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.
F I S CAL YEA R 2026 Annual Report
Our Company nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and some of the largest financial entities globally nCino offers a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, Al and data. KEY HIGHLIGHTS 1,650+ employees 2,700+ customers Deployed in over 25 countries Global Headquarters: Wilmington, NC, USA 13 offices globally 13% 12% 112% Subscription Revenues CAGR FY24-FY261 FY26 Subscription Revenue Growth ACV Net Retention Rate2 10% 110% FY26 Total Revenue Growth Subscription Revenues Net Retention Rate3 $602.4M $82.6M ACV as of January 31, 2026 (up 17% year over year) FY26 Free Cash Flow (up 55% year over year) 620 114 customers with FY26 subscription revenue over customers with FY26 subscription revenue over $1M $100K 14 customers with FY26 subscription revenue over $5M Fiscal year end is January 31. 1Subscription 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. 2We define ACV net retention ion rat rate as total ACV at the end of a fiscal year from c customers with ACV as of the end of the prior fisc fiscal year, expressed as a percentage entage of ACV as of the end of the prior fiscal scal year, converted to U.S. dolla dollar with foreign exchange xxchange rates in effect as of the end e of the applicable period. er We define ACV as the he highest annualized nnualized subscription fee obligation under customer stomer contracts in effect at the end of the reporting period. od 3We calculate our subscription p revenue enue net retention rate as total subscript subscription revenues enues in a fiscal year from customers who contributed subscription ub revenues in the prior fiscal year, subscription prior fiscal year. en s ar, expressed as a percentage percen of total subs ion revenues for the prio nCino | ncino.com o
 • shareholder letter icon 5/8/2026 Letter Continued (Full PDF)
 • stockholder letter icon 5/10/2023 NCNO Stockholder Letter
 • stockholder letter icon 5/10/2024 NCNO Stockholder Letter
 • stockholder letter icon 5/9/2025 NCNO Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon NCNO Benford's Law Stock Score = 94


NCNO Shareholder/Stockholder Letter Transcript:

F I S CAL YEA R 2026
Annual Report

Our Company
nCino (NASDAQ: NCNO) is powering a new era in financial services. The
Company was founded to help financial institutions digitize and reengineer
business processes to boost efficiencies and create better banking experiences.
With over 2,700 customers worldwide - including community banks, credit
unions, independent mortgage banks, and some of the largest financial entities
globally     nCino offers a trusted platform of best-in-class, intelligent solutions.
By integrating artificial intelligence and actionable insights into its platform,
nCino is helping financial institutions consolidate legacy systems to enhance
strategic decision-making, improve risk management, and elevate customer
satisfaction by cohesively bringing together people, Al and data.
KEY HIGHLIGHTS
1,650+ employees
2,700+ customers
Deployed in over 25 countries
Global Headquarters:
Wilmington, NC, USA
13 offices globally
13%
12%
112%
Subscription Revenues
CAGR FY24-FY261
FY26 Subscription
Revenue Growth
ACV Net
Retention Rate2
10%
110%
FY26 Total
Revenue Growth
Subscription Revenues
Net Retention Rate3
$602.4M
$82.6M
ACV as of January 31, 2026
(up 17% year over year)
FY26 Free Cash Flow
(up 55% year over year)
620
114
customers with FY26
subscription revenue over
customers with FY26
subscription revenue over
$1M
$100K
14
customers with FY26
subscription revenue over
$5M
Fiscal year end is January 31. 1Subscription 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. 2We define ACV
net retention
ion rat
rate as total ACV at the end of a fiscal year from c
customers with ACV as of the end of the prior fisc
fiscal year, expressed as a percentage
entage
of ACV as of the end of the prior fiscal
scal year, converted to U.S. dolla
dollar with foreign exchange
xxchange rates in effect as of the end
e of the applicable period.
er
We define ACV as the
he highest annualized
nnualized subscription fee obligation under customer
stomer contracts in effect at the end of the reporting period.
od 3We
calculate our subscription
p
revenue
enue net retention rate as total subscript
subscription revenues
enues in a fiscal year from customers who contributed subscription
ub
revenues
in the prior fiscal
year,
subscription
prior fiscal year.
en
s
ar, expressed as a percentage
percen
of total subs
ion revenues for the prio
   nCino | ncino.com
o


shareholder letter icon 5/8/2026 Letter Continued (Full PDF)
 

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