Financial PerformanceDespite a F2Q25 beat on both revenue and AOI, shares were down 11% after-hours on a soft F3Q25 revenue outlook and full-year outlook reiteration.
Interest Rates ImpactHigher-for-longer interest rates may result in the nCino Mortgage piece of the business, which represents 15-16% of revenue, continuing to struggle.
Revenue GuidanceThe F3Q total revenue guidance of $136-138 million is slightly below the Street’s $138.6 million, which could be a headwind to sentiment near-term.