nCino, Inc. (NASDAQ: NCNO) is a leading provider of intelligent banking solutions that help financial institutions digitize and streamline their operations. The company reported its fourth-quarter and full-year fiscal 2025 financial results, marking a period of stable growth.

For the fourth quarter of fiscal 2025, nCino achieved total revenues of $141.4 million, reflecting a 14% increase compared to $123.7 million in the same quarter last year. Subscription revenues for the quarter were $125.0 million, up 16% from $107.5 million year-over-year. For the entire fiscal year 2025, total revenues reached $540.7 million, a 13% increase from the prior year. Subscription revenues for the year amounted to $469.2 million, marking a 15% rise over fiscal 2024.

The company’s annual contract value (ACV) stood at $516.4 million as of January 31, 2025, representing a 13% year-over-year increase. Organic ACV growth was 8% for the year. nCino’s gross margin remained steady at 60%, consistent with prior periods. Non-GAAP operating income for the fourth quarter was reported at $24.4 million, increasing 26% from $19.3 million in the same quarter of fiscal 2024. The fiscal year saw a non-GAAP operating income of $96.2 million, up 56% from $61.8 million in fiscal 2024.

Despite these metrics, nCino reported a net loss attributable to the company of $18.6 million for the fourth quarter, compared to net income of $1.2 million in the prior year. The fiscal 2025 net loss attributable to nCino was $(37.9) million, an improvement over $(42.3) million in fiscal 2024. Non-GAAP net income for the fourth quarter was $13.9 million, down from $23.8 million year-over-year, primarily impacted by approximately $10.3 million due to non-operating foreign currency fluctuations.

nCino’s guidance for the first quarter of fiscal 2026 includes total revenues projected between $138.75 million and $140.75 million, with subscription revenues expected to be between $121.75 million and $123.75 million. For the fiscal year 2026, total revenues are anticipated to be between $574.5 million and $578.5 million. Subscription revenues for the same period are expected at $503 million to $507 million.

Operating expenses for fiscal 2025 included $123.2 million in sales and marketing, $129.4 million in research and development, and $90.3 million in general and administrative costs. The company intends to repurchase up to $100 million of its common stock, reflecting confidence in its strategy and future performance.

nCino closed the acquisition of Sandbox Banking, anticipated to enhance data connectivity and streamline operations for its customers. The company’s focus also remains on expanding its presence internationally, with notable growth in non-U.S. revenues, which reached $33.3 million in the fourth quarter, up 34% year-over-year.

With these results, nCino continues to navigate through market challenges while emphasizing execution and growth in its customer offerings.