nCino, Inc. (NCNO) Stock

nCino, Inc. (NCNO) is a Technology stock trading at $20.34 (as of 2026-08-20), with a market capitalization of $2.23B and a trailing P/E of 168.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

nCino, Inc. provides cloud-based software for financial institutions. Its platform and application suites support functions such as onboarding customers, originating and managing loans, opening deposit accounts, and addressing regulatory compliance, including analytics and AI/ML-based tools for operational insights and credit risk management.

Understand nCino, Inc.: how it makes money

nCino provides cloud software for financial institutions, selling its tenant cloud platform (nCino Bank Operating System) and related applications (including nCino IQ) on a subscription basis, and also earns revenue from professional services.

nCino's profit model is driven by recurring subscription contracts, with future revenue visibility captured in Remaining Performance Obligations and durability reflected by Churn in Annualized Subscription Revenues.

Revenue by segment (latest quarter)
Subscription$0.1B
Mortgage Subscriptions$0.0B
Professional Services$0.0B

Business quality (Mixed): SaaS-focused disclosures are supported by contract KPIs (Remaining Performance Obligations) and subscription durability (churn). The provided data does not include a fully explicit, mutually exclusive segment breakdown summing exactly to total revenue.

Valuation: Trades at 130× trailing earnings · $2B market cap.

Bull case

  • Contract visibility for the subscription model: Remaining Performance Obligations were 1.2 USD_B.
  • Subscription durability, as tracked by churn: Churn in Annualized Subscription Revenues was 0.01 USD_B.

Bear case

  • Meaningful portion of subscription obligations matures within 24 months: Remaining Performance Obligations Less Than Twenty-Four Months was 43.0 percent, which can increase sensitivity to near term renewals and customer changes.
  • Operating results may have limited room between gross profit and operating income: Gross margin was 63.3 percent and operating margin was 13.2 percent for the period, so operating leverage depends on cost discipline alongside subscription performance.
Valuation — source: SEC EDGAR (first-party)
Price$20.34
Market Cap$2.23B
P/E Ratio168.1
EV / EBITDA35.1
Price / Book2.30
Price / Sales3.65
FCF Yield5.0%
DCF Value (model)$10.03
DCF Upside vs Price-50.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$594.78M
Net Margin0.9%
Revenue Growth (YoY)10.6%
EPS Growth (YoY)160.0%
FCF Growth (YoY)53.6%
Financial Health — source: SEC EDGAR
Altman Z-Score2.41 (grey)
Valuation vs Sector & Industry
Stock P/E168.1
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector395.4%
vs Industry461.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($304.03M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOSean Desmond
Employees1,833
CountryUS
IPO Date2020-07-14

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NCNO earnings history · NCNO institutional & insider holders · NCNO KPIs & operating metrics · NCNO financials · NCNO investor presentations & press releases · NCNO SEC filings · NCNO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.