Is the business good?
How good a business is NCNO?
nCino, Inc. earns 1.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.8%
Return on invested capital · cost of capital 9.0% · 7.2 points below what the capital costs: growth destroys value
- Operating margin
- 4.3%
Operating margin · Software - Application median 8.2% · 12 months to Q1 2027
- Share count, year on year
- −6.1%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 20%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −21% |
| FY2022 | −26% |
| FY2023 | −23% |
| FY2024 | −8.3% |
| FY2025 | −3.4% |
| FY2026 | 0.63% |
Details›
- Gross margin12 months to Q1 2027
- 61%
- Operating margin12 months to Q1 2027
- 4.3%
- Net margin12 months to Q1 2027
- 2.2%
- Free cash flow margin
- 18%
- R&D as % of revenue
- 20%
- Revenue, trailing twelve months
- $610M
- Free cash flow, trailing twelve months
- $111M
- Net income, trailing twelve months
- $13M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #79 of 90 by Smart Score