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Overview
nCino provides cloud-based banking software for financial institutions through a SaaS platform. Its Bank Operating System combines loan origination, customer relationship management, and regulatory compliance into one integrated workflow accessible via subscription, with additional revenue from implementation and support services. The company expanded its capabilities by acquiring SimpleNexus to enhance its mobile mortgage technology. Its goal is to help banks operate more efficiently, cut costs, and deliver better service, while growing market share through product expansion and ecosystem enhancements.
About Ncino
Industries
Enterprise Software
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Wilmington, North Carolina
Founded
2012
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Simplify's Take
What believers are saying
- Fiscal Q2 2027 revenue reached $161.0 million on August 25, 2026, up 8% year-over-year.
- nCino raised FY2027 free cash flow guidance to $137 million-$142 million.
- The board authorized another $100 million buyback on August 25, 2026.
What critics are saying
- nCino still carried $275.4 million of credit facility debt on July 31, 2026.
- A 7% workforce cut finished in 2026, signaling management still trims costs to protect margins.
- If large banks standardize on in-house AI, nCino becomes a feature, not a platform.
What makes Ncino unique
- nCino’s June 10, 2026 Loan PreCheck embeds agency underwriting inside mortgage point-of-sale workflows.
- DNB went live July 1, 2026 on nCino for corporate lending across nine countries.
- ConnectOne deployed July 14, 2026 nCino AI agents, proving adoption in production banks.
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Funding
Total Funding
$1.4B
Above
Industry Average
Funded Over
11 Rounds
Bessemer Venture Partners
Insight PartnersBenefits
Remote Work Options
Professional Development Budget
Flexible Work Hours
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%nCino stock ranks among Top Analyst Picks backed by strong share repurchase activity. By Joel Kornblau, Editor, The Online Investor, Monday, September 21, 2026, 3:36 PM ET nCino Inc (NCNO) ranks No. 35 among stocks identified by The Online Investor as combining strong stock buyback activity with favorable analyst sentiment. The screen focuses on companies that repurchased at least 5% of outstanding shares over the trailing 12 months, then ranks those names based on the average of analyst recommendations from major brokerage firms. The result places nCino in a notable subset of the market: companies that are both returning capital through sizable share repurchases and receiving broadly positive Wall Street ratings. That combination can attract attention because buybacks and analyst upgrades often reflect overlapping conclusions about valuation, capital allocation, and the company's earnings outlook. Why strong buyback activity matters. Share repurchases can be important for several reasons. When a company reduces its share count, each remaining share represents a larger ownership interest in the business. All else equal, that can lift per-share metrics such as earnings per share and free cash flow per share. Buybacks may also signal that management believes the stock is trading below intrinsic value, although that is not always the case. Repurchases can create long-term value when they are executed at attractive valuations and funded from durable cash generation. They are less compelling when used primarily to offset stock-based compensation or when pursued at elevated valuations without clear balance-sheet flexibility. For that reason, strong buyback activity is often most meaningful when considered alongside broader fundamentals, including revenue growth, margins, cash flow, and the company's capital allocation discipline. How the analyst ranking is constructed. The ranking referenced here is based on two filters: * Companies must have repurchased at least 5% of outstanding shares over the trailing 12-month period. * Analyst recommendations from major brokerage firms are tallied and averaged to produce the final ranking. Under that framework, nCino's placement suggests that analysts, on balance, view the company favorably relative to other companies that have also been active in repurchasing stock. What the combination of buybacks and positive ratings can indicate. When analysts favor a stock that is also seeing meaningful repurchase activity, the market often reads that as a reinforcing signal. Management is deploying capital into its own shares, while external research teams are arriving at constructive conclusions on earnings potential, competitive positioning, or valuation. That said, the two signals are not identical. A buyback reflects a corporate capital allocation decision. An analyst rating reflects an external assessment that may incorporate growth expectations, product strategy, profitability trends, and peer comparisons. The overlap can be useful, but it does not remove the need to examine the underlying business drivers. Why the share count effect matters. One direct consequence of stock buybacks is that future earnings are spread across fewer shares. In practical terms, that means a company can improve earnings per share even if absolute net income is unchanged. This mechanical benefit is one reason analysts pay close attention to repurchase activity when modeling forward per-share results. A concise way to think about the impact is: * Net income stays constant. * Shares outstanding decline. * Earnings per share rises, assuming no offset from other factors. That effect can support valuation metrics that are based on per-share performance, though its significance depends on the scale of the buyback and the company's overall earnings trajectory. Sector context for NCNO. NCNO operates in the application software segment, where investor attention often centers on growth durability, recurring revenue quality, operating leverage, and the balance between innovation spending and profitability. Within that context, capital returns are not always the dominant part of the investment case, which can make substantial share repurchase activity more notable. Among large-cap software peers referenced in the trading session, Microsoft Corporation (MSFT) was up about 0.7% and Oracle Corp (ORCL) was also higher by about 0.7%. Below is a three-month chart comparing the relative performance of NCNO, MSFT, and ORCL. Current trading snapshot. NCNO was trading lower by about 1.8% in midday Monday action. Short-term price movement does not necessarily alter the broader thesis implied by its analyst ranking and repurchase activity, but it provides context for how the market is pricing the shares in the current session. Bottom line. nCino's appearance near the top of a screen for strong buyback activity and favorable analyst recommendations highlights a potentially constructive setup. The key question is whether the repurchase activity complements a fundamentally improving earnings profile rather than simply boosting per-share metrics in isolation. For NCNO, the ranking suggests that analysts see enough underlying strength to support a positive view even as the company engages in meaningful capital return through share repurchases. If this stock is worth a closer look, the related list in Current Top Analyst Picks of the S&P 500 can help surface comparable ideas. How to read broker darling screens. Broker darling stories highlight stocks that analysts currently favor within a large-cap or dividend-oriented screen. The signal is most useful when analyst support is reviewed with valuation, earnings expectations, dividend quality, and business fundamentals.
