# nCino Reports Second Quarter Fiscal Year 2027 Financial Results _Published: 2026-08-25T16:05:00.000-04:00_ _Total Revenues of $161.0M, up 8% year-over-year _ _Subscription Revenues of $143.5M, up 10% year-over-year_ _GAAP Operating Margin of 8%, up 1,500 basis points year-over-year_ _Non-GAAP Operating Margin of 25%, up 500 basis points year-over-year_ _nCino announces new $100 million stock repurchase authorization_ **WILMINGTON, N.C., August 25, 2026 **-- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced financial results for the second quarter of fiscal year 2027, ended July 31, 2026, and that its Board of Directors has authorized a Stock Repurchase Program under which the Company may repurchase up to an additional $100 million of the Company's outstanding common stock. "We delivered an exceptional second quarter of fiscal 2027, once again exceeding all financial guidance. We are seeing many of our largest customers consolidating more of their most critical operations on nCino and expanding their commitments to include our market leading AI capabilities. The confidence behind those commitments reflects a simple reality: deploying AI in financial services demands deep domain context and expertise, and nCino is uniquely positioned to deliver it at scale globally," said Sean Desmond, CEO at nCino. "Following our execution of $300 million in stock repurchases since April 2025, nCino’s Board of Directors has authorized an additional $100 million stock repurchase program to provide continued flexibility to create stockholder value through repurchases of our common stock. This new authorization reflects continued confidence in our AI innovation and product strategy, market position, operational execution, and trajectory of free cash flow,” said Greg Orenstein, CFO at nCino. **Financial Highlights** **Revenues:** Total revenues for the second quarter of fiscal 2027 were $161.0 million, an 8% increase from $148.8 million in the second quarter of fiscal 2026. Subscription revenues for the second quarter of fiscal 2027 were $143.5 million, an increase of 10% from $130.8 million in the second quarter of fiscal 2026. **Income (Loss) from Operations: **GAAP income (loss) from operations in the second quarter of fiscal 2027 was $13.6 million compared to $(9.3) million in the second quarter of fiscal 2026. Non-GAAP operating income in the second quarter of fiscal 2027 was $40.8 million compared to $30.0 million in the second quarter of fiscal 2026, an increase of 36%. **Cash:** Cash, cash equivalents, and restricted cash were $83.6 million as of July 31, 2026, and $275.4 million was outstanding under the Company's credit facility. Free cash flow in the second quarter of fiscal 2027 was $34.0 million compared to $12.6 million in the second quarter of fiscal 2026, an increase of 170%. **Recent Business Highlights** **Renewed and Expanded with Four U.S. Enterprise Accounts: **Completed multi-year renewals with four U.S. Enterprise customers collectively representing over $900 billion in assets. All four customers renewed ahead of schedule with expanded commitments to utilize nCino’s AI tools and functionality. **Signed a Development Finance Institution in Germany: **Building on recently established momentum in the DACH region, signed a growth-focused development finance institution in Germany. **Expanded with Consumer Lending: **Expanded a decade-long relationship with a U.S. regional bank customer to include Consumer Lending. **Landed with Commercial Onboarding and Account Opening:** Signed a community bank in Iowa as a net-new customer for nCino's Commercial Onboarding and Account Opening solution. **Signed Hachijuni Nagano Bank:** A leading Japanese regional bank selected the nCino Platform to consolidate its consumer lending operations and integrate its proprietary AI credit-scoring engine – advancing the bank’s AI-driven lending strategy. **Expanded with Mortgage in Credit Unions: **An Indiana-based credit union became our largest credit union customer for mortgage with an expanded commitment to continue efficiently scaling their mortgage business. **Stock Repurchase Programs** In the second quarter ended July 31, 2026, nCino repurchased approximately 4.2 million shares of the Company's outstanding common stock in open market purchases, at an average price of $15.41 per share, for total consideration of approximately $65 million. Additionally, in the second quarter, the Company finalized the accelerated share repurchase program announced on March 31, 2026. Under that program, nCino repurchased approximately 6.0 million shares of the Company's outstanding common stock, at an average price of $16.57 per share, for total consideration of $100 million. nCino's Board of Directors has authorized an additional $100 million share repurchase program. Under the repurchase program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The volume, price, timing, and manner of any repurchases will be determined at the Company’s discretion, subject to general market conditions, as well as the Company’s management of capital, general business conditions, other investment opportunities, regulatory requirements and other factors. The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of nCino’s Board of Directors. The Company currently expects to fund the repurchase program from existing cash and cash equivalents, credit facility capacity and/or future cash flows. **Financial Outlook ** **nCino is providing guidance for its third quarter ending October 31, 2026, as follows:** Total revenues between $161.25 million and $163.25 million. Subscription revenues between $143.25 million and $145.25 million. Non-GAAP operating income between $42.0 million and $44.0 million. **nCino is providing guidance for its fiscal year 2027 ending January 31, 2027, as follows:** Total revenues between $644.0 million and $647.0 million. Subscription revenues between $573.5 million and $576.5 million. Non-GAAP operating income between $171.0 million and $174.0 million. Free Cash Flow between $137.0 million and $142.0 million. Annual Contract Value (ACV) at period end between $662.5 million and $667.5 million. **Conference Call** nCino will host a conference call at 4:30 p.m. ET today to discuss its financial results and outlook. The conference call will be available via live webcast and replay at the Investor Relations section of nCino’s website: [https://investor.ncino.com/news-events/events-and-presentations](https://investor.ncino.com/news-events/events-presentations). **About nCino** nCino (NASDAQ: NCNO) is the platform for agentic banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit [www.ncino.com](https://www.ncino.com/). **INVESTOR CONTACT** investor@ncino.com **MEDIA CONTACT** press@ncino.com [full report can be found at [investor.ncino.com](https://investor.ncino.com/)] --- [View sitemap](https://www.ncino.com/api/markdown/sitemap)