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Oct 31, 2024
nCino Q3 2025 Earnings Report
nCino reported strong third quarter fiscal year 2025 financial results, exceeding expectations for both revenues and non-GAAP operating income.
Key Takeaways
nCino, a leading provider of banking solutions, announced robust third quarter fiscal year 2025 results, with total revenues reaching $138.8 million, a 14% increase year-over-year, and non-GAAP operating income of $28.0 million, up 38%. The company also reported significant growth in subscription revenues and improved GAAP operating margins.
Total revenues increased by 14% year-over-year to $138.8 million.
Subscription revenues grew by 14% year-over-year to $119.9 million.
Non-GAAP operating income rose by 38% to $28.0 million, with the margin improving by approximately 350 basis points.
GAAP operating margin improved significantly, up approximately 1,000 basis points year-over-year to (1)%.
The company secured over 30 multi-solution deals and increased gross bookings from net new customers.
nCino
nCino
nCino Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
nCino provided guidance for its fourth quarter and full fiscal year 2025, projecting continued revenue growth and strong non-GAAP operating income.
Positive Outlook
- Fourth quarter total revenue guidance of $139.5 million to $141.5 million.
- Fourth quarter subscription revenue guidance of $122.5 million to $124.5 million.
- Fourth quarter non-GAAP operating income guidance of $23.25 million to $24.25 million.
- Fourth quarter non-GAAP net income per diluted share guidance of $0.18 to $0.19.
- Fiscal year 2025 total revenue guidance of $539.0 million to $541.0 million.
- Fiscal year 2025 subscription revenue guidance of $467.0 million to $469.0 million.
- Fiscal year 2025 non-GAAP operating income guidance of $95.0 million to $96.0 million.
- Fiscal year 2025 non-GAAP net income per diluted share guidance of $0.75 to $0.76.
Revenue & Expenses
Visualization of income flow from segment revenue to net income