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Highlights

  • Total revenues rose 12% year-over-year to $148.8 million in Q2 fiscal 2026.
  • Non-GAAP operating income increased 56% to $30.0 million year-over-year.
  • Company repurchased ~750,000 shares for approximately $20.0 million during the quarter.

 

nCino, Inc. (NASDAQ: NCNO) announced financial results for the second quarter of fiscal year 2026, ended July 31, 2025, reporting continued expansion in subscription revenue alongside improvements in non-GAAP profitability. Total revenue for the quarter was USD148.8 million, up 12% from USD132.4 million in the second quarter a year earlier, while subscription revenue rose 15% to USD130.8 million from USD113.9 million.

The company recorded a GAAP loss from operations of USD(9.3) million in the quarter versus USD(7.9) million in the prior-year period. On a non-GAAP basis, operating income improved to USD30.0 million compared with USD19.3 million a year ago, reflecting higher recurring revenue and adjustments excluding stock-based compensation and other specified items. Similarly, GAAP net loss attributable to nCino was USD(15.3) million, or USD(0.13) per basic and diluted share, compared with a USD(11.0) million loss, or USD(0.10) per share, in the prior-year quarter. Non-GAAP net income attributable to nCino increased to USD25.7 million, or USD0.22 per diluted share, from USD15.6 million, or USD0.13 per diluted share, in the second quarter of fiscal 2025.

Liquidity and capital allocation measures were highlighted in the release. As of July 31, 2025, cash, cash equivalents and restricted cash totalled USD123.2 million, and USD203.5 million remained available under the company’s revolving credit facility. During the quarter, nCino repurchased approximately 750,000 shares of common stock at an average price of USD26.89 per share for total consideration of roughly USD20.0 million.

Chief Executive Officer, Sean Desmond, commented: "We are pleased to report financial results that again exceeded quarterly guidance for total and subscription revenues, as well as non-GAAP operating income," said Sean Desmond, CEO at nCino. "We saw customer demand continue to strengthen in the second quarter, including for newer solutions and across our target markets, reinforcing our confidence in our strategy and in our improved financial outlook. Our vision of being the leader in AI-banking is rapidly coming into focus through continuous innovation and relentless pursuit of the substantial opportunity we are uniquely positioned for."