How new tech aims to make wholesale lending feel like one system. As more brokers juggle multiple lenders, the goal is to erase the differences between them Wholesale mortgage brokers offer borrowers a choice of lenders that a retail loan officer cannot. That choice comes with a trade-off, since each lender a broker works with tends to run on its own portal, its own workflow, and its own set of rules. That fragmentation grows more consequential as more of the industry's volume moves through the broker channel. As brokers continue to approach a third of the originators in the market, the tech side becomes a bigger focus. Because so many lenders use a variety of software in the loan process, brokers are left managing a patchwork of systems just to get a single loan across the finish line. Will Jung (pictured top), chief technology officer at nCino, said that patchwork is the real source of friction in wholesale lending, more so than any single lender's underwriting speed. "The wholesale lender technology environment is quite fragmented," Jung told Mortgage Professional America. "Each lender will have their preferred portals. They'll have their own processes, different tech stack workflows, and sometimes the lenders have a retail arm versus a wholesale arm. So that creates additional fragmentation. Then the information isn't always clean. There's a lot of handoffs, duplicate information requests, a lot of back and forth." Overcoming wholesale fragmentation. Jung said that roughly a quarter of US mortgage originations in the first quarter of this year went through wholesale. When there is technology fragmentation, it ultimately impacts the borrower, even though the broker relationship overall gives them an advantage. "You get the benefits of going through a broker from a borrower experience perspective, but then there's a lot of handoffs," he said. "So if I think about that ecosystem experience, how do we make sure you get that seamless borrower experience, which means in turn you have to give a seamless broker experience, which in turn means then from a wholesale lender perspective as well, they all have to go together." "That's really where the next phase or the challenge that we're trying to solve here is how do you connect the people, the information, the process, the actions for that single loan transaction, regardless of how it entered the lender," he said. He said that same philosophy carries over to how nCino thinks about artificial intelligence specifically. "Whatever technology you're using, you need to make sure it's driving the right experience," he said. "With new technology, you want it to almost be invisible. You don't want to have to have a PhD in prompting to understand AI and how to do it." Reducing the friction. To help reduce fragmentation, nCino is launching a third-party originator experience built directly into the same point-of-sale system lenders already use for their business. "Lenders can invite third-party originators to submit loans through the same POS that they have that supports their retail business," he said. "It still preserves the channel designation, broker information, the business rules that are specific to wholesale, but you don't have to learn a whole different system, a whole different process. At the end of the day, a mortgage is a mortgage." He said that by making the process consistent, it benefits both the broker and the borrower. "A borrower can apply, they can upload documents, they can track the loan status. It's a consistent experience regardless of whether they're going through a retail loan officer or broker," he said. "Retail and wholesale doesn't necessarily have to feel different, and you're still getting the benefits of competition." Jung said the industry's focus on faster underwriting decisions overlooks where most of the actual delay happens. "The real friction in mortgages isn't just the underwriting decision. A lot of people just focus on the decision," he said. "It's really the back and forth to get there. If you just focus on the decision and you miss the stages up front with the back and forth, your decision is fast, but getting there took a long time, and it was painful." He said that same friction is what keeps brokers from spending time on the part of the job that grows their business. "A lot of times brokers spend a lot of time really just massaging the process," he said. "I'm sure they want to spend their time building relationships, understanding the customer's needs, and building out their business. Right now they're time poor because they can't." Our daily newsletter is FREE and keeps you up to date with the world of mortgage. Please complete the form below and click on SIGN UP to receive daily e-newsletters from Mortgage Professional.
