nCino, Inc. · Software

NCNO

Low riskNext report: Around Dec 2 (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are adding.

Going well

Profitable
Sales up 10% last year
Brings in more cash than it spends

Money moves

Insiders sold $1.0M in the last 30 days, all through pre-planned sales
Institutions added 6.3% to their holdings in the quarter ending June 2026 (173 bought, 152 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$23.42+1.1% that day

Company value: $2.5B; Share price times all shares
Price vs profit (P/E): 75.5x; You pay about $76 for each $1 of yearly profit
Price vs sales: 4.0x; Company value is 4.0 times a year of sales
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 9%; Debt as a share of company value

From NCNO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jul '26

$161.0M+8.2% vs a year earlier

Oct '23Tap a barJul '26

Last 12 months: $622.2M, up 8.6% from the 12 months before. Over 5 years, sales grew about 24% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NCNO. Starting points are the company's recent numbers.

Sales growth+9% a yearRecently: +8.6% a yearProfit margin6%Last 12 months: 6.1%P/E at the end40xToday: 75.5x. Many steady companies trade at 12x to 25xShare count change+1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$957M

Profit in 5 years$57M

Price these guesses point to$20.68-12% vs $23.42 todayAbout -2.5% a year, before dividends

What today's price needs: with a 6% margin and a 40x P/E, sales would have to grow about 12% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/7Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.9%
PassDebt under half of equityNot relying on borrowed money.0.20x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.6%
MissProfitable every yearSteady profits, not one good year.1 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$82.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.60.6%

Revenue: $594.8M; +10.0% vs prior year
5-year growth: +23.8%/yr; revenue, per year
Total debt: $213.5M; 0.20x equity
Current ratio: 1.00x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jul 31, 2026

Reported Aug 25

Revenue: $161.0M; +8.2% YoY
EPS: $0.05; vs -$0.13
Op. margin: 8.5%; +14.7 pts
Gross margin: 62.6%; +3.4 pts
Free cash flow: $34.0M
Share count: -8.6%; vs a year ago

Insider rating

Last 90 days

45Mixed

Pre-planned sales of $1.0M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 2.2
vs normal: 0.5x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+6.3%

Institutions added 6.3% to their holdings. 173 bought, 152 sold.

Shares held by institutions128.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.3x · $275.4M debt

Shares outstandingLatest reported

106M

Earnings reports

Last 12

Next reportAround Dec 2 (est.)Estimated from the same quarter last year

Results filedAug 25
Results filedMay 27
Results filedMar 31
Results filedDec 3, 2025
Results filedAug 26, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 13 · View filing ↗Big holder New 5%+ holder (passive)Aug 13 · View filing ↗Big holder 5%+ holder update (passive)Jul 31 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$1.0M1 insider, 2 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Sean DesmondCEO & President	Sell	44K	$19.90	$875K	1M	Oct 9Filing ↗
-3.5% of their holdings Pre-planned sale (10b5-1) Also Director Filed 5 days after
Sean DesmondCEO & President	Sell	8K	$18.69	$151K	1M	Oct 5Filing ↗
-0.7% of their holdings Pre-planned sale (10b5-1) Also Director Filed 2 days after