nCino Stock Plunges 31.37% on Earnings Miss

On April 2, 2025, nCino's stock price dropped by 31.37% in pre-market trading.

nCino reported its fourth-quarter earnings, revealing a significant miss in earnings per share (EPS) at 12 cents, falling short of the analyst consensus estimate of 19 cents. The company's quarterly revenue was $141.37 million. This disappointing performance led to a 25% plunge in nCino's stock price, as investors reacted to the weaker-than-expected guidance for the first quarter and fiscal year 2026.

Future revenue guidance also fell short by 4%, with non-GAAP profit per share missing analyst estimates by 35.1%. The company's non-GAAP net income for the fourth quarter was $13.9 million, down from $23.8 million in the same period last year. This decline in earnings and revenue guidance has raised concerns among analysts, who had previously forecasted a potential 46.31% upside in nCino's stock price.

Despite the challenging quarter, nCino announced a stock repurchase program, aiming to bolster investor confidence. However, the market's reaction to the earnings miss and weak guidance has overshadowed this positive development, leading to a continued decline in the company's stock price.