was $35.8 million, a 49% increase from $24.1 million in the same quarter last year [6] Recent Business Highlights - nCino signed a regional bank in Japan with over $80 billion in assets for mortgage lending [6] - The company demonstrated global applicability with its Integration Gateway through an expansion agreement with a $90 billion bank in the Czech Republic [6] - Two top-50 U.S. banks, each with over $50 billion in assets, expanded their commercial lending commitments by more than 30% and 60% respectively [6] - A leading home builder's lending division selected nCino Mortgage to enhance the mortgage lending experience for homebuyers [6] - nCino launched Digital Partners, introducing role-based AI agents trained on extensive financial services data [6] - The company completed its $100 million stock repurchase program, having repurchased approximately 4.0 million shares at an average price of $25.02 per share [6] Financial Outlook - nCino provided guidance for Q4 of fiscal year 2026, projecting total revenues between $146.75 million and $148.25 million, with subscription revenues between $130.75 million and $132.25 million [11] - For the full fiscal year 2026, total revenues are expected to be between $591.9 million and $593.4 million, with subscription revenues between $520.5 million and $522.0 million [11]