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Apr 30, 2024
nCino Q1 2025 Earnings Report
nCino reported strong first-quarter fiscal year 2025 results with significant revenue growth and improved profitability.
Key Takeaways
nCino achieved its highest first-quarter gross sales in company history, with total revenues increasing by 13% year-over-year to $128.1 million and non-GAAP operating income reaching $24.4 million.
Total revenues increased by 13% year-over-year to $128.1 million.
Non-GAAP operating income significantly improved to $24.4 million, up from $10.9 million in the prior year.
GAAP net loss attributable to nCino decreased to $(3.0) million from $(11.2) million year-over-year.
Remaining Performance Obligation (RPO) grew by 17% to $1.069 billion, indicating strong future revenue visibility.
nCino
nCino
nCino Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
nCino provided strong guidance for both the second quarter and the full fiscal year 2025, anticipating continued revenue growth and improved profitability.
Positive Outlook
- Second quarter total revenues are projected to be between $130.5 million and $131.5 million.
- Second quarter subscription revenues are projected to be between $112.5 million and $113.5 million.
- Second quarter non-GAAP operating income is projected to be between $17.0 million and $18.5 million.
- Fiscal year 2025 total revenues are projected to be between $538.5 million and $544.5 million.
- Fiscal year 2025 non-GAAP operating income is projected to be between $86.0 million and $89.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income