nCino, Inc. reported its third‑quarter fiscal 2026 results on December 3, 2025, posting total revenue of $152.2 million, a 10% year‑over‑year increase that reflects strong demand for its cloud‑native banking platform and the continued adoption of its AI‑driven solutions.
Revenue growth was driven by a 11% rise in subscription revenue to $133.4 million, the core of the company’s recurring business. The increase was supported by new customer wins in the commercial banking segment and higher pricing in the mortgage‑related services, offsetting modest headwinds in legacy product lines.
Non‑GAAP earnings per share of $0.31 beat analyst expectations of $0.20–$0.21, a $0.10 or 50% lift. The beat was largely due to disciplined cost management and the higher mix of high‑margin subscription contracts, which helped expand the non‑GAAP operating margin to 26% from 20% in the prior year.
Management raised its full‑year 2026 revenue outlook to $591.9 million–$593.4 million, up from $585 million–$589 million, and adjusted EPS guidance to $0.90–$0.91, above the previous $0.79 range. The upward revision signals confidence in sustained demand for AI‑enabled banking services and the successful monetization of the platform‑pricing transition.
The company also highlighted the integration of DocFox, FullCircl, and Sandbox Banking, which have expanded its data‑automation capabilities and broadened its geographic reach. These acquisitions, combined with the AI focus, are expected to accelerate growth and help nCino move closer to its Rule of 40 target by improving both revenue growth and profitability.
Investors responded positively to the earnings beat and the raised guidance, reflecting confidence in nCino’s execution and its strategic shift toward a subscription‑based, AI‑powered platform.
nCino’s results underscore the company’s ability to scale its core platform while maintaining margin expansion, positioning it well for continued growth in the competitive fintech landscape.
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