Monitor the execution of the $100M ASR program and the company's ability to maintain its strong subscription revenue growth and net retention (112%) into fiscal 2027, as the new debt increases financial leverage.
Price Chart
Executive Summary
nCino reported strong fiscal year 2026 results with $594.8M in total revenue (10% YoY growth) and $122.7M in non-GAAP net income (45% YoY growth), exceeding its own guidance. The company also announced a $200M term loan to fund a $100M accelerated share repurchase (ASR) program, signaling confidence in its financial position despite a slight Q4 revenue miss versus consensus.
Key Financial Metrics
Key Facts
- Fiscal year 2026 total revenue was $594.8M, up 10% YoY; subscription revenue was $523.1M, up 12% YoY
- Non-GAAP net income was $122.7M, up 45% YoY, with non-GAAP EPS of $1.07, up 49% YoY
- Q4 revenue of $149.7M missed consensus of $155.7M by 3.9%
- Company announced a $100M accelerated share repurchase (ASR) program, funded by a new $200M term loan
- Fiscal 2027 guidance is strong: $639M-$643M in revenue and $132M-$137M in free cash flow
Financial Impact
The $200M term loan increases leverage but funds a shareholder return program; Q4 revenue slightly missed but full-year results were strong with accelerating subscription growth and high net retention.
Risk Factors
- Increased debt load from the $200M term loan could pressure margins if interest rates rise
- Q4 revenue growth of 6% was the slowest of the year, potentially signaling a near-term growth deceleration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001902733-26-000019 |
| Document: fourthquarterearningspress.htm | 0001902733-26-000019 |
| Document: ncno-20260330.htm | 0001902733-26-000019 |
| Document: fourthquarterfiscal2026e.htm | 0001902733-26-000019 |
| Document: 0001902733-26-000019-index-headers.html | 0001902733-26-000019 |
| Document: 0001902733-26-000019-index.html | 0001902733-26-000019 |
| Document: 0001902733-26-000019.txt | 0001902733-26-000019 |
| 8-K Data (Synthetic) | 0001902733-26-000019 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 144 | $19.73 | awaiting T+60 | — | $23.42 (+18.70%) |
Oct 5, 2026 21d ago | 144 | $19.28 | awaiting T+60 | — | $23.42 (+21.47%) |
Sep 8, 2026 6w ago | Insider Cluster | $21.73 | awaiting T+60 | — | $23.42 (+7.78%) |
Sep 3, 2026 7w ago | 144 | $23.63 | awaiting T+60 | — | $23.42 (−0.89%) |
Aug 25, 2026 8w ago | Press Release | $21.51 | awaiting T+60 | — | $23.42 (+8.88%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 6, 2026 11w ago | Insider Cluster | $19.17 | awaiting T+60 | — | $23.42 (+22.17%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 5, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
Aug 4, 2026 11w ago | 144 | $19.23 | awaiting T+60 | — | $23.42 (+21.79%) |
US Market Status
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