Ncino, Inc. income statement
In fiscal 2026, Ncino, Inc. reported revenue of $595m, up 10.0% on the year before, operating income of $3.7m (a 0.6% margin) and net income of $5.2m, or $0.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 204 | 274 | 408 | 477 | 541 | 595 | 622 |
| Cost of revenue | 64 | 88 | 111 | 170 | 191 | 216 | 235 | 235 |
| Gross profit | 74 | 116 | 162 | 239 | 285 | 325 | 360 | 387 |
| Research and development | 35 | 58 | 79 | 122 | 117 | 129 | 128 | 119 |
| Selling and marketing | 44 | 60 | 83 | 128 | 131 | 123 | 137 | 137 |
| General and administrative | 23 | 41 | 72 | 83 | 77 | 90 | 92 | 82 |
| Operating income | −28 | −43 | −71 | −94 | −40 | −18 | 4 | 49 |
| Interest expense | 0 | 0 | 2 | 3 | 4 | 9 | 17 | 18 |
| Income before tax | −27 | −41 | −74 | −98 | −42 | −36 | 7 | — |
| Income tax | 1 | 1 | −24 | 4 | 2 | −3 | −3 | −6 |
| Net income | −28 | −41 | −49 | −103 | −42 | −38 | 5 | 34 |
| Diluted EPS | −$0.35 | −$0.46 | −$0.51 | −$0.93 | −$0.38 | −$0.33 | $0.05 | $0.31 |
| Diluted shares (average) | 78m | 88m | 97m | 111m | 113m | 115m | 114m | 110m |
| EBITDA | −24 | −35 | −61 | −59 | 6 | 18 | 46 | 72 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 139 | 141 | 144 | 149 | 152 | 150 | 159 | 161 |
| Cost of revenue | 54 | 57 | 58 | 61 | 58 | 58 | 58 | 60 |
| Gross profit | 85 | 84 | 86 | 88 | 94 | 92 | 101 | 101 |
| Research and development | 33 | 32 | 33 | 35 | 30 | 30 | 29 | 31 |
| Selling and marketing | 30 | 34 | 33 | 37 | 33 | 33 | 34 | 37 |
| General and administrative | 23 | 24 | 22 | 25 | 19 | 26 | 17 | 19 |
| Operating income | −1 | −6 | −2 | −9 | 12 | 3 | 21 | 14 |
| Interest expense | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 5 |
| Income tax | 3 | −4 | 5 | 1 | −1 | −8 | 2 | 2 |
| Net income | −5 | −19 | 6 | −15 | 7 | 8 | 14 | 5 |
| Diluted EPS | −$0.05 | −$0.16 | $0.05 | −$0.13 | $0.06 | $0.08 | $0.12 | $0.05 |
| EBITDA | 1 | 4 | 9 | −8 | 13 | 13 | 31 | 15 |
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