nCino shares tumble on profit miss and soft guidance by Investing.com

WILMINGTON, NC – nCino, Inc. (NASDAQ:NCNO), a provider of cloud banking software, saw shares fall 9% after reporting second-quarter earnings that missed analysts’ expectations and provided weaker-than-expected guidance.

The company reported adjusted earnings per share of $0.09 for the second quarter, missing the consensus estimate of $0.13. Revenue was $132.4 million, slightly above the $131.06 million expected by analysts and up 13% from last year.

nCino’s guidance for the third quarter also disappointed investors. The company forecast revenue of $136-138 million, below consensus of $138.6 million. For adjusted EPS, nCino projects $0.15-$0.16, compared to analysts’ estimate of $0.16.

Despite the missed earnings, nCino highlighted some positive developments. Subscription revenue rose 14% year-over-year to $113.9 million. The company also noted the strength of its US business in the corporate and community banking segments.

“We are pleased to report that we once again exceeded our quarterly guidance for total and subscription revenue, as well as for non-GAAP operating income,” said Pierre Naudé, president and CEO of nCino. “While some macroeconomic challenges remain, particularly in the US mortgage market and international markets, we have a positive outlook for the second half of the year.”

nCino maintained its full-year 2025 revenue guidance of $538.5 million to $544.5 million. The company ended the quarter with $126.8 million in cash and cash equivalents after repaying $15 million of its revolving credit facility.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.