nCino, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $594.8M | $540.7M | $476.5M | $408.3M | $273.9M | $204.3M | $138.2M |
| Cost of Revenue | $234.6M | $215.9M | $191.5M | $169.6M | $111.4M | $88.1M | $64.1M |
| Gross Profit | $360.2M | $324.8M | $285.1M | $238.7M | $162.5M | $116.2M | $74.1M |
| Gross Margin | 60.6% | 60.1% | 59.8% | 58.5% | 59.3% | 56.9% | 53.6% |
| Operating Expenses | |||||||
| Research & Development | $127.5M | $129.4M | $117.3M | $121.6M | $79.4M | $58.3M | $35.3M |
| SG&A Expense | $92.4M | $90.3M | $76.7M | $83.5M | $71.5M | $40.8M | $22.5M |
| Operating Income | $3.7M | $-18.1M | $-39.5M | $-94.0M | $-71.4M | $-42.6M | $-28.2M |
| Operating Margin | 0.6% | -3.4% | -8.3% | -23.0% | -26.1% | -20.9% | -20.4% |
| Interest Expense | — | — | $4.1M | $2.8M | $1.5M | $130.0K | $0 |
| Pretax Income | $6.7M | $-35.6M | $-41.9M | $-97.8M | $-74.0M | $-40.7M | $-27.1M |
| Income Tax Expense | $-3.0M | $-2.5M | $1.6M | $4.1M | $-23.8M | $586.0K | $586.0K |
| Net Income | $5.2M | $-37.9M | $-42.3M | $-102.7M | $-49.4M | $-40.5M | $-27.6M |
| Net Margin | 0.9% | -7.0% | -8.9% | -25.2% | -18.1% | -19.8% | -20.0% |
| EPS (Basic) | $0.05 | $-0.33 | $-0.38 | $-0.93 | $-0.51 | $-0.46 | $-0.35 |
| EPS (Diluted) | $0.05 | $-0.33 | $-0.38 | $-0.93 | $-0.51 | $-0.46 | $-0.35 |
| Shares Outstanding (Basic) | 112.9M | 115.2M | 112.7M | 110.6M | 96.7M | 87.7M | 78.3M |
| Shares Outstanding (Diluted) | 114.3M | 115.2M | 112.7M | 110.6M | 96.7M | 87.7M | 78.3M |
| Dividends Per Share | — | — | — | — | — | — | — |