nCino, Inc. reported a 12% year-over-year increase in total revenues, reaching $148.8 million for the second quarter of fiscal year 2026. Subscription revenues also saw growth, up 15% to $130.8 million. CEO Sean Desmond highlighted strong customer demand and improved financial outlook, emphasizing the company’s leadership in AI-banking.

Key financial figures include a GAAP loss from operations of $(9.3) million, an increase from the previous year, and a non-GAAP operating income of $30.0 million, representing a 56% increase. GAAP net income attributable to nCino was $(15.3) million, while non-GAAP net income was $25.7 million, up 64%.

Recent business highlights for nCino include renewing and expanding relationships with top banks in the U.S. and Canada, signing the first Spanish customer, and expanding a relationship with a British challenger bank. Additionally, the company signed a top home-builder for nCino Mortgage to support nationwide growth.

Looking ahead, nCino provided guidance for the third quarter ending October 31, 2025, with total revenues projected between $146.0 million and $148.0 million, and subscription revenues between $127.5 million and $129.5 million. For the fiscal year 2026, total revenues are expected to be between $585.0 million and $589.0 million, with subscription revenues between $513.5 million and $517.5 million. Non-GAAP net income per diluted share is forecasted at $0.77 to $0.80.

Read more at GlobeNewswire: nCino Reports Second Quarter Fiscal Year 2026 Financial