nCino boosts buyback as AI banking strategy gains ground. September 3, 2026 nCino has reported an 8% year-on-year increase in total revenue for the second quarter of fiscal 2027, while expanding its share repurchase programme by a further $100m as demand grows for its AI-powered banking technology. For nCino, total revenue for the three months to 31 July 2026 reached $161.0m, up from $148.8m a year earlier, while subscription revenue increased 10% to $143.5m. The company's GAAP operating margin also improved to 8%, up 1,500 basis points year-on-year, while its non-GAAP operating margin rose 500 basis points to 25%. nCino CEO Sean Desmond said, "We delivered an exceptional second quarter of fiscal 2027, once again exceeding all financial guidance. We are seeing many of our largest customers consolidating more of their most critical operations on nCino and expanding their commitments to include our market leading AI capabilities. The confidence behind those commitments reflects a simple reality: deploying AI in financial services demands deep domain context and expertise, and nCino is uniquely positioned to deliver it at scale globally." The company's improved profitability was reflected in its operating results. GAAP income from operations reached $13.6m, compared with a loss of $9.3m in the same period last year, while non-GAAP operating income increased 36% to $40.8m. Free cash flow also jumped 170% year-on-year to $34.0m. The quarter brought further evidence of commercial momentum, with nCino completing multi-year renewals with four US enterprise customers representing more than $900bn in assets. All four renewals were completed ahead of schedule and included expanded commitments to the company's AI capabilities. Elsewhere, the company signed a German development finance institution, expanded its relationship with a US regional bank into consumer lending and added a community bank in Iowa. Japanese regional lender Hachijuni Nagano Bank also selected nCino to consolidate its consumer lending operations, while an Indiana-based credit union customer made the company its largest mortgage provider. The latest results also included significant capital returns to shareholders. nCino repurchased approximately 4.2 million shares during the quarter at an average price of $15.41, representing around $65m in total consideration. It also completed the accelerated share repurchase programme announced in March 2026, buying approximately 6.0 million shares for $100m at an average price of $16.57. nCino CFO Greg Orenstein added, "Following our execution of $300 million in stock repurchases since April 2025, nCino's Board of Directors has authorized an additional $100 million stock repurchase program to provide continued flexibility to create stockholder value through repurchases of our common stock. This new authorization reflects continued confidence in our AI innovation and product strategy, market position, operational execution, and trajectory of free cash flow." The newly authorised $100m programme has no time limit and can be funded through existing cash, available credit facility capacity or future cash flows, at the board's discretion. As of 31 July 2026, nCino held $83.6m in cash, cash equivalents and restricted cash, alongside $275.4m outstanding under its credit facility. Looking ahead, the company expects third-quarter revenue to come in between $161.25m and $163.25m, including subscription revenue of between $143.25m and $145.25m. For fiscal 2027, nCino is forecasting total revenue of $644.0m to $647.0m, non-GAAP operating income of $171.0m to $174.0m and free cash flow of $137.0m to $142.0m. With revenue growth, stronger cash generation and continued customer expansion underpinning its outlook, nCino is positioning its AI banking strategy as a key driver of future growth while using its improving financial performance to return more capital to shareholders. Read the daily FinTech news for the intelligence and early insight that keeps industry leaders ahead of what's next. Enjoying the stories? Investors. The following investor(s) were tagged in this article.
Jeanette Sellers sells 690 shares of nCino (NASDAQ:NCNO) stock. August 31, 2026 Key points. * nCino SVP Jeanette Sellers sold 690 shares at an average price of $22.70, generating $15,663. After the transaction, she directly owned 47,763 shares; the sale followed two additional disposals earlier in August. * nCino shares fell 1.7% to $22.60, giving the company a market capitalization of approximately $2.39 billion. The stock trades at a price-to-earnings ratio of 75.33 and has ranged between $13.80 and $32.53 over the past year. * Analysts maintain a "Moderate Buy" consensus with an average price target of $24.38, while institutional investors own 94.76% of the company's stock. * MarketBeat previews top five stocks to own in September. nCino Inc. (NASDAQ:NCNO - Get Free Report) SVP Jeanette Sellers sold 690 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $22.70, for a total value of $15,663.00. Following the transaction, the senior vice president directly owned 47,763 shares of the company's stock, valued at approximately $1,084,220.10. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Jeanette Sellers also recently made the following trade(s): * On Wednesday, August 5th, Jeanette Sellers sold 1,536 shares of nCino stock. The shares were sold at an average price of $19.53, for a total value of $29,998.08. * On Tuesday, August 4th, Jeanette Sellers sold 887 shares of nCino stock. The stock was sold at an average price of $19.22, for a total value of $17,048.14. nCino trading down 1.7%. NASDAQ:NCNO traded down $0.39 on Monday, reaching $22.60. 2,366,988 shares of the stock traded hands, compared to its average volume of 2,951,531. