Revenue Growth - Total revenues for the three months ended July 31, 2024, increased to $132.4 million, up from $117.2 million for the same period in 2023, representing a growth of 12.5%[9] - Subscription revenues for the six months ended July 31, 2024, reached $224.3 million, compared to $197.2 million for the same period in 2023, reflecting an increase of 13.8%[9] - Total revenues for the three months ended July 31, 2024, were $132.4 million, representing a 12.9% increase from $117.2 million in the same period of 2023[98] - Subscription revenues for the three months ended July 31, 2024, were $113.9 million, a 14.0% increase from $99.9 million in the same period of 2023[98] - For the six months ended July 31, 2024, total revenues were $260.5 million, a 12.8% increase from $230.9 million in the same period of 2023[98] - Subscription revenues for the six months ended July 31, 2024, were $224.3 million, representing a 13.7% increase from $197.2 million in the same period of 2023[98] Profitability and Losses - Gross profit for the three months ended July 31, 2024, was $78.5 million, compared to $69.2 million for the same period in 2023, indicating a gross margin improvement[9] - Net loss attributable to nCino, Inc. for the three months ended July 31, 2024, was $11.0 million, compared to a net loss of $15.9 million for the same period in 2023, showing a reduction in losses[11] - The company reported a comprehensive loss of $10.5 million for the three months ended July 31, 2024, down from a comprehensive loss of $16.1 million for the same period in 2023[11] - Net loss attributable to nCino, Inc. for the six months ended July 31, 2024, was $14,016 thousand, compared to a net loss of $27,723 thousand for the same period in 2023, representing a 49% improvement[19] - The company recorded basic and diluted loss per share of $(0.10) for the three months ended July 31, 2024, compared to $(0.14) for the same period in 2023[87] Operating Expenses - Operating expenses for the three months ended July 31, 2024, totaled $86.4 million, slightly up from $84.0 million in the same period of 2023, with research and development expenses increasing to $34.3 million[9] - Sales and marketing expenses decreased by $2.3 million for the six months ended July 31, 2024, compared to the same period in 2023, primarily due to a $1.4 million decrease in personnel costs and a $0.6 million decrease in sales-related travel costs[130] - Research and development expenses increased by $6.2 million for the six months ended July 31, 2024, compared to the same period in 2023, mainly due to a $5.3 million increase in personnel costs[132] - General and administrative expenses increased by $3.0 million for the six months ended July 31, 2024, compared to the same period in 2023, primarily due to a $3.7 million increase in personnel costs[135] Cash Flow and Liquidity - Cash provided by operating activities for the six months ended July 31, 2024, was $59,441 thousand, an increase from $43,267 thousand in the same period of 2023, reflecting a 37% increase[19] - Total cash, cash equivalents, and restricted cash at the end of the period on July 31, 2024, was $126,765 thousand, up from $103,369 thousand at the end of the previous period, indicating a 22.6% increase[20] - As of July 31, 2024, the company had $121.4 million in cash and cash equivalents and an accumulated deficit of $365.9 million[146] - Cash used in investing activities for the six months ended July 31, 2024, was $91.9 million, primarily for the acquisitions of DocFox and ILT[155] - Cash provided by financing activities for the six months ended July 31, 2024, was $43.2 million, mainly from $75.0 million in borrowings on the Credit Facility[156] Acquisitions - The company acquired DocFox for a total cash consideration of $74.3 million, including $6.2 million for common stock options, with an estimated fair value of consideration transferred at $72.4 million[49] - The Company acquired Integrated Lending Technologies (ILT) for $19.9 million in cash, with transaction costs of approximately $0.9 million recorded in general and administrative expenses[55][56] - The financial results of DocFox and ILT since their respective acquisition dates are included in the Company's consolidated financial statements but are not material to the overall results[54][60] Market Presence and Future Plans - The company continues to focus on expanding its market presence and investing in new product development to drive future growth[9] - The company plans to continue investing in product development and sales and marketing to drive growth and maintain market leadership[102] Stock and Shareholder Information - The weighted average number of common shares outstanding for the three months ended July 31, 2024, was 115.2 million, compared to 112.4 million for the same period in 2023[9] - The company’s total common shares outstanding increased from 113,684,299 on January 31, 2024, to 115,387,309 on July 31, 2024[17] - The total unrecognized compensation expense related to non-vested RSUs is $178.6 million, expected to be recognized over a weighted average period of 2.93 years[66] Foreign Currency and Interest - Interest income for the three months ended July 31, 2024, was $321, down from $835 in the same period of 2023, while interest expense increased to $1.8 million[9] - A hypothetical 10% increase or decrease in foreign currency exchange rates would have impacted cash, cash equivalents, and restricted cash by approximately $7.0 million as of July 31, 2024[164]

Exhibit 99.1 nCino Reports Second Quarter Fiscal Year 2025 Financial Results • Total Revenues of $132.4M, up 13% year-over-year • Subscription Revenues of $113.9M, up 14% year-over-year • GAAP Operating Margin of (6)%, up ~650 basis points year-over-year • Non-GAAP Operating Margin of 15%, up ~500 basis points year-over-year WILMINGTON, N.C., August 27, 2024 -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the second ...

• Total Revenues of $132.4M, up 13% year-over-year • Subscription Revenues of $113.9M, up 14% year-over-year • GAAP Operating Margin of (6)%, up ~650 basis points year-over-year • Non-GAAP Operating Margin of 15%, up ~500 basis points year-over-year WILMINGTON, N.C., Aug. 27, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced financial results for the second quarter of fiscal year 2025, ended July 31, 2024. "We are plea ...

Wall Street expects a year-over-year increase in earnings on higher revenues when nCino (NCNO) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 27, 2024, might help the stock move higher if these key numbers are better than expectatio ...

LONDON and AMSTERDAM, Aug. 20, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, announced that ABN AMRO, one of the largest banks in the Netherlands, is live on nCino's Cloud Banking Platform. ABN AMRO selected nCino as a key technology platform to strengthen the Bank's ambitions to be a personal bank in the digital age by supporting continuous innovation. ABN AMRO is utilizing nCino across its corporate lending operations, as well a ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? NCino (NCNO) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider. When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 60.58%, on average, in the last two quarters. For the most recent quarter, nCino was expecte ...

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino's cloud-based platform. With nCino's intelligent solutions, Shawbrook's team will be able to more efficiently complete routine tasks, allowing for more focus on delivering impactful services to the SME market i ...

LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Shawbrook has chosen nCino to help automate its loan origination processes, while expanding portfolio management capabilities through nCino's cloud-based platform. With nCino's intelligent solutions, Shawbrook's team will be able to more efficiently complete routine tasks, allowing for more focus on delivering impactful services to the SME market i ...

WILMINGTON, N.C., July 10, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ:NCNO), a pioneer in cloud banking for the global financial services industry, today announced its inclusion on CNBC and Statista's 2024 World's Top FinTech Companies list. The recognition further validates the power of nCino's single platform, boosted by several key solution offerings including Banking Advisor, a generative AI tool for bankers, made available in the first half of the year. nCino was founded to help financial institution ...

"nCino is exceptionally proud to be recognized as a World's Top FinTech Company for 2024," said Pierre Naudé, CEO and Chairman of the Board at nCino. "We continue to be driven by our mission of transforming financial services, and this recognition reflects both our roots as a pioneer in cloud banking and our evolution as a partner to financial institutions modernizing their operations through data, AI, intelligent automation, and best-in-class experiences. For us, innovation is not just a mindset – it's our ...