nCino
Financials
Estimates*
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 204m | 274m | 408m | 477m | 542m | 626m | 731m |
| % growth | 48 % | 34 % | 49 % | 17 % | 14 % | 15 % | 17 % |
| EBITDA | (33.1m) | (62.4m) | (60.3m) | 7.5m | 96.2m | 124m | 174m |
| % EBITDA margin | (16 %) | (23 %) | (15 %) | 2 % | 18 % | 20 % | 24 % |
| Profit | (40.5m) | (49.4m) | (103m) | (42.3m) | (25.4m) | (6.0m) | 33.4m |
| % profit margin | (20 %) | (18 %) | (25 %) | (9 %) | (5 %) | (1 %) | 5 % |
| EV / revenue | 30.6x | 18.0x | 7.6x | 7.4x | 6.2x | 5.2x | 4.3x |
| EV / EBITDA | -189.1x | -79.1x | -51.3x | 469.9x | 35.1x | 26.3x | 17.9x |
| R&D budget | 58.3m | 79.4m | 122m | 117m | - | - | - |
| R&D % of revenue | 29 % | 29 % | 30 % | 25 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.5m | Series A | ||
$11.0m | Series B | ||
$29.0m | Series B | ||
| N/A | $15.7m | Early VC | |
| N/A | $17.1m | Early VC | |
* | $51.5m | Early VC | |
$80.0m | Early VC | ||
| N/A | $250m Valuation: $2.8b 30.6x EV/LTM Revenues -135.6x EV/LTM EBITDA | IPO | |
N/A | Post IPO Equity | ||
| N/A | $926m | Post IPO Equity | |
| Total Funding | AUD330m | ||
Related Content
Recent News about nCino
EditnCino, Inc. is a financial technology company that specializes in cloud-based banking solutions. The company primarily serves financial institutions, including banks and credit unions, of all sizes across various geographies. nCino operates in the financial services market, focusing on providing software that enhances the efficiency and effectiveness of banking operations.
The core product of nCino is the nCino Bank Operating System, a comprehensive platform that integrates various banking functions such as loan origination, customer relationship management, and regulatory compliance. By leveraging cloud technology, nCino helps financial institutions streamline their processes, reduce costs, and improve customer experiences.
nCino's business model revolves around a Software-as-a-Service (SaaS) approach. This means that clients subscribe to nCino's software and pay a recurring fee for its use. The company generates revenue through these subscription fees, as well as through implementation services and ongoing customer support. This model ensures a steady stream of income and allows nCino to continuously update and improve its offerings.
Recently, nCino has expanded its capabilities by acquiring SimpleNexus, a company known for its mobile-first mortgage technology. This acquisition aims to enhance nCino's product suite and further solidify its position in the market.
nCino has been recognized for its strong company culture and has received numerous awards for being an employer of choice. This focus on culture is seen as a key driver of its innovation and customer success.
In summary, nCino is a market leader in cloud banking technology, providing financial institutions with tools to improve their operations and customer service. The company makes money through a subscription-based model and continues to grow through strategic acquisitions and a strong emphasis on company culture.
Keywords: cloud banking, financial technology, SaaS, loan origination, customer relationship management, regulatory compliance, subscription model, financial institutions, SimpleNexus acquisition, award-winning culture.
Tech stack
Investments by nCino
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