nCino Q2 FY27: Revenue Beats, GAAP Profit, and a New $100M Buyback
NCNO sits 41% above its 52-week low of $13.8.
Summary
nCino beat Q2 revenue and swung to GAAP profitability, announced a new $100M buyback, and disclosed full quarterly financials including a $200M term loan and a bylaw amendment.
Key Events · Earnings and Guidance · NCNO
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Q2 Revenue and Profit Beat
Total revenue of $161.0M (+8% YoY) and subscription revenue of $143.5M (+10% YoY) exceeded guidance. GAAP operating income was $13.6M versus a $9.3M loss a year ago; non-GAAP operating income rose 36% to $40.8M.
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New $100M Buyback Authorization
Board authorized an additional $100M repurchase program in August 2026, following $300M in buybacks since April 2025. Q2 saw 4.2M shares repurchased at $17.40 avg (~$82M) plus finalization of the $100M ASR at $16.57 avg.
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Debt and Liquidity Position
Total debt of $276M as of July 31, 2026, including a new $200M term loan (net $197.5M) and $78.5M on the revolver. Cash and equivalents were $83.3M with $171.4M available borrowing capacity.
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Operating Cash Flow Strength
Net cash provided by operating activities was $115.6M for the six months, up from $72.1M a year ago, driven by net income of $21.4M and a $42.9M decrease in accounts receivable.
Analysis · NCNO · Technology
nCino delivered a clean beat with Q2 revenue of $161.0M (+8% YoY) and swung to GAAP operating profit of $13.6M, while the board authorized another $100M buyback. The 10-Q adds full financial detail: $276M in total debt after a new $200M term loan, $115.6M in operating cash flow for the half, and a bylaw amendment adding a cure mechanism for stockholder director nominations. The company repurchased 10.8M shares for $175.7M during the half, shrinking the share count and boosting EPS.
How filings like this one have moved
In the 30 days to Aug 25, 2026, 37.4% of the 3413 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NCNO was trading at $19.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $13.80 to $33.92. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.