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 75.33 and a beta of 0.66. The company's 50 day moving average is $18.35 and its 200-day moving average is $16.96. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. nCino Inc. has a 1-year low of $13.80 and a 1-year high of $32.53. Wall Street analysts forecast growth. NCNO has been the topic of several recent analyst reports. BTIG Research restated a "neutral" rating on shares of nCino in a report on Wednesday, August 26th. Barclays lifted their price objective on nCino from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 26th. Weiss Ratings restated a "sell (d+)" rating on shares of nCino in a research report on Tuesday, August 25th. The Goldman Sachs Group dropped their price target on nCino from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, May 14th. Finally, Zacks Research cut nCino from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, nCino has an average rating of "Moderate Buy" and an average target price of $24.38. Discover more Analyst Ratings Analysis Stock Market Holidays ETF Screener Hedge funds weigh in on nCino. Several institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP grew its stake in shares of nCino by 83.1% in the 2nd quarter. Corient Private Wealth LP now owns 33,960 shares of the company's stock valued at $555,000 after buying an additional 15,410 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in nCino in the 2nd quarter valued at about $455,000. California State Teachers Retirement System raised its stake in nCino by 1,489.3% during the 2nd quarter. California State Teachers Retirement System now owns 2,062,193 shares of the company's stock worth $33,717,000 after buying an additional 1,932,437 shares during the period. HB Wealth Management LLC acquired a new position in nCino during the 2nd quarter worth approximately $287,000. Finally, Angeles Wealth Management LLC boosted its holdings in nCino by 85.2% in the second quarter. Angeles Wealth Management LLC now owns 33,958 shares of the company's stock worth $555,000 after acquiring an additional 15,621 shares in the last quarter. Institutional investors and hedge funds own 94.76% of the company's stock. About nCino. nCino, Inc provides a cloud-based banking operating system designed to modernize and streamline processes for financial institutions. Built on a software-as-a-service (SaaS) model, the nCino Bank Operating System integrates key banking functions into a unified platform, enabling banks and credit unions to enhance efficiency, reduce risk and improve customer experiences. Founded in 2012 as a spinoff from Live Oak Bank, nCino launched its flagship offering to address the needs of commercial and retail lenders seeking to replace legacy systems. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider nCino, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and nCino wasn't on the list. While nCino currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
NCino sees revenue increase, announces stock repurchase program. By Rickie Houston, posted Aug 27, 2026 Wilmington-based nCino Inc. (Nasdaq: NCNO) reported its financial results this week for the second quarter of fiscal year 2027, which ended July 31. Its total revenues for the quarter were $161 million, an 8% increase from $148.8 million in the second quarter of fiscal year 2026. Subscription revenues were also up for fiscal 2027 Q2, coming in 10% higher at $143.5 million compared to $130.8 million in fiscal 2026 Q2. "We delivered an exceptional second quarter of fiscal 2027, once again exceeding all financial guidance," said Sean Desmond, nCino's president and CEO, in a news release. He added, "We are seeing many of our largest customers consolidating more of their most critical operations on nCino and expanding their commitments to include our market-leading AI capabilities." The company's board of directors also authorized an additional $100 million stock repurchase program. This follows the $300 million nCino has already repurchased in common stock since April 2025. "This new authorization reflects continued confidence in our AI innovation and product strategy, market position, operational execution and trajectory of free cash flow," said Greg Orenstein, nCino's CFO. nCino reported $40.8 million in non-GAAP operating income, a 36% increase compared to $30 million of non-GAAP operating income in the second quarter of fiscal year 2026. The GAAP income from operations for fiscal year 2027 Q2 was $13.6 million, reversing the operations loss of $9.3 million in in Q2 of FY 2026. Looking ahead, nCino expects total revenues to sit between $161.25 million and $163.25 million in fiscal 2027 Q3, Orenstein said during the call. He added that the company estimates subscription revenues for Q3 to fall between $143.25 million and $145.25 million. As for the full fiscal year 2027, nCino anticipates total revenues between $644 million and $647 million, he said. The company projects subscription revenues of $573.5 million to $576.5 million and non-GAAP income of $171 million to $174 million. "We are quite pleased with the progress we have made in the first half of the year and feel really good about the business right now as a result of the AI and product innovation being delivered by our R&D organization, the execution of our sales teams, and the demand environment and the sales activity we see reflected in our global sales pipelines," Orenstein said. Orenstein concluded that, for for the full fiscal year 2027, nCino is raising its free cash flow guidance to now be $137 million to $142 million, an increase from its prior range of $135 million to $140 million.
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About Ncino
Industries
Enterprise Software
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Wilmington, North Carolina
Founded
2012
There are no jobs for Ncino right now.
Find jobs on Simplify and start your career today