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NCNO 
nCino Inc (NCNO)
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Upturn Advisory Summary
11/28/2025: NCNO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
16 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $35.61
1 Year Target Price $35.61
| 1 | Strong Buy |
| 5 | Buy |
| 10 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -32.77% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.86B USD | Price to earnings Ratio - | 1Y Target Price 35.61 |
Price to earnings Ratio - | 1Y Target Price 35.61 | ||
Volume (30-day avg) 16 | Beta 0.53 | 52 Weeks Range 18.75 - 42.88 | Updated Date 11/30/2025 |
52 Weeks Range 18.75 - 42.88 | Updated Date 11/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.29 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-26 | When - | Estimate 0.2016 | Actual - |
Profitability
Profit Margin -5.86% | Operating Margin (TTM) 1.45% |
Management Effectiveness
Return on Assets (TTM) 0.05% | Return on Equity (TTM) -2.56% |
Valuation
Trailing PE - | Forward PE 23.7 | Enterprise Value 3007173584 | Price to Sales(TTM) 5 |
Enterprise Value 3007173584 | Price to Sales(TTM) 5 | ||
Enterprise Value to Revenue 5.25 | Enterprise Value to EBITDA 94.25 | Shares Outstanding 115814720 | Shares Floating 105823384 |
Shares Outstanding 115814720 | Shares Floating 105823384 | ||
Percent Insiders 2.32 | Percent Institutions 120.92 |
Upturn AI SWOT
nCino Inc
Company Overview
History and Background
nCino, Inc. was founded in 2011 in Wilmington, North Carolina. It emerged from Live Oak Bank to address the specific needs of financial institutions with its cloud-based banking platform. It went public in 2020.
Core Business Areas
- Bank Operating System: Provides a comprehensive, end-to-end platform for financial institutions, encompassing loan origination, account opening, CRM, and workflow automation.
Leadership and Structure
Pierre Naudu00e9 is the CEO. The company operates with a standard corporate structure including departments such as Sales, Marketing, Engineering, and Customer Success. The Board of Directors provides oversight.
Top Products and Market Share
Key Offerings
- nCino Bank Operating System: A cloud-based platform that streamlines banking processes, improving efficiency and customer experience. Includes loan origination, customer relationship management, workflow, document management, and reporting capabilities. While exact market share is difficult to pinpoint due to the fragmented nature of the banking software market, nCino is a recognized leader in cloud banking and claims to be trusted by more than 1,850 financial institutions. Competitors include FIS, Fiserv, Temenos, and Finastra.
Market Dynamics
Industry Overview
The banking software industry is undergoing a significant shift towards cloud-based solutions, driven by the need for greater agility, scalability, and cost-effectiveness. Regulatory compliance and the increasing demand for personalized customer experiences are also key drivers.
Positioning
nCino is positioned as a leading provider of cloud-based banking software, targeting financial institutions of all sizes. Its focus on a unified platform and its integration with Salesforce give it a competitive advantage.
Total Addressable Market (TAM)
Estimates place the TAM for banking software in the tens of billions of dollars annually. nCino is well-positioned to capture a significant portion of this market, focusing on institutions seeking modern, cloud-based solutions. Given its customer base of 1,850+ financial institutions (mostly in US), there is a significant potential to scale up and go global to capture more share of the TAM.
Upturn SWOT Analysis
Strengths
- Cloud-based platform
- Comprehensive suite of banking solutions
- Integration with Salesforce
- Strong customer base
- Industry expertise
Weaknesses
- Relatively high implementation costs
- Dependence on Salesforce ecosystem
- Scalability can be a concern for very large institutions
- Lacks global presence
Opportunities
- Expansion into new markets
- Development of new product features
- Strategic partnerships
- Increasing demand for cloud banking solutions
- Cross-selling and up-selling to existing clients
Threats
- Competition from established players
- Cybersecurity risks
- Economic downturn
- Changes in regulatory environment
- Potential emergence of disruptive technologies
Competitors and Market Share
Key Competitors
- FIS (FIS)
- Fiserv (FI)
- Temenos (TEMN.SW)
- Jack Henry & Associates (JKHY)
Competitive Landscape
nCino's cloud-native architecture provides an advantage over legacy systems. Its integration with Salesforce strengthens its CRM capabilities. However, established players like FIS and Fiserv have broader product portfolios and larger customer bases.
Major Acquisitions
SimpleNexus
- Year: 2021
- Acquisition Price (USD millions): 1200
- Strategic Rationale: Expanded nCino's capabilities in mortgage lending, particularly point-of-sale (POS) solutions, creating a more comprehensive digital experience for lenders and borrowers.
Growth Trajectory and Initiatives
Historical Growth: nCino has demonstrated significant revenue growth in recent years, driven by increasing adoption of its cloud-based banking platform.
Future Projections: Analysts generally project continued revenue growth for nCino, driven by the ongoing shift to cloud banking and the company's strong competitive position. Profitability is expected to improve as the company scales.
Recent Initiatives: Recent initiatives include expanding partnerships, enhancing product features, and targeting new market segments.
Summary
nCino is a leading player in the cloud banking software market, driven by its innovative platform and strategic partnerships. While facing competition from larger, established companies, nCino's focus on cloud-native solutions and a strong customer base positions it for continued growth. Monitoring profitability and scaling operations are key to continued success. It is imperative the company looks at expanding globally to be more competitive.
Similar Stocks
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is based on available information and represents a general overview. Investment decisions should be based on thorough due diligence and professional financial advice. Market share estimates are approximate due to limited public data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About nCino Inc
Exchange NASDAQ | Headquaters Wilmington, NC, United States | ||
IPO Launch date 2020-07-14 | CEO, President & Director Mr. Sean Desmond | ||
Sector Technology | Industry Software - Application | Full time employees 1833 | Website https://www.ncino.com |
Full time employees 1833 | Website https://www.ncino.com | ||
nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally. It offers solutions on the nCino Platform, including Onboarding solution that streamlines and enhances the customer onboarding process through a digital platform for credit and non-credit onboarding, commercial account opening, and enterprise-level onboarding; and Account Opening solution, which includes Deposit Account Opening solution for consumers and small businesses. The company also provides Lending solution, which provides a loan origination platform for commercial, consumer, small business, and mortgage lending, such as Commercial Loan Origination System that automates loan lifecycle; Consumer Lending solution, which offers an omnichannel solution with automated credit decisioning and integrations; and Small Business Loan Origination solution for automation and machine learning. In addition, it offers Portfolio Management solution to manage credit risks, monitor performance, and uncover growth opportunities through data-driven platform; and Portfolio Analytics solution, which offers customizable dashboards to track loan, deposit, and application data. The company serves community banks, credit unions, enterprise banks, independent mortgage banks, building societies, and mutuals directly through its business development managers, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.
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