nCino (NCNO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

nCino

NasdaqGS•Technology•Software - Application

$21.28-0.14(-0.01%)Market open

Market Cap

$2.23B

P/E

66.4x

P/S

3.6x

P/B

2.4x

nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally. It offers solutions on the nCino Platform, including an Onboarding solution that streamlines and enhances the customer onboarding process through a digital platform for credit and non-credit onboarding, commercial account opening, and enterprise-level onboarding; and an Account Opening solution, which includes a Deposit Account Opening solution for consumers and small businesses. The company also provides Lending, which provides a loan origination platform for commercial, consumer, small business, and mortgage lending, such as the Commercial Loan Origination System that automates the loan lifecycle; Consumer Lending solution, which offers an omnichannel solution with automated credit decisioning and integrations; and Small Business Loan Origination solution for automation and machine learning. In addition, it offers Credit Monitoring, manages credit risks, monitors performance, and uncovers growth opportunities through a data-driven platform; Portfolio Analytics solution, which offers customizable dashboards to track loan, deposit, and application data; and Integration & Intelligence, provides integration capabilities to connect core banking systems, fintech applications, and third-party services via open APIs and a partner marketplace. The company serves global, enterprise, regional, and community banks, credit unions, challenger banks, and independent mortgage banks, business development managers, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (12/25).

Profitability12/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 66.4x5y range 66.4x – 441.4x

P/S · 3.6x5y range 3.1x – 8.5x

Currently below its 16-quarter median.

P/B · 2.4x5y range 2.0x – 4.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.23B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $622.24M
Q. Revenue: $161.00M
TTM EBITDA: $111.55M
TTM Op. Income: $49.27M
Q. Op. Income: $13.61M
TTM Net Income: $33.60M
Q. Net Income: $5.08M
EPS: $0.05
Shares Out.: $104.89M

$622.24M in TTM revenue grew 8.6% YoY, reaching $161.00M last quarter. TTM EBITDA of $111.55M and TTM operating income of $49.27M show growth is flowing through to the bottom line. TTM net income of $33.60M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 62.6%
EBITDA Margin: 14.7%
Op. Margin: 8.5%
Net Margin: 3.2%

Op. margin of 8.5% is up 14.7% YoY — cost efficiency is improving. Net margin at 3.2% and gross margin of 62.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 235% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 66.4x
P/S Ratio: 3.6x
P/B Ratio: 2.4x

At 66.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.6x and P/B of 2.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.57B
Cash: $83.29M
Long-Term Debt: $265.56M
Book Value: $929.83M
D/E Ratio: 0.3
Debt/EBITDA: 11.2

With $1.57B in assets and $265.56M in long-term debt, D/E is 0.3and book value is $929.83M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $34.20M
TTM Free Cash Flow: $132.17M
FCF Margin: 21.2%
FCF / Net Income: 3.9

TTM FCF of $132.17M on $34.20M in operating cash flow. The FCF / Net Income ratio of 3.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.