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Jul 31
nCino Q2 2026 Earnings Report
nCino reported its Q2 2026 earnings with strong revenue growth and improved non-GAAP profitability despite a GAAP net loss.
Key Takeaways
nCino delivered Q2 revenue of $148.8M and an adjusted EPS of $0.22, surpassing expectations on both total and subscription revenue. Non-GAAP net income rose significantly while the company continues investing in AI-driven solutions.
Total revenue reached $148.8M, with strong growth in subscription revenue.
Non-GAAP operating income increased to $30M, indicating better operational efficiency.
GAAP net loss widened to $15.3M, impacted by increased expenses and restructuring charges.
nCino repurchased ~$20M worth of stock, reflecting confidence in long-term prospects.
nCino
nCino
nCino Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
nCino expects continued revenue growth in Q3 2026, with stable profitability metrics and ongoing investments in innovation.
Positive Outlook
- Q3 total revenue expected between $146M and $148M.
- Subscription revenue projected to reach up to $129.5M.
- Non-GAAP operating income forecasted up to $33.5M.
- Non-GAAP EPS guidance between $0.20 and $0.21.
- Continued demand for newer solutions and expansion across markets.
Challenges Ahead
- GAAP net losses are expected to continue.
- Ongoing restructuring and acquisition-related expenses may impact margins.
- Macroeconomic uncertainty in financial services could affect customer budgets.
- Increased use of revolving credit facility—$203.5M outstanding.
- R&D and G&A costs continue to rise as a percentage of revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income