nCino (NCNO1) AI Stock Analysis

nCino

(BMV:NCNO1)

Rating:―N/A

Action:N/A

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Positive Factors

Recurring SaaS RevenueSubscription arrangements create recurring revenue that can become more durable as financial institutions add users, modules and enterprise-wide deployments. The platform’s role across lending, onboarding and workflow automation may also deepen customer integration and support retention.

Negative Factors

Mortgage Segment PressureWeakness in U.S. mortgage banking is a direct pressure on subscription revenue and creates uncertainty around customer retention in that segment. Management’s reduced forecasts and expected IMB churn could limit consolidated growth until mortgage demand and customer stability improve.

nCino (NCNO1) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 2.40B
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): 73.2
Beta (1Y): 0.06
Revenue Growth: 8.57%
EPS Growth: ―
Country: Mexico
Employees: 1,684
Sector: Technology
Sector Strength: 61
Industry: Software - Application

nCino Business Overview & Revenue Model

Company Description

nCino, Inc. operates as a software-as-a-service (SaaS) provider, delivering cloud-based applications to financial organizations both within the United States and internationally. Its core product, the nCino Bank Operating System, is a multi-tenant cl...

nCino Earnings Call Summary

Earnings Call Date:Aug 24, 2026(Q2-2027)|% Change Since:0.00%|Next Earnings Date:Dec 01, 2026

Earnings Call SentimentPositive

The call highlighted broad-based operational and financial strength: revenue and subscription growth, significant improvement in operating income and free cash flow, active share repurchases, international momentum, and tangible customer ROI from AI features. Management raised FY27 guidance and emphasized accelerating AI adoption and platform conversions (48% ACV on platform pricing). Principal negatives are concentrated in the U.S. mortgage/IMB segment (modest revenue decline, higher churn) and timing delays converting AI sandbox usage into production revenue. Overall, the positives — strong growth outside mortgage, margin expansion, cash generation, platform traction and AI monetization progress — substantially outweigh the mortgage-specific headwinds.

Positive Updates

Revenue Growth

Total revenues of $161.0M in Q2 FY27, up 8% year-over-year.

Negative Updates

U.S. Mortgage Headwind and IMB Churn

U.S. mortgage subscription revenues were $20.6M in Q2, down 1% year-over-year. Management reduced U.S. mortgage outlook to ≈$20M in Q3 and ≈$18.5M in Q4, citing 'higher-for-longer' mortgage rates and incremental IMB churn; they lowered prior forecasts by ~$700K (Q3) and ~$1.2M (Q4).

Company Guidance

nCino guided third-quarter fiscal 2027 total revenues of $161.25M–$163.25M and subscription revenues of $143.25M–$145.25M (Q3 midpoint implying ~7–8% growth; excluding U.S. mortgage subscription growth of ~11% at the midpoint), with non‑GAAP operating income of ~$42M–$44M (~+8% YoY at midpoint). For fiscal 2027 the company now expects total revenues of $644M–$647M and subscription revenues of $573.5M–$576.5M (midpoint growth ~9–10%; excluding U.S. mortgage ~12% at midpoint), non‑GAAP operating income $171M–$174M (≈+33% YoY at midpoint, ~500 bps margin expansion), net ACV additions $60M–$65M (cumulative ACV $662.5M–$667.5M, +10% vs FY26 at midpoint) and free cash flow $137M–$142M (≈+69% YoY at midpoint). Management is extrapolating Q2’s ~$1.3M subscription overperformance into Q3/Q4, assumes U.S. mortgage subscription revenues of roughly $20M in Q3 and $18.5M in Q4 (repricing reduces prior Q3/Q4 mortgage forecasts by ~$700K and ~$1.2M, respectively), models ~ $200K FX headwinds in each of Q3/Q4, and reiterated aggregate annual churn of about $25M.

nCino Risk Analysis

nCino disclosed 47 risk factors in its most recent earnings report. nCino reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

nCino Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

MX:NCNO1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QTWO	81Outperform	$4.14B	37.90	17.11%	―	13.08%	246.41%
INTA	72Outperform	$3.24B	-117.25	-8.34%	―	14.44%	-2.69%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MITK	60Neutral	$815.36M	36.05	9.35%	―	11.10%	47.69%
ALKT	54Neutral	$1.33B	-35.43	-10.19%	―	24.04%	17.99%
BLND	50Neutral	$264.89M	-13.64	-1.22%	―	-10.34%	49.81%

* Technology Sector Average

Performance Comparison

MX:NCNO1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MX:NCNO1	Ncino, Inc.	277.00	-184.13	-39.93%
MITK	Mitek Systems	18.07	8.93	97.70%
QTWO	Q2 Holdings	67.08	4.47	7.14%
ALKT	Alkami Technology Inc	12.40	-7.80	-38.61%
INTA	Intapp, Inc.	42.21	4.21	11.08%
BLND	Blend Labs, Inc.	1.12	-2.13	-65.54%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

nCino AI Stock Analysis