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nCino NCNO

nCino scores average on business quality (4.7 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$19.73Oct 9, 2026
Business qualityAverage
Next earningsNot scheduled yet
Insiders, 90 daysSelling

Why it matters

  1. What nCino does

    nCino sells cloud software to banks and financial institutions, charging subscription fees to digitize loan origination and account opening workflows. The business focuses on migrating traditional lenders onto its single platform to reduce manual processing friction.

  2. What it does best

    nCino embeds itself into bank lending workflows, driving healthy renewals highlighted in recent coverage.

  3. The main risk

    Debt obligations total $265M against just $88M in cash, creating leverage pressure on the balance sheet.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin stands at 7.9% with net income at $34.0M, reflecting modest profitability as the business scales.

MoatFair

Operating in the middle of the pack with a 51 gross margin sector percentile, switching costs keep bank customers locked in.

GrowthSteady

Revenue grew 10.0% to $622M, showing steady gains as historical annual sales expanded from $408M in 2023.

Financial healthFair

Total debt sits at $265M with interest coverage at 2.7x, leaving debt servicing tight. Free cash flow reached $133M, pointing to improved cash generation.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

4 sold $617K outside pre-planned sales.

Our sealed record on NCNO

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is NCNO a good business?

nCino scores average on the Cluenex quality check (4.7 of 10), measured against its own industry. Profitability is weak, moat fair, growth steady and financial health fair.

Are insiders buying NCNO?

In the last 90 days of SEC Form 4 filings: 4 sold $617K outside pre-planned sales.

When does NCNO report earnings?

Not scheduled yet.

For members

See NCNO today

  • Today's verdict on NCNO, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “nCino (NCNO)”, https://cluenex.com/stocks/ncno/, data as of Oct 10, 2026.