nCino Inc
F:6NCA
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nCino Inc
In the bustling world of financial technology, nCino Inc. has emerged as a transformative force, easing the journey for banks and credit unions on their digital transformation endeavors. Born out of the tech-savvy minds at Live Oak Bank in 2012, the company set out with a singular vision: to streamline the complex and often cumbersome processes within financial institutions. At its heart, nCino offers a cloud-based operating system that revolutionizes the workflow in financial environments, ranging from small credit unions to colossal banking giants. This platform integrates various loan management and banking processes into a seamless experience, leveraging the robustness and scalability of the cloud to minimize inefficiencies and elevate customer experience.
nCino capitalizes on a subscription-based revenue model, licensing its software suite to clients and ensuring a steady stream of income through recurring payments. By automating traditionally manual tasks like loan origination and account opening, nCino empowers financial institutions to serve their clients more swiftly and efficiently, carving out a competitive edge in the market. The company's prowess lies in its ability to not only simplify operations but also enhance compliance and risk management—critical pain points in the banking sector. Through continuous innovation and a client-centric approach, nCino cements itself as a pivotal partner for financial entities desiring agility in an ever-evolving regulatory landscape.
In the bustling world of financial technology, nCino Inc. has emerged as a transformative force, easing the journey for banks and credit unions on their digital transformation endeavors. Born out of the tech-savvy minds at Live Oak Bank in 2012, the company set out with a singular vision: to streamline the complex and often cumbersome processes within financial institutions. At its heart, nCino offers a cloud-based operating system that revolutionizes the workflow in financial environments, ranging from small credit unions to colossal banking giants. This platform integrates various loan management and banking processes into a seamless experience, leveraging the robustness and scalability of the cloud to minimize inefficiencies and elevate customer experience.
nCino capitalizes on a subscription-based revenue model, licensing its software suite to clients and ensuring a steady stream of income through recurring payments. By automating traditionally manual tasks like loan origination and account opening, nCino empowers financial institutions to serve their clients more swiftly and efficiently, carving out a competitive edge in the market. The company's prowess lies in its ability to not only simplify operations but also enhance compliance and risk management—critical pain points in the banking sector. Through continuous innovation and a client-centric approach, nCino cements itself as a pivotal partner for financial entities desiring agility in an ever-evolving regulatory landscape.
Revenue Beat: nCino reported Q3 revenue of $152.2 million, up 10% year-over-year, exceeding the high end of guidance.
Subscription Momentum: Subscription revenues grew 11% YoY to $133.4 million, with organic growth at 7% despite a tough compare.
Operating Margin Expansion: Non-GAAP operating income reached $39.9 million (26% margin), showing 600 basis points of margin expansion both YoY and QoQ.
Raised Guidance: Full-year revenue and operating income guidance were raised, with subscription revenue expected at $520.5–$522 million and operating income at $127.2–$128.2 million.
AI Adoption: Over 110 customers have purchased Banking Advisor Intelligence units; AI and platform innovations are driving early renewals and demand.
Platform Pricing Transition: 27% of ACV has shifted to platform pricing, with price uplifts seen and strong customer interest in AI features.
Global Expansion: Notable wins and expansions in Japan, EMEA, and the US, including new large bank customers and renewals.
Confidence in Outlook: Management expressed confidence in achieving the Rule of 40 by end of FY27 and highlighted strong pipeline and execution.
