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nCino Q2 revenue up 12% YoY to $148.8mln, subscription revenue up 15% YoY.
ByAinvest
Tuesday, Aug 26, 2025 6:59 pm ET1min read
• nCino Q2 FY26 revenues $148.8M, up 12% YoY • Subscription revenues $130.8M, up 15% YoY • Customer demand strengthens, reinforces strategy and outlook • CEO Sean Desmond: "AI-banking leader" vision progressing rapidly
nCino Inc. (NASDAQ:NCNO), a leading provider of cloud-based banking technology solutions, reported its second quarter fiscal year 2026 (Q2 FY26) financial results, showcasing robust revenue growth and operational improvements. The company announced total revenues of $148.8 million for the quarter, marking a 12% year-over-year increase and exceeding its guidance of $142.0–$144.0 million [1].Subscription revenues, the core of nCino's business, reached $130.8 million, up 15% year-over-year, reflecting strong customer demand and the company's strategic focus on recurring revenue streams. This growth was driven by international expansion and the recovery of the U.S. mortgage business, with subscription revenues from these segments growing 30% and 22% year-over-year, respectively [2].
nCino's non-GAAP operating income increased by 56% year-over-year to $30.0 million, reaching a non-GAAP operating margin of 20%, up from 15% in the same quarter last year. The company's free cash flow (non-GAAP) improved to $12.6 million, highlighting its financial health and operational efficiency [1].
CEO Sean Desmond commented on the company's performance, "We are pleased with the strong results and the continued momentum in our AI-banking leadership vision. The growth in subscription revenues and international expansion demonstrate our ability to deliver value to our customers and drive long-term growth."
Looking ahead, nCino expects total revenues between $146.0–$148.0 million for Q3 FY26, with subscription revenues projected to decline sequentially to $127.5–$129.5 million. The company's full-year FY26 total revenue guidance was increased to $585–$589 million, incorporating contributions from acquisitions [1].
References:
[1] https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/34403885/ncino-revenue-jumps-12-in-fiscal-q2/
[2] https://www.investing.com/news/company-news/ncino-q2-fy26-slides-subscription-revenue-jumps-15-margins-expand-93CH-4211532
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