nCino announced strong financial results for Q3 FY2025, with increased revenues and acquisitions

From GlobeNewswire: 2024-12-04 21:13:39

nCino announced financial results for the third quarter of fiscal year 2025, with total revenues of $138.8M and a 14% increase in subscription revenues. The GAAP operating margin improved by 1,000 basis points year-over-year. nCino also completed the acquisition of FullCircl, signed new agreements with top banks in the U.S. and Australia, and expanded its customer base in Japan and Norway. The company provided guidance for the fourth quarter and fiscal year 2025, expecting total revenues between $139.5M and $141.5M for the fourth quarter and between $539.0M and $541.0M for the full fiscal year. Non-GAAP net income per diluted share is projected to be between $0.18 and $0.19 for the fourth quarter and between $0.72 and $0.73 for the full fiscal year.

The company also provided additional financial details, including a reconciliation of GAAP to non-GAAP measures for the third quarter and nine months ended October 31, 2024. Non-GAAP measures were used to exclude items such as amortization of intangible assets, stock-based compensation, acquisition-related expenses, litigation expenses, and restructuring charges. nCino reported a non-GAAP operating margin of 20% for the third quarter and provided a reconciliation of GAAP net loss to non-GAAP net income attributable to nCino per share. Free cash flow and free cash flow less principal payments on financing obligations were also provided.

Investor and media contacts for nCino were listed as Harrison Masters and Natalia Moose, respectively. According to the article, nCino is a leading provider of intelligent banking solutions with over 1,800 customers worldwide. The company’s mission is to help financial institutions digitize processes and create better banking experiences by integrating AI and actionable insights into their platform.



Read more at GlobeNewswire: Correction to Press Release Announcing nCino’s Third