nCino hits record $595M revenue and announces $100M share repurchase

nCino (NASDAQ:NCNO) reported robust financial results for its fiscal year 2026 on Tuesday, March 31, 2026, demonstrating continued momentum in the global digital transformation of banking.

The company achieved total revenue of $594.8 million, representing a 10% increase year-over-year, driven by sustained demand for its cloud-based operating system among financial institutions.

A key performance indicator, Annual Contract Value (ACV), reached $602.4 million at fiscal year-end, a significant 17% increase over the prior year.

This growth highlights nCino’s success in expanding its footprint within existing Tier 1 and Tier 2 bank relationships while adding new global customers to its platform.

On a profitability basis, nCino reported GAAP net income of $5.2 million, marking a continued trend toward sustained GAAP profitability.

On a non-GAAP basis, which excludes certain non-cash and integration-related items, net income reached $122.7 million.

Reflecting confidence in its long-term growth profile and cash flow generation, nCino’s Board of Directors authorized a $100 million accelerated share repurchase (ASR) program.

The initiative will be financed partly through a new $200 million Term Loan A, optimizing the company’s capital structure while returning value to shareholders.

Looking ahead, nCino issued optimistic guidance for fiscal year 2027.

The company expects total revenue to fall between $639 million and $643 million, with ACV projected to reach a range of $662.5 million to $667.5 million.