nCino delivered strong Q1 results, achieving revenue growth and a return to profitability on a GAAP basis. Despite a decline in non-GAAP net income, operational efficiency and AI-driven platform enhancements highlighted the quarter.
Total revenue grew 13% year-over-year to $144.1 million
GAAP net income was $5.6 million compared to a loss in the prior year
Non-GAAP operating income increased slightly to $24.8 million
nCino repurchased 1.8 million shares for $40.6 million
nCino guided for moderate revenue and income growth for Q2 and full FY26, supported by momentum in subscription services.
Visualization of income flow from segment revenue to net income
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