nCino, Inc. (NASDAQ: NCNO) provides cloud-based banking software and solutions to financial institutions worldwide. Since 2011, nCino has addressed the prevalent challenges of outdated technology, siloed data, and disconnected processes within the financial services industry. The company serves over 2,700 financial institutions by offering a unified, end-to-end platform designed to enhance efficiency, ensure compliance, and improve client experiences.
Let us explain.
nCino’s primary product, the nCino Platform, is a cloud-based, software-as-a-service (SaaS) solution that aims to digitize and streamline complex banking processes. Integrating artificial intelligence (AI) and machine learning through its nCino IQ (nIQ) suite, the platform supports various lines of business, including commercial, small business, consumer, and mortgage banking. It provides tools for client onboarding, loan origination, account opening, portfolio management, and regulatory compliance. The platform seamlessly integrates with clients’ customer relationship management (CRM) tools and third-party data sources.
On the hunt.
In 2022, nCino’s acquisition of SimpleNexus enhanced its mortgage capabilities, offering a mobile-first homeownership solution. Other acquisitions—including Visible Equity (2019), FinSuite (2019), DocFox (2024), FullCircl (2024), and SandBox Banking (2025)—have extended its analytics, onboarding, and digital transformation offerings.
Financial Snapshot.
In the fiscal year 2025, nCino reported revenue of $541 million, with $470 million, or 87% of total sales, derived from recurring subscription revenue. The non-GAAP operating margins for the year were approximately 18%. Management has issued organic revenue growth guidance of 8%-9% for this year, with a long-term objective to increase the non-GAAP operating margin to 35%. Approximately 80% of revenues are domestic, and the integration of the aforementioned acquisitions is expected to significantly enhance cash flow metrics in the coming years.
In the future.
nCino is well-positioned to capitalize on the growing demand for digital banking solutions. Its cloud-native platform, developed by bankers for bankers, meets the evolving needs of financial institutions in a rapidly changing landscape. Strategic partnerships with firms such as Accenture, Deloitte Digital, and PwC enhance its implementation and advisory capabilities. The company’s focus on AI-driven innovation, strategic acquisitions, and global expansion strengthens its competitive edge in servicing the fragmented and large cloud banking industry worldwide.
