On this page of StockholderLetter.com we present the latest annual shareholder letter from nCino, Inc. — ticker symbol NCNO. Reading current and past NCNO letters to shareholders can bring important insights into the investment thesis.

Our Company
nCino (NASDAQ: NCNO) is the worldwide leader in cloud
banking. Through its single software-as-a-service (SaaS)
platform, nCino helps financial institutions serving corporate
and commercial, small business, consumer, and mortgage
customers modernize and more effectively onboard clients,
make loans, manage the loan lifecycle, and open accounts.
Key Company Highlights

1,650+ employees

Over 1,800 customers across 19 countries

Global headquarters in Wilmington, NC,
USA, and 10 other offices around the world
Transforming how financial institutions operate
through innovation, reputation and speed.
17%
19%
35%
FY24 Total Revenue
growth rate
FY24 Subscription
Revenue growth rate1
FY22-FY24 Subscription
Rev CAGR2
$1.0B
117%
501
4Q FY24 Remaining
Performance Obligations
FY24 Subscription Rev
Retention Rate1
Customers with FY24
Subscription Revs >$100k
Fiscal year end is January 31. 1We calculate our subscription revenue retention rate as total subscription revenues in a fiscal year
from customers who contracted for any of our solutions as of January 31 of the prior fiscal year, expressed as a percentage of total
subscription revenues for the prior fiscal year. In accordance with this definition, subscription revenues from customers obtained
through an acquisition will first be included in the calculation in the fiscal year subsequent to such acquisition, for the periods they
were a customer of nCino. 2Subscription revenues consist principally of fees from customers for accessing our solutions and maintenance and support services that we generally offer under non-cancellable multi- year contracts, which typically range from three to
five years for the nCino Bank Operating System and one to three years for nCino Mortgage.
   nCino | ncino.com
22
 • shareholder letter icon 5/10/2024 Letter Continued (Full PDF)
 • stockholder letter icon 5/10/2023 NCNO Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon NCNO Benford's Law Stock Score = 88


NCNO Shareholder/Stockholder Letter Transcript:


Our Company
nCino (NASDAQ: NCNO) is the worldwide leader in cloud
banking. Through its single software-as-a-service (SaaS)
platform, nCino helps financial institutions serving corporate
and commercial, small business, consumer, and mortgage
customers modernize and more effectively onboard clients,
make loans, manage the loan lifecycle, and open accounts.
Key Company Highlights

1,650+ employees

Over 1,800 customers across 19 countries

Global headquarters in Wilmington, NC,
USA, and 10 other offices around the world
Transforming how financial institutions operate
through innovation, reputation and speed.
17%
19%
35%
FY24 Total Revenue
growth rate
FY24 Subscription
Revenue growth rate1
FY22-FY24 Subscription
Rev CAGR2
$1.0B
117%
501
4Q FY24 Remaining
Performance Obligations
FY24 Subscription Rev
Retention Rate1
Customers with FY24
Subscription Revs >$100k
Fiscal year end is January 31. 1We calculate our subscription revenue retention rate as total subscription revenues in a fiscal year
from customers who contracted for any of our solutions as of January 31 of the prior fiscal year, expressed as a percentage of total
subscription revenues for the prior fiscal year. In accordance with this definition, subscription revenues from customers obtained
through an acquisition will first be included in the calculation in the fiscal year subsequent to such acquisition, for the periods they
were a customer of nCino. 2Subscription revenues consist principally of fees from customers for accessing our solutions and maintenance and support services that we generally offer under non-cancellable multi- year contracts, which typically range from three to
five years for the nCino Bank Operating System and one to three years for nCino Mortgage.
   nCino | ncino.com
22



shareholder letter icon 5/10/2024 Letter Continued (Full PDF)
 

NCNO Stockholder/Shareholder Letter (nCino, Inc.) | www.StockholderLetter.com
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